Banyan Gold Corp. released analytical results from the next five (5) additional diamond drill holes received from the 2021 exploration campaign at the rapidly developing Powerline Deposit at the Company's AurMac Property in the Yukon Territory Assay highlights from the latest batch of assays received from the 2021 exploration campaign at the Powerline Deposit include: 84.5 metres ("m") of 1.32 g/t Au from surface (10 m) in DDH AX-21-151; Including 72.5 m of 1.53 g/t Au from 22 m; Including 3.1 m of 19.5 g/t Au from 76.2 m; 79.7 m of 0.43 g/t Au from 43.3 m in DDH AX-21-136 and 51.8 m of 0.60 g/t Au from surface (4.2 m) in DDH AX-21-159. Results from the latest five (5) drill holes reported herein are consistent with previous exploration drill campaigns at the Powerline Deposit .

The areal extent of interpreted gold mineralization from surface continues to expand with every new drill hole; from the initial 250 m by 250 m of the Powerline Resource, to now well over 2 km x 2 km. Image 1: Photographs of visible gold from: A) AX-21-136: 260.0 m to 261.6 m which assayed 1.11 g/t Au over 1.6 m; B) AX-21-159: 94.5 m to 95.6 m which assayed 1.47 g/t Au over 1.1 m; C) AX-21-159: 19.2 m to 20.1 m which assayed 0.85 g/t Au over 0.9 m; and D) AX-21-159: 37.3 m to 38.6 m which assayed 2.19 g/t Au over 1.3 m In 2021, Banyan completed 30,091 m of drilling in 135 diamond drill holes, with assay results from 63 drill holes remaining outstanding. Assays are reported as they are received and have not been received in numerical order.

Drilling activities continued until mid-December 2021, and thus drill assay results are expected to continue to be received into May 2022. Diamond drilling at the AurMac Property since the announcement of the maiden resource in First Quarter 2020 is now over 40,000 m, all of which have targeted resource expansion at the Airstrip Deposit and Powerline Deposit, as well as assessment of resource potential at the Aurex Hill zone. The planned 2022 AurMac Property exploration campaign currently has 30,000 m of diamond drilling proposed - split between the Powerline Deposit and Aurex Hill targets, with three (3) drill rigs slated to commence activities later this month.

Additional drill locations will be determined after a complete review of all analytical results is available.