Banyan Gold Corp. announced the analytical results from the final fifty-seven (57) diamond drill holes from the Company's 2022 exploration program at the Powerline and Aurex Hill deposits located on the Company's AurMac Property, Yukon Territory. Assay highlights from this most recent batch of assays received include: 31.2 metres ("m") of 0.84 g/t Au from 293.4 m in DDH-22-350; 30.5 m of 1.48 g/t Au from 28.3 m in DDH-22-364; 78.3 m of 0.48 g/t Au from 73.9 m in DDH-22-371; 105.9 m of 0.41 g/t Au from 10.7 m in DDH-22-376; 43.7 m of 0.60 g/t Au from 72.7 m in DDH-22-380; 63.2 m of 0.45 g/t Au from 41.7 m in DDH-22-382; 54.1 m of 0.43 g/t Au from 128.7 m in DDH-22-384; 90.0 m of 0.46 g/t Au from 21.3 m in DDH-22-386; 64.3 m of 0.42 g/t Au from 54.6 m in DDH-22-387.

The Powerline and Aurex Hill gold deposits are contained within a metasedimentary package consisting of predominately schists, quartzites and limestones of the Late Proterozoic to Cambrian Hyland Group. Gold mineralization here is chiefly associated with low angle quartz-sulfosalt-arsenopyrite veins seen crosscutting all lithologies and is interpreted to be associated with a large intrusion related gold system typical of the Tombstone Gold Belt and Selwyn Basin gold deposits. A strong bismuth-gold association has been identified at AurMac and is currently being utilized to establish exploration vectors over the property.