RED LAKE'S NEXT GOLD PRODUCER

AMVEST-OTC MARKETS

GLOBAL METALS AND MINING

VIRTUAL CONFERENCE

FEBRUARY 16, 2021

Cautionary Statements Regarding Forward-Looking Statements and Other Cautionary Notes

All statements, other than statements of historical fact, contained or incorporated by reference in, or made during the presentation or discussion of, this presentation and its subject matter, including any information as to the future performance of the Company or the Project, constitute "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "anticipate", "aspiring", "assumption", "believes", "conceptual", "contemplate", "contingency", "could", "demonstrate", "development", "emerging", "economics", "enhance", "estimates", "evaluating", "expected", "expedited", "exploration", "feasibility", "Feasibility Study" (or "FS"), "forecast", "forward", "future", "goal", "growth", "indication", "initiatives", "may", "manageable", "measures", "metric", "mineable", "model", "ongoing", "opportunity", "optimization", "path", "plan", "potential", "preliminary", "Preliminary Economic Assessment" (or "PEA"), "profile", "project", "projected", "priority", "risk", "proposition", "scenarios","sensitivities", "should", "shovel-ready", "strategies", "study", "target", "task", "timelines", "translates", "uncertainties", "upgrades", "upside", "viability", "view" 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 or occur in the future. In some cases, forward-looking information 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, but not limited to statements regarding 2021 budgets, goals, plans and tasks; value proposition; Red Lake's next gold producer; Mineral Reserve and Mineral Resource estimates (or "MRE") and other mineralization including Explore Targets, Pen, CARZ and Island Zones (or "String of Pearls") (including any future MRE therefor, incremental mill feed therefrom or other organic growth); the details of the Feasibility Study (including any financial and/or economic metrics and results, such as return on capital (including internal rate of return or IRR), payback period, NPV, free cash flow (or FCF), cut-off grade, production and head grade profile, gold production (payable or otherwise), impact of tax loss pools, capital and operating costs, life of mine (or LOM), mine plans and life, estimated tonnes and grade, mineable inventory, underground development, plans (including any implementation plans for the Feasibility Study), timelines (including first gold pour, completion of camp upgrades, ammonia reactor construction design and construction, tailings management facility (or TMF) upgrades and construction, pre-Commercial Production and Commercial Production periods), additional permitting, the Project Funding Requirement, the Macquarie Bank Limited Credit Facility including its terms and conditions, the anticipated timing for negotiation and execution of definitive documentation and resulting closing; the Project including its development, construction, operation and production and funding requirements (including ability satisfy such), and the details (including plans and budget) and timing thereof; future availability of the Company's cash balances; the sufficiency of the proceeds of the Macquarie Bank Limited Credit Facility, together with cash currently on the Company's balance sheet, to fund the Project to Commercial Production (including development and construction) and the ability to otherwise do so; closure costs, net salvage value and other results of the Feasibility Study (all of which are estimates only) and impact thereon of existing infrastructure and planned and historical activities (including the implications of the 2018 test trial mining and bulk sampling), future infill and step-out drilling of the F2 Gold Deposit and exploration drilling at Explore Targets, the String of Pearls and regional exploration properties (including incremental tonnes or mill feed therefrom), optimization and expansion opportunities (including mill capacity) and risk mitigation factors and strategies; planned exploration and development activities and any impact of such activities; geological and structural modelling; future gold price and USD/CAD exchange (or FX) rates; feasibility and viability of the Project statements regarding the impact of health, safety and security measures or protections, and other protocols, implemented by the Company's in response to COVID-19, 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 atwww.sedar.com and on its website atwww.battlenorthgold.com. 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 of Battle North to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statement. Such risks, uncertainties, contingencies and other factors include, among others, the "Risk Factors" in the Company's annual information form dated March 27, 2020 (the "2020 AIF"), available under the Company's profile atwww.sedar.com and on its website atwww.battlenorthgold.com, as well as the risks, uncertainties, contingencies and other factors identified in the Cautionary Statement at the end of the Company's news release dated February 9, 2021 (the "February 9, 2021 News Release"), the Company's Management's Discussion and Analysis for the three quarters ended in 2020 (collectively "2020 MD&A"), including the accompanying financial statements, and the Technical Report for the Bateman Gold Project Feasibility Study dated on January 27, 2021 (the "Project Technical Report"). The foregoing list of risks, uncertainties, contingencies 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 2020 AIF. The forward-looking statements contained or incorporated by reference herein are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the February 9, 2021 News Release, the 2020 MD&A, the 2020 AIF and the Project Technical Report. Forward-looking statements contained herein are made as of the date of this presentation (or as otherwise expressly specified) and Battle North 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.

Qualified Person

The content of this presentation has been read, verified and approved by Michael Willett, P.Eng., Director of Projects for Battle North, who is a Qualified Person as defined by NI 43-101.

Cautionary Statement regarding Mineral Reserve and Mineral Resource Estimates

See endnote 4 to this presentation.

Cautionary Note to U.S. Readers See endnote 5 to this presentation.

BATTLE NORTH GOLD VALUE PROPOSITION

Ingredients in place for a successful emerging gold producer

  • • EXPLORATION UPSIDE IN RED LAKE GOLD CAMP - TIER 1 GOLD MINING JURISDICTION

  • • PROVEN MANAGEMENT TEAM WITH MINE CONSTRUCTION AND OPERATION EXPERIENCE

  • • ROBUST BATEMAN GOLD PROJECT FEASIBILITY STUDY ECONOMICS1

  • • SIGNIFICANT INFRASTRUCTURE, SHOVEL-READY PROJECT & EXPECTED TO BE FULLY-FUNDED TO COMMERCIAL PRODUCTION26

  • • 2021 BATEMAN PROJECT CONSTRUCTION PLAN27

    • • ESTIMATED FIRST GOLD POUR - END OF 2021

    • • ESTIMATED COMMERCIAL PRODUCTION - END OF 2022

    (1) Refer to endnote #1 for further details

    • (26) Refer to endnote #26 for further details

    • (27) Refer to endnote #27 for further details

    Red Lake, Ontario

PROVEN MANAGEMENT TEAM

Extensive underground mine construction, operating, exploration, financing and legal experience

Management

George Ogilvie, P.Eng.

President and CEO

  • • +30 years of management, operating, technical, M&A, and restructuring

  • • Former CEO of Kirkland Lake Gold; led the successful turnaround of the Macassa Mine and acquisition of St. Andrew Goldfields

  • • Experience in deep, underground narrow-vein gold deposits in South Africa with AngloGold

  • • Grew Rambler Metals from grassroots exploration to profitable junior producer

Mike Willett, P.Eng.

VP Operations & Projects

  • • +37 years of management, operating, technical, consulting and contracting experience

  • • Held senior roles with Hudbay

  • • Led the increase in mineral resources and permitting as CEO of Tamerlane Ventures Inc.

Eric Setchell

Mine General Manager

  • • +30 years of U/G and open pit operations experience in a management and technical capacity

  • • Managerial roles at Red Lake Gold Mines, Musselwhite, Mount Milligan, Lupin, Kapan, Bissett, Kapuskasing Phosphate Mine (Agrium),

Nick Nikolakakis, MBA

VP & CFO

  • • +25 years of corporate finance and management experience; +US$2 billion financings

  • • Former CFO of Rainy River; led the sale to New Gold

  • • Former VP Finance of Barrick - led the C$1.5 Billion financing of Pueblo Viejo in Dominican Republic

Nick Hayduk, LLB, MBA

VP General Counsel & Corporate Secretary

  • • +20 years as a corporate lawyer; +15 years of legal and management experience in the mining sector

  • • Former SVP, Chief Legal Officer of Lundin Mining Corporation

  • • Former SVP, General Counsel of Kinross Gold Corporation

Rachel Pineault, CHRE

VP Human Resources

  • • 25 years in senior management experience in strategic human resources

  • • Former Director of HR (Canadian Operations) at Kirkland Lake Gold; Former VP HR and Aboriginal Affairs for Detour Gold

  • • Involved in building 5 mines in Canada

Maura Kolb, MSc., P.Geo. Director, Regional Exploration

  • • 10 years in gold exploration and mineral resource estimation; 7 years of extensive experience in Red Lake

  • • Former Exploration Manager at Evolution Mining in Red Lake; various roles with Goldcorp Inc.

  • • At Goldcorp, primary focus was on grassroots exploration; experience with IBM Watson (AI platform)

  • WWW.BATTLENORTHGOLD.COM

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

Battle North Gold Corporation published this content on 16 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2021 12:24:01 UTC.