Banyan Gold Provides Update on Pre-Existing Underlying Royalty Purchase, AurMac Project, Yukon, Canada
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Banyan Gold Provides Update on Pre-Existing Underlying Royalty
Purchase, AurMac Project, Yukon, Canada
March 1, 2026, TSX-V: BYN
VANCOUVER, BC, March 1, 2026 - Banyan Gold Corp. (the "Company" or "Banyan")
(TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce details regarding third parties
that are in agreement to purchase a pre-existing underlying Net Smelter Return royalty
(“NSR”) on AurMac. More information is provided below.
Highlight
• Franco-Nevada Corporation (“Franco-Nevada”) purchases existing underlying
NSR on AurMac for $52.2 million (“M”).
“The pending transaction by Franco-Nevada, involving the acquisition of the pre-existing
royalty on the core of the AurMac Property for $52.2 million, serves as further validation
of the quality of our project,” stated Tara Christie, Banyan President and CEO.
Information on Pending Sale of Pre-Existing Underlying Royalty
Further to public documents filed in the Ontario court on February 26, 2026, Franco -
Nevada has entered into a royalty purchase agreement1 with PricewaterhouseCoopers
Inc., the receiver and manager (in such capacity, the “Receiver”) for Victoria Gold Corp.
(“Victoria”), to purchase the NSR covering the McQuesten and Aurex properties for $52.2
M. The McQuesten and Aurex properties consist of 92.6 square kilometers (“km2”) (510
claims) out of the 720 km2 total project area for AurMac. The NSR purchased by Franco-
Nevada applies to an area which includes the existing Resource and is shown in Figure
1. The area represents approximately 13% of the total AurMac project area.
Following Banyan’s completion of the 100% earn-in on the McQuesten and Aurex
properties, as previously announced on July 24, 2025, Banyan issued a 6% NSR to
Victoria on the McQuesten and Aurex properties with the option to reduce the NSR from
6% to 1% for a one-time cash payment of $10M.
1 The royalty purchase agreement is subject to, among other things, approval of the Transaction by the
Ontario Superior Court of Justice
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Figure 1. AurMac Project with NSR Purchase area in darker grey. Current Resource area
shown in black.
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
• Yukon in Global Focus: From Rocks to Riches Breakfast - Fireside Chat - Toronto,
March 2, 7 AM – 9 AM ET
o 7:00 AM to 9 AM ET
• PDAC, Toronto, March 1 – 4, 2026
o Exhibitor Booth No. 2213, March 1 – 2
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o 1x1 Meetings, Level 300, March 1-3
• SMI Zurich, Switzerland, March 18 -19
• Italy Roadshow – Milan, March 23
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 kilometres 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 0.30 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 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
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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.2
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
70 km 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 10 km west of the AurMac Gold property. The
Nitra Property 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 intrusions 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]
2 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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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 information in this news release includes, but is not limited to, the potential for
resource expansion; 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.