Ms. Tara Christie reports

BANYAN GOLD COMMENCES GREENFIELDS DIAMOND DRILLING AT NITRA PROJECT, YUKON

Banyan Gold Corp. has commenced the 2026 greenfields exploration diamond drilling program at its Nitra project in the Tombstone gold belt, Yukon. The helicopter-supported diamond drill program is intended to expand Banyan's exploration pipeline and identify potential satellite deposits in the highly prospective greenfields zones surrounding the AurMac deposit:

• Two diamond drills at Nitra focused on advancing and testing drill targets identified through geophysical surveys and surface work. Seven thousand five hundred plus metres are allocated to testing regional targets, with the treasury to support upsizing with exploration success.
• Geophysical surveys and surface work to expand regional data sets with a primary focus on discovery of additional expressions of reduced intrusion-related gold systems (RIRGs).

"We're excited to start up our 2026 greenfields diamond drilling program," said Duncan Mackay, vice-president of exploration. "Our technical team has leveraged our extensive regional data sets and geophysical coverage to identify highly prospective targets. The 10 targets we have identified in Nitra and the broader AurMac property carry the exploration signature for RIRGs. We see significant opportunity to potentially add satellite deposits to the exploration pipeline in the area around the AurMac deposit."

"Greenfields exploration is how we build the next chapter of value at AurMac," said Tara Christie, president and chief executive officer of Banyan. "With a fully funded treasury and over 95 per cent of our district-scale land package untested by drilling, Nitra represents exactly the kind of discovery opportunity that can extend our pipeline well beyond the existing large gold resource."

Regional targets have been identified using new geophysical surveys in combination with soil sampling anomalies, knowledge of placer mining locations and prospecting. Approximately 7,500 metres of diamond drill budget for 2026 is allocated to testing RIRGs potential at these high-priority targets. Over 95 per cent of AurMac and Nitra has not been tested by drilling to date; the majority of exploration has been limited to surficial geochemical work and airborne geophysical surveys. The western portion of Nitra is approximately 20 kilometres southeast of Sitka Gold's RC gold project, within the prolific Tombstone gold belt which hosts the Brewery Creek deposit, Snowline Gold's Valley project, Prospector Metals' ML project, the Eagle mine and the Fort Knox mine.

AurMac drilling update

Drilling commenced for the 2026 season at the AurMac project in February and over 28,000 m has been drilled to date on the Airstrip and Powerline deposits.

Drilling is being complemented by geophysical surveys, continuing metallurgical work, geotechnical work and environmental surveys, along with engineering studies required for a preliminary economic assessment of the AurMac project in H2 2026.

Qualified persons

Duncan Mackay, MSc, PGeo, is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, 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

• July 6 to July 7, 2026: The Rule Symposium; Boca Raton, Fla.;
• July 12 to July 15, 2026: Invest Yukon Property Tours, Yukon.

About Banyan Gold Corp.

Banyan's primary asset, the AurMac project is located in the traditional territory of the First Nation of Na-Cho Nyak Dun, in Canada's Yukon Territory. The AurMac deposit comprises two main deposits, the Airstrip and Powerline deposits. Mineralization is characteristic of a reduced intrusion-related gold system, hosted in auriferous cross-cutting sheeted quartz veins and replacement style mineralization hosted in skarn horizons. The current mineral resource estimate (MRE) for the AurMac project has an effective date of May 15, 2026 (see news release of May 19, 2026), and comprises an indicated mineral resource of 3,639,000 ounces of gold (Au) (167.3 million tonnes at 0.68 gram per tonne) and an inferred mineral resource of 4,985,000 oz of Au (267.2 M tonnes at 0.58 g/t) (as defined in the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves incorporated by reference into NI 43-101). The 303-square-kilometre AurMac project lies 40 kilometres from Mayo, Yukon. The AurMac project is transected by the main Yukon highway and benefits from a three-phase powerline, existing power station and cell phone coverage.

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 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 square kilometres), accessible by a network of existing gravel access roads. The updated MRE comprises an indicated mineral resource of 337,000 ounces (oz) of gold (Au) and 2.63 million (M) oz of silver (Ag) (11.3 M tonnes at 0.93 g/t Au and 7.27 g/t Ag), and an inferred mineral resource of 118,000 oz of Au and 0.86 Moz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag) (as defined in the 2014 Canadian Institute of Mining Definition Standards for Mineral Resources and Mineral Reserves incorporated by reference into NI 43-101) effective Sept. 1, 2025, and with technical report filed on SEDAR+ on Oct. 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.

Banyan trades on the TSX Venture Exchange under the symbol BYN and is quoted on the OTCQB Venture Market under the symbol BYAGF.

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