Banyan Gold acquires property from Generic Gold

VANCOUVER, BC / ACCESS Newswire / June 3, 2026 / Banyan Gold Corp . (the " Company " or " Banyan ") ( TSX-V:BYN ) ( OTCQB:BYAGF ) is pleased to announce that it has entered into a definitive agreement with Generic Gold Corp. (" Generic Gold ") to acquire a 100% interest in Generic Gold's entire Yukon exploration portfolio, comprising 2,158 claims across the Goodman, Seattle, VIP, Summit and Livingstone claim blocks (collectively, the " Properties "), in the prospective Tintina Gold Belt, for all-share consideration of $3,000,000 (the " Transaction "). "The acquisition of the Generic Gold properties expands Banyan's exploration pipeline in the Yukon and provides our exploration team with a portfolio of drill-ready and early-stage gold targets to which we can apply the geological, geophysical and structural models developed internally," said Tara Christie, President and CEO. "We have opportunity to leverage our district scale geologic dataset and apply the exploration targeting strategies developed at AurMac and Nitra across our expanded project portfolio.

The timing of this acquisition will allow Banyan to utilize existing logistical support to rapidly deploy preliminary exploration efforts in the Goodman and Seattle areas and then across all of our projects." Transaction Terms Under the terms of the definitive agreement, Banyan will acquire 100% of the Properties in consideration for the issuance of 2,142,857 common shares of Banyan (the " Consideration Shares ") at a deemed price of $1.40 per share. The Consideration Shares will be subject to a statutory four-month-and-one-day hold period under applicable Canadian securities laws and a contractual 1year hold period. The Properties are being acquired free and clear of royalties and encumbrances, other than a 1% net smelter returns royalty on specific claims.

Closing of the Transaction is subject to customary conditions, including the approval of the TSX Venture Exchange. Strategic Rationale The Properties constitute the entirety of Generic Gold's Yukon quartz exploration portfolio and represent a contiguous and non-contiguous land position of approximately 350 squares kilometres across the Tintina Gold Belt, a highly prospective gold belt that hosts multiple producing mines, past-producing mines and advanced gold development projects. The Properties span a range of exploration stages, from drill-ready targets with historical drill intercepts to early-stage prospects defined by surface geochemistry and geophysics, providing Banyan with an exploration pipeline.

Several of the acquired claim blocks are situated in close proximity to significant gold projects in the Yukon, including Fuerte Metals Coffee project, the Eagle Gold mine, White Gold's Golden Saddle project, Western Copper & Gold's Casino project, and Banyan Gold's flagship AurMac deposit which has an Indicated Mineral Resource of 3.64 million oz of gold (167.3 M tonnes at 0.68 g/t Au ) and an Inferred Mineral Resource of 4.98 M oz of Au (267.2 M tonnes at 0.58 g/t Au ) (as defined in the 2014 Canadian Institute of Mining, Metallurgy and Petroleum (" CIM ") Definition Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43‑101) (Figure 1). Figure 1: Location of Banyan Gold projects in the Yukon. Projects acquired from Generic Gold are VIP, Goodman-Seattle, Livingstone, and BERG, and are highlighted in Yellow; pre-existing projects in Banyan Gold's portfolio include AurMac, Nitra, and Hyland, and are highlighted in orange.