Ms. Tara Christie reports

BANYAN ANNOUNCES $50 MILLION LIFE OFFERING AND CONCURRENT $8 MILLION PRIVATE PLACEMENT

Banyan Gold Corp. has entered into an agreement pursuant to which Canaccord Genuity Corp. has agreed to act as lead agent and sole bookrunner, for and on behalf of a syndicate of agents, in connection with a best effort private placement of up to 25 million shares of the company at a price of $2 per share, for gross proceeds of up to $50-million.

The offering is expected to close on or about Sept. 29, 2026, or such other date as the company and the agents may agree, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the conditional approval of the TSX Venture Exchange. Concurrently with the closing of the offering, the company also intends to issue up to eight million shares on a non-brokered private placement basis at a price of $2 per share, to raise additional gross proceeds of up to $8-million.

The net proceeds from the sale of the shares pursuant to the offering and concurrent offering will be used for advancement of the company's Yukon projects and general corporate and working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the shares to be issued pursuant to the offering will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 as amended and supplemented by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The shares sold pursuant to the offering will not be subject to a hold period pursuant to applicable Canadian securities laws. The shares sold pursuant to the concurrent offering will be subject to a statutory hold period expiring four months and one day following the date of issuance pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

Coming events:

• Precious Metals Summit, Beaver Creek, Sept. 22 to Sept. 25, 2026;
• Corporate presentation: Sept. 23 at 1:30 p.m. MDT;
• Denver Gold Forum, Colorado Springs, Sept. 27 to Sept. 30, 2026;
• The MoneyShow, Orlando, Oct. 5 to Oct. 7, 2026.

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 project comprises two main deposits: the Airstrip and Powerline deposits.

In addition to the AurMac project, the company holds the Hyland gold project, located 70 kilometres northeast of Watson Lake, Yukon, along the southeastern end of the Tintina gold belt in the traditional territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.

Banyan also holds the Nitra gold project and the Seattle-Goodman Creek project, which are grassroots exploration projects located in the Mayo mining district, adjacent to the AurMac gold project. These properties lie in the northern part of the Selwyn basin and are 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 properties including the Morrison Creek and Minto Creek stocks. The properties are 100 per cent owned by Banyan and cover over 530 square kilometres. The properties are accessible by road along the Silver Trail Highway, South McQuesten Road and a network of other smaller roads across the properties.

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

We seek Safe Harbor.