Battle North Gold Achieves 21% Growth In Measured And Indicated Mineral Resource Estimates

TORONTO - Battle North Gold Corp. reported updated mineral resource estimates (collectively, the " Updated 2020 Mineral Resource Estimate ") for the Bateman Gold Project (formerly known as the Phoenix Gold Project), prepared in accordance with National Instrument 43-101 of the Canadian Securities Administrators (NI 43-101). The ongoing Feasibility Study work for the Project remains on schedule for completion in the second half of 2020 (H2/2020).

Updated 2020 Mineral Resource Estimate 1 metrics, based on a 3.0 g/t Au cut-off grade: Measured and Indicated mineral resource estimates, in aggregate, increased 21% to 979,000 ounces of gold compared to the January 2020 Estimate 4 of 811,000, reflecting an increase in the estimated average grade of 3% to 6.63 g/t Au as compared to 6.45 g/t Au for the January 2020 Estimate; As a result of the successful net conversion to Measured and Indicated mineral resources, Inferred mineral resource estimates decreased 39% to 283,000 ounces of gold compared to the January 2020 Estimate of 464,000 ounces of gold, reflecting a decrease in the estimated average grade of 6% to 6.57 g/t Au compared to 6.97 g/t Au for the January 2020 Estimate; and The increase in the Measured and Indicated mineral resource estimates was mainly between the planned 854 meter (m) and 1,098 m Levels and was attributable to the Company's successful oriented infill drilling program between those levels this year.

The Company achieved greater than 90% conversion rate of Inferred mineral resource estimates to the Measured and Indicated categories. The Updated 2020 Inferred mineral resource estimate extends down to the 1,403 m Level presenting an opportunity to further expand the Measured and Indicated mineral resource estimate at depth with additional orientated infill drilling. The geological and structural model, as developed in 2018 and updated in early 2020 5 , continues to be observed at depth throughout the F2 Gold Zone. The F2 Gold Zone remains open along strike and at depth. The mineral resource modeling method and estimation parameters used were consistent to the January 2020 Estimate.

The 2020 Updated Inferred mineral resource estimate of 1.3 million tonnes grading 6.56 g/t Au for 282,000 ounces has the potential to be upgrade to the Measured and Indicated categories with future orientated infill drilling. Areas of focus are between the 488 m and 732 m Levels, and between the 915 m and 1,098 m Levels; these areas are within the potential development and production plans being contemplated in the ongoing Feasibility Study work. In addition, the sparsely drilled "Explore Target 6 " areas containing approximately 1.0 to 1.3 million tonnes grading 5.0 to 7.0 g/t Au (based on 3.0 g/t Au cut-off) have the potential to be upgraded to a mineral resource estimate with further orientated infill drilling.

President and Chief Executive Officer George Ogilvie, said, "The expansion of the Measured and Indicated mineral resource estimate to 979,000 ounces gives us confidence that we can potentially extend the current conceptual mine life to the Bateman Gold Project 5 within our impending Feasibility Study. The weighted average drill density within the Updated 2020 Measured and Indicated mineral resource estimate categories is 17 m drill centre spacing, providing us with a great degree of confidence in the data that drives the estimates. We are particularly pleased with two key aspects of the exploration program. The first was the high conversion rate of the January 2020 Inferred mineral resource estimate ounces into the Indicated category, which exceeded 90%. The second was the addition of approximately 132,000 higher-grade ounces in the Updated 2020 Indicated mineral resource estimate grading 8.15 g/t Au between the 976 m and 1,098 m Levels. These results provide strong indications of the further potential exploration upside of the F2 Gold Zone at the Bateman Gold Project. We have made good progress with the mine planning, engineering work, capital cost request for proposals (" RFP ") and believe we are more than 75% complete with the feasibility work programs. We remain on track to deliver the Feasibility Study in the second half of 2020."