BYN.V · 2017-08-28 12:00:00

Banyan Drills 2.62 g/t Gold over 3.1 metres, including 9.98 g/t Gold over 0.6 metres at Aurex-McQuesten

Drill Results

Banyan Drills 2.62 g/t Gold over 3.1 metres, including 9.98 g/t Gold over 0.6

metres at Aurex-McQuesten

August 28, 2017 TSX-V: BYN

BANYAN GOLD CORP. (“Banyan” or the “Company”) is pleased to announce

analytical results from the first two holes from the recently completed ten- hole diamond

drill campaign on the Aurex-McQuesten Property 2017 exploration program.

Results from the first two of six diamond drill holes targeted the McQuesten showing

area and are presented in the summary table below. The McQuesten showing area is a

1,000 metre x 400 metre wide zone of known near -surface gold and silver

mineralization, where previous exploration results include drill intercepts of up to 120 m

grading 1.36 g/t Au with intervals of up to 1.5 m grading 8.89 g/t Au (see Company

news release dated May 25, 2017). The attached map provides the location of the drill

holes and tr enches and can be viewed at http://www.banyangold.com/projects/aurex-

mcquesten/

Hole # Comment From

(m) To (m) Interval (m) Gold

(g/t)

Silver

(g/t)

MQ17-024 24.4 55.1 30.7 0.44 0.93

incl. 25.9 35.7 9.8 0.69 1.35

incl. 27.4 28.9 1.5 2.10 1.10

also 91.4 94.5 3.1 2.62 4.71

incl. 91.4 92.1 0.6 9.98 6.30

also 112.2 128.0 15.8 0.68 1.49

incl. 117.5 128.0 10.5 0.90 1.79

MQ17-025 72.7 81.6 8.8 0.76 0.82

incl. 74.5 78.1 3.5 1.25 1.65

“With detailed oriented core measurements collected for the first time on the properties,

and after a rigorous compilation of all historic exploration results, this year’s drill

program has greatly assisted the understanding of the structural and geological controls

on gold mineralization in the mineralized zone. These initial results are extremely

encouraging, returning high- grade gold values over substantive widths and the

remainder of the analytical results are expected in coming weeks” said Tara Christie,

President and CEO.

These two initial holes from the McQuesten 2017 program were holes stepped out 50

meters, on- section, from historic drill -holes and were designed to extend known

mineralized zones as well as test interpreted down- dip mineralization extents from

previously defined surface (trench) targets. Additionally, these drill -holes provided

valuable structural and geological data on mineralization hosts and controls, never

before available to Banyan. Both holes intercepted gold mineralization, establishing the

McQuesten showing as an anomalous gold target with prospectivity for defining

additional gold mineralization.

Aurex-McQuesten Gold Project

Banyan’s inaugural exploration program at the Aurex-McQuesten Project consisted of a

property wide geochemical soil surveys (1,114 soil samples), 464 metres of trench

sampling, inclusive of the reopening/remapping of historic trenches (235 trench

samples) along with a 1,421.89 metres diamond drill program from 10 holes (1,007 drill -

core samples).

The exploration target at the Aurex -McQuesten Project is near surface gold

mineralization in meta -sedimentary host rocks related to interpreted buried intrusive

stocks. Structural traps are known to control intrusion- related gold-silver mineralization

in this area and defined gold mineralization on the property occurs in sheeted quartz

veins, silicified skarn horizons, and quartz -monzonite dykes similar to mineralization at

Victoria Gold’s nearby Eagle Gold Project, as well as silver mineralization related to

faults similar to those found at Alexco Resource’s Keno Hill Silver District.

The combined Aurex -McQuesten properties consist of approximat ely 9,230 hectares

and boasts exceptional infrastructure including Highway road access, grid powerlines

and historic exploration access roads with nearby services out of Mayo, Yukon, 25 km

to the South. Additionally, both Victoria Gold Corp. and Alexco R esource Corp. are

strategic partners on this project, providing camp, geological and financial support.

Technical Information

The technical information in this news release has been reviewed and approved by Paul

D. Gray, P.Geo., a Qualified Person as defined by NI 43-101.

Analytical Method

All drill core samples collected from the Aurex McQuesten program were analyzed at

Bureau Veritas of Burnaby, B.C. utilizing the four acid digestion ICP -MS 35 -element

MA300 analytical package with FA450 50- gram Fire A ssay with AAS finish for gold on

all samples. All core samples were split on- site at Banyan’s core processing facilities at

Alexco Resource Corp.’s Elsa processing facility. Once split, half samples were placed

back in the core boxes with the other half o f split samples sealed in poly bags with one

part of a three- part sample tag inserted within. All these samples were shipped to the

Bureau Veritas, Whitehorse preparatory laboratory where samples were sorted and

crushed to appropriate particle size (pulp) and representatively split to a smaller size for

shipment to Bureau Veritas’s Analytical laboratory in Vancouver, B.C. for final chemical

analysis. A robust system of standards was implemented in the 2017 exploration drilling

program and was monitored as chemical assay data became available.

About Banyan Gold

Banyan is a well -financed growth stage gold exploration company whose flagship

property, the Hyland Gold Project, is approximately 70km NE of Watson Lake, Yukon,

along the southeast end of the Tintina Gold Belt.

The newly acquired 9,230 ha Aurex -McQuesten Property, in close proximity to Victoria

Gold's Eagle Project and Alexco Resource's Keno Hill Silver District, is highly

perspective for structurally controlled, intrusion related gold- silver minera lization in

relation to quartz monzonite dykes of the Tombstone intrusive suite.

Banyan trades on the TSX -Venture Exchange under the symbol “BYN”. For more

information, please visit the corporate website at www.BanyanGold.com or contact the

Company.

ON BEHALF OF BANYAN GOLD CORPORATION

(signed) "Tara Christie"

Tara Christie

President & CEO

For more information, please contact:

Tara Christie David Rutt

Tel: (888) 629-0444 Tel: (888) 629-0444

Email: [email protected] Email: [email protected]

CAUTIONARY STATEMENT: The TSX Venture Exchange does not accept 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. 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 the timing of negotiating the definitive agreements. Factors that could cause actual results to

differ materially from such forward -looking information include, but are not limited to, uncertainties inherent to

preparing a resource estimate within expected timeline, 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. Paul D.Gray of Banyan Gold Corp. is a “qualified person” within the meaning of such term as set

forth in National Instrument 43-101 of the Canadian Securities Administrators, and has verified and supervised the

preparation of all of the scientific and technical information contained in this news release.

Statements in this news release regarding Banyan Gold 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.

!(!(

466400

466600

466800

467000

467200

467400

7083600

7083800

7084000

7084200

South McQuesten Rd

Silver Trail

Highway

South M

cQuesten Rd

Powerline

Aurex-McQuesten Project

McQuesten Property

Legend

Claim Boundary

Road, Main/Rough

Lake/stream

Contour lines

2017 Trench

Historic Trench

Powerline

Trail

Diamond Drill hole

and hole trace

Banyan 2017 Drill

hole and hole trace

MQ17-024

MQ17-025

TR17-01

TR17-02

TR17-03 TR17-04 Line of Section

Drawn by: LB

NAD83/UTM Zone 8N

0 200 100

Meters

Date: Aug 25, 2017

1:5,000 Scale =

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