Banyan Announces Closing of Accelerated 100% Earn-In at the AurMac Project, Yukon, Canada
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Banyan Announces Closing of Accelerated 100% Earn-In at the
AurMac Project, Yukon, Canada
September 18, 2025, TSX-V: BYN
VANCOUVER, BC, September 18, 2025 - Banyan Gold Corp . (the "Company" or "Banyan")
(TSX-V: BYN ) ( OTCQB: BYAGF ) is pleased to announce it has closed the 100% earn -in
agreement on the AurMac Project (“AurMac”) (the “Transaction”), previously announced on July
24th, 2025 with PricewaterhouseCoopers Inc., the receiver and manager (in such capacity, the
“Receiver”) for Victoria Gold Corp. (“Victoria”). Banyan had originally signed the option
agreements on the properties in 2017, and by 2024, had earned 75%. The option agreements
were originally to be completed in late 2025 and 2026. Pursuant to the previously announced
definitive agreement to accelerate the options, Banyan has now earned the remaining interests
(additional 25%) in the McQuesten and Aurex properties (which together comprise the core of the
AurMac Project).
“With this closing, the strict timeline to complete the PEA is removed. Banyan will now be able to
incorporate the results of our strategically targeted 2025 drilling into a PEA for 2026,” stated Tara
Christie, President and CEO.” Banyan will now also upsize our 2025 drill program to over 40,000
metres.”
AurMac hosts a gold Resource of 2.274 million ounces of gold (“Au") (112.5 M tonnes at 0.63 g/t)
and an Inferred Mineral Resource of 5.453 M oz of Au (280.6 M tonnes at 0.60 g/t )(see Table 1
below).
Upon closing of the Transaction, Banyan now owns 100% of the McQuesten and Aurex properties
that contain the gold Resource.
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 MRE . 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.
Upcoming Events
• GCFF Annual Wealth Conference, Vancouver, September 20, 2025
o Corporate Presentation: September 20 at 9:40 AM PDT
• Shareholder Virtual Update – Rule Symposium Attendees Exclusive - October 1, 2025 at
11:00 AM PDT
• 121 Mining Investment Hong Kong, September 24-25, 2025
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• 121 Mining Investment Global Online, October 14-15, 2025
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 of gold (" Au") (112.5 M tonnes at 0.63 g/t) and an
Inferred Mineral Resource of 5.453 M oz 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 291.8 square
kilometres (“ sq km ”) AurMac Project lies 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
Indicated MRE Inferred MRE
Deposit
Au Cut-Off
Grade
(g/t)
Tonnage
(M Tonnes)
Gold
Grade
(g/t)
Gold
Content
(M Oz)
Tonnage
(M Tonnes)
Gold
Grade
(g/t)
Gold
Content
(M oz)
Airstrip 0.30 27.7 0.69 0.611 10.1 0.75 0.245
Powerline 0.30 84.8 0.61 1.663 270.4 0.60 5.208
Total
Combined 0.30 112.5 0.63 2.274 280.6 0.60 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.
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.
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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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
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 use 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 n ews release includes, but is not limited to, 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 r esource 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 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, and the other risks i nvolved
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 occu r 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.