Banyan Gold Strengthens Its Management Team, Appoints Patrick Langlois as Vice President, Strategy and Corporate Development

• The March 30, 2026 release announces the appointment of Patrick Langlois as Vice President, Strategy and Corporate Development, highlighting his 25 years of mining experience and over $1.3 billion in executed M&A transactions.
• The company reports operational progress on its 2026 AurMac exploration program, noting five active drill rigs and 5,749 meters completed to date.
• The Board approved an 850,000 stock option grant to employees and consultants at a $1.10 exercise price, with an 18-month vesting schedule and five-year term.
• Management outlined upcoming investor conference appearances from May to July 2026 and reiterated the target for a Preliminary Economic Assessment (PEA) in H2 2026.
• This release follows a consistent historical pattern of incremental drill updates, high-grade intercept announcements, and corporate housekeeping. It does not introduce new resource data, financing, or permitting milestones.

• The news is administrative and operational in nature. Hiring a VP of Strategy is a positive step for long-term corporate development but does not alter near-term valuation drivers or project economics.
• The drill meter update confirms the 2026 program is on schedule but lacks assay results or resource expansion data. The market has already priced in the 2026 drill ramp and H2 2026 PEA timeline.
• The $1.10 option grant is marginally dilutive but aligns with the current trading range. It does not represent a material capital event.
• Overall, the release is expected, incremental, and lacks genuinely new, market-moving information. It maintains the status quo rather than shifting the investment thesis.

• Banyan Gold Corp. is a Yukon-focused gold and silver exploration and development company.
• Flagship Asset: AurMac Project, located in the Mayo Mining District, Yukon. The project spans a contiguous 720 sq km land package following recent claim acquisitions.
• Resource Base: As of the August 2025 NI 43-101 technical report, AurMac hosts 2.274 million ounces of Indicated gold at 0.63 g/t and 5.453 million ounces of Inferred gold at 0.60 g/t.
• Project Focus: The company is executing a multi-rig drill program to expand high-grade zones, convert waste blocks to ore, and prepare a PEA targeted for H2 2026. Secondary assets include the Hyland Gold Project and Nitra Property.
• Royalty Structure: The core AurMac properties are subject to a 6% NSR, reducible to 1% for a $10 million payment. Additional claims carry 2% to 5% royalties. The Hyland project carries a 2.5% NSR with buyback provisions.