CORRECTION: Banyan Gold Continues to Intersect Visible Gold and High-Grade Mineralization in Powerline, Yukon, Canada

Executive Summary

• Banyan Gold Corp. announces high-grade gold mineralization and visible gold intersections at the Powerline Deposit within its AurMac Project in Yukon, Canada.
• The release highlights significant intercepts from the 2025 drill program, including high-grade intervals up to 19.90 g/t Au over 1.5m, demonstrating continuity of mineralized domains and potential for resource expansion beyond current conceptual pit boundaries.
• The company notes that its 2026 drill program is currently underway with five drills on-site, anticipating an active news cycle in the coming months as 2025 results are finalized.

Key Details

• AX-25-801: 1.70 g/t Au over 5.8m, within 0.79 g/t Au over 20.4m; includes high-grade interval of 14.10 g/t Au over 0.4m.
• AX-25-814: 1.57 g/t Au over 6.6m, within 0.39 g/t Au over 98.6m.
• AX-25-819: 1.82 g/t Au over 26.2m and 4.64 g/t Au over 7.7m, within 1.06 g/t Au over 49.6m; includes high-grade interval of 19.90 g/t Au over 1.5m.
• AX-25-821: 2.10 g/t Au over 14.0m and 5.08 g/t Au over 5.0m.
• Geological Context: Visible gold is frequently associated with high-grade intervals, though heterogeneous distribution in core and lab processing means not all visible gold instances are reflected in assay results.
• Resource Potential: High-grade mineralization in AX-25-819 and -821 has the potential to extend mineralized domains below the conceptual pit boundary from the 2025 Mineral Resource Estimate (MRE). Mineralization in AX-25-801 has the potential to convert waste blocks and flatten the conceptual pit floor.
• Drill Program Status: The 2026 drill program is underway with five drills on-site.
• Mineral Resource Estimate (AurMac Project - Effective June 28, 2025):
  • Indicated: 2.274 Moz Au (112.5 M tonnes at 0.63 g/t).
  • Inferred: 5.453 Moz Au (280.6 M tonnes at 0.60 g/t).
  • Powerline Deposit Specifics (Indicated): 84.8 M tonnes at 0.61 g/t Au (1.663 Moz).
  • Powerline Deposit Specifics (Inferred): 270.4 M tonnes at 0.60 g/t Au (5.208 Moz).
• Analytical Method: Samples analyzed by Bureau Veritas using four-acid digestion ICP-ES (MA-300/MA-250) with Fire Assay AAS finish (FA-450). High-grade samples (>10 g/t Au) re-analyzed by gravimetric finish (FA-550). Metallic screen fire assay (FS-652) used for samples with documented visible gold.
• Qualified Person: Duncan Mackay, M.Sc., P.Geo., Vice President Exploration for Banyan Gold Corp.

Notable Quotes

• "The continued discovery of high-grade mineralization, which is often associated with visible gold, demonstrates the continuity of the mineralized domains and emphasizes the high-grade potential in the core of the Powerline Deposit," said Tara Christie, President and CEO. "Our drill program for 2026 is underway with five drills on-site. As we continue to receive results from the 2025 drill program, we anticipate an active news cycle in the coming months."