Banyan Gold Corp. · TSXV:BYN
Banyan Gold — Investor Presentation (October 2026)
32 slides from Banyan Gold's investor presentation, Oct 10, 2026
Slide 1: Advancing a New Canadian Gold District
TS XV: BY N | OTCQB : BY AGF Advancing a New Canadian Gold District October 10, 2 026 C OR PO R A TE PR ESEN TA TION 1
Slide 2: Forward-Looking Statements
L EGAL DI SCL O SURE Forward-Looking Statements F OR W A R D - L OO K I N G I N F O R M A T I O N A D D I T I O N A L A S S U M P T I O N S & F A C T OR S This presentation contains forward-looking information, which is not comprised of Factors that could cause actual results to differ materially fr
Slide 3: Investment Thesis: Value Creation Catalysts
IN VES TME NT TH ESIS Value Creation Catalysts Undervalued vs. peers, with a clear path to re-rating A U RM A C R ES OU R CE AIRSTRIP Generational scale opportunity Deposit 01 +8 Moz established gold resource in a Tier-1 jurisdiction, with significant upside exploration potential 3.64 Million INDICA
Slide 4: Infrastructure & Topography Set Banyan Apart
IN FRA STRUCTUR E A DVA NTA GE Infrastructure & Topography Set Banyan Apart E LE CT RICI TY 138 kVa line, energized to 69 kVa substation. 40 km to the Mayo hydro dam, connected to the Yukon grid. BC–Yukon power grid connection is a Federal Government priority project, with potential to sell back int
Slide 5: Resource Growth <200m From Surface
MINE RAL R ESOU RCE ES TI MA TE Resource Growth <200m From Surface PIT CONSTRAINED RESOURCE ESTIMATE 3.64M 4.98M Deposits open in all directions — significant room for resource growth OZ AU IND ICAT ED OZ AU INF ERR ED beyond the current pit-constrained estimate. @ 0. 6 8 G /T @ 0. 5 8 G /T AURMAC I
Slide 6: A Jurisdiction Built for Mining
A JURISDICTION BUILT FOR MINING & TSxV: BYN | OTCQB: BYAGF
Slide 7: Exceeding Expectation: Resource & High-Grade
2026 MRE HIGH LI GHTS Exceeding Expectation → Resource & High-Grade Powerline Indicated ounces 2.8M oz of gold (129.5M t) up 68% and Strong Conversion grade improving 10% across the deposit. Indicated 3.64M oz incl. 2.45M oz at 1.00 g/t Au (75.9M t) at 0.55 g/t cut-off. Inferred 5M oz. incl. 2.72 M
Slide 8: Capital Structure
CA PITAL MARK ETS Capital Structure S H A R E H OL D E R O W N E R S HI P Insiders & Management Current Price $1.85 52-Wk High/Low $2.20 / $0.64 CEO - Tara Christie Shares Outstanding 473M Market Cap ~$920M Total Insiders 4% Fully Diluted 505M Cash (June 2026) $58M VGCX no longer holds any Banyan sh
Slide 9: Recent Financings & Analyst Coverage
CA PITAL MARK ETS Recent Financings & Analyst Coverage R E CE N T F I N AN C I N G S A N AL Y S T CO V E R AG E September 2026 $54.3 MILLION hard dollars at $2.00 Rabi Nizami National Bank $3.00 Ovais Habib Scotiabank $3.00 May 2026 $46.5 MILLION Simon Wildsmith Desjardins $3.50 $29.7M flow-through
Slide 10: Indicated & Inferred Au by Cut-Off Grade
RE SOUR CE SEN SITIV ITY Indicated & Inferred Au by Cut-Off Grade AurMac pit-constrained mineral resources across the full range of cut-off grades — ounces (bars) and grade (lines) move together as the cut-off rises 15,000,000 2.00 1.80 12,500,000 1.59 1.53 1.60 1.46 1.40 1.55 1.33 1.50 1.40 10,000,
Slide 11: AurMac vs. Select Open-Pit Gold Projects, North America
PE ER COMPA RIS ON AurMac vs. Select Open-Pit Gold Projects, North America Potential with Regional Consolidation - Eagle & Raven & AurMac MINEABLE OZ 3.64 M oz Au at 0.68 g/t Indicated MRE 4.98 M oz Au at 0.58 g/t Inferred MRE Talamore Mining, backed by Pierre Lassonde, purchased the Yukon Coffee Go
Slide 12: Closing the Gap Between Airstrip & Powerline
EX PLORATION UPD ATE Closing the Gap Between Airstrip & Powerline Two sections through the gap between Airstrip and Powerline — both hit high-grade gold near surface CROSS-SECTION 466750mE CROSS-SECTION 466750mE ·· AX-26-874 AX-26-874 CROSS-SECTION 467250mE CROSS-SECTION 467250mE ·· AX-26-942 AX-26-
Slide 13: Gold Explorers: Market Value per Ounce USD
VA LUA TION Gold Explorers — Market Value per Ounce USD Market cap / attributed resource (USD$/oz Au Eq). Historical gold-sector takeovers cluster well above Banyan's current valuation — even before accounting for today's $4,200+ gold price. Bought by Kinross Merged w/G-Mining Bought by Goldcorp Bou
Slide 14: Beyond Gold: Striking Silver
SILV ER DIS COVE RY Beyond Gold — Striking Silver High-grade “Keno-style” silver mineralization intersected at AurMac — 8 confirmed veins, with potential to expand high-grade mineralization in each 302.68 g/t Ag over 103.6 m Incl. 1841.14 g/t Ag over 16.8m Zone with High Potential 1 x 1 x 1m cube In
Slide 15: High-Value External Projects
POR TFOLIO GROWTH High-Value External Projects Acquired 100% of Generic Gold's Yukon exploration portfolio — adding 2,158 claims across five project areas ~350 km² added High-target and earlier-stage exploration areas, expanding long-term discovery potential Geological database leverage New ground b
Slide 16: Nitra: 100% Owned, High-Priority Targets
EX PLORATION UPS IDE Nitra — 100% Owned, High-Priority Targets Project Location Map for Banyan’s AurMac and Nitra Projects 423 km² • Road accessible • Known intrusions at surface • 6+ active placer mines DISTRICT-SCALE EXPLORATION UPSIDE Placer mining Lidar + structure Au-As soil anomalies Z-TEM sur
Slide 17: Regional Distribution of Major Projects
RE GIONAL GR OWTH Regional Distribution of Major Projects Intrusion-Related Mineralised District BANYAN GOLD • AurMac – advanced exploration • Nitra – grassroots exploration Other Companies • Eagle – past producer • Sitka – exploration KENO HILL STYLE • Hecla • Banyan • Silver North • Metallic Miner
Slide 18: Regional Distribution of Major Projects
RE GIONAL GR OWTH Regional Distribution of Major Projects Fence Diagram Trace from AurMac - through Nitra - to Sitka F A B C D E Nitra Haldane AurMac Eagle Roaring Seattle (18km north) Airstrip Blackjack/ Fork Creek Powerline Saddle/Eiger Rhosgobel Polymetallic Veins Gold Dome District scale distrib
Slide 19: Franco-Nevada: $52.2M Royalty + $20M Equity
CH ECK LIS T 06 · CAT AL YS TS – ST RAT EGI C I NVE ST OR Franco-Nevada: $52.2M Royalty + $20M Equity AurMac Project with NSR Purchase area in darker grey. Current Resource area shown in black. The $52.2M covers a 6% NSR originally issued to Victoria Gold Corp.*, with an option for Banyan to reduce
Slide 20: 2026 Milestones Delivered and the Catalysts Ahead
MILES TONE S & CA TALYS TS 2026 Milestones Delivered — and the Catalysts Ahead Eleven milestones delivered to date this year — each catalyst ahead closes a specific valuation discount DEL IV ERED — 2026 FEB 1 8 FEB 2 6 MAY 6 MAY 15 JUN 11 JUN 15 JUN 17 JUL 28 AUG 17 AUG 25 SE P 1 4 Named to TSX Fran
Slide 21: Robust Recoveries, Clear Permit Pathway
METALLUR GY & PE RMITTING Robust Recoveries, Clear Permit Pathway M E TA L LU R G Y — R O B US T R E CO V E R IE S P E RM I T T IM E LIN E Year 1 Year 2 Year 3 Year 4 Year 5 93% Gold Recovery PEA / PFS Carbon-in-leach (CIL) / Carbon-in- Baseline Studies 93% pulp (CIP) process with gravity. YESAB 84%
Slide 22: Eagle Was Built at Lower Grade
PR ECE DEN T — 20 KM N ORTH Eagle Was Built at Lower Grade The Yukon has already permitted, financed, built and operated a 0.65 g/t open pit next door to AurMac AURMAC (Banyan) EAGLE GOLD MINE (Victoria Gold) Contained gold 8.62 Moz Indicated + Inferred 2.58 Moz P&P · 4.67 Moz M&I Grade 0.68 g/t Ind
Slide 23: The Lassonde Curve: Where Banyan Sits Today
IN VES TME NT FR AMEWORK The Lassonde Curve — Where Banyan Sits Today E XP L O R A T I ON E NG I NE ER I NG DE VE L O P ME NT W H Y T HI S M A T TE R S Discovery & Speculation Construction & Production Maximum discount ↑ The orphan period is when Pre-production fundamentals are strongest but S HA RE
Slide 24: Significant Value / Re-Rate Potential
VA LUA TION OP PORTUNITY Significant Value / Re-Rate Potential Enterprise Value / Total Attributable Resource (US$/oz Au) — relative valuation vs Yukon & Canadian peers Yukon Pee rs Snowline Gold Median: $141 $228 Compelling Canadian Re-Rate Fuerte Metals Median: $113 $165 Opportunity Scottie Gold $
Slide 25: Committed to Community & Responsible Growth
GIV ING BACK Committed to Community & Responsible Growth Yukon Geoscience Award Every Student, Every Day For contributing toward the development Registered charity co-founded by Tara Christie to of healthier communities and protecting support grassroots educational projects that the natural environm
Slide 26: Building the Right Team
LEADE RS HIP Building the Right Team MANAG EMENT TEAM Tara Christie David Rutt Kai Woloshyn Jasmine Sangria Duncan MacKay Patrick Langlois Tanuja Skerlec MASc, P.Eng CMA, CPA BSc MBA MSc, P.Geo MBA, CFA VP Corporate Affairs President & CEO Chief Financial Officer VP Project Development VP Corporate
Slide 27: Yukon Context: New Government, 2025
JURISDICTION C ONTE XT Yukon Context — New Government, 2025 Yukon election November 3, 2025; new Conservative government sworn in November 22. Pro-development signals across key ministries P R E MI E R & F I N A N C E Strong mandate for economic Currie Dixon development and resource sector growth. E
Slide 28: Electrical Grid: Government Commitments
PE RMITTING Electrical Grid — Government Commitments W HI TEH ORSE POW ER CENT RE EXPANSI ON W H Y I T M A T T E RS Addition of ~160 MW of new generating capacity planned — significantly expanding regional power availability. Expanding regional power capacity directly benefits AurMac development p
Slide 29: Improving Permitting: Results Already Tangible
PE RMITTING Improving Permitting — Results Already Tangible More decision documents issued and more water licences approved in the first 5 months of 2026 than the entire prior year WAT E R BOA RD W HY I T MAT T ERS New appointments and increased resources aimed at reducing application backlogs F OR
Slide 30: Eagle Gold Mine Update, June 2026
M&A WATCH Eagle Gold Mine — Update, June 2026 Who is Boroo? Boroo is a Singapore-based private mining company recognized as a specialist in operational B A NY A N P E R CE P T I ON turnarounds. Since 2018, Boroo has completed four strategic acquisitions and transformed into a premier mid-tier global
Slide 31: What Investors Should Know Over the Next 12 Months
IN VES TME NT CAS E What Investors Should Know Over the Next 12 Months Each milestone should reduce a specific valuation discount RESOURCE 01 UPDATED RESOURCE More indicated ounces and higher-grade mine inventory QUALITY ECONOMIC 02 PEA MINE PLAN Throughput, early-year grade, production and costs CR
Slide 32: Contact
Banyan Gold is committed to environmental stewardship, sustainable development, advancing the principles Tara Christie of reconciliation, and shared President & CEO tchristie@banyangold.com generational prosperity for First Nations (888) 629-0444 and communities. Jasmine Sangria VP Corporate Communi