Extensive Silver Targets Identified by Banyan Gold at AurMac, Yukon, Canada

The news release dated January 20, 2026, details the identification of extensive silver targets at the AurMac Project in Yukon. Banyan has identified a North-East trending corridor measuring 3 km wide by 2 km along strike, hosting "Keno-style" silver mineralization. Key drill results include hole AX-25-749 (12.3m of 77.22 g/t Ag) and AX-25-727 (34.3m of 38.66 g/t Ag). The company has reported over 15 successful silver vein intersections, many within 100 meters of the surface. This follows a high-grade discovery in late 2025 (1,841 g/t Ag over 16.8m). Management intends to integrate these targets into future exploration to identify potential extensional zones and connectivity between discrete veins.

• Secondary Commodity Diversification: While Banyan’s core value is its 7.7 Million ounce (Moz) gold resource, the confirmation of a 3km x 2km silver corridor adds a significant polymetallic dimension to the project. This could potentially enhance the economics of a future Preliminary Economic Assessment (PEA) by providing silver by-product credits.
• Exploration Continuity: The results confirm that high-grade silver is not isolated but part of a larger structural system. However, the silver grades (outside of the bonanza 2025 hole) are relatively modest compared to pure silver plays, suggesting silver is currently a secondary value driver.
• Near-Surface Advantage: Most intersections are within 100m of the surface, which is critical for maintaining a low strip ratio if these zones are incorporated into the existing open-pit gold model.
• Incremental Value: This news is positive but not a "game changer" compared to the 100% project earn-in or the strategic investment by Alpayana S.A.C. It validates the "Keno-style" geological model but does not yet establish a standalone silver resource.

Banyan Gold is focused on the AurMac Project in the Mayo Mining District, Yukon. The project is strategically located near Victoria Gold’s Eagle Gold Mine and is transected by the main highway and a three-phase power line. - Flagship Project: AurMac Project (includes Airstrip and Powerline deposits). - Current Resource: 2.274 Moz Gold (Indicated) and 5.453 Moz Gold (Inferred) at approximately 0.60-0.63 g/t Au. - Ownership: 100% interest (Acquired/Earned-in as of Sept 2025 from the Victoria Gold receivership). - Royalties: Subject to a Net Smelter Return (NSR) royalty, which can be reduced from 6% to 1% for a $10M payment.