Mr. Tim Termuende reports

GEOPHYSICAL SURVEY CONDUCTED AT AURMAC GOLD PROJECT, YUKON

Banyan Gold has conducted a helicopter-supported Z-axis tipper electromagnetic (ZTEM) geophysical survey on the AurMac project in Yukon. Eagle Royalties Ltd. owns royalty interests ranging from 0.5 per cent to 2.0 per cent on certain claims which overlie a significant portion of the inferred resource outlined at the project.

According to the recent announcement, Banyan has contracted Geotech Ltd. to conduct the survey over an area of 234 square kilometres on the AurMac project, which hosts the Powerline and Airstrip deposits. Earlier this year, Banyan indicated that it had completed 15,000 metres (m) of a planned a 20,000-metre drill program and initiated enhanced metallurgical studies to support a planned PEA (preliminary economic assessment) expected to be completed by December, 2025. Banyan recently reported test recoveries of 93 per cent at Powerline and 90 per cent at Airstrip using multiple conventional mill processing options, including gravity recovery in combination with carbon in leach (CIL)/carbon in pulp (CIP) processes, and that work is continuing for flotation-leach.

About Eagle Royalties Ltd.

Eagle Royalties benefits from maintaining a strong treasury (currently in excess of $3.5-million) and holds a diverse portfolio of 38 royalty interests in Western Canada. Target commodities subject to royalties include a broad spectrum, including critical metals, precious metals, industrial minerals and diamonds. Its flagship royalty is associated with the AurMac project located in Yukon, operated by Banyan Gold Corp.

We seek Safe Harbor.