BYN.V · 2022-09-06 12:00:00

Banyan Intersects 1.07 G/T GOLD over 45 Metres at Powerline Deposit, Aurmac Property, Yukon

Drill Results

BANYAN INTERSECTS 1.07 G/T GOLD OVER 45 METRES AT POWERLINE

DEPOSIT, AURMAC PROPERTY, YUKON

September 6, 2022 TSX-V: BYN | OTCQB: BYAGF

VANCOUVER, BC, September 6, 2022 – Banyan Gold Corp . (the " Company" or " Banyan")

(TSXV: BYN) (OTCQB: BYAGF) is pleased to announce the analytical results from thirty-six (36)

diamond drill holes completed during the Company’s 2022 exploration program at the Powerline

deposit (the “Powerline Deposit”) located on the Banyan’s AurMac Property.

Assay highlights include:

● 131.0 metres (“m”) of 0.41 g/t Au in AX-22-217

● 45.0 m of 1.07 g/t Au in AX-22-221

● 175.8 m of 0.57 g/t Au in AX-22-224

● 48.7 m of 0.61 g/t Au in AX-22-229

● 55.4 m of 0.49 g/t Au in AX-22-230

● 185.8 m of 0.43 g/t Au from surface in AX-22-231

● 109.7 m of 0.40 g/t Au in AX-22-234

● 96.0 m of 0.56 g/t Au from surface in AX-235

● 51.7 m of 0.61 g/t Au in AX-22-240

● 68.8 m of 0.82 g/t Au in AX-22-243

● 114.7 m of 0.40 g/t Au in AX-22-246

● 46.3 m of 0.69 g/t Au in AX-22-249

“The ongoing 2022 drill program continues to expand the gold mineralized footprint of the

Powerline and Aurex Hill Deposits on the AurMac Property,” Tara Christie, President & CEO of

Banyan stated. “With over 38,000 m of drilling now complete in 2022, consistent and widespread

gold mineralization from surface continues to demonstrate there is considerable expansion

potential of the Resources on the AurMac Property”

Results from these thirty-six ( 36) 2022 drill holes are consistent with previous exploration drill

results at the Powerline Deposit (see Table 1, Figures 1 and 2) and the areal extent of interpreted

gold mineralization from near/on-surface continues to be confirmed with each batch of assay

results received.

The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package

consisting of predominately schists, quartzites and limestones of the Late Proterozoic to

Cambrian Hyland Group. Gold mineralization here is chiefly associated with low angle quartz-

sulfosalt-arsenopyrite veins seen crosscutting all lithologies and is interpreted to be associated

with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin

gold deposits. A strong bismuth-gold association has been identified at AurMac and is currently

being utilized to establish exploration vectors over the Property.

Notable instances of visible gold identified from these holes are shown in Image 1. Additional

information is located on our website.

Image 1: Photographs of visible gold from:

A) AX-22-221: 72.7m to 73.7m – 29.7 g/t over 1.0m

B) AX-22-249: 121.6m to 122.5m – 14.8 g/t over 0.9m

C) AX-22-239: 195.5m to 196.8m – 5.37 g/t over 1.3m

D) AX-22-221: 78.2m to 78.7m – 4.8 g/t over 0.5m

Figure 1: East Powerline and Aurex Hill Drill Hole Locations showing historic, completed, and

proposed diamond drill holes.

Figure 2: West Powerline Drill Hole Locations showing historic, completed, and proposed

diamond drill holes.

Table 1: 2022 Highlighted Powerline Diamond Drill Analytical Results . (Maps, sections and

full assay results will be available on Banyan’s website).

Hole ID From (m) To (m) Interval (m*) Au (g/t)

AX-22-212 10.7 21.8 11.1 0.50

AX-22-214 10.7 44.7 34.0 0.46

and 121.2 132.3 11.1 0.80

AX-22-216 33.5 58.0 24.5 0.46

and 84.6 113.3 28.7 0.42

AX-22-217 73.2 204.2 131.0 0.41

AX-22-218 16.2 42.7 26.5 0.49

and 168.1 189.8 21.7 0.32

AX-22-219 13.7 59.8 46.1 0.36

AX-22-220 64.0 74.7 10.7 0.40

and 115.8 129.5 13.7 0.73

and 151.1 161.9 10.8 0.58

AX-22-221 57.1 102.1 45.0 1.07

and 120.6 126.5 5.9 0.87

and 146.3 198.1 51.8 0.30

AX-22-222 38.2 133.3 95.1 0.26

or 38.2 105.2 67.0 0.31

AX-22-223 21.3 173.7 152.4 0.37

AX-22-224 45.7 221.5 175.8 0.57

including 135.6 163.1 27.5 1.18

including 181.4 198.9 17.5 1.23

AX-22-225 59.4 111.3 51.9 0.31

and 134.8 155.4 20.6 0.29

AX-22-225A 16.8 33.2 16.4 0.70

AX-22-226 27.4 36.6 9.2 0.21

and 103.6 205.7 102.1 0.35

AX-22-227 24.4 199.6 175.2 0.24

AX-22-228 15.2 64.3 49.1 0.35

AX-22-229 56 65.4 9.4 0.43

and 81.4 84.4 3.0 0.63

and 137.2 185.9 48.7 0.61

AX-22-230 38.1 116.9 78.8 0.39

and 135.6 191.0 55.4 0.49

Hole ID From (m) To (m) Interval (m*) Au (g/t)

or 53.3 191.0 137.7 0.41

AX-22-231 18.4 204.2 185.8 0.43

AX-22-232 13.7 18.3 4.6 0.52

and 85.3 88.4 3.1 0.78

AX-22-233 18.3 24.4 6.1 0.47

and 106.4 146.8 40.4 0.29

AX-22-234 50.3 160.0 109.7 0.40

AX-22-235 13.7 109.7 96.0 0.56

and 152.1 166.1 14.0 0.54

AX-22-236 121.9 128.0 6.1 0.94

99.1 106.7 7.6 1.00

AX-22-237 59.6 161.5 101.9 0.25

or 59.6 65.5 5.9 0.30

and 86.9 108.8 21.9 0.31

and 114.6 138.7 24.1 0.44

and 149.2 161.5 12.3 0.27

AX-22-238 37.3 76.5 39.2 0.33

and 96.6 133.7 37.1 0.30

AX-22-239 33.0 71.2 38.2 0.25

and 130.3 160.0 29.7 0.43

and 184.2 196.8 12.6 0.90

AX-22-240 112.0 234.6 122.6 0.39

or 112.0 163.1 51.1 0.26

and 182.9 234.6 51.7 0.61

AX-22-241 45.7 92.2 46.5 0.21

and 144.8 189.0 44.2 0.23

AX-22-242 16.0 61.8 45.8 0.26

and 98.9 126.5 27.6 0.21

and 179.3 208.8 29.5 0.41

AX-22-243 100.6 169.4 68.8 0.82

and 195.6 247.8 52.2 0.53

AX-22-244 42.7 141.8 99.1 0.27

or 42.7 81.1 38.4 0.29

and 103.6 141.8 38.2 0.34

AX-22-245 42.7 104.1 61.4 0.20

and 126.8 164.1 37.3 0.82

and 197.3 217.9 20.6 0.53

Hole ID From (m) To (m) Interval (m*) Au (g/t)

AX-22-246 57.5 172.2 114.7 0.40

or 57.5 101.2 43.7 0.48

and 116.7 172.2 55.5 0.43

and 194.9 200.8 5.9 0.67

also 15.2 38.1 22.9 0.28

AX-22-247 8.5 120.4 111.9 0.35

or 8.5 50.3 41.8 0.49

and 64.0 83.8 19.8 0.45

and 96.0 120.4 24.4 0.31

and 150.9 172.2 21.3 0.23

AX-22-248 10.7 231.3 220.6 0.23

or 10.7 31.5 20.8 0.23

and 113.5 199.5 86.0 0.33

and 222.5 231.3 8.8 0.71

AX-22-249 18.3 48.5 30.2 0.30

and 76.2 122.5 46.3 0.69

and 129.5 171.5 42.0 0.27

and 185.9 195.9 10.0 0.72

*True widths are estimated to be approximately 90% of drilled intervals.

Table 2: Drill Collar Location for Released Results

Collar ID

East

NAD83_Z8

North

NAD83_Z8 Elev. (m) Azimuth Dip (°) Depth (m)

AX-22-212 467699 7083199 797 005 -63 197.5

AX-22-214 467804 7083098 804 007 -60 213.4

AX-22-216 467798 7082997 811 003 -62 227.7

AX-22-217 466704 7082801 769 356 -60 219.5

AX-22-218 467802 7082801 817 357 -58 221.0

AX-22-219 467801 7082902 815 006 -67 227.1

AX-22-220 467901 7082698 821 002 -61 201.2

AX-22-221 466803 7082802 773 356 -59 199.6

AX-22-222 467901 7083102 809 002 -57 198.4

AX-22-223 467901 7082901 820 358 -55 204.2

AX-22-224 466700 7082700 770 004 -59 242.3

AX-22-225 467900 7082999 816 004 -57 196.6

AX-22-225-A 467900 7082999 816 004 -57 59.4

AX-22-226 466699 7082599 777 358 -56 240.8

AX-22-227 468001 7082902 823 005 -58 201.2

AX-22-228 468005 7083091 819 359 -60 210.3

AX-22-229 467998 7082797 825 356 -58 245.4

AX-22-230 466813 7082697 774 357 -57 227.1

AX-22-231 468198 7082995 830 004 -56 208.8

AX-22-232 468000 7082690 831 359 -59 201.2

AX-22-233 468198 7083104 831 001 -58 207.3

Collar ID

East

NAD83_Z8

North

NAD83_Z8 Elev. (m) Azimuth Dip (°) Depth (m)

AX-22-234 466813 7082607 782 356 -58 249.9

AX-22-235 468003 7082996 820 007 -57 210.3

AX-22-236 468300 7083101 836 006 -62 207.9

AX-22-237 466923 7082599 791 358 -58 208.8

AX-22-238 468296 7082991 843 355 -62 229.5

AX-22-239 468192 7082708 845 357 -57 231.7

AX-22-240 466601 7082599 771 357 -59 323.1

AX-22-241 468305 7082798 856 357 -59 201.2

AX-22-242 468090 7082699 840 354 -55 208.8

AX-22-243 466599 7082704 765 354 -59 269.8

AX-22-244 468294 7082903 848 004 -57 214.9

AX-22-245 466596 7082800 759 359 -59 249.9

AX-22-246 466899 7082705 777 357 -62 213.4

AX-22-247 468198 7082900 840 000 -61 219.5

AX-22-248 466500 7082697 760 355 -61 246.9

AX-22-249 467002 7082803 783 004 -60 233.2

Upcoming Events

Banyan will be attending:

● Metals Investor Forum, Vancouver, British Columbia, September 9 – 10, 2022,

presentation September 9th at 12:10 pm PDT

● Precious Metals Summit, Beaver Creek, Colorado, September 13 – 16, 2022,

presentation September 14th at 3:15 PM MST

● GCFF Conference 2022 – Global Resource Investment Conference, Richmond, British

Columbia, September 24, 2022

● New Orleans Investment Conference, New Orleans, Louisiana, October 12 – 15, 2022

All events are subject to change.

2022 Exploration Program Update

Banyan started its 2022 exploration program on January 26, 2022. One hundred-fifty-five (155)

drill holes and over 38,000 m of drilling has been completed to expand the mineralization around

the Powerline Zone by 600 m to the east and 1,000 m west. The 2022 program will include 90%

of the drilling focused on expansion of the mineralization at Powerline and connecting Aurex Hill;

and 10% focused on testing high priority regional targets on the AurMac Property and Nitra

Property.

Analytical Method and Quality Assurance/Quality Control Measures

All drill core splits reported in this news release were analysed by Bureau Veritas Minerals of

Vancouver, BC utilizing the aqua regia digestion ICP-MS 36-element AQ200 analytical package

with FA450 50-gram Fire Assay with AAS finish for gold on all samples. All core samples were

split on-site at Banyan’s core processing facilities. Once split, half samples were placed back in

the core boxes with the other half of split samples sealed in poly bags with one part of a three-

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