Ms. Tara Christie reports

BANYAN ANNOUNCES FRANCO-NEVADA SUBSCRIPTION FOR 10 MILLION SHARES IN PREVIOUSLY ANNOUNCED FINANCING

Banyan Gold Corp. has provided an update on its best efforts private placement and the non-brokered private placement previously announced on Sept. 20, 2026.

Franco-Nevada Corp. has subscribed for 8.25 million shares of the company pursuant to the offering and 1.75 million shares pursuant to the concurrent offering.

All other terms of the offering and the concurrent offering remain unchanged from the announcement news release dated Sept. 20, 2026.

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.

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. 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 (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.

Banyan also holds the Nitra gold project and 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 km. 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.

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