Banyan Gold Files Amended AurMac Technical Report and Provides Hyland Project Update

• Banyan Gold Corp. has filed an amended technical report for its AurMac Property following a review by the British Columbia Securities Commission, with no changes to the resource estimate size or scope
• The company will file an updated technical report for the Hyland Project in the future, as the current mineral resource is considered stale-dated and not supported by compliant NI 43-101 standards
• The amended AurMac report includes enhanced disclosure on the Nitra Property, additional data verification information, and clarifications of qualified person consents
• Technical information from appendices has been integrated into the main report body, improving overall transparency and compliance with regulatory requirements
• The resource estimate for AurMac remains unchanged, providing continuity for investors while ensuring full regulatory compliance

Banyan Gold Corporation stands as a prominent player in the Canadian mining sector, trading on the TSX-Venture Exchange under the symbol "BYN" and quoted on the OTCQB Venture Market under "BYAGF." Led by President and CEO Tara Christie, the company has established itself as a focused exploration and development entity with significant mineral assets in Canada's prolific mining regions. The company's strategic approach centers on advancing high-quality gold projects through systematic exploration and development, with particular emphasis on maintaining rigorous technical standards and regulatory compliance. Banyan's commitment to transparency and professional execution has positioned it as a reliable investment vehicle for those seeking exposure to Canadian gold exploration opportunities.

Regulatory Compliance & Technical Report Amendments

The British Columbia Securities Commission's review of Banyan Gold's technical reports represents a routine but critical aspect of maintaining investor confidence and regulatory compliance in the mining sector. The commission's scrutiny led to the filing of an amended technical report for the AurMac Property, demonstrating the company's commitment to meeting the highest standards of disclosure and technical documentation.

The amended technical report, entitled "Technical Report AurMac Property Mayo Mining District," carries a date of May 23, 2025, with an effective date of February 6, 2025. This document was prepared by a team of qualified professionals including Dino Pilotto P.Eng, Marc Jutras P.Eng, M.A.Sc, and Deepak Malhotra PhD, QP, ensuring that the technical content meets industry standards and regulatory requirements.

The amendments serve multiple purposes in enhancing the quality and comprehensiveness of the technical disclosure. By incorporating additional information about the Nitra Property, the report provides a more complete picture of the project's scope and potential. The enhanced data verification section addresses concerns about the reliability and accuracy of the underlying geological and metallurgical information, while the clarifications regarding qualified person consents ensure that all technical opinions are properly attributed and authorized.

AurMac Property Technical Enhancements

The AurMac Property represents one of Banyan Gold's flagship assets, and the amended technical report significantly strengthens the documentation supporting this valuable resource. The integration of technical information from appendices into the main report body creates a more accessible and comprehensive document for investors and stakeholders to evaluate the project's merits.

One of the most significant aspects of the amended report is the confirmation that there are no changes to the size or scope of the AurMac resource estimate. This continuity provides reassurance to investors that the underlying geological understanding and resource quantification remain robust and unchanged. The amendments focus on improving disclosure quality and regulatory compliance rather than altering fundamental project economics or resource calculations.

The additional disclosure on the Nitra Property component of the AurMac project provides investors with a more complete understanding of the asset's full potential. This enhanced transparency allows for better informed investment decisions and demonstrates the company's commitment to comprehensive disclosure practices. The improved data verification procedures outlined in the amended report also strengthen confidence in the technical foundation underlying the resource estimate.

Hyland Project Status & Future Plans

The Hyland Project represents another significant component of Banyan Gold's asset portfolio, though it currently faces compliance challenges that the company is actively addressing. The acknowledgment that the mineral resource on Hyland is stale-dated and not supported by a compliant NI 43-101 technical report demonstrates the company's proactive approach to regulatory compliance and technical standards.

The decision to classify the Hyland mineral resource as unreliable until supported by an updated technical report reflects best practices in resource reporting and investor protection. This conservative approach, while potentially disappointing in the short term, ultimately serves to maintain credibility and ensure that all resource estimates meet current industry standards.

The company's commitment to filing an updated technical report for Hyland in the future indicates ongoing development activities and continued investment in this asset. This future filing will likely provide investors with a fresh perspective on the project's potential and may incorporate new geological understanding or exploration results that have been generated since the previous technical work.

Qualified Person Oversight & Technical Validation

The involvement of Duncan Mackay, P.Geo., as Vice President of Exploration and Qualified Person under National Instrument 43-101, provides important technical oversight and validation for Banyan Gold's projects. His review and approval of the news release content ensures that all technical statements and forward-looking information meet professional standards and regulatory requirements.

The presence of qualified technical professionals throughout the organization and in the preparation of technical reports demonstrates Banyan Gold's commitment to maintaining high standards of technical excellence. This professional oversight is crucial for investor confidence and regulatory compliance, particularly in an industry where technical competence and accuracy are paramount to successful project development.

The collaborative approach involving multiple qualified persons in the preparation of technical reports also provides additional validation and reduces the risk of technical errors or oversights. This multi-disciplinary approach ensures that geological, engineering, and metallurgical aspects of the projects are properly addressed and integrated into comprehensive technical assessments.

The Investment Thesis for Banyan Gold

Banyan Gold presents a compelling investment opportunity for investors seeking exposure to Canadian gold exploration and development projects with strong technical foundations and regulatory compliance:

• Proactive Regulatory Compliance: The company's approach to addressing regulatory requirements, as demonstrated by the amended AurMac technical report, indicates a management team committed to maintaining investor confidence through transparency and professional execution.
• Resource Estimate Stability: The unchanged resource estimate for AurMac provides continuity and stability for investors, while the enhanced technical documentation strengthens the foundation for future development decisions.
• Strategic Location Advantages: The Mayo Mining District location of the AurMac Property offers advantages in terms of infrastructure access and regulatory framework, potentially reducing development risks and costs compared to more remote or politically challenging jurisdictions.
• Asset Development Commitment: The company's commitment to updating the Hyland Project technical report demonstrates ongoing investment in asset development and suggests confidence in the project's long-term potential, with the planned update providing a catalyst for potential resource expansion or improved project economics.
• Market Access and Liquidity: Banyan Gold's dual listing on both Canadian and US markets provides liquidity advantages and broader investor access, while the experienced management team and qualified technical personnel provide confidence in execution capabilities.
• Risk Mitigation: The company's focus on maintaining high technical standards and regulatory compliance reduces operational and reputational risks that can impact mining investments.

The filing of the amended AurMac technical report and the acknowledgment of Hyland Project compliance issues represent important steps in Banyan Gold's corporate evolution toward enhanced transparency and regulatory excellence. These actions demonstrate management's commitment to maintaining the highest standards of technical disclosure and investor protection, even when such actions may create short-term uncertainty or require additional resources.

The unchanged AurMac resource estimate provides important continuity for investors and validates the quality of the underlying technical work, while the enhanced disclosure requirements create a stronger foundation for future development decisions and financing activities. The proactive approach to addressing Hyland Project compliance issues, while potentially disappointing in the near term, ultimately strengthens the company's long-term credibility and reduces regulatory risks. These developments position Banyan Gold as a professionally managed exploration company with the technical competence and regulatory compliance necessary for successful project advancement in the competitive Canadian mining sector.