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Cautionary Notes

General Disclaimer

Battle North Gold Corporation (“Battle North” or the “Company”) has taken all reasonable care in producing and publishing information contained on this website and will endeavor to do so regularly. Material on this website may still contain technical or other inaccuracies, omissions, or typographical errors, for which Battle North assumes no responsibility. Battle North does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this website. Under no circumstances, including, but not limited to, negligence, shall Battle North be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this website. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this website, except for personal use, unless you have obtained the Company’s express permission.

The Toronto Stock Exchange (“TSX”) has not reviewed the information on this website and does not accept responsibility for the adequacy or accuracy of it.

Cautionary Statements regarding Forward-Looking Statements and Other Matters

Forward-Looking Statements

All statements, other than statements of historical fact, contained or incorporated by reference on this website (including any presentations and other documentation posted hereon or linked herefrom, “Site Content”), which includes any information as to the outlook and future performance of the Company or the Project, constitute “forward-looking statements” and “forward looking information” within the meaning of applicable Canadian and United States securities legislation (collectively, “forward-looking statements”). Generally, forward-looking statements can be identified by the use of forward-looking terminology such as “ample”, “anticipate”, “appear”, “assumption”, “believes”, “conceptual”, “contemplate”, “contingency”, “conversion”, “could”, “demonstrate”, “development”, “encouraging”, “enhance”, “emerging”, “estimate”, “expect”, “exploration”, “evaluation”, “factors”, “feasibility”, “focus”, “forward”, “future”, “goal”, “indication”, “intends”, “lowered”, “may”, “manageable”, “mineable”, “model”, “objective”, “on track”, “opportunity”, “outlook”, “plan”, “potential”, “preliminary”, “Preliminary Economic Assessment” (or “PEA”), “probability”, “profile”, “progress”, “project”, “prospective”, “reduced”, “risk”, “schedule”, “sensitivities”, “should”, “strategy”, “study”, “target”, “uncertainties”, “upgrade”, “upside”, “validate”, “viability”, “view”, “vision”, and “will”, or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, will (or not) be achieved, occur or result in the future. In some cases, forward-looking statements may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect. Forward-looking statements include, statements regarding mineralization and mineral resources including tonnes and grade (which are estimates only) and upgrading (or converting) and/or expanding or increasing mineral resource estimates, including any further steps necessary to do so, and implications thereof; preliminary economic assessments, feasibility and other studies (including the 2019 preliminary economic assessment for the Project (the “2019 PEA”) and the ongoing feasibility study for the Project), technical reports, or geological, structural or other modelling (including continuation of related work and sufficiency of the funding therefor, timing of delivery, and the results and other content thereof including economics, such as return on capital or IRR and NPV, free cash flow, gold production (payable or otherwise), capital and operating costs, life of mine (or LOM) and any mine plans, estimated tonnes and grade, mineable inventory, construction period and other results, all of which are estimates only); the String of Pearls (including the McFinley Zone and Pen Zone), Explore Target areas, regional exploration targets and other areas of mineralization subject to exploration including expected or proposed exploration and development activities and any impact of such activities; mine plans including any potential increases in mine life; exploration programs at the Bateman Gold Project or elsewhere including the String of Pearls (including the McFinley Zone and Pen Zone), Explore Target areas, regional Red Lake properties or elsewhere (including results and potential impact); gold price and USD/CAD exchange rates; statements regarding the impact of health, safety and security measures or protections, and other protocols, implemented by the Company’s in response to the quickly evolving Coronavirus (or COVID-19) situation, and the Company’s ability to respond in the future to that situation, including the implementation any new such or other measures or protections and the impact thereof.

Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. The assumptions, estimates, expectations and opinions referenced, contained or incorporated by reference in Site Content which may prove to be incorrect include those set forth in Site Content, in the Company’s Management’s Discussion and Analysis for ( “MD&A”) and the accompanying financial statements for the most recent quarter and year ended and in the most current technical report for the Project (all of which documents are available under the Company’s profile at www.sedar.com and on its website at www.battlenorthgold.com), as well as: (1) permitting, exploration and development at the Bateman Gold Project being consistent with the Company’s current expectations including, without limitation, the maintenance of existing permits, licenses and other approvals and the timely receipt of other permits, licenses and other approvals necessary from time to time; (2) political and legal developments in any jurisdiction in which the Company operates being consistent with its current expectations; (3) the completion of exploration programs and studies, including the anticipated feasibility study on the Bateman Gold Project, on the timelines currently expected (notwithstanding the risks, uncertainties, contingencies and other factors described below including the quickly evolving COVID-19 coronavirus (“COVID-19”) situation), and the results being consistent with the Company’s current expectations; (4) the exchange rate between the Canadian dollar and the U.S. dollar being approximately consistent with current levels; (5) certain price assumptions for gold; (6) prices for diesel, natural gas, electricity and other key supplies being approximately consistent with current levels; (7) the accuracy of current mineral resource estimates (including to ore tonnage and ore grade) and the 2019 PEA, and the Company’s internal studies, models and assessments; (8) labour and materials costs being consistent with the Company’s current expectations; and (9) the Company’s ability to meet current and future debt obligations or to complete future financings to raise additional capital as and when needed.

Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and factors include, among others: gold price fluctuations; possible variations in mineralization, grade or recovery or throughput rates; uncertainty of Mineral Resource estimates, inability to realize exploration potential, mineral grades and mineral recovery estimates; actual results of exploration activities; delays in completion of exploration plans for any reason including insufficient capital; labour issues; suppliers and service providers, including labour shortages and/or work curtailments or stoppages as may result from the Coronavirus (or COVID-19); conclusions of economic or geological evaluations including the 2019 PEA and the ongoing feasibility study for the Project (including the timing of its delivery and the results thereof); changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated; accidents and other risks of the mining industry; delays and other risks related to operations; the ability to obtain and maintain permits and other regulatory approvals (as well as the timing and terms thereof) and to comply with such permits, approvals and other applicable regulatory requirements; the ability to comply with its obligations under material agreements including the Company’s current loan facility and other financing agreements; the availability of financing for proposed programs and working capital requirements on reasonable terms and in a timely manner; the ability to meet, repay, or refinance, or replace, or renegotiate current and future debt obligations on reasonable terms and in a timely manner including the current loan facility and closure and reclamation surety bond; the ability of third-party service providers and other suppliers to deliver on reasonable terms and in a timely manner (including those working on the ongoing feasibility study for the Project); risks associated with the ability to retain key executives and key operating personnel; cost of environmental expenditures and potential environmental liabilities; relations with local communities including First Nations; failure of plant, equipment or processes to operate as anticipated; cost of supplies; market conditions and general business, economic, competitive, political and social conditions; the Company’s ability to generate sufficient cash flow from operations or obtain adequate financing to fund our capital expenditures and working capital needs and meet our other obligations; the volatility of our stock price, and the ability of our common stock to remain listed and traded on the TSX; epidemics, pandemics and other public health crises, including COVID-19 or similar such viruses; impact of natural disasters and other environmental phenomena and weather events including climate change, flood and forest fire; and the “Risk Factors” in the Company’s most recently filed annual information form (“AIF”) as well as the risks, uncertainties, contingencies and other factors identified in the Company’s most recently filed technical report for the Project and MD&A and accompanying financial statements for the most recent quarter and year ended, all of which are available under the Company’s profile on SEDAR at www.sedar.com and on its website at www.battlenorthgold.com. The foregoing assumptions, risks, uncertainties and other factors is not exhaustive; readers should consult the more complete discussion of the Company’s business, financial condition and prospects that is provided in the Company’s most recently filed AIF.

The forward-looking statements contained or incorporated by reference in Site Content are expressly qualified by these Cautionary Statements, as well as any cautionary statements therein, and the Cautionary Statements in the Company’s most recently filed AIF and technical report for the Project and its MD&A for the most recent quarter and year ended. Forward-looking statements contained herein are made as of the date specified and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws.

2019 Preliminary Economic Assessment

The 2019 PEA is only a conceptual study of the potential viability of the Project, and the economic and technical viability of the Project has not been demonstrated. The 2019 PEA is preliminary in nature and provides only an initial, high-level review of the Project’s potential and design options; there is no certainty that the 2019 PEA will be realized.

Mineral Resources

Until mineral deposits are actually mined and processed, mineral resources are estimates only. Mineral resource estimates that are not “mineral reserves” do not have demonstrated economic viability. The estimation of mineral resources is inherently uncertain, involves subjective judgement about many relevant factors and may be materially affected by, among other things, environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant risks, uncertainties, contingencies and other factors described in the foregoing Cautionary Statements, as well as those described in the Company’s most recently filed AIF and technical report for the Project, and its MD&A and accompanying financial statements for the most recent quarter and year ended. The quantity and grade of reported “Inferred” mineral resource estimates are uncertain in nature and there has been insufficient exploration to define “Inferred” mineral resource estimates as an “Indicated” or “Measured” mineral resource and it is uncertain if further exploration will result in upgrading (or converting) “Inferred” mineral resource estimates to an “Indicated” or “Measured” mineral resource category. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation, which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral resource estimates may have to be re-estimated based on, among other things: (i) fluctuations in mineral prices; (ii) results of drilling, and development; (iii) results of test stoping and other testing; (iv) metallurgical testing and other studies; (v) results of geological and structural modeling including stope design; (vi) proposed mining operations, including dilution; (vii) the evaluation of mine plans subsequent to the date of any estimates; and (viii) the possible failure to receive required permits, licenses and other approvals. The mineral resources estimates referenced in this news release were reported using Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves in accordance with National Instrument 43-101 of the Canadian Securities Administrators (“NI 43-101”).

U.S. Readers

Information concerning descriptions of mineralization and mineral resources estimates contained in this news release may not be comparable to information made public by United States companies subject to the reporting and disclosure requirements of the United States Securities and Exchange Commission (“SEC”) under applicable United States securities laws. Canadian reporting requirements for disclosure of mineral properties are governed by NI 43-101. The definitions used in NI 43 101 differ from the definitions under applicable United States securities laws. For example, this news release uses the terms “Measured” and “Indicated” mineral resources and “Inferred” mineral resources which, while defined by NI 43-101 and recognized and required by the Canadian Securities Administrators, are not recognized by the SEC. The estimation of “Measured”, “Indicated” and “Inferred” mineral resources involves greater uncertainty as to their existence and economic feasibility than the estimation of a “Reserve”. The estimation of “Inferred” mineral resources involves far greater uncertainty as to their existence and economic viability than the estimation of other categories of mineral resources. It cannot be assumed that all or any part of a “Measured”, “Indicated” or “Inferred” mineral resource estimate will ever be upgraded (or converted) to a higher category.

It should not be assumed that any part or all of a “Measured”, “Indicated” or “Inferred” mineral resource estimate exists or is economically or legally mineable. Under Canadian securities laws, estimates of “Inferred” mineral resources may not form the basis of feasibility studies, pre-feasibility studies or other economic studies, except in prescribed cases, such as in a preliminary economic assessment under certain circumstances. The SEC normally only permits issuers to report mineralization that does not constitute “Reserves” as in-place tonnage and grade without reference to unit measures. Under U.S. standards, mineralization may not be classified as a “Reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the “Reserve” determination is made.

Qualified Persons

Unless expressly stated otherwise in respect of or within Site Content, the technical and scientific information provided on this website has been reviewed, verified and approved by Michael Willett, P.Eng., Director of Projects for Battle North, and Isaac Oduro, P.Geo., Manager of Technical Services for Battle North, each of whom is a Qualified Person as defined by NI 43-101.