Banyan Intersects 1.16 G/T GOLD over 68.9 Metres at Powerline Deposit, Aurmac Property, Yukon

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BANYAN INTERSECTS 1.16 G/T GOLD OVER 68.9 METRES AT

POWERLINE DEPOSIT, AURMAC PROPERTY, YUKON

March 30, 2022 TSX-V: BYN | OTCQB: BYAGF

VANCOUVER, BC, March 30, 2022 – Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:

BYN) (OTCQB: BYAGF) is pleased to announce analytical results from twenty-one (21) diamond

drill holes completed during the Company’s 2021 exploration program at the Powerline deposit

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

Assay highlights include:

● 48.6 metres (“m”) of 0.51 g/t Au from 36.7 m in DDH AX-21-166

● 69.4 m of 0.63 g/t Au from 125.9 m in DDH AX-21-170

● 47.2 m of 0.50 g/t Au from surface (10.7 m) in AX-21-191

● 70.0 m of 0.65 g/t Au from surface (10.7 m) in AX-21-194

● 96.7 m of 0.86 g/t Au from 73.4 m in AX-21-197

● 81.9 m of 0.79 g/t Au from 32.5 m in AX-21-199

● 68.9 m of 1.16 g/t Au from surface (10.7 m) in AX-21-202

“These latest assay results from our 2021 drill program continues to show the extensive nature of

gold m ineralization around the Powerline Deposit on the AurMac Property and importantly,

continues to add to the interpreted geologic controls that will be used to update the AurMac Gold

Resource estimations during the second quarter.” Tara Christie, President & CEO of Banyan

stated. “We are looking forward to the remaining sixteen (16) holes from the 2021 program.”

Results from these twenty-one (21) drill holes are consistent with previous exploration drill results

at the Powerline Deposit (see Tables 1 to 3 and Figures 1 and 2). The areal extent of interpreted

gold mineralization from near/on -surface continues to expand with each batch of assay results

received (see Figure 1).

In 2021, step-out drilling to the east and west of the Powerline Deposit identified a near/on-surface

gold trend that is interpreted to have grade continuity over 1.2 kilometres of strike length (see

Banyan’s news release dated January 10, 2022). A section of this zone has been drilled at 25 m

centres, along cardinal and intercardinal directions, over a 200 m x 200 m area to test the

continuity of mineralization along strike and down dip, which will be used to refine the

geological/mineralization model of the Powerline Deposit in advance of an updated mineral

resource estimate the Company is planning to complete in Q2- 2022. Results from the Powerline

Deposit received to date are summarized separately in Table 2 and their locations a re shown in

Figure 2. Visible gold from four (4) of these holes is shown in Image 1.

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Image 1: Photographs of visible gold from:

A) AX-21-167: 173.7 m to 175.0 m – 1.17 g/t Au over 1.3 m

B) AX-21-170: 187.5 m to 188.5 m – 0.23 g/t Au over 1.0 m

C) AX-21-187: 96.4 m to 96.7 m – 24.4 g/t Au over 0.4 m

D) AX-21-194: 39.3 m to 39.9 m – 0.60 g/t Au over 0.5 m

A B

C D

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Figure 1: Powerline Drill Hole Locations and Drill Plan Map, showing historic, completed,

and proposed diamond drill holes.

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Figure 2: Powerline Drill Hole Locations of 25 m drill spacing

Table 1: 2021 Highlighted Powerline Diamond Drill Analytical Results. (Maps, sections and

full assay results are available on Banyan’s website).

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

AX-21-155 24.4 50.8 26.4 0.34

And 68.2 85.2 17.0 0.30

And 119.2 123.9 4.7 0.44

And 145.0 165.5 20.5 0.60

AX-21-158 67.1 77.2 10.1 0.42

And 108.2 132.6 24.4 0.36

And 158.0 159.5 1.5 1.66

And 193.8 198.6 4.8 1.61

AX-21-165 110.7 125.0 14.3 0.30

And 157.7 160.7 3.0 0.53

And 190.5 195.7 5.2 0.53

AX-21-166 36.7 85.3 48.6 0.51

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

AX-21-167 11.3 41.6 30.3 0.45

And 114.8 175.0 60.2 0.37

AX-21-168 39.6 48.2 8.6 0.35

And 79.3 86.6 7.3 0.89

AX-21-169 20.7 30.2 9.5 0.50

And 46.9 52.8 5.9 1.14

And 81.6 97.5 15.9 0.47

AX-21-170 13.7 195.3 181.6 0.44

Or 13.7 93.9 80.2 0.43

And 125.9 195.3 69.4 0.63

AX-21-174 97.5 111.3 13.8 0.33

AX-21-177 36.6 123.4 86.8 0.38

AX-21-180 10.7 29.0 18.3 0.96

And 53.3 70.1 16.8 0.54

And 76.2 93.0 16.8 0.31

And 121.9 134.1 12.2 0.35

And 174.5 192.0 17.5 0.29

AX-21-182 12.2 38.1 25.9 0.37

And 62.5 70.1 7.6 0.68

And 191.1 199.3 2.2 5.83

AX-21-185 15.2 22.8 7.5 0.38

And 33.3 43.8 10.5 0.37

And 60.2 73.2 13.0 0.41

And 100.5 120.4 19.9 0.42

And 174.3 193.3 19.0 0.33

AX-21-187 18.7 134.8 116.1 0.43

AX-21-191 10.7 57.9 47.2 0.50

And 91.1 115.8 24.7 0.62

And 182.9 190.0 7.1 0.58

AX-21-193 63.7 190.4 126.7 0.42

AX-21-194 10.7 80.7 70.0 0.65

And 202.1 205.8 3.7 1.04

AX-21-197 73.4 170.1 96.7 0.86

And 196.5 206.4 9.9 1.15

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

AX-21-199 32.5 114.4 81.9 0.79

And 144.8 152.1 7.3 1.08

And 171.7 204.2 32.5 0.75

AX-21-201 15.2 29.1 13.9 0.33

And 51.7 80.8 29.1 0.43

And 133.3 149.4 16.1 0.69

And 173.1 209.4 36.3 0.65

AX-21-202 10.7 79.6 68.9 1.16

And 153.0 179.2 26.2 0.60

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

Table 2: 2021 Highlighted Powerline Diamond Drill Analytical Results of 25 m drill spacing

along cardinal and intercardinal directions. (Maps, Sections and full assay results are

available on Banyan’s website).

Hole ID From (m) To (m) Interval (m) (8) Au (g/t)

AX-20-58 (1) 115.3 181.4 66.1 0.25

AX-20-59 (1) 6.8 48.5 41.7 1.40

AX-20-60 (1) 8.1 178.9 170.8 0.47

AX-21-91 (2) 77.7 135.5 57.8 0.64

AX-21-93 (3) 7.6 53.3 45.7 0.69

AX-21-95 (3) 119.9 172.2 52.3 0.70

AX-21-109 (4) 8.8 78.7 69.9 0.20

AX-21-111 (4) 6.4 96.0 89.6 0.50

AX-21-153 (6) 13.7 59.4 45.7 0.47

AX-21-156 (6) 10.4 55.6 45.2 0.62

AX-21-159 (5) 4.2 56.0 51.8 0.60

AX-21-162 (6) 7.5 46.6 39.1 0.54

AX-21-164 (6) 9.9 41.5 31.6 0.68

AX-21-167(7) 11.3 41.6 30.3 0.45

AX-21-170(7) 13.7 195.3 181.6 0.44

AX-21-173 (6) 4.6 30.5 25.9 0.62

AX-21-175 (6) 9.1 114.5 105.4 0.47

AX-21-177 (7) 36.6 123.4 86.8 0.38

AX-21-180 (7) 10.7 29.0 18.3 0.96

AX-21-182 (7) 12.2 38.1 25.9 0.37

AX-21-185 (7) 15.2 73.2 58.0 0.26

AX-21-187 (7) 18.7 134.8 116.1 0.43

AX-21-191 (7) 10.7 57.9 47.2 0.50

AX-21-194 (7) 10.7 80.7 70.0 0.65

AX-21-197 (7) 73.4 170.1 96.7 0.86

AX-21-199 (7) 32.5 114.4 81.9 0.79

AX-21-201 (7) 15.2 79.3 64.0 0.29

AX-21-202 (7) 10.67 79.6 68.9 1.16

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Notes:

(1) Previously released on April 21, 2021

(2) Previously released on June 21, 2021

(3) Previously released on August 23, 2021

(4) Previously released on September 8, 2021

(5) Previously released on January 10, 2022

(6) Previously released on February 21, 2022

(7) Holes released in this new release

(8) True widths are estimated to be approximately 90% of drilled intervals

Table 3: Drill Collar Location for Released Results

Collar ID

East

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

AX-21-155 467702 7082902 810 006 -59 225.55

AX-21-158 466997 7083303 787 357 -58 252.98

AX-21-165 466796 7083258 780 353 -60 208.79

AX-21-166 467703 7082510 820 359 -65 232.26

AX-21-167 467574 7083101 796 355 -59 226.16

AX-21-168 466753 7083255 777 360 -60 205.74

AX-21-169 467799 7082495 826 354 -63 222.78

AX-21-170 467474 7083077 794 004 -59 216.41

AX-21-174 466697 7083292 771 360 -73 205.74

AX-21-177 467503 7083026 795 360 -60 260.6

AX-21-180 467498 7083049 795 358 -61 242.32

AX-21-182 467496 7083074 794 001 -59 209.4

AX-21-185 467571 7083026 798 356 -60 207.26

AX-21-187 467428 7083171 790 007 -63 213.36

AX-21-191 467446 7083151 791 010 -61 219.46

AX-21-193 467200 7082599 802 002 -58 208.79

AX-21-194 467468 7083126 792 001 -63 207.26

AX-21-197 467498 7083175 792 360 -63 213.36

AX-21-199 467500 7083152 791 358 -61 213.36

AX-21-201 467547 7083048 796 358 -61 215.12

AX-21-202 467506 7083130 793 004 -60 217.02

Exploration Update – 2022 Program

The Company has planned an exploration program on the AurMac Property in 2022 that is

expected to include 30,000 m of diamond drilling, split between the Powerline Deposit and Aurex

Hill targets. Additional drill locations will be determined after a complete review of analytical results

is available. To date, forty (40) drill holes totaling approximately 9,000 m of the 2022 exploration

program have been completed.

Analytical Method and Quality Assurance/Quality Control Measures

All drill core splits reported in this news release were analysed at SGS Canada in Vancouver, BC

utilising their GE_IMS21B20 analytical package which comprises a two-acid aqua regia digestion

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followed by a 36-element ICP-MS scan, in conjunction with the GE_FAA30V5 30g Fire Assay with

AAS finish for gold on all samples. Samples with gold content exceeding the analytical thresholds

of this package were reanalysed utilising an additional 30g Fire Assay Gravimetric Finish (SGS

Package GO_FAG30V). 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 ot her half of split samples

sealed in poly bags with one part of a three -part sample tag inserted within. Samples were

delivered by Banyan personnel or a dedicated expediter to the SGS, Whitehorse preparatory

laboratory where samples are prepared and then sh ipped to SGS laboratory in Vancouver, BC

for pulverization and final chemical analysis. A robust system of standards, ¼ core duplicates and

blanks was implemented in the 2021 exploration drilling program and was monitored as chemical

assay data became available.

Upcoming Events

Banyan will be attending:

● 121 Las Vegas, March 30-31, 2022

● Mines & Money Connect – April 5-7, 2022

● Vancouver Resource Investment Conference – May 17-18, 2022

o Booth and Presentation

● PDAC 2022 – June 13-15, 2022

All events are subject to change.

COVID-19 Update

Banyan continues to take proactive measures to protect the health and safety of our Yukon

communities, our contractors and our employees from COVID 19. Exploration activities will

continue to have additional safety measures in place, regularly updated to follow and exceed all

the recommendations of Yukon’s Chief Medical Officer.

About Banyan

Banyan's primary asset, the AurMac Property is comprised of the Aurex and McQuesten

properties, as well as claims staked and owned 100% by Banyan Gold, and adjacent to Victoria

Gold's Eagle Gold Mine, in Canada’s Yukon Territory. The initial resource for the AurMac Property

of 903,945 oz Au (see Ta ble 1 below) was announced in May 2020. Our major strategic

shareholders include Franklin Gold and Precious Metals Fund, Osisko Development, and Victoria

Gold Corporation. Banyan is focused on gold exploration projects that have the geological

potential, size of land package and proximity to infrastructure that is advantageous for a mineral

project to have potential to become a mine. Our Yukon based projects both fit this model and our

objective is to gain shareholder value by advancing projects in our pipeline.

The 173 sq km AurMac Property lies 30 km from Victoria Gold's Eagle Project and adjacent to

the Keno Hill Silver District operated by Alexco Resource Corp. (“ Alexco”) and is highly

prospective for structurally controlled, intrusion related gold-silver mineralization. The property is

located adjacent to the main Yukon highway and just off the main access road to the Victoria Gold

open-pit, heap leach Eagle Gold mine. The AurMac Property benefits from a 3-phase powerline,

existing Yukon Energy Corp. sw itching power station and cell phone coverage. Banyan has

optioned the properties from Victoria Gold and Alexco, respectively, with a right to earn up to a

100% interest, subject to royalties.