SNOWLINE GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$25.23 MILLION

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

July 5, 2022 – Vancouver, B.C. – Snowline Gold Corp. (CSE: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has arranged to issue, on a non-brokered private placement basis, (a) up to 7,000,000 flow-through common shares of the Company (the “FT Shares”) at a price of C$1.40 per FT Share for gross proceeds of up to C$9,800,000 and (b) up to 12,342,293 units of the Company (the “Units”) at a price of C$1.25 per Unit for gross proceeds of up to C$15,427,866.25. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”), with each Warrant being exercisable for one common share of the Company at an exercise price of C$2.50 for a period of two years (the “Offering”).

The gross proceeds from the issue and sale of the FT Shares will be used to support advancement of exploration on the Company’s Yukon Territory mineral properties, which will qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2022. The gross proceeds from the issue and sale of Units will be used to support advancement of exploration on the Company’s Yukon Territory mineral properties and for general and working capital purposes.

It is expected that the closing of the Offering will occur in two tranches, the first tranche closing on or about July 22, 2022 and the second tranche closing on or about August 2, 2022 and closing is subject to the satisfaction of certain conditions, including receipt of acceptance of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities laws.

The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >127,000 ha. The Company is exploring its flagship >85,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering, the expected timing for closing the first and second tranches of the Offering and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things, risks associated with executing the Company’s plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SNOWLINE GOLD ENCOUNTERS WIDESPREAD MINERALIZATION IN 340 METRE STEP-OUT AT ITS VALLEY ZONE AND MOBILIZES SECOND DRILL

  • Moderate to intense sheeted quartz veins throughout 415 m drill hole at Valley (V-22-007), with 26 instances of trace visible gold noted from 19 m to 388 m depth
  • Hole represents 340 m step-out along strike of system from 2021 discovery drilling
  • Second drill now active at Valley; its first hole (V-22-008) encountered sheeted quartz mineralization 460 m away from nearest drill hole
  • Drilling ongoing, with assay results and full drill core evaluations pending.


Vancouver, B.C., June 30, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has encountered 415 m of nearly continuous mineralization downhole from bedrock surface in V-22-007 at its Rogue Project’s Valley Zone in Canada’s Yukon Territory. Hole V-22-007 was a 340 m step-out along-strike to the southeast of 2021 drill hole V-21-003 (which intersected 168.65 m averaging 1.25 g/t Au from bedrock surface). A second drill rig mobilized to site and has completed drilling V-22-008, which intersected sheeted quartz veins 460 m from the nearest hole to date, further expanding the footprint of known mineralization at Valley.

Figure 1 – Location map of 2022 drill holes in relation to 2021 drilling and the Valley intrusion (red). The Company is using large step-outs to efficiency test the scale of the mineralized system. V-22-007 has the strongest and broadest zones of quartz mineralization observed on the project to date, and V-22-008 has demonstrated the presence of mineralized quartz veins along the northeastern margin of the intrusion.

Snowline Chair and Director Craig Hart comments that “I’ve seen a lot of rocks and a lot of drill core from many intrusion-related gold systems, but these Valley intersections have the most intense vein densities I’ve ever seen.  There are overprinting vein generations and varying vein orientations which is unusual and further indicates a very robust mineralizing system.  To see these vein densities over significant widths is very encouraging.  The numerous observations of visible gold and bismuthinite indicate that the system is mineralized, but of course the assay results are required before we get too excited.”  Dr. Hart is a globally recognized expert in intrusion-related gold systems.

Figure 2 – V-22-007 drill core from 133.5 m to 159.9 m downhole. Intense sheeted quartz veins and light quartz stockwork cut the Valley intrusion. Similar vein densities regularly occur throughout the first 395 m of the 415 m hole. Vein thicknesses range from 5 mm to >5 cm. Minor bismuthinite and trace visible gold are present in the sheeted veins. Assays for this hole and all others are pending.

HOLE V-22-007

Hole V-22-007 encountered steeply dipping sheeted quartz vein mineralization in diorite from bedrock surface at 4 m to its total depth of 415 m downhole (corresponding to roughly 340 m total vertical depth). The hole encountered the densest concentrations of sheeted quartz veins observed in the Valley Zone to date, in places exceeding 20 quartz veins per metre. Minor bismuthinite is commonly observed in veins. Small (<1 mm) grains of visible gold occur in and along bismuthinite-bearing quartz veins, with 26 instances noted in initial evaluation of the drill core across 369 m, from the first instance at 19 m downhole to the last at 388 m downhole. The final 20 m of the hole (from 395 m to 415 m) were less intensely mineralized, averaging around 5 veins per metre.

The presence of such a large and intense zone of mineralization in a significant step-out along trend highlights the scale potential of the Valley Zone. Assays for this and all holes drilled so far in 2022 remain pending.

UPDATE ON HOLE V-22-005

Hole V-22-005 was described to 233 m depth in a previous news release (June 13, 2022), based on the progress of drilling at the time. The hole continued to a total depth of 339 m. Some of the hole’s highest vein densities (up to 20 veins per metre) and its thickest quartz veins (up to 30 cm) were encountered below the 233 m mark in subsequent drilling, along with additional occurrences of trace visible gold.

Figure 3 – Schematic cross section showing relationship of V-22-005 and V-22-006 to previous drilling. The mineralized vein sets strike roughly perpendicular to this section (into and out of the page), and so these holes provide a test of the width of the system. Vein densities in V-22-006 were not as high as those in V-22-005, but mineralized veins were observed throughout the hole. The width of the system remains open. Note that visible gold from 2021 drilling is not shown on this figure nor on the map in Figure 1.
Figure 4 – V-22-005 drill core from 264.3 m to 277.4 m downhole. The most intense zones of quartz mineralization and thickest quartz veins (up to 30 cm true width) in this hole were encountered in drilling following the Company’s June 13 news release. Minor bismuthinite is common in veins, and additional instances of trace visible gold have been observed. Assays for the hole remain pending.

TWO DRILLS NOW ACTIVE

A second helicopter-portable drill has mobilized to the Valley Zone. The two drills are working in tandem to rapidly build out the scale of known mineralization at Valley while exploiting efficiencies of shared logistical support.

This second drill has completed drill hole V-22-008, which was collared outside the northern boundary of the intrusion. The hole intersected moderate to strongly hornfelsed sandstones and siltstones locally cut by quartz-arsenopyrite veins known on surface to host gold. From 190.7 m downhole to end of hole at 292 m, V-22-008 encountered sheeted quartz veins in diorite, typically 3-5 veins per metre. The location of this mineralization is over 460 m laterally from mineralization in hole V-22-006 and 500 m along section from the collar of V-22-007, significantly expanding the potential footprint of the mineralized system at Valley.

Assays for all four holes drilled so far in 2022 are pending, and drilling of additional holes at Valley is ongoing. While the Company finds these visual results to be encouraging, it cautions that the significance of the observations reported herein will not be known until assays are received and reviewed. Valley is an early-stage exploration project without a resource estimate, and the presence or absence of an economically viable orebody cannot be determined until significant additional work is completed.

Table 1 – Location and orientations of completed holes thus far in the Valley Zone in 2022. Assays results for all holes remain pending.

ABOUT ROGUE

The geological setting and style of mineralization at Rogue’s Valley Zone indicate the presence of a bulk tonnage gold target, with similarities to Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon. An 800 m Phase I drill program conducted at Valley in September 2021 encountered broad zones of gold mineralization in all four holes drilled (see Snowline news release dated February 10, 2022). Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays along the margins of a mid-Cretaceous aged Mayo-series intrusion.

Figure 5 – Location of V-22-007 in the context of the broader Valley-Gracie trend. Surface geochemistry and geophysics (Z-axis Tipper Electromagnetic Survey) data suggest the presence of a potentially similar reduced intrusion related gold system at Gracie. Snowline intends to drill 3,000 m or more at Valley in 2022, and to drill the first-ever holes into the Gracie target following further surface review and targeting.

Valley is one of at least five bulk-tonnage gold targets present on Snowline’s Rogue project. The Gracie target, roughly 4 km to the east, covers a 5.1 km x 0.8 km gold in soil and talus fine anomaly above an unexposed felsic intrusion (see Snowline news release dated April 7, 2022). Mineralization is thought to be similar to that at Valley. Following surface work to optimize drill targeting and assuming viable targets are identified, Phase I drilling will commence at Gracie in mid-season 2022.

Figure 6 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. The Valley Zone on the Rogue project is the site of V-22-005 through V-22-008 and ongoing drilling.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >127,000 ha. The Company is exploring its flagship >85,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., Exploration Manager for Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company’s upcoming drill program, implied significance of visual inspection of drill core, and surface work and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SNOWLINE GOLD PROVIDES EXPLORATION UPDATE ON ITS VALLEY DRILL PROGRAM, ROGUE PROJECT, YUKON

  • Sheeted quartz veins with trace amounts of visible gold present in hole V-22-005
  • Location of hole expands known width of Valley mineralized corridor by 150 metres
  • Drilling ongoing, with assay results and full drill core evaluation pending.

Vancouver, B.C., June 13, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to report that it has intersected mineralization from bedrock surface in its first hole of 2022, drilled at the Rogue project’s Valley Zone in Canada’s Yukon Territory. V-22-005 encountered thin (1-60 mm) sheeted quartz veins through to at least its present depth of 233 metres (as of Sunday, June 12, 2022; drilling ongoing at time of writing). Seven separate veins hosting trace visible gold were observed between 39 and 220 metres downhole during initial logging. The collar location is a 154-metre step-back from 2021 hole V-21-003 which also encountered a broad zone of mineralization from the bedrock surface.

Figure 1 – Closeup of V-22-005 drill core at 197 m downhole. Seven grains of visible gold (red circles) were identified along the margins of a single quartz vein here during initial evaluation of the drill core. Visible gold has also been identified in six other veins throughout the hole. Note that this figure highlights one feature of V-22-005 and is not meant to be representative of the entire hole. Assays for this and the rest of the hole remain pending. Core shown is 4.76 cm in diameter.

“Hole V-22-005 was designed to get a better sense of the width of the sheeted quartz vein arrays that constitute the Valley Zone,” said Scott Berdahl, CEO and Director of Snowline. “That we encountered mineralization at surface is encouraging, as this expands the known surface width of the Valley Zone by roughly 150 metres, and the width remains open. The true significance of the mineralization awaits assay results, but we are pleased to see this initial demonstration of scale. Subsequent holes will begin to test the strike length and depth of the mineralized system.”

Figure 2 – V-22-005 drill core from 200.9 to 227.5 m downhole. Sheeted quartz vein densities of between 10 and 20 veins per metre occur from 205 to 227 m downhole, within a coarse-grained biotite-hornblende diorite intrusion. Quartz vein densities are generally between 3 to 5 veins per metre throughout the length of the hole to its present depth of 233 m. Trace visible gold was identified in quartz at 211 m. Note that the image above is a composite from two photos, with a perspective warp applied to give a consistent top-down view. Assays for this zone are pending, and detailed logging of this section has yet to be completed.

Mineralization in V-22-005 comprises thin (average 3-5 mm) subparallel quartz veins with minor sulphide minerals cutting coarse-grained diorite of the Valley intrusion. Occasional thicker (up to 6 cm) quartz veins with minor sulphides have also been intersected. Small (sub millimeter) grains of visible gold were identified at around 39 m, 63 m, 88 m, 126 m, 197 m, 211 m and 220 m depth during initial evaluation of the drill core. Gold grains are associated with minor bismuthinite and/or telluride grains within the thin quartz veins. Vein densities average 3 to 5 per metre throughout the hole so far, with localized zones averaging up to 20 veins per metre.

Figure 3 – Schematic cross section showing relationship of V-22-005 to previous drilling. Instances of sub millimetre visible gold identified in initial evaluation of the drill core are denoted by yellow stars. Visible gold has now been observed in all 5 of 5 total holes drilled at Valley. Note that holes V-21-001 and V-21-002 are collared behind the section and are coming out of the page towards the viewer. The surface trace of the section is shown in Figure 4.

Assays for V-22-005 are pending, and drilling of the hole is ongoing at the time of writing. While the Company finds these visual results to be encouraging, it cautions that the significance of the observations reported herein will not be known until assays are received and reviewed. Valley is an early-stage exploration project without a resource estimate, and the presence or absence of an economically viable orebody cannot be determined until significant additional work is completed.

Table 1 – Location and orientation of V-22-005, currently underway at Valley. Project staff may change the planned depth depending on results and other factors.
Figure 4 – Location of V-22-005, Snowline’s first drill hole of the 2022 exploration season, currently underway at Valley. The hole is a 154 m step back from V-21-003, which intersected 1.25 g/t Au over 168.7 m from surface. The white line from the collar location indicates current progress of the drill hole, which will be extended past its 300 m target depth if mineralization continues. A thin dark blue line denotes the section location portrayed in Figure 3.

ABOUT ROGUE

The geological setting and style of mineralization at Rogue’s Valley Zone demonstrate the presence of a bulk tonnage gold target, with similarities to Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon. An 800 m Phase I drill program conducted at Valley in September 2021 encountered broad zones of gold mineralization in all four holes drilled (e.g. see Snowline news release dated February 10, 2022). Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays along the margins of a mid-Cretaceous aged Mayo-series intrusion.

Valley is one of at least five bulk-tonnage gold targets present on Snowline’s Rogue project. The Gracie target, roughly 4 km to the east, covers a 5.1 km gold in soil and talus fine anomaly above an unexposed felsic intrusion (see Snowline news release dated April 7, 2022). Mineralization is thought to be similar to that at Valley. Following surface work to optimize drill targeting and assuming viable targets are identified, Phase I drilling will commence at Gracie in mid-season 2022.

Figure 5 – Location of V-22-005 in the context of the broader Valley-Gracie trend. Surface geochemistry and geophysics (Z-axis Tipper Electromagnetic Survey) data suggest the presence of a potentially similar reduced intrusion related gold system at Gracie. Snowline intends to drill 3,000 m or more at Valley in 2022, and to drill the first-ever holes into the Gracie target following further surface review and targeting.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >127,000 ha. The Company is exploring its flagship >85,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 6 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. The Valley Zone on the Rogue project is the site of V-22-005, which is actively being drilled.

QUALIFIED PERSON

Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., Exploration Manager for Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company’s upcoming drill program, implied significance of visual inspection of drill core, and surface work and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SNOWLINE GOLD COMMENCES 8,000 METRE DRILL PROGRAM ON ITS FLAGSHIP YUKON PROJECTS

  • Phase II drilling underway at Valley, a bulk tonnage gold discovery made in late 2021
  • Upwards of 8,000 metres drilling planned across at least four targets in 2022
  • Potential for significant new drill discoveries along with expansion of Snowline’s Valley and Jupiter zones

Vancouver, B.C., June 8, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced its 2022 exploration and drilling program. Drill crews and geological staff recently mobilized to the Company’s new Forks Camp, built to support its Rogue, Einarson, Ursa and Cynthia projects. Phase II diamond drilling is underway at Rogue’s Valley zone to test the extent of gold mineralization encountered by drilling in September 2021 within a soil and talus fine anomaly spanning roughly two kilometers.

Figure 1 – Location of V-22-005, Snowline’s first drill hole of the 2022 exploration season, currently underway at Valley. The hole is a 150m step back from V-21-003, which intersected 1.25 g/t Au over 168.7 m from surface. The step back will provide a better measure of the width of the mineralization and constrain the broader orientation of the zone, in addition to testing the mineralization encountered in V-21-003 at depth.

“Following an exceptional first season with two drill discoveries on our adjacent Rogue and Einarson projects, we are very excited to return to the field,” said Scott Berdahl, CEO and Director of Snowline. “Our team has already done a tremendous job setting up for an early season start amidst our new camp build and a record-breaking spring snowpack. Snowline’s 2022 drill program gives our shareholders much to look forward to as we simultaneously build on recent successes and position ourselves to make additional discoveries. Our results will shed new light on our large and relatively unexplored land package, which we believe has the potential to become a new North American gold district.”

The geological setting and style of mineralization at Valley demonstrate the presence of a bulk tonnage gold target, with similarities to Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon. An 800 m Phase I drill program conducted at Valley in September 2021 encountered broad zones of gold mineralization in all four holes (e.g. see Snowline news release dated February 10, 2022). Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays along margins of a mid-Cretaceous aged Mayo-series intrusion.

2022 DRILL CAMPAIGN

Snowline’s 2022 drill program budgets for at least 8,000 m total drilling across four or more zones.

At Rogue, some 3,000 m are planned for drilling on and around the Valley intrusion, which includes the Valley and Ridge zones. Expected hole depths range between 200 m and 300 m, with one or more deeper holes planned to determine continuity and intensity of mineralization at depth. The drill program will test the scale of the Valley gold system, with a systematic series of step-outs set to better define the width, breadth and depth of mineralization responsible for the geochemical anomalies on surface.

At Einarson, some 3,000 m are budgeted for the Jupiter zone, a high-grade epizonal orogenic gold prospect discovered by drilling in 2021 (e.g. see Snowline news release dated October 13, 2021). Precise drill targeting will await the results of early-season surface work. The program will further test the scale of the Jupiter gold system with broad step-outs, while more concentrated drilling near last season’s drill discoveries will better define geometries and controls on mineralization while providing a more rigorous testing of known high-grade zones.

The balance of 2,000 m or more is budgeted for first-ever drill testing of additional targets. At Rogue’s Gracie zone, a 5.1 km gold in soil and talus fine anomaly above a buried felsic intrusion represents a high-priority bulk tonnage drill target (see Snowline news release dated April 7, 2022). Mineralization is thought to be related to that at Valley. Following surface work to optimize drill targeting and assuming viable targets are identified, Phase I drilling will commence at Gracie.

 Other candidate zones for Phase I drilling in summer 2022 include:

  • Avalanche Creek (Einarson): A one-kilometer-long mineralized quartz carbonate boulder train similar in character to Jupiter, some 12 km away. Grab samples of Avalanche Creek float material assay from 0.3 g/t Au to 34.2 g/t Au, and a likely source structure for the mineralization has been identified.
  • Mars (Einarson): A four-kilometer-long gold in soil and talus fine anomaly in historical data with values of up to 8.97 g/t Au in talus fines. Rock samples from the trend range from below detection to 9.27 g/t Au, including a historical hand trench that returned 7.1 g/t Au over 5.0 m. Limited historical drilling tested the far south end of the trend, near the hand trench location, with reported intercepts of up to 0.57 g/t Au over 21.2 m (true width unknown). The majority of the Mars anomaly, including its strongest soil geochemistry, has not been drill tested.
  • Ursa: A fourteen-kilometer-long trend of anomalous zinc in stream sediments with values consistently over 0.1% Zn and up to 3.4% Zn. An aerial VTEM survey conducted by Snowline in 2021 revealed several large conductors that may be lithological or that may be indicators of mineralization.

The proportion and total amount of drilling planned for each zone are rough working guides and may change based on drill results and other observations or factors throughout the season.

Figure 2 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. Key zones described in this release are labeled with blue text.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >127,000 ha. The Company is exploring its flagship >85,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company’s upcoming drill program and surface work and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SNOWLINE GOLD EXPANDS ITS 100% OWNED FLAGSHIP PROJECTS THROUGH STAKING AND CONSTRUCTS 45-PERSON CAMP

  • 1172 new claims staked adding 23,229 hectares across three existing projects
  • Expands total Yukon land position by 22% to roughly 127,300 hectares
  • New, centrally located 45-person camp under construction in preparation for 2022 field season
  • Drill program scheduled to commence June 1

Vancouver, B.C., May 25, 2022 SNOWLINE GOLD CORP. (CSE: SGD)(US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has expanded its 100% owned Rogue and Cynthia projects in the east central Yukon through staking. In total, 1,172 new claims were staked covering 23,229 hectares (232 km2), bringing the company’s Yukon mineral tenure holdings to 127,310 hectares (1,273 km2) across its seven projects. Claims were staked to bolster existing property positions following the Company’s recent drill and surface sampling discoveries. The claims cover additional geochemical anomalies and connect properties, which will enhance exploration efficiency. The increased land position further solidifies Snowline’s competitive advantage in an emerging gold district that hosts multiple gold discoveries and mineralization styles.

“Our successful exploration campaign in 2021 demonstrated a high level of mineral potential in a previously underappreciated and sparsely explored region,” said Scott Berdahl, CEO and director of Snowline Gold. “This targeted expansion reflects our renewed, results-based conviction behind our exploration thesis. It cements our first-mover position as we aim to explore not just a discovery, but a potential new gold district. Our soon-to-begin 2022 exploration program will build on last season’s discoveries alongside first-ever drill testing of multiple new targets.”

Snowline has also commenced construction of its new 45-person camp, centrally located between the Company’s Jupiter and Valley drill discoveries and proximal to additional prospective targets including Gracie, Ursa and Avalanche Creek. The camp is permitted for the next five field seasons and is located adjacent to the pre-existing Forks airstrip.

“By improving the Forks Airstrip to a safe length and condition, we can transition from float to wheeled planes, increasing our payload by up to 40% per flight and reducing total flights,” said Steve Rennalls, Operations Manager for Snowline Gold. “At the same time, the new camp’s central location shortens flight time to targets, resulting in a smaller environmental footprint through reduced emissions. It also allows for up to 10% more daily field hours per person, and it simplifies drill support, all of which will help to reduce our ‘dollars-per-meter’ operational costs. And despite record snow levels, we have a jump on the season. We are on track to welcome geologists and drillers to the new camp on May 27 with the goal of commencing our 2022 drill program on June 1.”

ROGUE STAKING
Expanded 2.4 times to 22,045 hectares.

Figure 1 – Newly staked claims on the Rogue project connect previously separate claim blocks, cover additional prospective ground and offer protection against competitive encroachment on known targets.

Staking at Rogue expanded Snowline’s tenure around its Valley drill discovery and its Gracie anomaly as well as around several additional exploration targets. Expanded claim positions were selected based on geology, field observations and data contained within Snowline’s extensive regional database. Previously isolated land tenure positions at Rogue were connected, allowing for efficient allocation of exploration expenditures towards annual claim assessments across different areas.

CYNTHIA STAKING
Expanded 2.9 times to 14,326 hectares.

Figure 2 – Newly staked claims on the Cynthia project redefine the scope of the prospect, connecting the Cynthia/X zones with the REA claims and covering historical anomalies for both gold and zinc. The broader claim block boundaries were selected based on a combination of public and proprietary geochemical data.

The Cynthia project was expanded by nearly 3 times, connecting the Company’s original Cynthia claim block with nearby mineral claim blocks currently under option from Epica Gold Inc., a subsidiary of HighGold Mining Inc. The expanded claim position covers potential sources of elevated gold content in historical soil and silt samples, including bulk-leach extractable gold samples, that are present across a wide area. Elevated zinc values are also present in historical soil and silt samples. The underlying geology at Cynthia is thought by the Company to be prospective for multiple deposit types, with two mid-Cretaceous Mayo series intrusions of the Rogue plutonic complex intruding a structural transition zone present in Selwyn Basin stratigraphy.

EINARSON STAKING

Various fractional claims were staked on the Einarson project as part of the Spring 2022 staking campaign to consolidate land positions and reduce the potential for “nuisance staking” in the vicinity of key target areas.

AREAS OF INTEREST

Certain newly staked claims fall within the areas of interest (AOIs) defined in Snowline (formerly Skyledger Tech Corp)’s December 1, 2020 deal with Yukon-based company 18526 Yukon Inc., through which Snowline acquired its extensive Yukon datasets and its seven Yukon mineral properties. Claims staked within the AOIs are subject to a 2% net smelter return (NSR) and are incorporated into existing buy-down provisions which allow Snowline to reduce NSR to 1% on a project-by-project basis. 18526 Yukon Inc. is a privately held project generation company that is owned 40% by Snowline’s CEO and Director Scott Berdahl.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

Figure 3 – Updated project location map for Snowline Gold’s eastern Selwyn Basin properties.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >106,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

2022 SNOWLINE GOLD ANNUAL GENERAL MEETING

The 2022 Snowline Gold Annual General Meeting will be held on Thursday, May 19, 2022. Please find all AGM-related information below.

***

Notice and Access Notification to Shareholders – Annual General Meeting of Shareholders
Click here to view and download

Form of Proxy
Click here to view and download

Notice of Meeting and Information Circular
Click here to view and download

SNOWLINE GOLD FURTHER STRENGTHENS ITS MANAGEMENT TEAM

  • Sergio Gamonal, most recently Chile Exploration Manager for Barrick, joins as Snowline’s Lead Geologist
  • Stephanie Hansen, marketing specialist, joins as Snowline’s Marketing and Investor Relations Manager

Vancouver, B.C., April 19, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce updates to the Company’s management team, with the recent appointments of Sergio Gamonal as Lead Geologist and Stephanie Hansen as Marketing and Investor Relations Manager.

Sergio Gamonal brings over 15 years’ exploration experience to the Company, having held senior roles at major mining companies Barrick and Kinross. Most recently, he served as country Exploration Manager for Argentina and then Chile with Barrick Gold, where he led the development of a robust pipeline of early to advanced stage gold targets throughout the Andes. Prior to this, he spent over 10 years with Kinross in the roles of Senior Specialized Geologist and Exploration Geologist, integrating geological and geochemical datasets with assessment and exploratory fieldwork at project sites in Russia, Africa, and South America. Mr. Gamonal holds an M.Sc. in Geology from the Mineral Deposit Research Unit at the University of British Columbia.

“I am very excited to join a team of discovery-driven, highly motivated and passionate people at Snowline focused on advancing a unique and unexplored gold camp in the Yukon,” said Mr. Gamonal, Lead Geologist at Snowline. “The diversity of mineralization styles among Snowline’s recent discoveries and regional targets is especially compelling as is it a sign of a fertile district capable of producing world-class gold deposits.”

Mr. Gamonal joins Thomas Branson, MSc, PGeo, Exploration Manager and Steve Rennalls, Operations Manager at Snowline to round out a highly capable management team focused on efficient project advancement and target prioritization while following best practices in geoscience and operations.

Stephanie Hansen brings nearly 10 years’ marketing experience to Snowline from a variety of industries. She will lead Snowline’s major marketing, branding and communication initiatives as the Company shares its story and discoveries with investors, community and government alongside widening domestic and global audiences.

Stated Ms. Hansen, Marketing and IR Manager at Snowline: “Snowline is a distinctive new entity in the junior space, and I am thrilled to be a part of it. The company has a story to tell, and there is immense value to unlock in bringing that story to the majority of the mining investment audience that has not yet heard of Snowline nor its discoveries.”

“A good exploration company is built as much on the strength of its projects as it is on the strength of its people,” said Scott Berdahl, CEO and Director of Snowline. “We are excited to welcome Sergio Gamonal and Stephanie Hansen to the Snowline team. Sergio’s geological expertise is an excellent complement to Snowline’s strong technical team, and his experience working in the development arms of major gold mining companies brings a valuable perspective as we prioritize and advance a new gold district. Stephanie’s drive and experience will build value for the company as we communicate our progress and bring our story to the world. With these pieces in place, we are even more excited to kick off our rapidly approaching 2022 field season.”

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >106,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SNOWLINE GOLD LOCATES 5.1 KM LONG TREND OF ANOMALOUS GOLD-IN-SOILS GRADING TO 1.7 G/T AU AT GRACIE, ROGUE PROJECT, YUKON

  • 5.1 km zone of anomalous gold values found in soil and talus fine samples at Gracie
  • 43 soil samples from a 1,600 x 800 m central area average 0.49 g/t Au, with 8 samples >1 g/t Au
  • Zone underlain and adjacent to probable unexposed intrusion only 4 km from Snowline’s 2021 “Valley” discovery
  • Intact carapace at top of intrusion presents high priority drill target for 2022.

Vancouver, B.C., April 7, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to provide an update on generative exploration results from its Rogue project in the Yukon Territory, Canada. Geochemical assay results received from late season 2021 contour soil and talus fine sampling reveal a large zone of anomalous gold values to 1.71 g/t Au on top of and around a probable, near-surface, gold-bearing intrusion at the Company’s Gracie target.

Figure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling performed late in the 2021 field season Figure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling p erformed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values of up to 1.71 g/t Au from talus fines at Gracie. Dashed blue ovals indicate zones of anomalous rFigure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling p erformed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values oFigure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling p erformed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values of up to 1.71 g/t Au from talus fines at Gracie. Dashed blue ovals indicate zones of anomalous results. Samples from the central zone have an average of 0.49 g/t. North and south zones of anomalous gold values are along stratigraphic and structural trend with the unexposed intrusion. The Valley intrusion and suspected Gracie intrusion are expressed in in the ZTEM image as cooler colours representing relative electrical resistors, consistent with other known intrusions in the survey area.

“These results add to strong evidence that Gracie could host a large and fertile reduced-intrusion related gold system,” said Scott Berdahl, CEO and director of Snowline. “What excites us about this—beyond the potential to duplicate our Valley discovery—is that the intrusion at Gracie hasn’t been exposed by erosion. These gold systems can be most prospective at the very top of an intrusion, where initial cooling of the edges creates a brittle carapace that fractures to accommodate later gold bearing fluids. An intact carapace at Gracie thus makes for a compelling exploration target adjacent and complementary to the Company’s 2021 Valley and Ridge discoveries.”

Figure 2 – Simplified schematic cut-away of Valley and Gracie subsurface geology. The large Au-Bi-Te geochemical anomaly and accompanying ZTEM geophysical patterns indicate the presence of a Cretaceous aged felsic intrusion (pink) with a related gold mineralizing system in the brittle carapace at the top of the intrusion (red). Fracture arrays that preferentially develop in the carapace are receptive hosts for gold-bearing fluids that form sheeted quartz vein arrays (gold lines). An intact mineralized carapace thus makes for an attractive exploration target.

Anomalous gold in soil samples up to 1.71 g/t Au were returned from 5.1 kilometers along a north-south trending ridge. All 43 samples within a central area roughly 1,600 m long by 800 m wide area averaged 0.49 g/t Au, with 8 results >1 g/t Au (Figure 3). Gold values in this core area have elevated bismuth (up to 287 ppm) and tellurium (up to 7 ppm) – a geochemical signature that is the same as Snowline’s Valley zone and is similar to other reduced-intrusion related gold systems.

Limited historical surface work at Gracie yielded mineralized rock samples in outcrop and float, with values of up to 57.0 g/t Au (quartz sulphide vein float). Prospecting by Snowline personnel in 2021 returned float grab samples of up to 6.9 g/t Au. Regional airborne z-tipper axis aeromagnetic (ZTEM) data from 2008 over the Gracie target area are resistive and indicate a felsic intrusion with hornfels country rock exposed on the surface and surrounding the intrusion (Figure 1). These geophysical results are consistent with initial observations of the Gracie target area and will be further verified by the Company.

Figure 3 – Soil and rock assay results from the core of the Gracie zone. Soil samples from within a 1,600 by 800 m area above the site of a suspected buried intrusion returned highly anomalous gold, bismuth and tellurium values, indicating an affinity to an intrusive source. The precise location and the depth to the top of the suspected causative intrusion have yet to be established.

Given the steep, rocky terrain and poor soil development (Figure 4), many soil samples from the Gracie area are classified as talus fines. Talus fines samples are produced by mechanical weathering of rocks are less modified by chemical weathering than typical soils. Some elements in talus fine samples may have stronger geochemical responses than soils from over a bedrock geochemical anomaly. Talus fine samples are also more susceptible to a sampling bias wherein more easily weathered mineralized zones, such as sulphide-rich veins, can contribute a larger portion of the talus fine sediment load than the more durable and relatively barren country rock, resulting in a concentration of associated elements like gold.

Figure 4 – Photograph of a gossanous ridge in the Gracie Zone, produced by oxidation of high-temperature hydrothermal alteration. Such alteration is presumably caused by a fertile sibling intrusion to the Valley stock present beneath Gracie. “Soil” samples collected from such areas are denotes as talus fines, as there is generally little to no development of a typical soil profile.

EXPLORATION PLANS

The proximity of Gracie to Snowline’s Valley zone, some 4 kilometers to the west, makes for convenient and cost-effective exploration in light of the Company’s planned 3,000 m drill program at Valley in 2022. Expansion of the 2021 Valley zone aeromagnetic survey is planned for coverage of the Gracie zone and the broader claim block using a helicopter-borne geophysics system. Additional surface sampling and geological mapping at Gracie will provide further context for magnetic and geochemical results to assist potential drill targeting.

ABOUT ROGUE

Snowline’s 100%-owned Rogue property covers over 11,000 hectares in three main claim blocks. Each claim block covers one or more Cretaceous-aged intrusions of the Mayo plutonic suite – these are highly prospective for bulk-tonnage, reduced intrusion related gold systems (RIRGS). A first-pass 800 m drill program completed in September 2021 targeted bulk tonnage sheeted quartz vein arrays and resulted in the drill discovery of the Valley zone with intersections of up to 1.25 g/t Au over 168.7 m (Table 1). Late-season contour soil sampling near the Valley zone revealed a second anomalous region associated with sheeted vein arrays along the northeastern edge of the Valley stock known as the Ridge Zone (See Snowline’s March 10, 2022 Press Release).

*Table 1 – Previously announced drill intervals from the Valley zone on Snowline’s Rogue project. *Interval widths reported; at this point there is insufficient data to reliably estimate true widths.
Figure 5 – Gracie zone location map in relation to surrounding Snowline Gold Corp. projects. Two significant drill discoveries made in Snowline’s first two drill programs (Jupiter and Valley) highlight the fertility of the district and the prospectivity of the Company’s additional targets, including Gracie.

STOCK OPTIONS

The Company also announces that the Board of Directors has granted a total of 350,000 incentive stock options to various employees of the Company in connection with recent appointments. The options are exercisable for one share each at $0.80 per share for a period of five years from March 8, 2022 and are subject to the terms of the Company’s Stock Option Plan. Options are subject to vesting provisions of 20% every six months from the date of the grant.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >106,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SNOWLINE GOLD EXPANDS VALLEY GOLD MINERALIZATION TO >2 KM WITH DISCOVERY OF RIDGE ZONE ON ITS ROGUE PROJECT, YUKON

  • Snowline has discovered the “Ridge” zone, a 1.0 km stretch of anomalous gold in soils, talus fines and rock samples on the northeast shoulder of the Valley intrusion
  • Gold-bearing sheeted quartz veins within this new zone similar are to those hosting Snowline’s 2021 Valley drill discoveries
  • Ridge zone significantly increases bulk-tonnage scale potential and further demonstrates fertility of the Valley intrusion.
  • Vancouver, B.C., March 10, 2022: SNOWLINE GOLD CORP. (CSE: SGD | US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce additional surface sampling results from its “Ridge” zone, immediately adjacent to its Valley discoveries on its Rogue gold project in the Yukon Territory, Canada. Contour soil and talus fine samples as well as rock grab samples reveal a 1.0 km zone of anomalous gold concentrations on the northeast edge of the Valley intrusion associated with sheeted quartz veins arrays. A continuous stretch of 18 contour soil and talus fine samples spanning 750 m within the zone averaged 0.21 ppm Au, with values up to 0.758 ppm Au. The zone is open in all directions.

“These reconnaissance sampling results significantly expand the scale of the mineralized system at Valley,” said Scott Berdahl, CEO and director of Snowline Gold. “The tenor of our September 2021 drill discoveries, with drilled intersections of up to 1.25 g/t Au over 168.7 m from surface, provide context for the inherent potential of this sibling zone, located on an adjacent shoulder of the Valley intrusion and exhibiting a similar style of mineralization. Overall, the broader Valley area is looking more and more like the type of large, robust gold system that we founded Snowline Gold Corp to find. With a drill parked on site, permits in place and a strong treasury, we are looking forward to an exciting and discovery-filled exploration season in 2022.”

In addition to locating additional sheeted vein arrays, prospecting by Snowline’s field team confirmed historical discoveries of arsenopyrite vein material sourced from the Ridge zone, just outside of the Valley intrusion. Historical grab sample assays of this material run as high as 152 g/t Au, and check assays by Snowline and an independent qualified person hired by the Company returned up to 58.4 g/t Au. While this occurrence was known to the Company, the extent of high gold values in soils, talus fines and rock samples and the extent of sheeted veining demonstrate the presence of a significant new zone for targeted future exploration.

Higher on the ridge and farther east of the intrusion, prospecting by Snowline personnel encountered mineralized dikes, additional gold bearing sulphide veins and skarn-like alteration, demonstrating the extent and fertility of the Valley reduced-intrusion related gold system (RIRGS). These observations suggest that the intrusion itself may laterally beneath sedimentary units to the east, in the direction of Snowline’s adjacent “Gracie” RIRGS prospect.

UPCOMING EXPLORATION

With over $8.5M CAD in the treasury, Snowline is actively preparing for a busy 2022 exploration season. The upcoming program will see at least two drills turning on an 8,000+ m program focused on the Company’s Valley and Jupiter discoveries along with nearby targets. This work continues to build toward establishing North America’s newest gold district in the Yukon’s Selwyn Basin.

The Company currently has a diamond drill under contract and on site at Valley, overwintering for a quick and cost-effective resumption of drilling in Spring 2022. Given the scale of the associated geochemical anomaly, the extent of sheeted veins observed on surface and the potential for high vein densities within the intrusion, a 3000+ m drill program is planned at Valley to better understand the scale and continuity of the mineralized zone.

QA/QC AND QUALIFIED PERSON

Soil, talus fine and rock samples were collected by Snowline staff and contractors. Soils and talus fines were air dried in camp. Rock samples were photographed during sampling. Standard reference materials, blanks and duplicate samples were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor and by Snowline personnel to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with analysis completed in Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. Rock samples were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. An aqua regia digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 51-element analysis on 50 g samples (ALS code: Au-ME-TL44). Any rock sample returning >50 ppb Au was re-analysed for gold content by fire assay with an inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish on 30 g samples (ALS code: Au-ICP21). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 50 g sample (ALS code: Au-GRA22).

Soil and talus fine samples were further dried on receipt at the laboratory at temperatures <60°C and sieved to <180 micron (80 mesh). An aqua regia digest with a combined ICP-MS and ICP-AES finish was used for 51-element analysis on 50 g samples (ALS code: AuME-ST44).

While talus fine and soil samples are collected and processed in the same fashion, they are slightly different sample mediums, as talus fines represent a more primary material as derived from bedrock.

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >100,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

 SNOWLINE GOLD CELEBRATES FIRST ANNIVERSARY – A LETTER FROM THE BOARD

Dear Shareholders, 

Snowline Gold Corp. (CSE: SGD | US OTC: SNWGF) has had an amazing first year. As we celebrate our first anniversary, we want to reflect on the achievements of the past 12 months and to share our plans as we prepare for what promises to be a transformative year ahead in 2022. 

Snowline began trading as SGD on the Canadian Securities Exchange on March 1, 2021.  Our core assets were seven carefully selected greenfield gold projects in Canada’s Yukon Territory. After listing, we immediately set to launch a safe, efficient, and effective field campaign during a pandemic, relying largely on local expertise and relationships with First Nations owned and partnered companies. 

Remarkably, our first two drill programs – both on never-before drill tested targets – resulted in two new and significant gold discoveries: Jupiter and Valley.  These discoveries serve as strong proof-of-concept towards our thesis of a new North American gold district within our project portfolio. Snowline’s momentum continues to build as we turn our data and exploration ideas into district-scale discovery. 

Highlights of our first year include: 

  • Recruitment of a strong, exploration-focused board and management team 
  • Discovery of the Jupiter epizonal orogenic gold system at Einarson, with drilled intercepts to 13.2 g/t Au over 6.5 m – often with multiple mineralized intercepts per hole – intersected across a 1.1 km strike length so far within a 3-km-long gold-in-soil anomaly 
  • Discovery of the Valley reduced intrusion related gold system (RIRGS) at Rogue, a bulk tonnage target with drilled intercepts to 1.25 g/t Au over 168.7 m on the edge of a newly discovered, kilometer-scale Fort Knox-style intrusion 
  • Advancement of additional primary targets towards drill readiness, including orogenic gold targets Avalanche Creek and Mars at Einarson and the RIRGS gold target Gracie at Rogue 
  • A safe and effective 2021 field season, with our planned 3,000 m drill program expanded to 5,100 m on positive results, 2,800 soil samples and 400 rock samples collected, 439 km VTEM flown at Ursa, and a 411 km aerial drone mag survey completed at Valley, all completed without serious injury nor illness amidst the COVID-19 pandemic 
  • A 47% increase in our land position to 104,000 ha through data driven staking and strategic property acquisition 
  • $15.8 M CAD raised on the back of our grassroots project portfolio, including strategic investments from Crescat Capital, Keith Neumeyer, Eric Sprott and Palisades Goldcorp 
  • $2.1 M spent with companies owned or beneficially partnered with the First Nation of Na-Cho Nyak Dun, upon whose Traditional Territories our flagship projects are located
  • Creation of new assets and shareholder value through discovery, with an increase in Snowline’s market capitalization of roughly 310% one year out from IPO.  
Figure 1 – Jupiter “Before”: At the beginning of 2021 field season, Einarson’s Jupiter zone was a recently identified, 3 km long float train of quartz boulders assaying up to 25.2 g/t Au, accompanied by a 3 km long zone of elevated to anomalous gold in soils.
Figure 2 – Jupiter “After”: The first ever drill testing of Jupiter yielded highly encouraging results, including these intersections (drilled widths) from diamond drill holes J-21-010 through J-21-013. Hole J-21-020, collared 1.1 km to the north, encountered visible gold and returned 8.3g/t Au across 4.7m, including 22.1 g/t Au over 1.1 m(drilled widths). That Jupiter is a “blind” target (very few outcrops, none mineralized) makes these results even more compelling, as they are random tests of a broader system rather than targeted shots within a known geological framework.

Figure 3 – Valley “Before”: Chip sampling conducted in 2012 by a previous operator returned 4.2 g/t Au over 4.7 m in Rogue’s Valley zone, with prospectors also noting the presence of sheeted quartz vein arrays. Despite these encouraging historical results, this and other gold targets at Rogue were returned to Snowline’s private precursor along with extensive regional data.
Figure 4 – Valley “After”: Snowline drilled the first ever holes into Valley, with four of four intersecting visible gold and broad zones of anomalous mineralization. Surface work delineated an associated, 900 m gold-in-soil anomaly as well as additional sheeted vein arrays associated with the intrusion.

LOOKING AHEAD 

While 2021 was a big year for us, we are just getting started. Snowline is well positioned with over $8.5 M in the treasury to build on our discoveries and take major steps forward in 2022. We are already well underway with preparations for the upcoming field season. Key pieces in place include a drill on site at our Valley target, a second drill under contract, and a permit secured for a new, centralized exploration camp that will allow for more cost-effective exploration. 

In the coming year, Snowline aims to: 

  • Build on our commitment towards environmentally and socially responsible exploration, with economic engagement of and open lines of communication and consultation with First Nations and Yukon communities 
  • Further consolidate our land position in our flagship district comprising the Rogue, Einarson, Ursa and Cynthia projects 
  • Drill at least 3,000 m at Jupiter and another 3,000 m+ with a second drill at Valley, with the dual objectives of understanding potential scales of the systems and controls on mineralization 
  • Drill at least 2,000 m in total on two or more on untested primary targets.
  • Advance additional primary targets to a drill-ready stage while showcasing the depth of our exploration portfolio 
  • Continue with regional surface work to identify and advance additional prospective areas and anomalies both on the ground and within in Snowline’s extensive regional database.  

And as always, we will be considering other strategic approaches towards increasing shareholder value, risk reduction and maximizing growth opportunities. 

Thank you for your support. We look forward to sharing with you the excitement of discovery and we continue to grow. 

ON BEHALF OF THE BOARD, 

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

Craig Hart, PhD, FSEG, FGAC
Chair & Director  

For further information, please contact: 
Snowline Gold Corp. 
+1 778 650 5485
info@snowlinegold.com

Figure 5 – Snowline Gold Corp.’s district scale land position in the eastern Selwyn Basin, with the locations of 2021 drill programs shown as gold stars. Despite what the Company believes to a highly prospective geological setting to host large gold deposits, the area has seen little historical exploration.

QUALIFIED PERSON 

Information in this letter has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101. 

ABOUT SNOWLINE GOLD CORP. 

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >100,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district. 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

This letter contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. 

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.