Ms. Tara Christie reports

BANYAN GOLD STRENGTHENS ITS MANAGEMENT TEAM, APPOINTS PATRICK LANGLOIS AS VICE PRESIDENT, STRATEGY AND CORPORATE DEVELOPMENT

Banyan Gold Corp. has appointed Patrick Langlois as vice-president, strategy and corporate development, effective today, March 30, 2026.

Mr. Langlois is a senior mining executive with more than 25 years of experience in corporate development, strategy, capital markets, and mergers and acquisitions (M&A). Most recently, he served as chief financial officer and vice-president, corporate development, at Probe Gold Inc. (2015 to 2026). His background includes senior roles with leading Canadian investment banks and board experience with publicly traded companies.

Mr. Langlois has executed over $1.3-billion of mining and resource M&A transactions, focused on the gold sector. Notable transactions include the sale of Probe Gold to Fresnillo PLC for $780-million in January, 2026, the acquisition of Probe Mines by Goldcorp Inc. in 2015, and the sale of Angus Gold Inc. to Wesdome Gold Mines Ltd. in 2025.

"We are delighted to welcome Patrick to the Banyan Gold team. His appointment further strengthens our management team, and his extensive strategic experience will be instrumental as we advance the AurMac project and continue building Banyan into a leading Canadian gold development company," stated Tara Christie, president and chief executive officer. "With Patrick's expertise, Banyan is well positioned to evaluate and execute opportunities that enhance shareholder value."

"Banyan represents a compelling opportunity with one Canada's largest undeveloped gold projects at AurMac. The company has significant exploration upside and growth potential, with a preliminary economic assessment (PEA) expected in the second half of 2026 to establish key economic benchmarks," said Patrick Langlois, vice-president, strategy and corporate development. "The strength and clarity of Tara's leadership, combined with the quality of the asset, were key factors in my decision to join the team, and I look forward to unlocking shareholder value."

Mr. Langlois will work closely with chief executive officer Tara Christie, assuming responsibility for corporate strategy and corporate development, leveraging his extensive experience across the mining industry and capital markets.

Exploration update

The 2026 exploration program at AurMac is under way with five drills operating at site with 5,749 metres drilled to date.

Grant of options

The board of directors of the company have granted 850,000 stock options to purchase 850,000 shares at an exercise price of $1.10 per share with a vesting period of 18 months with a five-year term.

The stock options are being issued to consultants and employees of the company. The options were granted under and are subject to the terms and conditions of the company's stock option plan.

Upcoming events

• Natural Resource Stock Expo, Atlanta, Ga., May 1 to May 2;
• Canaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, Nev., May 19 to May 21;
• The Rule Symposium, Boca Raton, Fla., July 6 to July 10;
• Invest Yukon Property Tours, July 12 to July 15.

Qualified person

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.

About Banyan

Banyan's primary asset, the AurMac project is located in the Traditional Territory of First Nation of Na-Cho Nyak 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 2,274,000 ounces of gold (Au) (112.5 million tonnes at 0.63 gram per tonne) and an inferred mineral resource of 5,453,000 ounces 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 National Instrument 43-101). The 303-square-kilometre AurMac project lies 40 km 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 km), accessible by a network of existing gravel access roads. The updated MRE comprises an indicated mineral resource of 337,000 (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 118,000 oz of Au and 860,000 oz 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 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. The property is 100 per cent owned and operated by Banyan and covers approximately 313.9 square km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and four-by-four roads.

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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