Banyan Announces $50 Million LIFE Offering and Concurrent $8 Million Private Placement

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VANCOUVER, British Columbia, Sept. 20, 2026 (GLOBE NEWSWIRE) — Banyan Gold Corp. (TSXV:BYN) (OTCQB: BYAGF) (“ Banyan ” or the “ Company ”) announces today that it has entered into an agreement pursuant to which Canaccord Genuity Corp. has agreed to act as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (the “ Agents ”), in connection with a best efforts private placement (the “ Offering “) of up to 25,000,000 shares of the Company (each, a “ Share ”) at a price of $2.00 per Share, for gross proceeds of up to $50,000,000.

The Offering is expected to close on or about September 29, 2026, or such other date as the Company and the Agents may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the conditional approval of the TSX Venture Exchange. Concurrently with the closing of the Offering, the Company also intends to issue up to 8,000,000 Shares on a non-brokered private placement basis at a price of $2.00 per Share, to raise additional gross proceeds of up to $8,000,000 (the “ Concurrent Offering “).

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The net proceeds from the sale of the Shares pursuant to the Offering and Concurrent Offering will be used for advancement of the Company’s Yukon projects and general corporate and working capital purposes.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“ NI 45-106 ”), the Shares to be issued pursuant to the Offering will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The Shares sold pursuant to the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. The Shares sold pursuant to the Concurrent Offering will be subject to a statutory hold period expiring four months and one day following the date of issuance pursuant to applicable Canadian securities laws.

There is an offering document related to the Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.banyangold.com. Prospective investors should read this offering document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.