BYN.V · 2018-01-09 12:00:00

Banyan Continues to Extend Hyland Main Zone Intersects 70.0 metres of 0.8 g/t Au and 6.6 g/t Ag from Surface

Drill Results

*The Hyland Main Zone Inferred Gold Resource, prepared in accordance with NI 43-101, at a 0.6 g/t gold equivalent ("AuEq")

cutoff, contains 12,503,994 tonnes with 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59 g/t for a

combined gold and silver 396,468 ounces gold equivalent at 0.99 g/t.

Banyan Continues to Extend Hyland Main Zone

Intersects 70.0 metres of 0.8 g/t Au and 6.6 g/t Ag from Surface

January 9, 2018 TSX-V: BYN

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

from the exploration drill holes of its 2017 Program at its 100% owned Hyland Gold P roject (the

“Property”) in the Yukon’s preeminent Selwyn Basin District.

The results from holes HY17-070 to HY17-075 continue on the successful process of testing for and

building out gold ounces within the Main Zone gold+silver target while extending the known Main Zone

mineralization north of the existing Resource*. Highlighted results from these drill holes include:

• 70.0m of 0.8 g/t Au and 6.6 g/t Ag from surface in HY17-075

o Including 12.2 m of 3.1 g/t Au and 3.9 g/t Ag from 38.1m

Tara Christie, President & CEO, stated “Diamond drill hole HY17-072 was the most northerly hole

from the 2017 campaign and succeeded in demonstrating gold+silver mineralization continues more

than 300m north of the 2012 Main Zone resource. The Company believes these results , when

combined with the 2016 and 2017 drill data, will add to a meaningful updated Hyland Main Zone

Resource, which is currently underway.”

These drill holes of the 2017 program targeted anomalous gold+silver mineralization uncovered by

early program surface trenches, north of the Main Zone. D rill holes HY17-070 and HY17-071 defined

mineralization to the north following the upper limb of the interpreted antiform. HY17-072 was a 150m

step-out hole north from other 2017 drilling and approximately 300m north from the historic Main Zone

Resource* and has established Main Zone like grades including 0.4g/t Au and 0.1g/t Ag over 13.9m .

All holes intercepted anomalous gold- silver mineralization in the interpreted upper and lower limbs of

the hosting antiform al structure related to sulphide-bearing, siliceous altered rocks, typical of

mineralization observed in the Main Zone.

HY17-075 was the last hole of the 2017 season and drilled from the same location as HY17- 074 but

with an azimuth of 355° to intersect interpreted mineralized structures. The new orientation proved

successful and provided additional mineralization control information with respect to surface trench

results as evidenced by the presence of anomalous gold+silver mineralization over 70m of the core

length, with higher -grade intervals at the top and bottom indicative of the mineralized limbs of the

antiform.

The full results from the se four drill holes are provided in the following table. Maps with drill- hole

locations and sections can be found on the Company’s website

(http://www.banyangold.com/projects/hyland/).

Hole # Comment From (m) To (m) Width (m) Au (g/t) Ag (g/t)

HY17-070 0 39 39.0 0.4 5.1

incl. 1.5 3.1 1.6 2.4 7.9

and incl. 27.4 29.0 1.6 1.2 7.6

HY17-071

incl. 0 9.1 9.1 0.5 23.3

which incl. 4.6 6.1 1.5 1.6 34.6

HY17-072 88.6 102.68 13.9 0.4 0.1

incl. 96.5 98.5 2.0 1.1 <0.5

HY17-075 0 70.0 70.0 0.8 6.6

incl. 3.1 5.3 2.2 1.2 11.4

and incl. 38.1 50.3 12.2 3.1 3.9

which incl. 38.1 41.2 3.1 5.3 4.3

and incl. 62.5 68.6 6.1 1.7 41.9

Lengths above are drill intervals. True widths are estimated to be over 80% of drilled lengths. Holes HY17-073 &

074 were dedicated holes for metallurgy and were not assayed.

The 2017 Hyland exploration program was completed at the end of September and culminated with a

total of 3,8 50m of diamond drilling from 25 drill holes focused on in -fill, step -out exploration and

dedicated metallurgical drilling concentrated on the Main Zone gold- silver mineralization. This year’s

exploration efforts were focused on increasing confidence in the Main Zone Resource* model as well

as targeting resource expansion via testing the northern portion of the Main Zone, a previously un der-

tested zone prospective for the continuation of the Main Zone gold-silver mineralization.

Camp Zone Trench Results

In addition to the Main Zone Exploration program, two trenches of 44m and 180m, respectively were

completed in an area 1.2km north of the northern most drill hole at the Main Zone (results in table

below) following up on Trench CZ- 16-01 from the 2016 exploration program that returned 96m of

0.64g/t Au from 0 to 96m, including 56m of 1.03g/t Au from 0 to 56m. This area, termed the Camp

Zone, lies along a northerly trending gold-arsenic anomaly that extends 2.5km from the southern end

of the Main Zone and past the Camp Zone to the north. This trend contains scattered anomalous gold

geochemical results, and recent trenching was successful including 5.2g/t Au and 1.2g/t Ag over 2m in

Trench CZ17-04 which is similar to results from 2016 Camp Zone trenching , and along with results

from Trench CZ17-03 indicates a strike length of at least 200m.

Trench # Comment From (m) To (m) Width (m) Au (g/t) Ag (g/t)

CZ17-03 4.0 12.0 8.0 0.39 <0.005

CZ17-04 8.0 14.0 6.0 0.39 0.517

104.0 106.0 2.0 1.28 <0.005

144.0 152.0 8.0 2.25 0.488

incl. 146.0 148.0 2.0 5.2 1.2

Upcoming Events

Banyan will be giving a technical presentation on the Hyland Gold Project at the GAC C ordilleran

Section “Exploration Series” at 8:20 am on Tuesday January 9 th, 2018 at the Discovery Center,

Geological Survey of Canada 1500-605 Robson Street. Geologist Leif Bjornson, M.Sc., P.Geo. will be

presenting.

Banyan will also have a booth at the Vancouver Resource Investment Conference on January 21-22,

2018 (Booth 312) and a Booth at the Core Shack at the AMEBC Roundup on January 23-24, 2018

(Booth 720).

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 and trench samples collected from the Hyland Gold program were analyzed at Bureau

Veritas Minerals of Burnaby, B.C. utilizing the four acid digestion ICP -MS 35 -element MA300

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 at the Hyland Gold Project. 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- part sample tag inserted within. All these samples were delivered

by Bany an personnel or a dedicated expediter to the Bureau Veritas, Whitehorse

preparatory laboratory where samples are prepared and then shipped to Bureau Veritas’s Analytical

laboratory in Burnaby, B.C. for pulverization and final chemical analysis. A robust system of standards

was implemented in the 2017 exploration drilling program and are monitored as chemical assay data

become available.

About Banyan Gold

Banyan is a 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 Hyland Main Zone Inferred Gold Resource Estimate, prepared in accordance with NI 43 -101, at a

0.6g/t gold equivalent cutoff, contains 12,503,994 tonnes with 361,692 ounces gold at 0.9g/t and

2,248,948 ounces silver at 5.59g/t for a combined gold and silver 396,468 ounces gold equivalent at

0.99 g/t.

The 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 mineralization 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 opportuniti es 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.

!(!(

!(!(!( !(

!( !(

!(!(

562400

562600

562800

563000

563200

6708000

6708200

6708400

6708600

6708800

6709000

HY17-074*/5

HY17-071

HY17-072

HY17-070

^_HY17-073*

Main Zone

Hyand Gold Project

Geology (after R. Carne, 2002)

Dark Limestone

Green-black Phyllite

Fine-med grained Quartzite

Platy/silty Limestone

Interbedded Phyllite

Fault, thrust, normal

Contacts

Antiform/Synform

( ( 4 4

Legend

2017 Trench sample

Historic trench

2017 drill hole

Historic drill hole

* Metallurgical hole

Outline of 2012

Resource

0.73g/t Au over 66.6m

0.28g/t Au over 21.0m

0.93g/t Au over 54.0m

0.41g/t Au over 39.0m

0.49g/t Au over 48.8m

562600 E562600 E

562700 E562700 E

562800 E562800 E

562900 E562900 E

563000 E563000 E

1000 RL 1000 RL

1100 RL 1100 RL

1200 RL 1200 RL

1300 RL 1300 RL

HY17-065

126.5 m

HY17-068

137.2 m

HY17-069

102.1 m

HY17-070

201 m

PDH-90P-30

102.1 m

Banyan Gold Corp

Hyland Gold Project

Section 6708800N

Looking North

0.84g/t Au over 70.0m

0.27g/t Au over 31.4m

1.32g/t Au over 5.6m

0.78g/t Au over 14.4m

6708300 N6708300 N

6708400 N6708400 N

6708500 N6708500 N

6708600 N6708600 N

1000 RL 1000 RL

1100 RL 1100 RL

1200 RL 1200 RL

1300 RL 1300 RL

DDH-88-P-2

93.3 mDDH-88-P-3

100.6 m

HY16-50

144.8 m

HY17-053

219.5 m

HY1

7-075

83.5 m

Banyan Gold Corp

Hyland Gold Project

Section 562830E

Looking West

0.24g/t Au over 44.1m

0.33g/t Au over 32.0m

057g/t Au over 1.12m

562600 E562600 E

562700 E562700 E

562800 E562800 E

562900 E562900 E

563000 E563000 E

1000 RL 1000 RL

1100 RL 1100 RL

1200 RL 1200 RL

1300 RL 1300 RL

HY-04-17

176.2 m

HY17-066

135 m

HY17-071

138.7 m

Banyan Gold Corp

Hyland Gold Project

Section 6708850N

Looking north

← Back to feed