Battle North Gold Corporation announced a positive Feasibility Study for the shovel-ready Bateman Gold Project. All references to dollars herein are in Canadian dollars unless otherwise specified. Numbers in tables and diagrams may not add due to rounding. Key Takeaways from the Feasibility Study: The Feasibility Study LOM of an estimated 8.2 years is 2 years longer than the 2019 PEA10 Conceptual LOM. Pre-CP ramp-up period of an estimated 21 months to Commercial Production and anticipated Initial Production commencing an estimated 7 months after construction start, are comparable to the 2019 PEA ramp-up timelines. Initial Capital (Pre-CP) of an estimated $109.3 million (inclusive of 10% contingency) and Sustaining Capital (CP) of an estimated $27.0 million per CP year are comparable to the 2019 PEA Initial Capital ($101.2 million) and Sustaining Capital ($30.0 million/CP year) estimates, respectively. Early operating cash flow estimate of $34.2 million during the forecast Pre-CP period and application of the Company's tax loss pools over the LOM plan help drive the estimated after-tax IRR, after-tax NPV5%, LOM FCF and lower the Projected Funding Requirement. The Feasibility Study benefits from more than $770 million in sunk capital including a fully-operational 1,800 tpd mill, a 730-metre deep shaft and hoisting facility, an existing tailings management facility, and more than 14,000 meters of developed mine workings. Excess mill capacity enables the potential to process incremental tonnes from the F2 Gold Deposit along strike and at depth, and at the emerging McFinley and Pen Zone targets. The Project benefits from more than 14,000 m of extensive developed mine workings and related site infrastructure. The Project has an operational shaft down to 730 m below the surface, with loading pockets located at the 337 m and 685 m Levels. Most of the existing underground development, including lateral development, a partially completed ramp system, waste/ore passes, and ventilation raises, are located between 122 m and 305 m Levels. The Feasibility Study contemplates an estimated 36,657 m of underground waste development (28,123 m lateral, 6,839 m ramp, and 1,695 m vertical) throughout the LOM plan. The increase in underground development meters compared to the 2019 PEA is attributed to higher estimated ore tonnes in the Feasibility Study LOM mine plan and additional lateral development to access the stopes as a result of additional engineering. The Feasibility Study contemplates an estimated 8,562 m of underground waste development, including raises for ventilation and a ramp to surface, for the 21-month Pre-CP period. The Pre-CP underground development meters are anticipated to provide access to an estimated 40 to 50 working stopes and up to 9 months of development flexibility ahead of mining, before Commercial Production is forecast to be declared. The Feasibility Study contemplates the use of contractors during the Pre-CP development with a transition to an owner-operated team during CP. The Feasibility Study assumes peak development rates of 24 m (or 6 rounds) per day, with an average of 18.2 m (5 rounds) per day LOM. The Feasibility Study contemplates mining 403 stopes comprising more than an estimated 3.5 million tonnes of ore over the estimated LOM. Based on a USD 1,375/oz gold price assumption, the stope shapes were designed using a blended 3.41 g/t Au mining cut-off grade (including Cut-and-Fill ("C&F") Talc stopes, where a 5.0 g/t Au mining cut-off grade was applied). The Company and its consultants identified an additional 100 stopes that fall below the 3.41 g/t Au mining cut-off grade assumed in the Feasibility Study (and are therefore not included) which could potentially be included in a future LOM plan with further engineering, infill diamond drilling, and utilizing a lower mining cut-off grade (based on a higher gold price assumption). The Feasibility Study reflects extensive geo-mechanical and geo-technical analysis towards the stope design and underground development planning, resulting in smaller average stopes sizes that require additional underground development metres when compared to the 2019 PEA. The Feasibility Study contemplates that mined ore will be mucked from the stope draw point, transported to Level re-mucks where it will be loaded into trucks for haulage to surface or to the 610 m Level truck dump/grizzly prior to being skipped to surface and stockpiled. Prior to mill processing, the stockpiled ore would be sent to the primary surface crusher and crushed to a size minimum size of 150 mm (or 6-inch minus), the optimal feed for the Semi-Autogenous mill. The Feasibility Study estimates total LOM payable gold production of 602,987 oz over a period of 8.2 years, of which 47,829 ounces of production is estimated during the 21-month Pre-CP ramp-up period. Annual production during CP averages an estimated 79,308 oz per year over the 7-year CP period. The Project has an operational mill processing facility at site. The main components of the Project mill are a SAG grinding unit, Knelson gravity concentrators, a ball mill, and the carbon-in-leach circuit. The Project mill has an estimated top-end capacity throughput of 1,800 tpd at the current configuration with minor upgrades. Prospective further capital upgrades (primarily installing an additional ball mill) could potentially expand mill capacity up to an estimated 2,500 tpd. During the 2018 bulk sample processing program11, the existing Project mill achieved an average throughput of 1,540 tpd (based on a 22-hour mill availability) and gold recoveries of 95.1% (43.2% from gravity); the Feasibility Study assumes similar mill recovery estimates. The Feasibility Study contemplates a 21-month ramp-up period to Commercial Production4, which commences in Year 1 of the LOM financial model in the Feasibility Study. The LOM plan in the Feasibility Study forecasts commencement of stockpiling ore shortly after the start of construction, with processing of stockpiles forecast to commence after 7 months of the Pre-CP period (i.e., in Year -2 stub year). The Feasibility Study assumes an application to amend the Project permits to a higher throughput rate of 1,800 tpd during the Pre-CP period in order to be able to operate above 1,250 tpd from Year 2 of CP. The Project currently has an existing TMF and operating water treatment plant. The Feasibility Study includes the expansion of the TMF and addition of an ammonia treatment unit to the current water treatment plant.