Banyan Gold District Consolidation with Claim Purchase, AurMac Project, Yukon
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Banyan Gold District Consolidation with Claim Purchase,
AurMac Project, Yukon
December 17, 2025, TSX-V: BYN
VANCOUVER, BC, December 17, 2025 - Banyan Gold Corp . (the "Company" or "Banyan")
(TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce the strategic acquisition of Trail Minto
Claims (total 229 claims) located between Banyan’s AurMac Project (“AurMac”) and Nitra Project
(“Nitra”) properties from Mayo Lake Minerals Inc. (CSE:MLKM) completing a district consolidation
of almost 720 square kilometres (“sq km”) around the AurMac Project (Figure 1).
“With today’s acquisition of the Minto Claims, the AurMac and Nitra properties have now grown
to a contiguous 720 sq km land package covering the AurMac deposit (see Table 1 below) and
an extensive prospective and underexplored land package ,” said Tara Christie, President and
CEO. “Banyan has identified geophysical and surface geochemical trends which continue toward
the Trail-Minto claims and Nitra claim block, indicating the potential for reduced intrusion-related
gold mineralization.”
Figure 1: Map of Trail-Minto Claims location
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Property Acquisition
Banyan has completed the purchase of 100% interest in a group of 229 quartz claims , covering
46 sq km, referred to as the Trail -Minto Claims (“ the Claims ”) for a cash consideration of
$1,000,000 and a 2% net smelter royalty (“NSR” or the “ Royalty”) to Mayo Lake Minerals Inc .
Banyan may, at any time, elect to reduce the Royalty rate to 1% upon a payment of $1,000,000.
All other previous royalties have been eliminated.
The claims are situated in-between and contiguous to the AurMac and Nitra properties (Figure 1).
Application of the geological, geophysical and structural models developed by Banyan for AurMac
highlights the prospectivity on the Trail -Minto claim s. Banyan has identified geophysical and
surface geochemical trends which continue toward the Trail-Minto claims and Nitra claim block,
indicating the potential for reduced intrusion-related gold mineralization.
All of the claims that are now owned by Banyan, either by staking or purchase, preceded the
Government of Yukon and the First Nation Na -cho Ny äk Dun signing a Memorandum of
Understanding on July 31, 2025, to initiate the regional land use planning process.
Updated Disclosure on Banyan Share Registry
The company is aware that there continues to be old information about our shareholder registry
held by external data providers which the company is working hard to correct. The company
confirms that PricewaterhouseCoopers, in its capacity as receiver for Victoria Gold Corp.
(“Victoria”), has divested of all its Banyan shares, as of October 15, 2025. The shares were
originally issued to Victoria under the AurMac property earn-in agreement and through early
financings. Since September, Banyan has welcomed notable new institutional and high net-worth
shareholders and current information is maintained on the Banyan website
Yukon-BC Grid Connect
Banyan welcomes Prime Minister Carney’s announcement referring the Northwest Critical
Conservation Corridor—including the proposed Yukon-B.C. Grid Connect—to the Major
Projects Office to accelerate this nation-building initiative. Banyan supports the federal
recognition of the corridor’s substantial potential to advance critical minerals development and
clean power transmission while upholding Indigenous rights and project leadership. As outlined
in the Yukon Development Corporation’s Shared Grid / Shared Benefits report, the Yukon-B.C.
Grid Connect could unlock up to C$7.6 billion in annual clean economic growth, support more
than 36,000 long-term jobs, and enable up to 2,000 MW of new renewable energy. Connecting
the Yukon’s isolated grid to the Canadian grid through B.C. would enhance energy security,
deliver clean power across Canada’s Northwest corridor, and enable responsible development
of mining projects, including Banyan’s AurMac.
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Qualified Persons
Duncan Mackay, M.Sc., P.Geo., is a “Qualified Person” as defined under National Instrument
43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed and
approved the content of this news release in respect of all disclosure other than the MREs. Mr.
Mackay is Vice President Exploration for Banyan and has verified the data disclosed in this
news release, including the sampling, analytical and test data underlying the information.
About Banyan
Banyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation
of Na -Cho Nyäk Dun, in Canada’s Yukon Territory. The current Mineral Resource Estimate
(“MRE”) for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated
Mineral Resource of 2.274 million ounces (“Moz”) of gold ("Au") (112.5 M tonnes at 0.63 g/t) and
an Inferred Mineral Resource of 5.453 Moz of Au (280.6 M tonnes at 0.60 g/t ) (as defined in the
Canadian Institute of Mining, Metallurgy and Petroleum (" CIM") Definition Standards for Mineral
Resources & Mineral Reserves incorporated by reference into NI 43 -101). The 303 square
kilometres (“sq km”) AurMac Project is contiguous with the 417 sq. km. Nitra Project, located 40
km from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits
from a 3-phase powerline, existing power station and cell phone coverage.
Table 1: Pit-Constrained Indicated and Inferred Mineral Resources – AurMac Project
Deposit
Gold Cut-
Off (g/t)
Tonnage (M
Tonnes)
Average Gold
Grade (g/t) Contained Gold (Moz)
Indicated MRE
Airstrip 0.3 27.7 0.69 0.611
Powerline 0.3 84.8 0.61 1.663
Total Combined Indicated MRE 0.3 112.5 0.63 2.274
Inferred MRE
Airstrip 0.3 10.1 0.75 0.245
Powerline 0.3 270.4 0.6 5.208
Total Combined Inferred MRE 0.3 280.6 0.6 5.453
Notes to Table 1:
1. The effective date for the MRE is June 28, 2025, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal,
Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.
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2. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The
estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation,
sociopolitical, marketing, changes in global gold markets or other relevant issues.
3. The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade
of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient
exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource.
4. Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange
rate of 0.73 and constrained within an open pit shell optimized with the Lerchs -Grossman algorithm to
constrain the Mineral Resources with the following estimated parameters: gold price of US $2,050/ounce,
US$2.50/t mining cost, US$10.00/t processing cost, US$2.00/t G+A, 90% gold recoveries, and 45° pit slopes.1
5. The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are
due to rounding effects.
In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70km
Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the “Hyland
Project”) in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and
Daylu Dena Council. The Hyland Project represents 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 . The updated MRE comprises an Indicated Mineral
Resource of 337 thousand (“k”) ounces (“oz”) of gold (“Au”) and 2.63 million (“M”) oz of silver
(“Ag”) (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of
118 koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag) (as defined
in the Canadian Institute of Mining, Metallurgy and Petroleum (“ CIM”) Definition Standards for
Mineral Resources & Mineral Reserves incorporated by reference into NI 43-101) effective
September 1, 2025 and with technical report filed on Sedar on October 27, 2025.
Banyan also holds the Nitra Gold Project, a grassroots exploration project located in the Mayo
Mining district, approximately 10km west of the AurMac Gold Project. The Nitra Project lies in the
northern part of the Selwyn basin and is underlain by metaclastic rocks of the Late Proterozoic
Yusezyu Formation of the Hyland Group, similar to lithologies hosting portions of the AurMac
Project. Middle Cretaceous Tombstone Plutonic suite int rusions occur along the property
including the Morrison Creek and Minto Creek stocks. The property is 100% owned and operated
by Banyan Gold Corporation ("Banyan") and covers approximately 313.9 sq km. The property is
accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.
Banyan trades on the TSX -Venture Exchange under the symbol “ BYN” and is quoted on the
OTCQB Venture Market under the symbol “ BYAGF”. For more information, please visit the
corporate website at or contact the Company.
ON BEHALF OF BANYAN GOLD CORPORATION
(signed) "Tara Christie"
Tara Christie
President & CEO
1 The gold price and cost assumptions are consistent with current pricing assumptions and costs and, in particular,
with those employed for recent technical reports for similar pit-constrained Yukon gold projects.
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For more information, please contact:
Tara Christie • 778 928 0556 • [email protected]
Jasmine Sangria • 604 312 5610 • [email protected]
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the
adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein.
FORWARD LOOKING INFORMATION: This news release contains forward -looking information, which is not
comprised of historical facts and is based upon the Company’s current internal expectations, estimates, projections,
assumptions and beliefs. Such information can generally be identified by the us e of forwarding-looking wording such
as “may”, “will”, “expect”, “estimate”, “anticipate”, “intend(s)”, “believe”, “potential” and “continue” or the negative thereof
or similar variations, 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, the potential
for resource expansion; the potential to convert waste into high grade resources, mineral resource estimates; mineral
recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-
looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, 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 ri sks,
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, 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.