Banyan Strengthens Management Team with Addition of Kai Woloshyn as Vice President of Project Development and 2023 Exploration Update

VANCOUVER, BC / ACCESSWIRE / September 11, 2023 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce Kai Woloshyn has joined the management team as Vice President, Project Development, and an update on the Company's 2023 exploration program at the AurMac Property, Yukon Territory.

"With the AurMac Mineral Resource Estimate now at 6.2 million ounces of gold, Kai Woloshyn adds expertise to the team to de-risk AurMac as it progresses towards development. Kai brings a wealth of knowledge and experience from environmental assessments and permitting, to economic studies and First Nation agreements," stated Tara Christie, President and CEO. "We plan to focus on high-level evaluation of mining and processing scenarios which will guide future activities, both on the ground at AurMac, and also with regards to technical studies, baseline environmental work, First Nations engagement and community communications. The deposits at AurMac remain open and we can continue to add ounces in 2024 and beyond. We are confident and excited that AurMac and Nitra have the potential for additional mineralization, and we have extended property-wide exploration on both projects into the Fall. Banyan is funded for continued exploration and development of AurMac through 2024."

Mr. Woloshyn is a registered Professional Chemist with nearly 20 years of experience in mining and environmental consulting. His extensive experience in mine development, environmental assessment, permitting and reclamation along with First Nation engagement provides a strategic perspective to the approach required to develop new mines in Canada's North. Mr. Woloshyn was the Environmental Manager for Alexco Resource Corp. (acquired by Hecla Mining in 2022) for over 10 years and was responsible for all environmental management and permitting matters for the Keno Hill Silver District Mining Operations. He was most recently the Vice President of Strategic Projects for Ensero Solutions, where he led Yukon exploration and mining projects through baseline data collection, environmental assessment and permitting processes. During his time with Alexco and Ensero, Mr. Woloshyn contributed to economic studies and advanced multiple projects towards operations. He has led First Nations and community consultation, including negotiation and implementation of several benefit agreements with various Yukon First Nations. Mr. Woloshyn holds a Bachelor of Science Combined Major in Chemistry and Earth & Ocean Sciences from University of Victoria. Mr. Woloshyn is a Yukoner based in Whitehorse.