Slide 1: Advancing a New Canadian Gold District
TS XV: BY N | OTCQB : BY AGF Advancing a New Canadian Gold District 推進新的加拿大黃 金產區開發進程 Septe mber 19, 2 026 C OR PO R A TE PR ESEN TA TION 20 26年9月 公司介紹 TRANSLATED BY NAI500 FOR GCFF WEALTH CONFERENCE, SEPT 19, 2026 1
Slide 2: Forward-Looking Statements
L EGAL DI SCL O SURE / 法律 聲明 Forward-Looking Statements / 前瞻性陳述 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 diff
Slide 3: Land Acknowledgement
AC KNOWLE DGEMEN T / 權益認可 Land Acknowledgement 承認土地權益 Banyan Gold respectfully acknowledges that our offices and projects are located on the traditional territories of several Indigenous Peoples and First Nations. / Banyan Gold謹此承認，我們的辦公室和項目位於多個原住民和第一民 族的傳統領地之上。 AurMac Project / AurMac項目 First Natio
Slide 4: Value Creation Catalysts
IN VES TME NT TH ESIS / 投資邏輯 Value Creation Catalysts / 價值創造催化劑 Undervalued vs. peers, with a clear path to re-rating 估值低於同業，具備明確的估值重估路徑 AIRSTRIP Deposit Generational scale opportunity A U RM A C R ES OU R CE Airstrip礦床 A ur m a c 資 源量 概述 具備世代傳承規模的投資機遇 INDICATED: 01 840,000 oz. Au 3.64 Million +8 Mo
Slide 5: A Jurisdiction Built for Mining
A JURISDICTION BUILT FOR MINING & TSxXV: BYN | OTCQB: BYAGF
Slide 6: Infrastructure & Topography Set Banyan Apart
IN FRA STRUCTUR E A DVA NTA GE / 基礎 設施 優勢 Infrastructure & Topography Set Banyan Apart 基礎設施與地形條件使Banyan在同行中脫穎而出 138 kVa line, energized to 69 kVa substation. 40 km to the Mayo E LE CT RICI TY hydro dam, connected to the Yukon grid. BC–Yukon power grid 電力 條件 connection is a Federal Government priorit
Slide 7: Resource Growth <200m From Surface
MINE RAL R ESOU RCE ES TI MA TE / 礦產 資源 量估 算 Resource Growth <200m From Surface 距地表200米內實現資源量增長 PIT CONSTRAINED RESOURCE ESTIMATE 露天礦坑內礦產資源量估算 Deposits open 3.64M 4.98M in all directions — significant room for resource growth beyond the current pit-constrained estimate. Only 2% OZ AU IND ICAT ED OZ
Slide 8: Exceeding Expectation → Resource & High-Grade
2026 MRE HIGH LI GHTS / 2026年礦 產資 源量 估算 亮點 Exceeding Expectation→ Resource & High- Grade資源量與高品位均超出預期 Strong Conversion Powerline Indicated ounces 2.8M oz of gold (129.5M t) up 68% and grade 資源轉化潛力 improving 10% across the deposit. Indicated 3.64M oz incl. 2.45M oz at 1.00 g/t Au Powerline指示黃金資源量280萬
Slide 9: Cross-Section 466750mE — Airstrip & Powerline
GEOLOGY / 地質條件 Cross-Section 466750mE — Airstrip & Powerline 466750mE剖面——Airstrip與Powerline礦床 Mineralized domains are overlaid on the lithologic model. The MRE block model is constrained by mineralized and lithologic domains; resource blocks are 10m × 10m × 5m, with only blocks above 0.30 g/t Au cut
Slide 10: High-Value External Projects
POR TFOLIO GROWTH / 項目組合增長 High-Value External Projects 具備高價值的外部項目 Acquired 100% of Generic Gold's Yukon exploration portfolio — adding 2,158 claims across five project areas 收購Generic Gold育空勘探組合100%權益——在五個項目 區域新增2158個礦權 ~350 km² added / 新增約350平方公裏 High-target and earlier-stage exploration areas, ex
Slide 11: Indicated & Inferred Au by Cut-Off Grade
RE SOUR CE SEN SITIV ITY / 礦產 資源 量敏 感性 分析 Indicated & Inferred Au by Cut-Off Grade 不同邊界品位下指示與推斷黃金資源量 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 AurMac露天礦坑內礦產資源量在各邊界品位區間內的表現——隨著邊界品位上升，黃金盎司量（柱狀圖）
Slide 12: Capital Structure
CA PITAL MARK ETS / 資本市場 Capital Structure / 資本市場 S H A R E H OL D E R O W N E R S HI P / 股 東 持 股 結 構 Current Price 52-Wk High/Low $2.09 $2.15 / $0.64 Insiders Tara Christie 當前股價 52周股價最高/最低 Retail 内部人士… Insiders & Management / 內 Alpayana SAC Shares Outstanding 446M Market Cap ~$920M Investors 部人士及管理
Slide 13: Recent Financings & Analyst Coverage
CA PITAL MARK ETS / 資本市場 Recent Financings & Analyst Coverage 近期融資情況概述與分析師評級情況 R E CE N T F I N AN C I N G S / 近期 融資 情況 A N AL Y S T CO V E R AG E / 機 構 分 析 師 目 標 股 價 May 2026 / 2026年5月 $46.5 MILLION / $4650萬 Ovais Habib Scotiabank $3.00 $29.7M flow-through at $1.92 + $16.8M at $1.40 Simon Wildsmith
Slide 14: Gold Explorers — Market Value per Ounce
VA LUA TION / 估值對比 Gold Explorers — Market Value per Ounce 黃金勘探商估值對比，指標為每盎司黃金對應市場價值 Market cap / attributed resource (CAD$/oz Au Eq). Historical gold-sector takeovers cluster well above Banyan's current valuation — even before accounting for today's $4,000+ gold price. / 市值 / 歸屬資源量（加元/盎司黃金當量）。曆史上黃金板
Slide 15: AurMac vs. Select Open-Pit Gold Projects, North America
PE ER COMPA RIS ON / 同行 對比 AurMac vs. Select Open-Pit Gold Projects, North America AurMac與北美部分露天礦黃金項目對比 Potential with Regional Consolidation - Eagle & Raven & AurMac 區域整合潛力——Eagle & Raven & MINEABLE OZ AurMac 可采黃金盎司數 Fuerte Metals, backed 3.64 M oz Au at 0.68 g/t Indicated MRE by Pierre Lassonde, 指
Slide 16: Beyond Gold — Striking Silver
SILV ER DIS COVE RY / 白銀 發現 Beyond Gold — Striking Silver 不止於黃金——驚豔的白銀見礦結果 High-grade “Keno-style” silver mineralization intersected at AurMac — 8 confirmed veins, with potential to expand high-grade mineralization in each AurMac鑽遇高品位“Keno風格”銀礦化——已確認8條礦脈，且每條礦脈均有擴大高品位礦化的潛力 302.68 g/t Ag over 103.6 m
Slide 17: Regional Distribution of Major Projects
RE GIONAL GR OWTH / 區域 增長 潛力 Regional Distribution of Major Projects / 重點項目區域分布 Intrusion-Related Mineralised District / 與侵入岩相關的成礦區域 BANYAN GOLD • AurMac – advanced exploration / 高級勘探階段 • Nitra – grassroots exploration / 草根勘探階段 Other Companies / 其他公司 • Eagle – past producer / 曆史生 產商 • Sitka – explor
Slide 18: Regional Distribution of Major Projects
RE GIONAL GR OWTH / 區域 增長 潛力 Regional Distribution of Major Projects / 重點項目區域分布 Fence Diagram Trace from AurMac - through Nitra - to Sitka 從AurMac經Nitra至Sitka的柵欄圖剖面 F A B C D E Nitra Haldane AurMac Eagle Roaring Seattle (18km north) Airstrip Blackjack/ Polymetallic Fork Creek Powerline Saddle/Eiger
Slide 19: Nitra — 100% Owned, High-Priority Targets
EX PLORATION UPS IDE / 勘探上行潛力 Nitra — 100% Owned, High-Priority Targets Nitra——100%自有、高優先級靶區 Project Location Map for Banyan’s AurMac and Nitra Projects 423 km² 423平方公裏 • Road accessible / 交通便利 • Known intrusions at surface 已知侵入岩礦化始於地表 • 6+ active placer mines / 6個以 上在產砂金礦 DISTRICT-SCALE EXPLORATION
Slide 20: Franco-Nevada NSR Purchase — $52.2M CAD
ROY ALTY TR ANS ACTION / 權利 金交 易 Franco-Nevada NSR Purchase — $52.2M CAD Franco-Nevada斥資5220萬加元收購NSR權利金 AurMac Project with NSR Purchase area in darker grey. Current Resource area shown in black. AurMac項目，NSR購買區域以深灰色標示。當前資源區域以黑色標示。 The $52.2M covers a 6% NSR originally issued to Victoria Gold Corp.*
Slide 21: Robust Recoveries, Clear Permit Pathway
METALLUR GY & PE RMITTING / 冶金與許可 Robust Recoveries, Clear Permit Pathway 回收率穩健，許可路徑清晰 M E TA L LU R G Y — R O B US T R E CO V E R IE S P E RM I T T IM E LIN E / 許 可 時 間 表 冶金——回收率 穩健 Year 1 Year 2 Year 3 Year 4 Year 5 93% Gold Recovery 第一年 第二年 第三年 第四年 第五年 93%的黃金回收率 PEA / PFS / 初步經濟評估/ 預可行性研究 93% Car
Slide 22: Building the Right Team
LEADE RS HIP / 領導團隊 Building the Right Team / 打造一只萬事俱備的團隊 MANAG EMENT TEAM / 管理團隊 Tara Christie David Rutt Kai Woloshyn Jasmine Sangria Duncan MacKay Patrick Langlois MASc, P.Eng CMA, CPA BSc MBA MSc, P.Geo MBA, CFA Tanuja Skerlec VP Corporate Affairs President & CEO Chief Financial Officer VP Proje
Slide 23: Committed to Community & Responsible Growth
GIV ING BACK / 回饋社會 Committed to Community & Responsible Growth 以社區與負責任增長為己任 Yukon Geoscience Award Every Student, Every Day 育空地球科學獎 Registered charity co-founded by Tara Christie to support For contributing toward the development of grassroots educational projects that improve student healthier com
Slide 24: Hyland Gold Project — Updated MRE, 2025
POR TFOLIO — HY LAN D / 項目 組合——HY LAN D Hyland Gold Project — Updated MRE, 2025 Hyland黃金項目——2025年礦產資源量估算更新 Cutoff AuEq AuEq Oz Tonnes Au Grade Au Oz Ag Grade Ag Oz (AuEq g/t) Grade 黃金當量盎 噸 金品位 金盎司 銀品位 銀盎司 邊界金品位 金當量品位 司 Indicated / 指示資源量 0.5 11,272,000 0.93 337,000 7.27 2,634,000 1.02 368,000 Inferre
Slide 25: Significant Value / Re-Rate Potential
VA LUA TION OP PORTUNITY / 估值 機遇 Significant Value / Re-Rate Potential / 顯著的價值/重估潛力 Banyan's positioning on the Lassonde Curve — and relative valuation vs Yukon & Canadian peers (EV / Total Attributable Resource, US$/oz Au) Banyan在Lassonde曲線上的位置——以及與育空和加拿大同行的相對估值（企業價值/總歸屬資源量，美元/盎司黃金） The Lassonde Cu
Slide 26: Among Canada's Most Efficient Gold Explorers
CAP IT AL EF FI CI EN CY / 資 本 效率 Among Canada's Most Efficient Gold Explorers 加拿大最高效的黃金勘探商之一 Banyan maximizes dollars in the ground — delivering superior oz per metre drilled and maintaining disciplined G&A overhead. Banyan已將資金最大化地投入地下——實現卓越的每米鑽探黃金產出，並保持嚴格的企業管理及一般費用控制。 CON TAINED RESOURCE vs. MET R
Slide 27: Closing The Valuation Gap
VA LUA TION OP PORTUNITY / 估值 機遇 Closing The Valuation Gap / 彌合估值差距 Strategically positioned for higher gold & silver prices — with multiple near-term catalysts 戰略定位契合金價與銀價上漲趨勢——並具備多重近期催化劑 VALUATION ► Fully Funded Through 2027 + 70,000m Drill Program DISCONNECT 資金已完全落實至2027年 + 70,000米鑽探計劃 估值脫節 $46.5
Slide 28: Yukon Context — New Government, 2025
JURISDICTION C ONTE XT / 司法 管轄 區背 景 Yukon Context — New Government, 2025 育空地區——2025年新政府上任 Yukon election November 3, 2025; new Conservative government sworn in November 22. Pro-development signals across key ministries 育空地區2025年11月3日舉行選舉；新保守黨政府11月22日宣誓就職。關鍵部門釋放對礦產開發友好信號 P R E MI E R & F I N A N C E
Slide 29: Electrical Grid — Government Commitments
PE RMITTING / 許可審批 Electrical Grid — Government Commitments 電網設施——政府承諾 W HI TEH ORSE POW ER CENT RE EXPANSI ON W H Y I T M A T T E RS W HI TEH ORSE 電力中心擴建 重要性 體現在： Addition of ~160 MW of new generating capacity planned — significantly expanding regional power ➢ Expanding regional power capacity avai
Slide 30: Improving Permitting — Results Already Tangible
PE RMITTING / 許可審批 Improving Permitting — Results Already Tangible 許可審批流程改善——成效已然顯現 More decision documents issued and more water licences approved in the first 5 months of 2026 than the entire prior year 2026年前5個月發布的決策文件和水許可證批准數量均超過2025年全年總量 WAT E R BOA RD / 水資 源委 員會 W HY I T MAT T ERS FO R New app
Slide 31: A Year of Significant Advancement/Catalysts
2026 MIL ES TONE S / 2026年裏 程碑 A Year of Significant Advancement/Catalysts 項目開發實現顯著進展/諸多催化劑兌現的一年 AX-26-853: 5.58 g/t Au over AX-26-874: 13.03 g/t Au over 379% share price gain Fully funded 70,000m drill +2,158 Yukon claims · 720 21.7m · Powerline SW 14.2m · Powerline North in 2025 program — subscrib
Slide 32: Why Banyan. Why Now.
IN VES TME NT CAS E / 投資 邏輯 Why Banyan. Why Now. 為何當下是投資Banyan的大好時機？ Strategically positioned for higher gold & silver prices — with multiple near-term catalysts 戰略定位契合金價與銀價上漲趨勢——並具備多重近期催化劑 800% RESOU RCE GROWTH IN 3.5 YEA RS 3.5 年內 資源量增 長 800% → Active 70,000m+ drill program (46,000m drilled) 正在積極推
Slide 33: Contact
Banyan Gold is committed to environmental stewardship, sustainable development, advancing the principles of reconciliation, and shared generational prosperity for First Tara Christie Nations and communities. President & CEO Banyan Gold始終秉持對環境高度負責的態度，致力 總裁兼首席執行官 於可持續發展，積極推動與原住民的和解進程，旨在 tchristie@bany