Banyan Gold Grants Incentive Stock Options
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Banyan Gold Grants Incentive Stock Options
December 5, 2025, TSX-V: BYN
VANCOUVER, BC, December 5 , 2025 - Banyan Gold Corp . (the " Company" or "Banyan")
(TSX-V: BYN ) ( OTCQB: BYAGF ) announces the B oard of Directors of the Company have
granted 5,060,000 stock options to purchase 5,600,000 shares at an exercise price of $1.00 per
share with a vesting period of up to 18 months with a five-year term.
The stock options are being issued to consultants, employees, advisors and exploration staff of
the Company. The options were granted under and are subject to the terms and conditions of the
Company’s stock option plan and were granted subject to the annual compensation review.
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
• Toronto, ON Roadshow – December 8 to 10, 2025
• Houston, TX Roadshow – December 21 to 23, 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 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 lies 40 k ilometres 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.
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Table 3: 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 0.30 27.7 0.69 0.611
Powerline 0.30 84.8 0.61 1.663
Total Combined
Indicated MRE
0.30 112.5 0.63 2.274
Inferred MRE
Airstrip 0.30 10.1 0.75 0.245
Powerline 0.30 270.4 0.60 5.208
Total Combined
Inferred MRE
0.30 280.6 0.60 5.453
Notes to Table 3:
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.
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.
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 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
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 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 in formation in this news release includes, but is not limited to , the potential for
resource expansion; the potential to convert inferred resources into indicated resource, 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 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 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.
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