Banyan Provides Summary of 2024 Diamond Drill Program, Airstrip and Powerline Deposits, AurMac Project, Yukon, Canada

VANCOUVER, BC / ACCESS Newswire / March 3, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce a comprehensive summary of the 2024 AurMac definition drill program results. The 21,000 metre diamond drill program included 118 diamond drillholes collared within the Airstrip and Powerline Deposits which are located on the Company's AurMac Project, within Yukon's prolific Tombstone Gold Belt. 2024 drilling was highly successful with visible gold observed in multiple drillholes and multiple intersections of high-grade gold mineralization near surface and at depth in both the Airstrip and Powerline Deposits. The 2024 drill program has increased confidence in the Mineral Resources at AurMac and has demonstrated the potential to grow both the size and gold grade at the AurMac Project. An updated Mineral Resource estimate ("MRE") expected in Q2 of 2025.

"The discovery of high-grade zones and understanding the geological context and potential continuity of mineralization for intercepts such as, 15.9 m of 9.32 g/t and 3.7 m of 33.43 g/t, puts us on track to reshape perceptions on the scale of the higher-grade zones within and, ultimately, the overall profile of the AurMac Gold Deposits," stated Tara Christie, President and CEO. "2024 drilling confirmed the exceptional potential of the AurMac Project for both grade and ounce growth. As we continue to expand our understanding of the deposit, we're excited about the significant upside from last years' drilling, exploration and geophysical programs has revealed-solidifying our confidence as we move forward with our 2025 drilling and advancing the project to the next stages of development."

Figure 1. AurMac Project Potential Mineral Resource Growth

Drill Plan map presenting the mineralized zones where 2024 drilling has the potential to expand the size and grade of the February 6, 2024 MRE.

Highlights from the 2024 Exploration Program

Airstrip Deposit

2024 drilling in the Airstrip Deposit succeeded in the expansion of known gold mineralization beyond the initial resource area (See Company News Release of February 6, 2024) and identified several high-grade, near-surface mineralized intervals, including drillhole AX-24-590 which intersected 15.9 metres "m" of 9.32 g/t gold from 65.7 m. This represents the first interval of greater than 100 gram-meters (Gold grade g/t times interval metres) from the Airstrip Deposit. The intersection in AX-24-590 intersected high-grade mineralization at the contact of a felsic dyke and the main deposit host lithology. This, along with other drill intersections, indicates the potential to trace a high-grade zone of mineralization along strike and down dip, with potential for the identification of additional high-grade targets. Three other drillholes intersected mineralized intervals with greater than 50 gram-meters including drillhole AX-24-577 which intersected 105.8 m of 0.6 g/t gold from 39.5 m, AX-24-604 which intersected 46.4 m of 1.31 g/t gold from 55.8 m and AX-24-593 which intersected 13.8 m of 3.81 g/t gold from 67.6 m. Mineralization was also identified down dip and outside of the current mineral resource (Figure 2), furthering the potential to grow the grade and size of the deposit, which remains open in all directions; in particular with higher grade potential, east and west along strike and at depth down dip. The Airstrip Deposit is hosted in a metasedimentary package which consists of predominately schists, quartzites and limestones of the Mississippian age Sourdough Hill Member of the Keno Hill Formation. Gold mineralization here is primarily associated with pyrrhotite-bearing skarn altered calcareous schists and with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies. Gold mineralization is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.

Image 1: Photograph of Visible Gold from Airstrip Deposit Drillholes:

*True widths are estimated to be approximately 90% of drilled intervals.

Figure 2: Airstrip Deposit 2024 Diamond Drillholes - High-Grade Intervals Map (> 25.0 g*m). The calculation utilized for the presentation is Gold Grade (g/t) x Interval (m). The grade thickness map was calculated using ESRI kernel density method. Where a drillhole has multiple intervals, the highest interval is used in the calculation. Presented below is the Airstrip Deposit, the location of pre-2024 Banyan completed diamond drillholes used in the MRE as black dots and collar locations of 2024 drilling as yellow, orange and red dots, representing grade thickness intervals.

*MRE effective date of February 6, 2024, details in Table 4.

Figure 3:Airstrip Deposit Section 467,000. Section 467,000 mE, presents 2024 drillhole locations with assays. Pink and red ovals represent areas which have potential to add to the existing mineral resource estimate and further potential to expand resource shell boundaries.

Powerline Deposit

2024 drilling in the Powerline Deposit was successful and intersected several of the highest-grade gold intervals drilled at the AurMac Project to date, including drillhole AX-24-540 which intersected 23.1 m of 5.68 g/t gold from 159.3 m, including 0.2 m of 539.3 g/t gold. Drilling from the 2024 program resulted in 16 drillholes of greater than 50 gram-meters. The Powerline Deposit is hosted in a metasedimentary package consisting of predominately schists, quartzites and limestones of the Late Proterozoic to Cambrian age Hyland Group. Gold mineralization here is associated with low angle quartz-sulfosalt-arsenopyrite veins observed cutting lithology. The high-grade quartz veins intersected in the 2024 drilling highlight the potential to define high-grade zones within Powerline and further guide exploration efforts. Gold mineralization in both the Airstrip and Powerline deposits is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits.

Image 2: Photographs of Visible Gold from Powerline Deposit Drillholes:

Table 2: Powerline Deposit High-grade Interval Highlights (>50 g*m)