Banyan Gold Corp. announced analytical results from the remaining drillholes of the 2023 drill program which consisted of 24,700 metres ("m") of diamond drilling from 107 holes on the Company's AurMac Project ("AurMac"), Yukon Territory. Assay highlights from these results include: AX-23-449: 41.3 m of 0.51 g/t gold from 118.6 m; AX-23-454: 25.6 m of 0.82 g/t gold from 21.6 m; AX- 23-465: 54.3 m of 0.56 g/t gold from 33.5 m; AX-23-478: 70.4 m of 0.41 g/t gold from 124.1 m; AX-23-481: 37.3 m of 0.71 g/t gold from 168.0 m; AX-23-495: 57.3 m of 0.49 g/t gold from 81.5 m; AX- 23-500: 95.7 m of 0.29 g/t gold from 145.8 m; AX-23-501: 114.0 m of 0.34 g/t gold from 117.7 m; AX-23-506: 152.1 m of 0.31 g/t gold from 47.1 m; AX- 23-507: 35.7 m of 0.95 g/t gold from 24.4 m; AX-23-508: 127.1 m of 0.37 g/t gold from 49.1 m; AX-19-511: 98.0 m of 0.29 g-t gold from 90.1 m; AX-22-517: 106.3 m of 0.35 g/t gold from 43.1 m. Drill results continue to be consistent with previous exploration at the Powerline and Aurex Hill Deposits and the deposits remain open to gold mineralization expansion in all directions and to depth.

The program was also designed to begin to test potential mineralization bounds to identify locations for infrastructure as the Project is advancing. The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package which consists predominantly of schists, quartzites and limestones of the Late Proterozoic to Cambrian Hyland Group. Gold mineralization is primarily associated with low angle quartz-sulfosalt-arsenopyrite veins which crosscut all lithologies and is interpreted to be associated with a large intrusion related gold system typical of theombstone Gold Belt and Selwyn Basin gold deposits.

A robust system of standards, 1/4 core duplicates and blanks was implemented in the 2023 exploration drilling program and was monitored as chemical assay data became available. Eighteen (18) drill hole core splits reported in this news release. Mr. Gray has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the information.