VANCOUVER - Banyan Gold Corp. (the 'Company' or 'Banyan') (TSXV: BYN) is pleased to announce the results from the next five drill holes which have been received for the Powerline Deposit, AurMac Property, Yukon.

Step-out grid-based drilling continues to identify significant intervals of consistent gold mineralization further expanding the mineralization footprint of this impressive and growing on and near-surface gold deposit. Gold mineralization remains open in all directions and current drilling activities are now focused on resource expansion to the east and west of Powerline Phase 1 drilling completed in July.

Assay highlights from this series of drill results include: 'The ongoing results are steadily and strongly demonstrating the size potential of the Powerline Deposit,' states Tara Christie, President and CEO. 'It's extremely rare to outline a near-surface deposit of this size and tenor immediately adjacent to an existing highway, communications and power infrastructure. The Company is fully funded through 2022 and plans an aggressive drill campaign designed to continue to expand and define resources towards an updated AurMac Mineral Resource in 2022.'

2021 Drilling Program Update

Phase 1 Drilling at AurMac included drilling at both the Powerline and Aurex Hill targets.

At Powerline, 10,476 m (50 holes) was drilled in a systematic, 100 m centered, drill grid designed to test the expansion potential of the Powerline Deposit. Drilling at Aurex Hill included 18 diamond drill holes totalling 4,386 m. Assay results from 35 of the 50 Powerline holes have been received and reported, with 12 holes from Powerline and the entirety of the18 holes from Aurex Hill pending.

Phase 2 Drilling began in late July and is designed to expand the limits of the Powerline Deposit and is planned to continue until December 2021 and then planned to resume in February 2022.

COVID-19 Update

Banyan Gold continues to take proactive measures to protect the health and safety of our Yukon communities, our contractors and our employees from COVID 19 and exploration activities in 2021 will have additional safety measures in place, following and exceeding all the recommendations of Yukon's Chief Medical Officer. Over 90% of Banyan Gold employees and contractors on site are fully vaccinated.

About Banyan

Banyan's primary asset AurMac is adjacent to Victoria Gold's Eagle Gold Mine, in Canada's Yukon Territory, which announced commercial production on July 1, 2020. The AurMac initial resource of 903,945 oz Au was announced in May 2020. Our major strategic shareholders include Alexco Resource Corp, Franklin Gold and Precious Metals Fund, Osisko Development, and Victoria Gold Corporation. Banyan is focused on gold exploration projects that have the geological potential, size of land package and proximity to infrastructure that is advantageous for a mineral project to have potential to become a mine. Our Yukon based projects both fit this model and our objective is to gain shareholder value by advancing projects in our pipeline.

The 173 sq km AurMac Property lies 30 km from Victoria Gold's Eagle Project and adjacent to Alexco's Keno Hill Silver District and is highly prospective for structurally controlled, intrusion related gold-silver mineralization. The property is located adjacent to the main Yukon highway and just off the main access road to the Victoria Gold open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline, existing Yukon Energy Corp. switching power station and cell phone coverage. Banyan has optioned the properties from Victoria Gold and Alexco respectively with a right to earn up to a 100% subject to royalties.

Contact:

Tara Christie

Tel: (888) 629-0444

Email: tchristie@banyangold.com

CAUTIONARY STATEMENT

This news release contains forward-looking information, which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Banyan's objectives, goals or future plans, statements regarding exploration expectations, exploration or development plans and mineral resource estimates. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, uncertainties inherent in resource estimates , capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Statements in this news release regarding Banyan which are not historical facts are 'forward-looking statements' that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as 'may', 'will', 'expect', 'estimate', 'anticipate', 'intend', 'believe' and 'continue' or the negative thereof or similar variations.

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