Banyan Gold Intersects 1.88 g/t Gold over 17.9 Metres in the Gap Between Airstrip and Powerline, and Identifies High-Grade Gold in Airstrip Footwall at AurMac, Yukon, Canada

Banyan Gold Corp. (BYN) released results on October 6, 2026, detailing drill intersections from the Airstrip Deposit and the gap between Airstrip and Powerline at the AurMac Project, an open-pit target. The company stated that the findings highlight higher-grade, near-surface mineralization in the largely undrilled gap, as well as additional high-grade Airstrip horizons outside the current conceptual pit boundary, which support resource confidence ahead of the Q4 2026 Preliminary Economic Assessment.

Key intercepts from the program include:

• AX-26-942 (gap): 1.01 g/t Au over 36.1 m from 9.0 m, including 1.88 g/t Au over 17.9 m from 27.2 m and 28.70 g/t Au over 0.8 m. Also 30.0 m @ 0.19 g/t, 2.5 m @ 0.80 g/t, 1.1 m @ 1.05 g/t deeper.
• AX-26-729 (Airstrip footwall): 1.19 g/t Au over 12.1 m from 67.1 m, including 5.59 g/t over 2.0 m and 10.10 g/t over 0.9 m.
• AX-26-730 (Airstrip footwall, Cal 2 horizon): 6.79 g/t Au over 3.3 m from 42.7 m, including 9.90 g/t over 1.0 m and 13.50 g/t over 0.8 m.
• AX-26-897: 0.66 g/t over 5.6 m; 0.96 g/t over 27.5 m (incl. 4.12 g/t over 5.1 m); 0.36 g/t over 10.0 m.
• AX-26-898: 0.47 g/t over 30.4 m; 0.35 g/t over 10.2 m.
• AX-26-899: 0.36 g/t over 25.2 m; 0.84 g/t over 5.4 m; 5.76 g/t over 1.7 m (incl. 19.10 g/t over 0.3 m).

A footnote to the release indicates that holes AX-26-729 and -730 were drilled in 2025 and only analyzed in 2026.

Banyan Gold Corp. (BYN) issued a drill-results release, with financials provided as prior-period context rather than disclosed in today’s announcement. The company is a well-funded, pre-development explorer holding an 8.62 moz Au MRE. It holds approximately C$90M+ in cash following financings of $46.5M in May 2026 and $54.3M in September 2026, with a Preliminary Economic Assessment (PEA) due in Q4 2026.

The equity tripled from its October 2025 lows, driven by resource growth, a silver discovery, and high-grade results in August. However, the stock has remained flat since the August 17 anchor point of approximately $1.84 (currently ~$1.89) and has drifted down from $2.12. The market is not currently pricing in a repeat of 13 g/t across the gap.

The results confirm that mineralization extends into the gap and identify new footwall horizons, representing mild resource-expansion positives. However, the release adds no new grade, material tonnage, or economics.

Banyan Gold Corp. (TSXV:BYN; OTCQB:BYAGF) holds a flagship AurMac Project in the Yukon, characterized by sheeted quartz veins and skarn replacement within an open-pit constrained mineral resource estimate effective May 15, 2026. The resource includes Indicated resources of 3.639 moz Au (167.3 Mt @ 0.68 g/t) and Inferred resources of 4.985 moz Au (267.2 Mt @ 0.58 g/t), totaling approximately 8.62 moz at a 0.30 g/t cut-off, based on a US$3,500/oz pit shell and 90% Au recovery. The 303 sq km property features road, power, and cell access, located 40 km from Mayo.

The company’s Hyland Project contains Indicated resources of 337 koz Au and 2.63 moz Ag, alongside Inferred resources of 118 koz Au and 0.86 moz Ag, effective September 1, 2025. Grassroots exploration at the Nitra and Seattle-Goodman Creek properties, covering approximately 530 sq km, resulted in the Roaring Fork and Seattle Creek discoveries during a 2026 greenfield program exceeding 7,500 m of drilling.

Banyan Gold expanded its land package to approximately 720 sq km through the Trail-Minto purchase in December 2025 and the Generic Gold portfolio acquisition in June 2026. The balance sheet shows no revenue and a net loss of C$5.50M for the nine months ended June 30, 2026. Cash stood at C$57.4M at June 30, 2026, with further capital raised via a C$54.3M placement in September 2026 at C$2.00 per share. Working capital was approximately C$55.5M prior to the September placement. The company carries no debt and has approximately 473 million shares outstanding post-September. Strategic holders include Alpayana, holding approximately 8.6%, and Franco-Nevada, which joined as a holder in September 2026.