Banyan Gold appoints Langlois as VP, strategy

Executive Summary

• Banyan Gold Corp. appointed Patrick Langlois as Vice President, Strategy and Corporate Development, effective March 30, 2026, leveraging his 25+ years of mining M&A and capital markets experience.
• The company provided an active exploration update for its AurMac project, reporting five drill rigs on site with 5,749 metres drilled to date in the 2026 program.
• The release includes updated Mineral Resource Estimates for the AurMac, Hyland, and Nitra projects, alongside a grant of 850,000 stock options to employees and consultants.

Key Details

• Management Appointment: Patrick Langlois appointed VP, Strategy and Corporate Development; previously served as CFO and VP, Corporate Development at Probe Gold Inc. (2015–2026); executed over $1.3 billion in mining/resource M&A, including Probe Gold’s $780 million sale to Fresnillo PLC (Jan 2026), Goldcorp’s acquisition of Probe Mines (2015), and Wesdome’s acquisition of Angus Gold (2025).
• Exploration Update: 2026 drilling program at AurMac is underway with 5 drill rigs operating; total advance stands at 5,749 metres.
• Option Grant: 850,000 stock options granted to consultants and employees; exercise price of $1.10 per share; 18-month vesting period; 5-year term; issued under the company’s stock option plan.
• AurMac Project MRE (Effective June 28, 2025): Indicated: 2,274,000 oz Au (112.5 Mt @ 0.63 g/t); Inferred: 5,453,000 oz Au (280.6 Mt @ 0.60 g/t). Property spans 303 sq km, located 40 km from Mayo, Yukon, with access to 3-phase power, existing power station, and cell coverage.
• Hyland Project MRE (Effective Sept 1, 2025): Indicated: 337,000 oz Au & 2.63M oz Ag (11.3 Mt @ 0.93 g/t Au, 7.27 g/t Ag); Inferred: 118,000 oz Au & 860,000 oz Ag (3.9 Mt @ 0.95 g/t Au, 6.94 g/t Ag). 125+ sq km land package in the Tintina gold belt.
• Nitra Project: Grassroots exploration property in the Mayo mining district, ~10 km west of AurMac. Covers 313.9 sq km, 100% owned. Geology includes metaclastic rocks of the Late Proterozoic Yusezyu formation and Middle Cretaceous Tombstone Plutonic suite intrusions.
• Upcoming Events: Natural Resource Stock Expo (Atlanta, May 1–2); Canaccord Genuity 5th Annual Global Metals & Mining Conference (Henderson, NV, May 19–21); The Rule Symposium (Boca Raton, FL, July 6–10); Invest Yukon Property Tours (July 12–15).
• Qualified Person: Duncan Mackay, MSc, PGeo, VP Exploration, verified all sampling, analytical, and test data per NI 43-101.

Notable Quotes

• Tara Christie, President & CEO: "We are delighted to welcome Patrick to the Banyan Gold team. His appointment further strengthens our management team, and his extensive strategic experience will be instrumental as we advance the AurMac project and continue building Banyan into a leading Canadian gold development company."
• Patrick Langlois, VP, Strategy and Corporate Development: "Banyan represents a compelling opportunity with one of Canada's largest undeveloped gold projects at AurMac. The company has significant exploration upside and growth potential, with a preliminary economic assessment (PEA) expected in the second half of 2026 to establish key economic benchmarks."