High-Grade Mineralization At McFinley and Pen Zones Near Bateman Gold Project

TORONTO - Battle North Gold Corporation reported additional high-grade assay results from the confirmatory drilling program at the McFinley and Pen Zones, which form part of the "String of Pearls" exploration targets near the Bateman Gold Project infrastructure. The drilling programs at the McFinley Zone (46 m, 84 m and 122 m Levels) and the Pen Zone (244 m Level) are focused on confirming historical drilling and potentially defining mineral resource estimates.

President and Chief Executive Officer, George Ogilvie, said, "The results from the exploration drilling at the McFinley and Pen Zones are expected to provide sufficient information to compile an NI 43-101 mineral resource estimates for these zones, which are located less than three hundred metres below surface. We continue to believe that both the McFinley and Pen Zones, which are in close proximity to the Bateman Gold Project's infrastructure, exhibit the potential to provide future incremental mill feed to augment the Project's anticipated production profile. The high-grade intercepts encountered signal the upside potential of these zones, which remain open both across strike and at depth. We remain on track to complete NI 43-101 mineral resource estimates at the McFinley and Pen Zones in the fourth quarter of 2020 and first quarter of 2021, respectively."

The Company has completed approximately 1,620 m of drilling at the McFinley Zone at the 46 m, 84 m, and 122 m Levels. The drilling program targeted the gold mineralization hosted in gold-bearing quartz veins and sulphides in the banded-iron formation ("BIF") and basaltic unit settings. The McFinley Zone is comprised of three distinct sub-zones of mineralization denoted as the B, C, and D Zones. Within these sub-areas of mineralization, multiple parallel zones have been identified through this drill program and the re-interpretation of historical drilling.

In 2020, Battle North has to date completed approximately 2,600 m of drilling at the Pen Zone. Drilling was undertaken from the 244 m Level exploration drift. The Company has targeted the high-titanium basaltic units ("High-Ti Basalt Units"), which are the main host rock of gold mineralization in this zone and is also the main host rock of gold mineralization at the F2 Gold Zone of the Bateman Gold Project. As part of the Pen Zone drilling program, drill hole 244L-20-05 intersected a mafic/ultramafic contact towards the end of the hole containing gold mineralization, which ties in with ongoing modeling and re-interpretation work utilizing historical drill hole information. Other areas of high-grade gold mineralization are located along the contact between chlorite-pyrite+/-ankerite altered mafic and ultramafic rocks east of the East Bay Deformation Zone ("EBDZ"). This mafic/ultramafic structure runs parallel to the EBDZ. Work is ongoing to advance understanding of the structure.