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

This Press Release updates the images which were incorrect in the prior version

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 26, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce high-grade gold ("Au") mineralization and associated visible gold ("VG") in central Powerline Deposit ("Powerline") at its AurMac Project ("AurMac"), Yukon, Canada.

Powerline Highlights:

• 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

"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."

Table 1: Diamond drillhole assay intercepts for Powerline in this release

Note: Calculated true widths for AX-25-801, -814 and -820 are approx. 90% of reported drill widths. Calculated true widths for AX-25-819 and -821 are approx. 45% of reported drill widths.

Table 2: Collar Locations for drillholes in this release

Analytical Method and Quality Assurance/Quality Control Measures

All diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan's core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas's Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.

Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.

Qualified Persons

Duncan Mackay, M.Sc., P.Geo., is a "Qualified Person" as ‎defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI 43-101"), and has reviewed and approved the content of this news release in respect of all disclosure other than the MRE.‎ Mr. Mackay is Vice President Exploration for Banyan and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the information.

Upcoming Events

• Metals Investor Forum Toronto, February 27 - 28

  • Corporate Presentation: February 27, 6:00 PM ET

• Yukon in Global Focus: From Rocks to Riches Breakfast - Fireside Chat - Toronto, March 2, 7 AM - 9 AM ET

  • 7:00 AM to 9 AM ET

• PDAC, Toronto, March 1 - 4, 2026

  • Exhibitor Booth No. 2213, March 1 - 2

  • 1x1 Meetings, Level 300, March 1-3

• SMI Zurich, Switzerland, March 18 -19

• Italy Roadshow - Milan, Rome, March 23 - 27

About Banyan

Banyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation of Na-Cho Nyäk Dun, in Canada's Yukon Territory. The current Mineral Resource Estimate ("MRE") for the AurMac Project has an effective date of June 28, 2025 and comprises an Indicated Mineral Resource of 2.274 million ‎ounces of gold ("Au") (112.5 M tonnes at 0.63 g/t) and an Inferred Mineral Resource of 5.453 Moz of Au (280.6 M tonnes at 0.60 g/t ) (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition ‎Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43‑101). The 303 square kilometres ("sq km") AurMac Project lies 40 kilometres from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage.

Table 3: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac Project