Banyan Gold Strengthens Its Management Team, Appoints Patrick Langlois as Vice President, Strategy and Corporate Development

Rhea-AI Summary

Banyan Gold (OTCQB:BYAGF) appointed Patrick Langlois as Vice President, Strategy and Corporate Development, effective March 30, 2026. The company is advancing the AurMac Project with a 2026 drill program (5,749 metres to date) and expects a Preliminary Economic Assessment in H2 2026. AurMac MRE: Indicated 2.274 Moz and Inferred 5.453 Moz Au (effective June 28, 2025).

The Board granted 850,000 stock options at $1.10 (18-month vesting, five-year term).

Positive

• Indicated MRE of 2.274 Moz Au (112.5 M tonnes at 0.63 g/t)
• Inferred MRE of 5.453 Moz Au (280.6 M tonnes at 0.60 g/t)
• PEA due H2 2026, a near-term economic milestone for AurMac
• 2026 drilling underway with 5,749 metres drilled to date
• Senior hire — Patrick Langlois brings 25+ years and $1.3B of M&A experience

Negative

• Inferred resources (5.453 Moz) are uncertain and require more work to upgrade
• Mineral resources are not mineral reserves and have no demonstrated economic viability

VANCOUVER, BC / ACCESS Newswire / March 30, 2026 / Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V:BYN)(OTCQB:BYAGF) is pleased to announce the appointment of Patrick Langlois as Vice President, Strategy and Corporate Development, effective today, March 30, 2026.

Mr. Langlois is a senior mining executive with more than 25 years of experience in corporate development, strategy, capital markets, and mergers and acquisitions (M&A). Most recently, he served as Chief Financial Officer and Vice President, Corporate Development at Probe Gold Inc. (2015-2026). His background includes senior roles with leading Canadian investment banks and board experience with publicly traded companies.

Mr. Langlois has executed over $1.3 billion of mining and resource M&A transactions, focused on the gold sector. Notable transactions include the sale of Probe Gold Inc. to Fresnillo plc for $780 million in January 2026, the acquisition of Probe Mines Limited by Goldcorp Inc. in 2015, and the sale of Angus Gold Inc. to Wesdome Gold Mines Ltd. in 2025.

"We are delighted to welcome Patrick to the Banyan Gold team. His appointment further strengthens our management team, and his extensive strategic experience will be instrumental as we advance the AurMac Project and continue building Banyan into a leading Canadian gold development company," stated Tara Christie, President and CEO. "With Patrick's expertise, Banyan is well positioned to evaluate and execute opportunities that enhance shareholder value."

"Banyan represents a compelling opportunity with one Canada's largest undeveloped gold projects at AurMac. The company has significant exploration upside and growth potential, with a Preliminary Economic Assessment ("PEA") expected in the second half of 2026 to establish key economic benchmarks," said Patrick Langlois, Vice President, Strategy and Corporate Development. "The strength and clarity of Tara's leadership, combined with the quality of the asset, were key factors in my decision to join the team, and I look forward to unlocking shareholder value."

Patrick will work closely with CEO Tara Christie, assuming responsibility for corporate strategy and corporate development, leveraging his extensive experience across the mining industry and capital markets.

Exploration Update

The 2026 exploration program at AurMac is underway with five drills operating at site with 5,749 metres drilled to date.

Grant of Options

The Board of Directors of the Company have granted 850,000 stock options to purchase 850,000 shares at an exercise price of $1.10 per share with a vesting period of 18 months with a five-year term.

The stock options are being issued to consultants and employees of the Company. The options were granted under and are subject to the terms and conditions of the Company's stock option plan.

Upcoming Events

• Natural Resource Stock Expo, Atlanta, GA, May 1 - 2

• Canaccord Genuity 5th Annual Global Metals & Mining Conference, Henderson, NV, May 19 - 21

• The Rule Symposium, Boca Raton, FL, July 6 - 10

• Invest Yukon Property Tours, July 12 - 15

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.

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 M oz 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 km 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 1: Pit-Constrained Indicated and Inferred Mineral Resources - AurMac Project

Deposit	Gold Cut-Off (g/t)	Tonnage (M Tonnes)	Average Gold Grade (g/t)	Contained Gold (Moz)
Indicated MRE
Airstrip	0.30	27.7	0.69	0.611
Powerline	0.30	84.8	0.61	1.663
Total Combined Indicated MRE	0.30	112.5	0.63	2.274
Inferred MRE
Airstrip	0.30	10.1	0.75	0.245
Powerline	0.30	270.4	0.60	5.208
Total Combined Inferred MRE	0.30	280.6	0.60	5.453

Notes to Table 1:

1. The effective date for the MRE is June 28, 2025 and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.

2. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.

3. The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature ‎and there has been insufficient exploration to define these Inferred Mineral Resources as an ‎Indicated Mineral Resource.

4. Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.73 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to constrain the Mineral Resources with the following estimated parameters: gold price of US$2,050/ounce, US$2.50/t mining cost, US$10.00/t processing cost, US$2.00/t G+A, 90% gold recoveries, and 45° pit slopes.^[1]

5. The number of tonnes and ounces was rounded to the nearest thousand. Any discrepancies in the totals are due to rounding effects.

In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the "Hyland Project") in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.The Hyland Project represents a sediment hosted, structurally controlled, intrusion-related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads. The updated MRE comprises an Indicated Mineral Resource of 337 thousand ("K") ‎ounces ("oz") of gold ("Au") and 2.63 million ("M") oz of silver ("Ag") (11.3 M tonnes of ore at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes of ore at 0.95 g/t Au and 6.94 g/t Ag)(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) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.

Banyan also holds the Nitra Gold Project, a grassroots exploration project located in the Mayo Mining district, approximately 10 km west of the AurMac Gold property. The Nitra Property lies in the northern part of the Selwyn basin and is underlain by metaclastic rocks of the Late Proterozoic Yusezyu Formation of the Hyland Group, similar to lithologies hosting portions of the AurMac Project. Middle Cretaceous Tombstone Plutonic suite intrusions occur along the property including the Morrison Creek and Minto Creek stocks. The property is 100% owned and operated by Banyan and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4x4 roads.

Banyan trades on the TSX-Venture Exchange under the symbol "BYN" and is quoted on the OTCQB Venture Market under the symbol "BYAGF". For more information, please visit the corporate website at or contact the Company.

ON BEHALF OF BANYAN GOLD CORPORATION

(signed) "Tara Christie"
Tara Christie
President & CEO

For more information, please contact:

Tara Christie • 778 928 0556 • tchristie@banyangold.com
Jasmine Sangria • 604 312 5610 • jsangria@banyangold.com

CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FORWARD LOOKING INFORMATION: This news release contains forward-looking information, which is not comprised of historical facts and is based upon the Company's current internal expectations, estimates, projections, assumptions and beliefs and the Company's plans and timing for the closing the 100% acquisition of the McQuesten and Aurex properties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend(s)", "believe", "potential" and "continue" or the negative thereof or similar variations, Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, mineral resource estimates; mineral recoveries and anticipated mining costs. Factors that could cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan's public documents filed on SEDAR. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

[1] The gold price and cost assumptions are consistent with current pricing assumptions and costs and, in particular, with those employed for recent technical reports for similar pit-constrained Yukon gold projects.

SOURCE: Banyan Gold Corp.

View the original press release on ACCESS Newswire

FAQ

Who is Patrick Langlois and what role did he take at Banyan (BYAGF) on March 30, 2026?

He joined as Vice President, Strategy and Corporate Development, effective March 30, 2026. According to the company, he has 25+ years of experience and led over $1.3 billion of mining M&A, including the January 2026 sale of Probe Gold for $780 million.

What are the AurMac Project Mineral Resource figures for Banyan (BYAGF) as of June 28, 2025?

AurMac has an Indicated resource of 2.274 Moz Au and an Inferred resource of 5.453 Moz Au. According to the company, these figures are reported at a 0.30 g/t cut-off and are pit-constrained.

When does Banyan (BYAGF) expect to release the Preliminary Economic Assessment (PEA) for AurMac?

Banyan expects the PEA in the second half of 2026. According to the company, the PEA will establish key economic benchmarks and follow ongoing exploration and technical work.

How much drilling has Banyan completed at AurMac in 2026 and what does that indicate for BYAGF?

The 2026 program has completed 5,749 metres drilled to date. According to the company, five drills are operating on site, supporting resource definition and advancing the PEA timeline.

What were the stock option grants announced by Banyan (BYAGF) on March 30, 2026?

The Board granted 850,000 options exercisable at $1.10 with 18-month vesting and a five-year term. According to the company, options were issued to consultants and employees under the company plan.

What key infrastructure and location advantages does the AurMac Project offer for Banyan (BYAGF)?

AurMac lies 40 km from Mayo, Yukon, covers 303 sq km and is transected by the Yukon highway with three-phase powerline and existing power station. According to the company, this infrastructure supports development and access.