Banyan Gold Corp. · TSXV:BYN
Banyan Gold — Investor Presentation (March 2026)
24 slides from Banyan Gold's investor presentation, Mar 26, 2026
Slide 1: Yukon's Next Generational Gold Mine
& Silver TSXV:BYN | OTCQB:BYAGF | FRANKFURT:BAJ YUKON’S NEXT GENERATIONAL GOLD MINE 育空地区下一个具有划时代意义的金矿 Corporate Presentation / 公司介绍资料 March 26, 2026 / 2026年3月26日 1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS 前瞻性声明 This presentation contains forward-looking information, which is not comprised of historical facts and is based upon the Company’s current internal expectations, TSXV:BYN | OTCQB:BYAGF estimates, projections, assumptions and beliefs. Such information can generally be
Slide 3: Why Banyan
WHY BANYAN RIGHT MANAGEMENT TEAM + GOLD/SILVER $$ 投资Banyan的理由 LEVERAGE / 高质量的管理团队 + 黄金与白银的杠杆效应 2.27 M oz Au Proven management team positioned for the gold & silver M&A cycle / 成熟的 管理团队，为黄金与白银的并购周期做好充分准备 TSXV:BYN | OTCQB:BYAGF at 0.63 g/t Indicated Mineral Resource GENERATIONAL SCALE OPPORTUNITY 指示资源
Slide 4: Evolving 25M+ oz District
A map of the northern part of the yukon AI-generated content may be incorrect. TSXV:BYN | OTCQB:BYAGF EVOLVING 25M+ oz DISTRICT +25M AU EQ WITHIN JURISDICTION ADVANTAGES: IMMEDIATE DISTRICT • Existing Roads and Power Underexplored Infrastructure Tombstone Gold Belt • Established Permitting Process V
Slide 5: Infrastructure and Topography Set Banyan Apart
INFRASTRUCTURE AND TOPOGRAPHY SET BANYAN APART 优越的基础设施与地形条件使BANYAN在同行中脱颖而出 TSXV:BYN | OTCQB:BYAGF ✓ ELECTRICITY / 电力条件 • BC – Yukon Power Grid connection is on Federal • 138 kVa line, energized to 69 kVa - substation / 138千伏线路，目前通电至69千 Government Priority Projects list / 卑诗省-育空地区电网连 伏 - 配备变电站 接项目已被列
Slide 6: 2025 Drilling – Expanding High Grade
2025 DRILLING – EXPANDING HIGH GRADE 2025年钻探 – 拓展高品位矿化区 AURMAC INDICATED MRE / AURMAC指示矿产资源量估算 Au Cutoff / 边界金品位 Tonnage / 矿石量 Au Gra de / 金品位 Au Content / 含金量 TSXV:BYN | OTCQB:BYAGF g/t / 克/吨 tonnes / 吨 g/t / 克/吨 oz / 盎司 0.30 113,000,00 0.63 2,270,000 0.55 46,400,00 0.95 1,420,000 AURMAC INFERRED M
Slide 7: 2025 Drilling – Deposits Open in All Directions
2025 DRILLING – DEPOSITS OPEN IN ALL DIRECTIONS 2025年钻探——矿体向各个方向开放 ✓ High-grade skarn at depth, potentially TSXV:BYN | OTCQB:BYAGF closer to deep magmatic source / 深 部存在高品位矽卡岩，可 能更接近深部岩浆源 ✓ Deposit open at depth, between deposits and below Airstrip horizons / 矿 体在深部、矿床之间以及 Airstrip下方地层中均为 开放状态 7
Slide 8: Beyond Gold - Striking Silver
BEYOND GOLD - STRIKING SILVER AX-21-142 除了黄金外，还发现高品位银矿化 ➢ 14,299 g/t Ag over 1.1 High-grade “Keno-style” silver mineralization intersected at AurMac m 银品位高达14,299克/吨的 TSXV:BYN | OTCQB:BYAGF 在AurMac矿区钻遇高品位“Keno风格”银矿化 1.1米矿段 ➢ 11,828 g/t Ag over 302.68 g/t Ag over 103.6 m 1.2m 银品位高达11,828克/吨 Incl. 184
Slide 9: Leadership – Building the Right Team
LEADERSHIP – BUILDING THE RIGHT TEAM 领导团队——打造一只最适合资源开发的团队 MANAGEMENT TEAM 管理层 TSXV:BYN | OTCQB:BYAGF Tara Christie David Rutt Kai Woloshyn Jasmine Sangria Duncan MacKay Tanuja Skerlec MASc, P.Eng CMA, CPA BSc MBA MSc, P.Geo VP Corporate Affairs President & Chief Executive Officer Chief Financial Off
Slide 10: Capitalization
CAPITAL Current Price 52 Week High/Low STRUCTURE资本结构 $1.10 $1.51/0.20 当前股价 股价52周最高/最低 TSXV:BYN | OTCQB:BYAGF CAPITALIZATION Shares Outstanding 416 M Market Capitalization ~ 500 M MARKET 市场数据 SHAREHOLDER OWNERSHIP 流通股数量 4.16亿股 市值 约$5亿 股东持股比例 Fully Diluted 448 M Cash (Nov 2025) $38.8 M Insiders 完全稀释后股
Slide 11: Financings
FINANCINGS 融资经历 October 2025 / 2025年10月 TSXV:BYN | OTCQB:BYAGF Richard Gray Don Blyth Simon Wildsmith $31.4 M - Alpayana Cormark Paradigm Canaccord ➢ $23 M FT at $0.97 / $2300万流转单位，每 单位发行价格$0.97 Price target $3.50 Price Target $2.00 Price Target $2.25 ➢ $8.4 M at $0.70 / $840万股普通股单位，每 目标价$3.50 目标价$2
Slide 12: 2026 Valuation Rerate Strategy
2026 VALUATION RERATE STRATEGY 2026年估值重估策略 2026 CATALYSTS ➢ ADVANCING AURMAC / 推进Aurmac项目 2026年的催化剂 TSXV:BYN | OTCQB:BYAGF ➢ EXPLORATION UPSIDE / 探索勘探上升空间 ➢ Updated MRE / 最新矿产 资源量估算 GRADE, SCALE & MAIDEN ECONOMICS ➢ Preliminary Economic 重点是品位、规模及初步经济评估 Assessment (PEA) / 初步 经济评估 ➢ 40,000 + m strateg
Slide 13: Metallurgy – AurMac
METALLURGY – AURMAC ROBUST RECOVERIES PERMIT ADVANTAGE 选矿冶金——稳健的回收率 AURMAC许可优势 TSXV:BYN | OTCQB:BYAGF 93%AVERAGE RECOVERY Gravity/ Leach (75 micron) 93%平均回收率 CONVENTIONAL 重力选矿+浸出 MILL FLOW （75微米） SHEETS 常规选矿工艺流程 93% GOLD RECOVERY 黄金回收率 ✓ Existing Roads and Access / 现有道路及通道 • Carbon in Leach (“CIL”)
Slide 14: Exploration Upside – Nitra
EXPLORATION UPSIDE – NITRA 显著的勘探潜力 – NITRA TSXV:BYN | OTCQB:BYAGF Nitra Zone - 100% • 423km2 / 占地面积423平方公里 Owned • Road Accessible / 有道路可抵达 • Known Intrusions at Surface 地表出露已知侵入体 • +6 Active Placer Mines / 超过6座在产砂金矿 High Priority Targets Identified Nitra矿区 - 100%拥有 Nitra 已识别高优先级靶区 Placer Mining / 砂
Slide 15: Hyland Gold Project
HYLAND GOLD PROJECT HYLAND金矿项目 UPDATED MRE - 2025 / 2025年更新的矿产资源量估算 Cutoff Tonnes Au / 黄金 Ag / 银 AuEq / 黄金当量 (AuEq 矿石量 Grade Ozs Grade Ozs Grade Ozs TSXV:BYN | OTCQB:BYAGF g/t) 吨 (g/t) (g/t) (g/t) 边界品位 ( 黄金当量 品位 ( 盎司 品位 (克/ 盎司 品位 ( 盎司 克/吨) 克/吨) 吨) 克/吨) Indicated / 指示资源量 0.5 11,272,000 0.93 337,000 7
Slide 16: Gold Explorers – Market Value per Ounce
GOLD EXPLORERS – MARKET VALUE PER OUNCE (CAD) 黄金勘探公司 – 每盎司黄金对应的市场价值（加元） $700.00 $56 $145 $357 $89 Z. $150 $240 $583 Bought by Gold Fields Bought by Kinross Merged with G-Mining Bought by Goldcorp 4th Quarter, 2024 Gold at >$4500 USD/ oz Au March 10, 2020 April 22, 2024 May 12, 2016 Gold $2,500 USD G
Slide 17: Have I Missed the Time to Buy?
ANSWERING THE QUESTION: HAVE I MISSED THE TIME TO BUY? 投资者疑问：是否错过了买入时机？ TSXV:BYN | OTCQB:BYAGF MANY MINING DEVELOPERS AND EXPLORATION COMPANIES HAVE ALREADY MADE SIGNIFICANT MOVES 许多矿业开发公司和勘探公司股价已经实现了显著涨幅 O WHY HAVE SOME MOVED MORE THAN OTHERS? / 为什么有些公 司涨幅比其他公司更大？ PEER VALUATION O WHICH ONES STILL
Slide 18: Rerating Potential and Rationale
RERATING POTENTIAL AND RATIONALE 价值重估潜力与合理性 REASONS FOR BANYAN UNDERVALUATION: / BANYAN价值被低估的原因： o Legacy discount • Overhang from 2024 landslide at Victoria Gold - With VGCX holding 8.6% of the stock PEER VALUATION TSXV:BYN | OTCQB:BYAGF and Banyan having secured only 75% of property title, market
Slide 19: AurMac vs. Select Open Pit Gold Projects N. America
AURMAC vs. SELECT OP GOLD PROJECTS N. AMERICA AurMac项目对标北美精选露天金矿项目 Total Resource (MMoz AuEq) 资源总量（百万盎司黄金当量） Potential with Regional Consolidation - TSXV:BYN | OTCQB:BYAGF Eagle & Raven 区域整合潜力：Eagle与Raven项目协同开发 AurMac is one of the largest + undeveloped open pit gold 16.8 projects in North America A
Slide 20: Giving Back – Commitment to Community and Responsible Growth
GIVING BACK STRONG COMMITMENT TO 回馈社会 COMMUNITY AND RESPONSIBLE GROWTH 坚定履行社区责任承诺，全力构建社 TSXV:BYN | OTCQB:BYAGF 区支持体系 OVER $3 MILLION YUKON GEOSCIENCE ENVIRONMENTAL FUNDED AWARD RESPECT / 尊重环境 累计捐赠超过300万加元 育空地区地球科学奖 Minimize roads and trails – winter work To projects that address 最小化道路和勘探线建设 – 冬季作业 f
Slide 21: Yukon Context: New Government
YUKON CONTEXT: NEW GOVERNMENT 育空地区概况：新政府就位 Currie Dixon, Premier, Minister of the Executive Council Office and the TSXV:BYN | OTCQB:BYAGF Minister of Finance. / Currie Dixon任 省长，行政委员会办公室厅长及财政 厅长。 Wade Istchenko, Minister of Environment. / Wade Istchenko任环 境厅长。 Scott Kent, Minister of Education and M
Slide 22: NSR Purchase for $52.2M CAD
NSR PURCHASE FOR $52.2M CAD 以5220万加元购买NSR权利金 TSXV:BYN | OTCQB:BYAGF The $52.2 million covers a 6% NSR originally issued to Victoria Gold Corp, with an option to reduce it to 1% for $10 million. / 这笔5220万加元 收购的是最初授予Victoria Gold Corp的6%NSR，并附带 一项选择权，可额外支付1000 万加元将权利金比重降至1% STRATEGIC IMPACT: Validatio
Slide 23: Why Banyan, Why Now – Clear Path to Rerating
WHY CLEAR PATH TO RERATING CATALYSTS BANYAN THROUGH 2026 WHY NOW 贯穿2026年的催化剂事件为价值重估提供了清晰的路径 TSXV:BYN | OTCQB:BYAGF 现在考虑投资 ➢ AurMac Drill Results – Continued Expansion of High-Grade Gold Banyan的核心理由 Zones – results pending / AurMac钻探结果 – 高品位金矿带范围持续扩展 – 结果将于2026年第一季度陆续公布 Banyan’s Value Creation ➢ High
Slide 24: TSXV:BYN | OTCQB:BYAGF
Banyan Gold is committed to environmental stewardship, sustainable development, Tara Christie advancing the principles of reconciliation, and President & CEO shared generational prosperity for First Nations 总裁兼首席执行官 and communities. TSXV:BYN | OTCQB:BYAGF tchristie@banyangold.com Banyan Gold始终秉持对环境高