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CRANBROOK, BC / ACCESS Newswire / February 24, 2025 / Eagle Royalties Ltd. (CSE:ER), or "Eagle Royalties")) has recently learned of encouraging drill hole intercepts from the Airstrip Deposit at Banyan Gold Corp.'s AurMac project in central Yukon (see Feb 19^th BYN news release here). Eagle Royalties holds a 2% royalty (with no buy-down provision) on mineral claims overlying the area of recently reported drilling. Eagle Royalties holds royalty interests ranging from 0.5% to 2% (with no buy-down provision) on numerous claims located within an inferred resource area as defined by Banyan. See additional AurMac royalty information here

According to the recent announcement, Banyan has reported results for 16 holes drilled in the Airstrip area. Highlighted reported results for the recently announced holes are as follows*:

Highlighted Assay Results Relating to Eagle Royalties**:

• AX-24-558: 7.2 metres ("m") of 2.93 g/t Au from 205.7 m

• AX-24-569: 4.5 m of 4.49 g/t Au from 240.5 m

• AX-24-573: 34.1 m of 0.66 g/t Au from 55.7 m

• AX-24-577: 105.8 m of 0.60 g/t Au from 39.5 m

• AX-24-581: 43.1 m of 0.71 g/t Au from 62.4 m

• AX-24-586: 34.9 m of 0.70 g/t Au from 6.1 m

• AX-24-586: 29.9 m of 0.78 g/t Au from 66.1 m

• AX-24-588 17.1 m of 1.29 g/t Au from 65.9 m

• AX-24-590: 15.9 m of 9.32 g/t Au from 65.7 m

  • Including: 3.7 m of 33.43 g/t Au from 77.9 m

• AX-24-593: 13.8 m of 3.81 g/t Au from 67.6 m

• AX-24-636: 90.0 m of 0.44 g/t Au from 68.5 m

*Complete analytical results can be found within the original Banyan news release here
**true widths are estimated by Banyan to be approximately 90% of drilled intervals

See drill-hole locations here

The above technical information relating to drill collar location and analytical results have been taken directly from the Banyan Gold news release dated February 19^th, 2025. More detailed drilling information, analytical procedures and results are available in the full news release issued by Banyan. Eagle Royalties management believes that although the reported true thickness estimates and drill collar location coordinates are accurate, it cautions that ER does not have detailed geological data or final surveyed locations of the drill hole traces in relation to the claims that are underlain by the ER royalty interests.

As reported by Banyan, the company initiated its 2024 exploration program on June 1 2024, and has completed 118 drill-holes and over 21,000 m of drilling within the Powerline and Airstrip deposit areas.

On September 16^th 2024 Banyan reported test recoveries of 93% in samples at Powerline and 90% at Airstrip using multiple conventional mill processing options including gravity recovery in combination with Carbon in Leach ("CIL")/Carbon in Pulp ("CIP") processes, and that work is ongoing for flotation-leach (see complete BYN news release here).