Banyan Gold Corp. announces the filing of the Technical Report to support the Updated Mineral Resource Estimate ("Mineral Resource") in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards incorporated by reference in National Instrument 43-101 ("NI 43-101") for the AurMac Property. The AurMac Property is located in the Mayo Mining district, approximately 40 kilometres northeast from the
village of Mayo, Yukon and 356 kilometres north of Whitehorse, Yukon (the "AurMac Property"). The Technical Report was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., Dino Pilotto, P.Eng. of JDS Energy & Mining Inc. and R. Nick Gow, PhD. of Forte Dynamics. As announced on May 17, 2022, the Updated AurMac Mineral Resource comprises a total inferred mineral resource of 3,990,000 ounces of gold (Table 1) on the road accessible AurMac Property. This pit constrained mineral resource is contained in three near/on-surface deposits: the Airstrip, Powerline and Aurex Hill deposits. Banyan commenced exploration diamond drilling in January 2022 and has now completed over 26,000 metres of drilling for the planned 2022, 60,000 metre program. Banyan Gold's primary asset, the AurMac Property is comprised of the Aurex and McQuesten properties, as well as claims staked and owned 100% by Banyan Gold, and adjacent to Victoria Gold's Eagle Gold Mine, in Canada's Yukon Territory. The updated resource for the AurMac Property of 3,990,000 ounces was announced on May 17 2022. The 173 sq km AurMac Property lies 30 kilometres from Victoria Gold's Eagle Project and adjacent to the Keno Hill Silver District operated by Alexco Resource Corp. and is highly prospective for structurally controlled, intrusion related gold-silver mineralization. The property is transected by the main Yukon highway and access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline, existing power station and cell phone coverage. Banyan has a right to earn up to a 100% interest, in both the Aurex andMcQuesten Properties, subject to certain royalties. In addition to the AurMac Property, the Company holds the Hyland Gold Project, located 70 kilometres Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the "Hyland Project"). The Hyland Project is a sediment hosted, structurally controlled, intrusion related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads.