The mission statement of Bristol Bay Native Corporation is "Enriching Our Native Way of Life." Since its inception, BBNC has strived to achieve this mission by providing quality services to our customers so that we can continue to enhance the benefits to our Native shareholders from the Bristol Bay region. We are proud of our reputation and success, both of which are due in large part to our commitment to operating with integrity and high ethical standards.

To continue this tradition of integrity and success, BBNC has memorialized our Code of Ethics and Business Conduct, available on our website: www.bbnc.net. It is our intent that this Code communicate clearly to you, and to those with whom we do business, our values and expectations. Your continued commitment to these standards is essential to our success.

Please take the time to become familiar with our Code of Ethics and Business Conduct. Feel free to discuss any questions or concerns relating to conduct in the workplace and to these Standards with your manager, human resources staff member, or the BBNC Legal Department. We have also adopted a corporate-wide reporting "hotline" and website. You may call 1-866-513-7078 or go online to http://bbnc.ethicaladvocate.com twenty-four hours a day, seven days a week, to report, anonymously if you wish, any concerns you might have.

As an employee of the BBNC family of companies, each of you is able to contribute to our
overall success. I am confident that with your commitment to excellence in your work and in
your principles, we will continue to build our strong reputation and enrich our Native way of
life.

Sincerely,

Jason Metrokin
President and Chief Executive Officer
Bristol Bay Native Corporation

Code of Ethics and Business Conduct

BBNC Ethical Advocate