Banyan Gold Extends Airstrip and High-Grade Mineralization to 350m Vertical Depth, Yukon, Canada

Executive Summary

• Banyan Gold reported high‑grade gold intercepts from deep drilling at the Airstrip Deposit, including 1.37 g/t Au over 38 m (with a 15.87 g/t Au over 2.2 m interval) at ~350 m vertical depth.
• Additional holes (AX‑25‑799 and AX‑25‑807) returned multiple high‑grade intervals, notably 7.04 g/t Au over 6 m and 29.30 g/t Au over 1.4 m, indicating the Airstrip target remains open down‑dip and at depth.
• The results suggest potential for expanding the existing pit‑constrained mineral resource estimate and extending the conceptual pit boundary toward the Powerline deposit.

Key Details

• Hole AX‑25‑817 (Airstrip Deep Target)
• 1.37 g/t Au over 38.0 m
• High‑grade interval: 15.87 g/t Au over 2.2 m

• Located ~350 m down‑dip from previous intersections; depth ≈350 m vertical.

• Hole AX‑25‑799

• 7.04 g/t Au over 6.0 m within a broader zone of 0.68 g/t Au over 125.5 m

• High‑grade interval: 29.30 g/t Au over 1.4 m

• Hole AX‑25‑807

• 1.93 g/t Au over 10.4 m and 1.00 g/t Au over 36.1 m within a broader zone of 0.64 g/t Au over 145.5 m

• True width adjustments:

• AX‑25‑817 true widths ≈95 % of reported drill widths.

• AX‑25‑799 & AX‑25‑807 true widths ≈70 % of reported drill widths.

• Interpretation / Outlook

• High‑grade skarn mineralization at depth may be linked to a deep‑seated magmatic source.
• Intersections could convert waste blocks, extend the Airstrip conceptual pit wall, and potentially link Airstrip with the Powerline deposit.

• The drill program follows up on AX‑23‑456 (≈450 m vertical depth) and aims to test continuity of calcareous metasedimentary horizons at depth.

• Qualified Person

• Duncan Mackay, M.Sc., P.Geo., VP Exploration, reviewed and approved the data under NI 43‑101.

• Upcoming Investor Events (for stakeholder engagement)

• 121 Mining Investment & African Mining Indaba – Cape Town, Feb 9‑12
• BMO Global Metals, Mining & Critical Minerals Conference – Hollywood, FL, Feb 22‑25
• Metals Investor Forum – Toronto, Feb 27‑28
• Corporate Presentation – Feb 27, 6:00 PM ET
• Banyan Yukon Breakfast – Toronto, Mar 2, 7–9 AM EST
• PDAC Exhibition – Toronto, Mar 1‑4 (Booth 2213)

Notable Quotes

• “High grade mineralization in deep hole AX‑25‑817 highlights the promising exploration targets at depth…potentially associated with a deep‑seated magmatic source.” – Tara Christie, President & CEO
• “These holes show there is potential for additional mineralization in multiple calcareous metasedimentary horizons…extend the conceptual pit and present promising exploration targets at depth.” – Duncan Mackay, VP Exploration