Banyan Coast Capital Corp. Announces Closing of Initial Public Offering

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Banyan Coast Capital Corp. ("Banyan" or the "Corporation") (TSX VENTURE:BYN.P)
is pleased to announce that it has successfully completed its initial public
offering ("Offering") raising gross proceeds of $300,000 pursuant to a
prospectus dated November 23, 2010. An aggregate of 2,000,000 common shares in
the capital of the Corporation (the "Shares") were subscribed for at a price of
$0.15 per Share.


Mackie Research Capital Corporation (the "Agent") acted as the agent for the
Offering. The Agent, and its designated sub-agents, received a cash commission
equal to 10% of the gross proceeds of the Offering and an option to purchase
200,000 Shares at a price of $0.15 per Share for a period of 24 months from the
date of listing of the Shares on the TSX Venture Exchange ("Exchange"). The
Agent also received a corporate finance fee.


Banyan has received conditional listing approval from the Exchange for its
Shares and expects that trading will commence on January 27, 2011 under the
stock symbol BYN.P.


Banyan Board of Directors

The Board includes: Richmond Graham, President, Chief Executive Officer,
Director, David M. Rutt, Chief Financial Officer, Corporate Secretary, Director,
Mark Ayranto, Director and John Hilland, Director. The Banyan team has
experience in resource development including mining & mineral exploration and
oil & gas. On completing the Offering, Richmond Graham commented "The Board is
pleased with the shareholder support through the Offering and we look forward to
using our collective skill set to create value as we move Banyan forward".


About the Corporation

Banyan is a capital pool company ("CPC") within the meaning of the policies of
the Exchange that has not commenced commercial operations and has no assets
other than cash. Except as specifically contemplated in the CPC policy, until
the completion of its Qualifying Transaction, the Corporation will not carry on
business, other than the identification and evaluation of companies, business or
assets with a view to completing a proposed Qualifying Transaction.


Forward Looking Information

Information set forth in this news release contains forward-looking statements.
These statements reflect management's current estimates, beliefs, intentions and
expectations; they are not guarantees of future performance. The Corporation
cautions that all forward looking statements are inherently uncertain and that
actual performance may be affected by a number of material factors, many of
which are beyond the Corporation's control. Such factors include, among other
things: risks and uncertainties relating to its ability to identify, evaluate
and complete a Qualifying Transaction and other risks and uncertainties,
including those described in the Corporation's prospectus dated November 23,
2010 filed with the Canadian Securities Administrators and available on
www.sedar.com. Accordingly, actual and future events, conditions and results may
differ materially form the estimates, beliefs, intentions and expectations
expressed or implied in the forward looking information. Except as required
under applicable securities legislation, the Corporation undertakes no
obligation to publicly update or revise forward-looking information.


The Shares offered have not been and will not be registered under the United
States Securities Act of 1933, as amended and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirement. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any sale of the
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.

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