Banyan Gold Completes Acquisition from Generic Gold

Banyan Gold Corp. has finalized its acquisition of a 100% interest in Generic Gold Corp.'s Yukon exploration portfolio. This acquisition includes 2,158 claims within the Goodman, Seattle, VIP, Summit, and Livingstone claim blocks in the Tintina Gold Belt. The transaction was settled through the issuance of 2,142,857 Banyan shares valued at $1.40 each, subject to hold periods under Canadian securities laws. The properties are acquired free of any royalties, except for a 1% net smelter returns royalty on specific claims.

Banyan's Board has also approved the granting of 50,000 stock options to its consultants and employees. These options are exercisable at $1.15 per share, with a vesting period of 18 months. Banyan's key assets, including the AurMac and Hyland Gold Projects, present significant mineral resources across Yukon Territory.