Banyan Gold Intersects More High-Grade Mineralization in Powerline with Increased Instances of Visible Gold, Yukon, Canada

Feb 17, 2026, TSX-V: BYN

VANCOUVER, BC, Feb 17, 2026 - Banyan Gold Corp. (the "Company" or "Banyan") (TSX-V: BYN) (OTCQB: BYAGF) is pleased to announce it has intersected high-grade gold (“Au”) mineralization and visible gold (“VG”) in numerous intervals in central Powerline Deposit (“Powerline”) at its AurMac Project (“AurMac”), Yukon, Canada.

Powerline Highlights:

• AX-25-798 – 1.91 g/t Au over 11.4m, 2.00 g/t Au over 25.0m, 4.59 g/t Au over 5.0m, 1.44 g/t Au over 5.0m, and 1.12 g/t Au over 7.5m, all within 0.61 g/t Au over 239.2m; includes high grade intervals of 26.61 g/t Au over 0.6m, 14.00 g/t Au over 1.5m, and 18.10 g/t Au over 1.5m;
• AX-25-805 – 1.32 g/t Au over 8.7m, within 0.39 g/t Au over 103.7m;
• AX-25-810 – 0.92 g/t Au over 15.9m, within 0.68 g/t Au over 40.1m;
• AX-25-816 – 0.67 g/t Au over 32.9m; includes 22.11 g/t Au over 0.5m,
• AX-25-822 – 3.56 g/t Au over 2.3m, within 0.49 g/t Au over 66.6m; includes highgrade interval of 11.65 g/t Au over 0.4m;
• AS-25-823 – 1.02 g/t Au over 10.0m, AND, 3.04 g/t Au over 6.1m, within 0.59 g/t Au over 57.3m;

“These high-grade intersections from Powerline continue to strengthen the continuity and to define the high-grade portions of the deposit, supporting the refined geologic and mineralization model, the upcoming Resource update and Preliminary Economic Assessment,” said Tara Christie, President and CEO. “Visible gold associated with highgrade intervals was identified in every drill hole in this release across an over 500m long zone of the center of Powerline (from AX-25-810 to AX-25-805). These results highlight the continued potential for expanding near surface, high-grade mineralization.”

Figure 1: Plan map of highlight gold intersections at AurMac.

Figure 2: Visible gold intersections in drillholes from Central Powerline. Top left - AX-25-798 – 94.0m. Top Right – AX-25-805 – 154.3m. Middle Left – AX-25-822 – 106.2m. Middle Right – AX-25-816 – 90.0m. Bottom Left - AX-25- 810 – 184.3m. Bottom Right - AX-25-823 – 86.7m. While visible gold at Powerline is typically (but not always) indicative high-grade intervals, the potential for heterogeneous distribution of gold in a recovered drill core and analyte material that is processed by the laboratory, means not all instances of visible gold will be reflected in highgrade assay results.

Figure 3: Cross-section A-B in Central Powerline (See Figure 1). High-grade mineralization in AX-25-798, -810 and - 822 has the potential to extend mineralized domains just below the conceptual pit boundary from the 2025 MRE. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate.

Figure 4: High-grade gold mineralization in AX-25-798 hosted in large cross-cutting quartz vein and associated centimetre-scale sheeted veins. Visible gold grains intergrown with Bi-sulphosalts in quartz veins are typical of highgrade mineralization in Powerline (See Figure 2).

Figure 5: Cross-section 467100mE in Powerline (See Figure 1). Mineralization in AX-25-823 has the potential to extend high-grade mineralization, convert waste blocks and extend the conceptual pit wall. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate.

Figure 6: High-grade mineralization in AX-25-823 associated with sheeted quartz veins cross-cutting metasedimentary rocks of the Hyland Group. Sheeted veins contain visible gold grains intergrown with Bi-sulphosalts and arsenopyrite.

Figure 7: Cross-section 467250mE Figure 1 in Powerline. High-grade gold mineralization intersected in multiple drill holes highlights the continuity and potential for down-dip extensions of mineralized domains and convert waste blocks. Magenta outlines show preliminary potential mineralized zones. Once refined, these domains will aid in better constraining estimations of the distribution of gold in the Mineral Resource Estimate.

Table 1: Diamond drillhole assay intercepts for Aurex Hill in this release

Note: Calculated true widths for AX-25-805 and -823 are approx. 90% of reported drill widths.

Calculated true widths for AX-25-798 are approx. 75% of reported drill widths.

Calculated true widths for AX-25-810, -816, -820 are approx. 45% of reported drill widths.

Table 2: Collar Locations for drillholes in this release

Analytical Method and Quality Assurance/Quality Control Measures

All diamond drill core was systematically logged and photographed by Banyan geology personnel. All core samples (HTW and NTW diameter) were split on-site at Banyan’s core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas’s Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.

Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples. Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.

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About Banyan

Banyan's primary asset, the AurMac Project is located in the Traditional Territory of First Nation

kilometres (“sq km”) AurMac Project lies 40 kilometres from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage.

Table 3: Pit-Constrained Indicated and Inferred Mineral Resources – AurMac Project

Notes to Table 3:

1. The effective date for the MRE is June 28, 2025, and was prepared by Marc Jutras, P.Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent "Qualified Person" within the meaning of NI 43-101.

2. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, changes in global gold markets or other relevant issues.

3. The CIM Definition Standards were followed for classification of Mineral Resources. The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated Mineral Resource.

4. Mineral Resources are reported at a cut-off grade of 0.30 g/t gold for all deposits, using a US$/CAN$ exchange rate of 0.73 and constrained within an open pit shell optimized with the Lerchs-Grossman algorithm to