Banyan Gold Corp. released assay results from eight (8) diamond drill holes of the Phase 2 exploration campaign at the rapidly developing Powerline Deposit, AurMac Property, Yukon. These results continue to demonstrate that the Powerline Deposit has the potential to host near-surface gold mineralization over at least 1.2 kilometres ("km") strike length in the east-west direction; the continuity of this growing trend remains open in both directions. Assay highlights from this latest batch of assays received from the 2021 Powerline drilling campaign include: 72.9 metres (m) of 0.51 g/t Au from 29.0 m in DDH AX-21-134. 57.9 m of 0.61 g/t Au from 35.1 m in DDH AX-21-135. 118.4 m of 0.44 g/t Au from 21.3 m in DDH AX-21-137. 72.4 m of 1.73 g/t Au from 8.2 m in DDH AX-21-139. 58.0 m of 0.47 g/t Au from 15.2 m in DDH AX-21-141. 41.7 m of 0.66 g/t Au from 9.1 m in DDH AX-21-150. Results from these latest eight (8) drill holes are consistent with previous exploration drilling campaigns at Powerline deposit. Visible gold is commonly observed in quartz veins that are discordant to foliation. The areal extent of this interpreted gold mineralization has expanded from 250 m by 250 m for the existing Powerline Resource, to over 2 km x 2 km; demonstrating the potential for Powerline to add measurably to the mineral resource catalogue of AurMac. Photographs of visible gold from: A) AX-21-137 100.3 m to 101.3 m which assayed 1.75 g/t Au over 1.0 m; B) AX-21-139 37.9 m to 39.5 m which assayed 47.2 g/t Au over 1.6 m; C) AX-21-143 103.1 m to 104.2 m which assayed 1.09 g/t Au over 1.1 m; D) AX-21-143 243.8 m to 244.8 m which assayed 1.32 g/t Au over 1.0 m. The AurMac drill program for 2021 has now concluded, having expanded to four (4) drills and completing 30,091 m of drilling in 135 diamond drill holes. Diamond drilling at AurMac since the First Quarter 2020 maiden resource announcement is now over 40,000 m to date - which has all targeted resource expansion of the Airstrip Deposit; the Powerline Deposit and the Aurex Hill zone. The 2022 drill season will start early in the New Year and the first 15,000 m of 30,000 m has been planned. Additional drill locations will be determined after reviewing analytical results. All drill core splits reported in this news release were analysed at SGS Canada in Vancouver, BC utilising their GE_IMS21B20 analytical package which comprises a two-acid aqua regia digestion followed by a 36-element ICP-MS scan, in conjunction with the GE_FAA30V5 30g Fire Assay with AAS finish for gold on all samples. Samples with gold content exceeding the analytical thresholds of this package were reanalysed utilising an additional 30g Fire Assay Gravimetric Finish (SGS Package GO_FAG30V). All core samples were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the SGS, Whitehorse preparatory laboratory where samples are prepared and then shipped to SGS laboratory in Vancouver, BC for pulverization and final chemical analysis. A robust system of standards, ¼ core duplicates and blanks was implemented in the 2021 exploration drilling program and was monitored as chemical assay data became available.