Battle North Gold Announces Filing of its Second Quarter 2020 Results

(All references to dollars herein are in Canadian dollars ("$") unless otherwise specified)TORONTO, July 30, 2020 /PRNewswire/ -A Battle North Gold Corporation (TSX: BNAU) (OTCQX: BNAUF) ("Battle North" or the "Company") announces that it has filed its interim Financial Statements and Management's Discussion and Analysis ("MD&A") for the quarter ended June 30, 2020 ("Q2/2020"). Copies of these filings can be obtained at www.battlenorthgold.comA or under the Company's profile at Highlights from Q2/2020

Cash position: As of June 30, 2020, the Company had cash and cash equivalents and short-term investments of approximately $12.2 million.

Exploration and evaluation expenditures: For Q2/2020, the Company spent approximately $3.3 million in expenditures related to drilling, maintenance and technical consulting fees, including work on the feasibility study for the Bateman Gold Project (the "Project"). Expenditures were lower by $0.4 million compared to the same period in 2019 as the Company did not incur expenditures on underground development as part of its 2020 drilling campaign, which was focused on infill and exploratory drilling and delivering an updated mineral resource estimate for the Project1 to support the ongoing feasibility study.

General and administrative expenses (including salaries and benefits, and consulting and professional fees): The Company spent approximately $1.0 million on expenditures related to general and administrative, salaries and benefits, and consulting and professional fees in Q2/2020, lower by $0.3 million due to less salary and benefit costs than Q2/2019.

OutlookAs of July 30, 2020, the Company had cash and cash equivalents of approximately $11.5 million. The Company has sufficient financial resources to carry out the Company's planned activities in 2020:
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