VANCOUVER, BC, Aug. 14, 2025 /CNW/ – SNOWLINE GOLD CORP. (TSXV: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and BMO Capital Markets on behalf of a syndicate of underwriters (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 8,888,900 common shares of the Company (the “Common Shares“) at a price of $9.00 per Common Share (the “Offering Price“), for aggregate gross proceeds of $80,000,100 (the “Offering“).
In addition, the Company will grant the Underwriters an option to acquire up to an additional 1,333,300 Common Shares (the “Over-Allotment Option“) at the Offering Price for additional gross proceeds of up to $11,999,700, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the Closing Date (as defined herein).
Scott Berdahl, CEO & Director of Snowline, comments: “This targeted raise gives us multiple years of runway to efficiently and responsibly advance the Valley gold deposit on our Rogue Project, while continuing with our regional exploration efforts as we look to unlock a promising new Canadian minerals district. With a strong treasury behind us, we can focus on what matters and work to deliver shareholder value.”
The Company intends to use the net proceeds from the Offering (and any proceeds received from the Over-Allotment Option) to advance the Company’s projects in the Yukon Territory, as well as for working capital and general corporate purposes.
Closing of the Offering is expected to occur on or about September 4, 2025 (the “Closing Date“) and is subject to certain conditions including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities.
The Common Shares will be offered by way of a short form prospectus to be filed in Alberta, British Columbia and Ontario and may also be sold in certain offshore jurisdictions (provided that placement in such offshore jurisdictions does not give rise to the filing of a prospectus or registration statement or to any continuous disclosure obligations) and by way of private placement in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act“).
The securities referred to in this news release have not been, nor will they be, registered under the U.S. Securities Act, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any securities in the United States, nor in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with mineral claim portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley gold deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district in the highly prospective yet underexplored Selwyn Basin.
Valley hosts an open MRE of 7.94 million ounces gold at 1.21 g/t Au Measured and Indicated (in 204.0 million tonnes) and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au (in 44.5 million tonnes)1, with a cut-off grade of 0.3 g/t Au. Results of a preliminary economic assessment(“PEA”) of Valley suggest the potential for the deposit to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada,” dated July 30, 2025, with an effective date of March 1, 2025 and available on SEDAR+ and the Company’s website.
Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements and plans for a new minerals district. 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 in this press release include, but are not limited to closing of the Offering, the use of proceeds from the Offering and regulatory and TSXV approval.
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.
_______________
1 Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant issues.
Vancouver, B.C., August 13, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce the results of voting at its Annual General Meeting of Shareholders (“AGM”) held August 12, 2025.
A total of 89,992,054 common shares were voted, representing 51.6% of total shares issued and outstanding as at the record date of the meeting. Shareholders voted in favour of all items put forward by the Company. As a result:
The number of directors was set at six with the following nominees re-elected as directors: Craig Hart, Scott Berdahl, Calum Morrison, Sarah Weber and Gilbert Lawson, and Rob Doyle was elected as director;
Crowe MacKay LLP were re-appointed as auditors of the Company for the ensuing year;
The Company’s Omnibus Incentive Plan was reapproved; and
The Company adopted new articles.
Grant of DSUs
Snowline also announces that it has granted a total of 15,000 Deferred Share Units (“DSUs”) to a director pursuant to its Omnibus Incentive Plan. The DSUs vest immediately upon grant and are payable upon the holder ceasing to be a director of the Company.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with mineral claim portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley gold deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district in the highly prospective yet underexplored Selwyn Basin.
Valley hosts an open MRE of 7.94 million ounces gold at 1.21 g/t Au Measured and Indicated (in 204.0 million tonnes) and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au (in 44.5 million tonnes)[1], with a cut-off grade of 0.3 g/t Au. Results of a preliminary economic assessment(“PEA”) of Valley suggest the potential for the deposit to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada,” dated July 30, 2025, with an effective date of March 1, 2025 and available on SEDAR+ and the Company’s website.
Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements. 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.
[1]Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant issues.
Drilling along the eastern edge of the Valley intrusion intersects sheeted quartz veins with trace amounts of visible gold along an open, 500 m area, with assays pending.
Initial assay results from 2025 program at Valley reveal broad zones of gold mineralization outside of current MRE.
Regional drilling provides evidence of widespread gold fertility across all five RIRGS targets drilled outside of Valley to date in 2025. Assays pending for 17,500 m overall, with drilling ongoing.
Outcropping sheeted quartz veins in granodiorite discovered at the Ramsey target, Rogue Project, roughly 22 km west of Valley.
Vancouver, B.C., August 7, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to provide updates to its ongoing exploration and development programs in the eastern Yukon. At Valley, sheeted quartz veins with visible gold are present in drill holes within a newly discovered and still open zone potentially 500 x 100+ m along the eastern boundary of the local intrusion (Figure 1), several hundred metres east of the current limit of the Valley Mineral Resource Estimate (“MRE”)[1] (Figure 2). On the broader Rogue Project, of five additional reduced-intrusion related gold system (“RIRGS”) targets drilled outside of Valley so far in 2025, all have now encountered trace instances of visible gold. Assays are pending for all regional holes. In addition, surface exploration has discovered sheeted quartz vein mineralization in granodiorite at Snowline’s early stage “Ramsey” target, located at low elevations roughly 22 km west of Valley. To date, over 20,000 m have been drilled by the Company this year on the Rogue and Einarson projects, with drilling ongoing and assays pending for approximately 17,500 m.
“We have a lot to be excited about as initial assays come in for the 2025 drill season,” said Scott Berdahl, CEO & Director of Snowline. “Late last season, drillhole V-24-115 gave indications that the eastern margin of the Valley intrusion could host an additional zone of strong RIRGS mineralization. Our current drilling shows increased quartz vein densities towards this eastern margin, accompanied by trace amounts of visible gold, along a wide corridor that is well outside of our previous drilling. On the broader Rogue Project, additional RIRGS targets demonstrate widespread gold fertility through drilling and through ongoing surface exploration. We await analytical results to determine the significance of these initial results.
“I would like to commend Snowline’s field team on safe execution of such a rigorous exploration campaign to date in the midst of a busy and multi-faceted season. The various engineering and environmental studies thrown into the mix to advance our Valley deposit have not dampened the pace nor the enthusiasm of our team in getting out and taking big swings towards making additional discoveries across our prospective greenfield mineral property portfolio.”
[1] Please see technical report titled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada” dated July 30, 2025 with an effective date of March 1, 2025, available under the Company’s profile at www.sedarplus.com and available on the Company’s website at www.snowlinegold.com.
Figure 1 – Plan map of the Valley intrusion showing all drilling to date, including results from the first five holes received for 2025. Observations of visible gold in holes that have yet to receive analytical results are shown as yellow circles. The surface trace of Figure 2 is shown as A-A’. Note that 2025 holes are plotted above previous results for clarity, regardless of relative depths. The outline of the Valley intrusion corresponds to its expression at surface. See Snowline news release dated February 19, 2025 for further details on hole V-24-115.
Figure 2 – Cross section A-A’ showing the location of V-25-143 relative to all other drilling and the Phase 3 pit shell from the July 30, 2025 Rogue Project PEA. The surface trace of this section is shown on Figure 1.
VALLEY UPDATES, ROGUE PROJECT
Drilling: Over 11,500 m of drilling has been completed within and near the Valley deposit to date in 2025, and drilling is ongoing. The objectives of this program are: 1) to test potential expansion of the current MRE for Valley; 2) to test for new zones of high-grade mineralization within the Valley intrusion; and 3) to prepare for a future Prefeasibility Study (“PFS”) by upgrading Inferred Resources to higher categories and obtaining additional geotechnical information.
Of note, a new zone of sheeted quartz veins has been identified along the previously untested eastern margin of the Valley intrusion, with abundant instances of trace visible gold observed within the veins (Figures 1, 2 and 3). The location of this mineralization at depth corresponds to the surface expression of the “Ridge” zone soil and talus fine gold anomaly, identified by the Company in early sampling (see Snowline’s March 10, 2022 news release). These observations await analytical results, which are necessary to assess the significance of the new zone of mineralization.
In addition, the Company has received results from its first five holes at Valley to date. These holes, V-25-125 through 129, reveal broad zones of anomalous gold mineralization outside of the current Valley MRE and, where inside the existing block model, will serve to inform potential recategorization of Inferred Mineral Resources (Figure 1, Table 1).
Valley Development: A rigorous program of geotechnical, geochemical, surface, groundwater and environmental testing is ongoing at Valley and related sites to support advancement of a future PFS and permitting.
Figure 3 – V-25-143 drill core from 427.0 m to 443.5 m downhole. Light to intense sheeted quartz veins cut the Valley intrusion at multiple orientations, with varying alteration types around different veins. Similar mineralization occurs from roughly 326 to 443 m downhole, as well as in surrounding holes in an open, 500 m area along the eastern edge of the Valley intrusion which was previously assumed to be unmineralized. Vein thicknesses range from 5 mm to >5 cm. Minor bismuthinite and trace visible gold (denoted by orange flagging tape above the core) are present in the sheeted veins. Assays for this hole and others are pending.
Table 1 – Anomalous gold intervals in drillholes V-25-025 through V-25-129 from the Valley deposit.
REGIONAL UPDATES, ROGUE PROJECT
Over 4,300 m of drilling has been completed to date in 2025 on the Rogue Project outside of the Valley deposit, on five additional targets. Rare instances of trace visible gold have been encountered in drill core from all five targets, in small (0.5-10 cm) quartz veins, consistent with the RIRGS deposit model. This regional exploration campaign is ongoing, with assays pending for all targets. Target locations are shown in Figure 4, and examples of intrusive drill core from the Duke, JP and Aurelius targets are shown as Figures 5, 6 and 7 respectively.
Figure 4 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus, highlighting targets drilled to date during Snowline’s 2025 exploration campaign.
Duke Target
Figure 5 – DUK-25-003 drill core from 391.5 m to 400.3 m downhole. Mineralization at Duke includes disseminated acicular arsenopyrite within the intrusion and surrounding country rock. Minor bismuthinite and trace visible gold (denoted by orange flagging tape above the core) are present in the sheeted veins. Assays for this hole and all others from Duke are pending.
Duke is located roughly 11 km southeast of Valley. The host intrusion forms a 1.4 x 1.3 km multiphase stock. The full extent of the intrusion is not yet known. A north-south creek through the intrusion exposes similar outcrops with evidence of surface mineralization along a 3 km corridor.
The intrusion at Duke is characterized by porphyritic to equigranular granodiorites and diorites crosscut by multiple intrusive breccias that in all cases show quartz±sulphide veins with minor to trace bismuthinite, arsenopyrite, boulangerite, chalcopyrite, pyrrhotite, and tourmaline. Disseminated acicular arsenopyrite is also observed within the intrusive and country-rock volcanic units. Three sets of veins have been identified with distinct orientations. Three holes have been completed (1,331 m) in the first-ever drill testing of the target, with rare, trace instances of visible gold observed each hole. Assay results are pending for these holes.
JP Target:
Figure 6 – JP-25-001 drill core from 353.7 m to 362.0 m downhole. Shallow-dipping quartz veins cut megacrystic syenite, in some cases with thick white alteration selvages. Vein thicknesses range from 5 mm to >5 cm. Minor bismuthinite and trace visible gold (denoted by orange flagging tape above the core) are present in the sheeted veins. Assays for this hole and others from JP are pending.
JP is another RIRGS target that forms part of the Rogue Plutonic Complex. It is located 8 km southwest of Valley, and 8 km south of the Valley access route envisioned in the recent Rogue Project PEA. It is characterized by a NE-elongated 1.2 x 0.7 km megacrystic syenite crosscut by smaller granodioritic dykes.
Mineralization is hosted in sub-horizontal quartz-sulphide veins, with densities varying between 1 and 3 veins per meter. These veins contain traces to massive aggregates of arsenopyrite, bismuthinite, pyrite, and pyrrhotite. Three holes have been completed as part of the first ever drill campaign done on this target (1,456 m). Rare, trace instances of visible gold have been identified within quartz veins in each hole. Assays are pending for all holes at JP.
Aurelius Target:
Figure 7 – AU-25-007 drill core from 103.8 m to 117.1 m downhole. Light to moderate sheeted quartz veins cut a granodiorite intrusion, with varying alteration types around different veins and selective oxidation. The hole is the first at Aurelius to intersect an intrusive stock and was cut short by technical issues. Assays for this hole and one other at Aurelius are pending, with plans for an additional hole to further test mineralization within this intrusion.
Two holes have been drilled so far at Aurelius as part of a Phase II drill program (535 m), following up on Phase I drilling in 2024. Of note, hole AU-25-007 intersected a medium-grained granodiorite containing sheeted quartz veins with varying levels of sulphides. Outcrops of similar granodiorite were identified 150 m south of this hole, but no veining was identified at surface. While trace visible gold was encountered in Phase I drilling, no visible gold has been observed to date within the intrusion. Assays are pending for all Phase II holes at Aurelius.
AU-25-007 didn’t reach its target depth due to operational problems. The drilled bedrock interval (between 80 and 150 meters) contains two sets of veins, all of them with minor to trace pyrrhotite, pyrite, arsenopyrite, bismuthinite, and molybdenite. Vein density ranges between 2 to 5 veins per meter. A follow-up hole is planned before the end of the season to further test this newly-discovered instance of intrusion-hosted sheeted quartz veins.
Ramsey Target:
Figure 8 – Sheeted quartz veins in outcropping granodiorite at the Ramsey target, Rogue Project. The outcrop is the first instance of granodiorite exposed in bedrock encountered at Ramsey, which occupies a topographic low. For scale, the handle of the rock hammer on the right side of the image is roughly 50 cm long.
Surface prospecting and mapping at the Ramsey target has located outcropping sheeted quartz veins hosted in granodiorite. Owing to the covered nature of the target area, the character and extent of this quartz vein hosted mineralization and the granodiorite itself are not yet known. The outcrop has been channel sampled across its full 7 m width, with assays pending. On positive results, the Ramsey target may become a candidate for a late-season, Phase I drill program. Initial prospecting of the target area yielded visible gold in outcrop, hosted by thin, sheeted quartz veins through gabbro, with a selective grab sample returning 86.5 g/t Au (see Snowline news release dated May 2, 2024).
The Ramsey target is located 22 km west of Valley and roughly 4 km from the access corridor envisioned by the recent Rogue Project PEA. It has never been drill tested.
QA/QC
On receipt from the drill site NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline’s “Forks” Camp. Sample lengths as small as 0.5 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was used. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by orientation line where present or by dominant vein orientation where absent) collected for analysis and one half stored as a record. Field duplicates were collected at regular intervals as ¼ core samples by splitting the ½ core sent for sampling, leaving a consistent record of half core material from duplicate and non-duplicate samples alike. Standard reference materials and blanks 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 to Bureau Veritas’ preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in Vancouver.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25 g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (BV code: FA530).
For the purposes of this release, contiguous mineralized intervals at Valley are defined as runs of mineralization with no break >5.0 m assaying entirely <0.1 g/t Au and may include any highlight subsections thereof.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with mineral claim portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley gold deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district in the highly prospective yet underexplored Selwyn Basin.
Valley hosts an open MRE of 7.94 million ounces gold at 1.21 g/t Au Measured & Indicated (in 204.0 million tonnes) and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au (in 44.5 million tonnes)[1], with a cut-off grade of 0.3 g/t Au. Results of a Preliminary Economic Assessment (“PEA”) of Valley suggest the potential for the deposit to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada,” dated July 30, 2025, with an effective date of March 1, 2025, and available on SEDAR+ and the Company’s website.
Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Sergio Gamonal, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements about the Company’s work programs, results, surface work, advancement of studies and permitting, the completion of a potential PFS, the significance of visible gold in drill core, mineral resource estimates, projected mining plans costs, projected life of mine, 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.
[2]Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant issues.
Vancouver, B.C., July 31, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce the filing on SEDAR+ of a technical report supporting the Preliminary Economic Assessment (“PEA” ) for its Valley gold deposit (“Valley”) on its 100%-owned Rogue Project in Canada’s Yukon Territory (“the Technical Report”).
The PEA is a conceptual study of the potential economic viability of Valley’s mineral resources and the first economic assessment of any kind on the broader Rogue Project. Results of the PEA were disclosed by the Company in a June 23, 2025 news release.
The PEA[i] envisions a conventional open pit mining and milling operation for Valley with a projected 20-year LOM producing 6.8 million ounces (Moz) of payable gold with a front-weighted production profile and attractive economic parameters. It demonstrates a C$3.37 billion post-tax net present value at a 5% discount rate (NPV5%) at US$2,150/oz Au, increasing to C$6.80 billion at US$3,150/oz Au[ii], and 544 koz annual average Au production at all in sustaining costs (“AISC”)[iii] of US$569/oz[iv] Au for the first five (5) full years of production. Full details of the PEA are available in the Technical Report, available under the Company’s profile at www.sedarplus.com and available on the Company’s website at www.snowlinegold.com .
The Rogue Project and broader infrastructure work considered by the PEA overlaps with Traditional Territories of the First Nation of Na-Cho Nyäk Dun, the Ross River Dena Council and Kaska Nation.
2025 FIELD PROGRAM UPDATE
The primary objective of Snowline’s 2025 field campaign is efficient, rapid advancement of Valley to support a Pre-Feasibility Study (“PFS”) and project permitting. Work currently underway includes geotechnical drilling (+3,000 m) and sonic drilling, engineering studies, and expanded environmental monitoring. Complementing this is 15,000 m of exploration drilling at Valley planned to support resource expansion and conversion.
Snowline also remains committed to regional exploration at our earlier-stage Yukon projects, with the goal of establishing a gold district in the target-rich environment surrounding Valley. 10,000 m of first pass and follow up drilling is underway, with seven targets across the Rogue (outside of Valley) and Einarson projects drilled to date. Extensive regional surface exploration and geophysical surveying will complement drilling efforts while advancing the numerous targets within Snowline’s exploration pipeline.
To date, approximately 18,500 m have been drilled this season. Initial drill results from the 2025 drill season are forthcoming.
ABOUT SNOWLINE GOLD CORP.
Figure 1 – Rogue Project Regional Map
Snowline Gold Corp. is a Yukon Territory-focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit – a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon – while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
TECHNICAL REPORT
The Technical Report was prepared principally by SRK Consulting (Canada) Inc. as lead consultants, along with additional independent contractors, and is titled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada” dated July 30, 2025 with an effective date of March 1, 2025.
The following authors of the Technical Report are Qualified Persons for the purposes of NI 43-101, and the PEA-related information in this news release has been prepared under the supervision of and approved by them:
Bob McCarthy, P.Eng., SRK Consulting (Canada) Inc Edward Saunders, P.Eng., SRK Consulting (Canada) Inc Ignacio Garcia Schmidt, P.Eng., SRK Consulting (Canada) Inc Mauricio Herrera, P.Eng., SRK Consulting (Canada) Inc Christina James, P.Eng., SRK Consulting (Canada) Inc Jeff Clarke, P.Geo., SRK Consulting (Canada) Inc Adrian Dance, P.Eng., SRK Consulting (Canada) Inc Heather Burrell, P. Geo., Archer, Cathro & Associates (1981) Limited Steven C. Haggarty, P. Eng., Haggarty Technical Services Corp. Daniel J. Redmond, P. Geo., D Redmond Consulting and Associates
Additional scientific and technical information in this news release not specific to the PEA has been prepared under the supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline, as Qualified Person for the purposes of NI 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
USE OF NON-GAAP MEASURES
Certain financial measures referred to in this news release are not measures recognized under IFRS and are referred to as non-GAAP financial measures or ratios. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. The definitions established and calculations performed by Snowline are based on management’s reasonable judgement and are consistently applied. These measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.
The non-GAAP financial measures used in this news release and common to the gold mining industry are all-in sustaining cost per ounce of gold sold and free cash flow.
All-in sustaining cost per ounce of gold sold and free cash flow are non-GAAP financial measures or ratios and have no standardized meaning under IFRS Accounting Standards (“IFRS”) and may not be comparable to similar measures used by other issuers. As Valley is not in production, the Company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures or ratios may not be reconciled to the nearest comparable measures under IFRS.
END NOTES [i] The PEA is preliminary in nature and includes inferred mineral resources (approximately 5% of total mineral resources) that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by Metal Prices, Economic Factors, Environmental, Permitting, Legal, Title, or other relevant issues.
[ii] Sensitivities apply to the financial model only; pit selection, cut-off grade and processing schedules remain based on a US$1,950/oz gold price and would likely be redesigned to optimize for significantly higher or significantly lower gold price scenarios.
[iii] AISC are the sum of operating costs, off-site costs, 1% NSR payments, sustaining capital costs and progressive reclamation costs (C$13M), divided by payable gold ounces produced. AISC excludes closure costs and any post-closure costs. Refer to the “Non-GAAP Financial Measures” section of this news release for more information.
[iv] Based on an exchange rate of 1.40 CAD per 1.00 USD.
This news release contains certain forward-looking statements and forward-looking information (collectively, the “forward-looking statements”) within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance of the Company. Forward-looking statements in this news release include, but are not limited to, the Company’s expectations and estimates with respect to: the economic and scoping-level parameters of the PEA and Valley; the anticipated timeline for completion of a potential PFS; mineral resource estimates; the cost and timing of any development of Valley; the proposed mine plan and mining methods; dilution and mining recoveries; processing method and rates; production rates; projected metallurgical recovery rates; infrastructure requirements; energy sources; capital, operating and sustaining cost estimates; the projected life of mine and other expected attributes of Valley; the NPV; future metal prices; the timing of any engineering, environmental assessment or Indigenous consultation processes; the expansion of environmental baseline monitoring programs; future drill programs and general business and economic conditions.
Statements relating to “mineral resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the mineral resources described can be profitably produced in the future. Generally, forward-looking statements can be identified using forward-looking terminology. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “target”, “forecast”, “schedule”, “prospective”, “envision”, “continue”, “intend”, “assume”, “anticipate”, “believe”, “estimate”, “budget”, “predict”, “project” 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.
All statements other than statements of historical fact may be forward-looking statements. 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 the inherent uncertainties regarding cost estimates; the use of non-GAAP measures in financial performance accounting; changes in commodity and metal prices; currency fluctuation; financing; unanticipated resource grades and recoveries; infrastructure; results of future exploration activities; cost overruns; availability of materials and equipment; timeliness of government approvals; political risk and related economic risk; unanticipated environmental impact on operations; 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. Additionally, while the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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.
New reduced-intrusion related gold system, “Celestic,” discovered at surface roughly 27 km from Valley and 5 km from existing heavy equipment winter trail
Discovery highlighted by selective grab samples of up to 11.7 g/t Au and an outcrop chip sample of 1.09 g/t Au over 4.0 m from zones of densely sheeted quartz veins exposed at surface
Snowline’s broader 2025 field program advancing ahead of schedule, with >11,000 m drilled to date on three targets alongside an expanded development-focused program to support future technical studies and permitting.
Vancouver, B.C., July 2, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce discovery of a reduced-intrusion related gold system (“RIRGS”) on its Cynthia Project, Yukon, roughly 27 km southwest of its Valley gold deposit (“Valley”) on the adjacent Rogue Project (Figures 2&3). The “Celestic” target covers several zones of gold-bearing, densely sheeted quartz veins exposed in a 4.5 x 3 km granodiorite intrusion. Selective grab samples of quartz vein material returned up to 11.7 g/t Au, while a continuous 4.0 m chip sample across an exposed outcrop returned 1.09 g/t Au (Figure 1). Subject to additional follow up, the Celestic target may see initial drilling in 2025 as Snowline advances its largest field program to date.
“That we are still finding large, exposed, untested, and previously unknown reduced-intrusion related gold systems near our flagship Valley deposit highlights the underexplored nature of this prospective district,” said Scott Berdahl, CEO & Director of Snowline. “I would like to commend Snowline’s field teams for their ongoing work in advancing and expanding our pipeline of regional targets on our 100%-owned, 3,600 km2 Yukon mineral claim position. We are excited by the demonstrated fertility of this region as we continue to uncover compelling new targets, and of course by the opportunity to test these targets for the very first time.”
2025 FIELD PROGRAM UPDATE
Drilling: Snowline’s 2025 drill program is proceeding ahead of schedule, with five drills turning and over 11,000 m completed to date in 28 holes on three targets. Over 8,000 m of this drilling has been completed around Valley, primarily as step-outs sampling previously untested locations within the broader Valley intrusion and as infill drilling aimed at converting inferred mineral resources to indicated mineral resources or higher. Roughly 2,500 m has been completed at the Einarson Project’s Jupiter target. An additional 500 m has been completed as part of a Phase I drill program on the Einarson Project’s Neptune target, the first ever drill testing of a roughly 30 km zone of elevated to anomalous gold in talus fines and soils associated with a regional-scale faulted anticline. Subsequent regional drilling will focus primarily on RIRGS targets on the Rogue and Cynthia projects.
Valley Development: Snowline has expanded the scope of its 2025 field program to support advancement of Valley towards a Prefeasibility Study and permitting. The expanded program includes:
Surficial mapping, test pitting, sonic drilling and passive seismic surveying to characterize overburden around Valley and at potential infrastructure locations
geotechnical drilling to improve understanding of pit constraints
geochemical and metallurgical testing to inform processing refinements and reclamation considerations
hydrometric monitoring and hydrogeological testing to further characterize surface and groundwater
expanded wildlife surveying to inform permitting baselines, and
LiDAR surveying across the broader project footprint to inform engineering work.
CELESTIC TARGET, CYNTHIA PROPERTY
The Celestic target is a newly discovered RIRGS with a Valley-type signature characterized by quartz-sheeted veins hosted within a 4.5 x 3 km multiphase granodioritic intrusive. The target covers at least five areas of densely sheeted quartz veins. It is located roughly 1 km and 3 km southwest of Snowline’s “Intersection” and “Sydney” targets on its Cynthia Project, Yukon and 27 km southwest of Valley. The Plata winter trail, a potential future access route for Valley in the Rogue Project Preliminary Economic Assessment , runs within 5 km of the target.
Figure 1 – Site photos from Celestic, with locations A-D shown in Figure 2 below. A) 11.7 g/t quartz-carbonate vein specimen with associated bismuthinite. B-D) Outcrops of densely sheeted veins, with multiple overlapping vein orientations. A chip sample denoted by the red line across outcrop B (total length: 4.0 m) returned 1.09 g/t.
Regional geochemical sampling shows elevated to anomalous gold and bismuth values in stream sediments across multiple drainages originating from the intrusion. Follow-up prospecting revealed multiple zones of sheeted quartz veins typical of RIRGS mineralization, including a 500 x 400 m area with vein densities >10/m, often with multiple orientations present. Initial results are considered by the Company to be encouraging; of 74 samples taken, 14 returned >0.1 g/t Au, averaging 1.4 g/t Au. Continuous sampling yielded channel samples of 4.0 meters at 1.09 g/t Au, together with selective samples of bismuthinite-bearing quartz vein material assaying up to 11.7 g/t Au. The sheeted vein corridor, characterized by gold-bismuth-tellurium-tungsten anomalies, is open in all directions.
Figure 2 – Overview map of the Celestic target, located within a mid-Cretaceous aged granodiorite intrusion. Zones of densely sheeted veins occur over an area of at least 4 x 1.5 km within the broader corridor and remain open. Letters A-D denote photograph locations in Figure 1 above. The Intersection target is located immediately northeast of the intrusion and has seen limited historical (2010) drilling, but earlier prospecting efforts did not extend into the intrusion.
STOCK OPTIONS, DEFERRED SHARE UNITS AND RESTRICTED SHARE UNITS
Snowline also announces that it has granted a total of 300,000 stock options, 60,000 Deferred Share Units (“DSUs”), and 150,000 Restricted Share Units (“RSUs”) to certain employees and a director pursuant to its Omnibus Incentive Plan.
The stock options have an exercise price of C$8.64, vest 20% each six months starting six months from the grant date and expire after five years. The RSUs vest 100% in three years from the grant date. The DSUs vest immediately upon grant and are payable upon the holder ceasing to be a director of the Company.
Figure 3 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus. The Celestic target is located on the Cynthia Project, roughly 27 km southwest of Valley and 5 km northeast of the Plata Winter Trail.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with mineral claim portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley gold deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district in the highly prospective yet underexplored Selwyn Basin.
Valley hosts an open mineral resource estimate of 7.94 million ounces gold at 1.21 g/t Au Measured and Indicated and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au, as outlined in a May 15, 2025 news release[1]. Results of a preliminary economic analysis on Valley suggest the potential for the deposit to support a long-life mining operation with a strong production profile and low production costs, as outlined in a June 23, 2025 news release.
Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Sergio Gamonal, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements about the Company’s work programs, results, surface work, advancement of studies and permitting, mineral resource estimates, projected mining plans costs, projected life of mine, 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.
[1] See news release dated June 23, 2025 available under the Company’s profile at www.sedarplus.com and on the Company’s website at www.snowlinegold.com
[2]Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant issues. The mineral resource estimate has a cut-off grade of 0.30 g/t gold.
One of the largest undeveloped gold deposits in Canada: PEA projected life of mine (“LOM”) payable production of 6.8 million ounces of gold (“Au”) over 20 years
Significant production and high margins: 544koz annual average Au production at all in sustaining costs (“AISC”)[1] of US$569/oz[2] Au for the first five full years of production
Robust economics: C$3.37 billion post-tax net present value at a 5% discount rate (“NPV5%”) at US$2,150/oz Au, increasing to C$6.80 billion at US$3,150/oz Au[3],
Compelling returns with significant leverage to gold: 25% post tax internal rate of return (“IRR”) at US$2,150/oz Au, increasing to 37% at US$3,150/oz Au
Rapid payback of initial capital expenditures: C$1.7 billion initial capital paid back over 2.7 years at US$2,150/oz Au, decreasing to 2.1 years at US$3,150/oz Au
Gaining momentum: Fieldwork and engineering studies are underway on site to inform future technical studies, alongside extensive regional exploration and drilling aimed at complementary, district-scale discovery.
Vancouver, B.C., June 23, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce results from its Preliminary Economic Assessment (“PEA” or the “Study”) for its Valley gold deposit (“Valley”) on its 100%-owned Rogue Project in Canada’s Yukon Territory. The PEA is a conceptual study of the potential economic viability of Valley’s mineral resources and the first economic assessment of any kind on the broader Rogue Project. The Rogue Project and broader infrastructure work considered by this PEA overlaps with Traditional Territories of the First Nation of Na-Cho Nyäk Dun, the Ross River Dena Council and Kaska Nation.
The PEA envisions a conventional open pit mining and milling operation for Valley with a projected 20-year LOM producing 6.8 million ounces (Moz) of payable gold with a front-weighted production profile and attractive economic parameters.
“This PEA reinforces our conviction that Valley can become a world class mining operation developed at a high standard, with clear potential to bring significant economic benefits to the Yukon,” said Scott Berdahl, CEO & Director of Snowline. “The rare combination of high margins and large scale makes for a robust asset with stability through a wide range of market conditions. The low strip ratio and strong gold grades enhance project economics by increasing mining efficiency while reducing the overall project footprint.”
[1] AISC are the sum of operating costs, off-site costs, 1% NSR payments, sustaining capital costs and progressive reclamation costs (C$13M), divided by payable gold ounces produced. AISC excludes closure costs and any post-closure costs. Refer to the “Non-GAAP Financial Measures” section of this news release for more information.
[2] Based on an exchange rate of 1.40 CAD per 1.00 USD.
[3] Sensitivities apply to the financial model only; pit selection, cut-off grade and processing schedules remain based on a US$1,950/oz gold price and would likely be redesigned to optimize for significantly higher or significantly lower gold price scenarios.
“These results are a testament to the quality of the Valley deposit and to the hard work of Snowline’s team. In less than four years, we’ve gone from soil sampling and Valley’s first drill holes to a significant conceptual NPV. This serves as an important milestone as we continue to press forward on multiple fronts to efficiently and responsibly move Valley forward. Multiple field studies to support advanced technical studies are now underway on site, alongside environmental baseline work to inform future assessment and permitting. Combined with our ongoing regional exploration, we are excited by the path ahead and the opportunity to advance an important new contributor to the Canadian gold mining landscape.”
PEA OVERVIEW
When available, readers are encouraged to read the PEA in the Company’s technical report (“Technical Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“43-101”) in its entirety, including all qualifications, assumptions and exclusions that relate to the PEA and mineral resource model. The Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context.
The PEA envisions a conventional open pit mining and milling operation with a nameplate processing capacity of 25,000 tonnes per day. Annual gold production averages 544,000 ounces per year during the first five full years, and 341,000 ounces per year over the 20-year LOM. Table 1 presents key operating and financial highlights from the PEA, using base study case assumptions of US$2,150/oz gold and a foreign exchange rate of 1.40 CAD per 1.00 USD for economic analysis. Mine design and associated production schedules are based on a US$1,950/oz gold price. Figure 1 presents annual gold production and AISC over the LOM.
MINERAL RESOURCE ESTIMATE
On May 15, 2025 the Company announced an updated mineral resource estimate (the “MRE”) for Valley[5].
The PEA is based on the MRE, which comprises 7.94 million ounces of gold averaging 1.21 g/t Au in the measured and indicated categories and an additional 0.89 million ounces gold averaging 0.62 g/t Au in the inferred category, based on roughly 53 km of drilling completed by the end of 2024. Note that the PEA production profile is based on a subset of the MRE (revenue factor 0.875 used for PEA vs. 1.0 used for MRE), and uses a higher cut-off grade (0.4 g/t Au PEA vs. 0.3 g/t Au MRE) on account of a lower gold price used in PEA pit design and processing (US$1,950/oz PEA engineering vs. US$2,350/oz MRE).
[4] Cumulative Net Free Cash Flow (“FCF”) is defined as gross revenue less 1% NSR payments, pre-production capital costs, operating costs, off-site costs, sustaining capital costs, taxes, progressive reclamation costs, and closure costs. Closure costs include active reclamation for five years following closure (C$159M) and a post-closure allowance of C$89M. Refer to the “Non-GAAP Financial Measures” section of this news release for more information.
[5] See news release dated May 15, 2025 available under the Company’s profile at www.sedarplus.com and on the Company’s website at www.snowlinegold.com.
MINING
The mine plan is based on conventional open pit truck-and-shovel methods with a mill processing capacity of 9 Mtpa over a 20-year LOM. Pit optimization using a gold price of US$1,950/oz selected a pit shell corresponding to a revenue factor of 0.875, which provides favourable geometry for phased pushbacks and access. The selected pit shell contains approximately 171 Mt of mill feed at 1.34 g/t Au and 186 Mt of waste, resulting in a strip ratio of 1.09:1. Note that the lower gold price used in pit design results in a higher cut-off grade versus the MRE (0.4 g/t Au PEA vs. 0.3 g/t Au MRE).
The mine schedule is phased to prioritize higher-grade feed in early years, supporting strong early cash flow (Figure 1). A mining bench height of 10 m was selected based on trade-offs between dilution control and equipment productivity. Haulage infrastructure includes dual-lane ramps and single-lane access for the last benches. Waste rock is primarily stored in the adjacent valley in the Waste Rock Storage Facility (“WSF”) with some used for infrastructure construction.
Drill-and-blast operations are required for both waste and mill feed, while overburden is expected to be free-dig. The mine fleet consists of 24 m³ shovels, 139 t trucks, and associated support equipment sized to meet total material movement requirements.
METALLURGY & PROCESSING
The PEA envisions a 25,000 tonne-per-day processing facility based on a standard metallurgical flowsheet, consisting of grinding, gravity separation and carbon-in-leach (CIL) followed by cyanide (CN) detox to produce gold doré (Figure 3). No heap leaching will be used in the project. Metallurgical testing indicates clean, non-refractory gold mineralization. Average gold recovery is estimated at 92.2% for the PEA.
OFF-SITE INFRASTRUCTURE
Year-round road access to site is envisioned for the PEA, with the main development components comprising a bridge over the Pelly River, upgrades to the existing government-maintained North Canol Road, and 130 km of new road linking the North Canol Road to site. This new road primarily follows the route of the existing Plata Winter Trail (Figure 5).
ON-SITE INFRASTRUCTURE
The site layout comprises the process plant, fuel and power infrastructure, water and tailings storage facility, camp accommodations, an airfield, waste storage facilities, and administrative buildings. Infrastructure is grouped to minimize haul distances and optimize operations.
A short term 750-person camp is envisioned to support mining infrastructure and tailings storage facility (“TSF”) construction, followed by a 250-person camp to support mining operations. Facilities include administrative offices, warehouses, maintenance shops, medical and environmental services, and an incinerator.
A dedicated 1,400 m long airfield is envisioned for crew rotation and select supply delivery. Costing includes support facilities for fuel storage and runway maintenance. Helicopter access would support emergency response and select logistics needs.
For the PEA, all power is assumed to be generated on-site using diesel generators. The installed capacity is 60 megawatts to meet a total demand of 36 megawatts. Five units of twelve megawatts each are planned, with potential integration of waste heat recovery systems.
TAILINGS MANAGEMENT
The location of the TSF was evaluated in accordance with geotechnical, water catchment, and environmental criteria. The embankments would be constructed using geosynthetic liners, with systems for seepage collection and staged construction. The design also considers water management strategies for both the operational and closure phases. Ongoing technical studies and field investigations will inform future refinement of location and design.
WATER MANAGEMENT
The water management system envisioned for the PEA separates contact water from non-contact water. Non-contact water is redirected away from site infrastructure using diversion channels. Contact water, primarily from the pit and WSF will be collected in a central pond and treated as required prior to discharge. Water from the TSF is recycled for processing with surplus water being treated as required prior to discharge. Given the uncertain potential for metal leaching (“ML”) and acid rock drainage (“ARD”) in the waste rock, the PEA conservatively assumes that water treatment will be necessary. This water management system is designed to support both ongoing operations and compliance following closure.
CAPITAL COSTS
The major components of pre-production capital are estimated at C$1,685M, including a contingency of C$246M. These costs are summarized in Table 3. Infrastructure costs include C$84M (before contingency) for upgrades to the government-maintained North Canol Road and a new bridge over the Pelly River near the existing highway connection at Ross River. The total construction period, including construction of year-round road access to site, is estimated to be 3.5 years.
Sustaining capital over the LOM is estimated to be C$1,424M, including a contingency of C$40M. Progressive reclamation and active closure costs are estimated to be C$261M, which includes a post-closure allowance of C$89M.
OPERATING COSTS
Operating costs are anticipated to average C$37.09/tonne processed, as outlined below in Table 4. Costs were estimated using industry benchmarking to comparable projects, as well as PEA level estimates of the key consumables, such as diesel consumption, reagents and power.
AISC, which include operating costs, off-site costs, a 1% net smelter royalty (“NSR”), sustaining capital costs and progressive reclamation costs, are presented in USD. Using the US$2,150/oz study price, AISC average is US$844/oz produced LOM (6.8 Moz produced), including US$569/oz produced during the first five full years of operation (2.7 Moz produced).
ECONOMIC ANALYSIS
The PEA provides an after-tax NPV5% of C$3.37 billion, an IRR of 25% and a payback period of 2.7 years from first production at a gold price of US$2,150/oz and an exchange rate of 1.40 CAD per 1.00 USD. Table 6 presents the sensitivity of after-tax NPV5%, IRR, payback period, cumulative FCF and average annual FCF to changes in the gold price. It should be noted that sensitivities apply to the financial model only; pit selection, cut-off grade and processing schedules are based on a US$1,950/oz gold price and would likely be redesigned to optimize for significantly higher or significantly lower gold price scenarios.
PROJECT TIMETABLE AND NEXT STEPS
Snowline intends to efficiently advance the Valley deposit through efforts in four key areas, as outlined in Figure 4 below.
[6] Average Annual FCF is for LOM years 1-20 and is defined as Cumulative Net FCF, excluding pre-production capital costs and closure costs. Refer to the “Non-GAAP Financial Measures” section of this news release for more information.
Valley is located in the traditional territory of the First Nation of Na-Cho Nyäk Dun, with proposed site access also within the traditional territories of the Ross River Dena Council and Kaska Nation. The foundation of project advancement comes from ongoing engagement throughout all stages of project exploration, scoping, planning and baseline work. Through continued open communication and collaboration, the Company intends to design and advance Valley in a responsible, sustainable and ultimately beneficial manner.
The next technical study is expected to be a pre-feasibility study (“PFS”) for the Rogue Project, focused on Valley. Fieldwork to support a PFS has recently commenced, and will include geotechnical drilling, groundwater characterization and monitoring, surface material characterization supported by lidar surveying and sonic drilling, and broader geochemical characterization of geological materials. Drilling is also underway at Valley that is planned to convert current inferred mineral resources to indicated mineral resources or higher, so that they may be considered in a PFS.
Preliminary environmental baseline monitoring began at Valley in October 2022. Over the coming months, the Company plans to expand the scope of these baseline studies, both spatially and by discipline to encompass a broader range of data types, to provide a holistic picture to inform future permitting.
OPPORTUNITIES AND EXPLORATION POTENTIAL
The PEA is an initial, conceptual evaluation of a mining scenario at Valley. While care has been taken to provide accurate estimates and realistic assumptions, the preliminary nature of the Study provides opportunities for further refinements of the operation that could potentially improve the project’s technical and financial performance.
Resource Expansion & Satellite Deposits: The Valley gold deposit remains open in multiple directions, with open edges to the current resource, large volumes of the host intrusion still untested by drilling, and areas of gold mineralization encountered in drilling that are outside of the current resource and the PEA mine plan. Exploration drilling within the surrounding intrusion is currently underway. On a broader scale, the Rogue plutonic complex hosts multiple additional gold-bearing intrusions with the potential to host Valley-style mineralization. Surface exploration and drilling of multiple such targets are planned for the 2025 field season.
Throughput, Phasing & Cutoff Optimization: The PEA uses mine life and NPV as primary factors in determining mining rate and mill throughput, and assuming a constant milling capacity of 25,000 tonnes per day throughout the LOM. Scaling up LOM throughput would increase annual gold production, accelerating cash flows and thus potentially increasing NPV at the expense of mine life, while increasing initial capital expenditures.
Similarly, increasing mill throughput following Year 5 could conceptually increase annual production rates to more than 500,000 oz/year throughout the entirety of a shorter LOM, but the technical feasibility of this increase requires further study, and it would add capital costs that could potentially offset gains from accelerated cash-flow.
Outside of throughput considerations, using a higher cutoff grade would result in higher overall margins per ounce and—given the near-surface distribution of the highest grades in the deposit—reduced LOM stripping ratios, but doing so would result in a smaller production profile and a shorter LOM.
At present, such trade-offs have not been studied in detail. These factors will be analysed to inform future technical studies and planning.
Infrastructure Support: Capital expenditures in the PEA assume requisite upgrades to public infrastructure along the Yukon’s North Canol Road—which provides access to a number of important resource projects—are borne entirely by the Rogue Project. Presently, the Canadian Government’s Critical Minerals Infrastructure Fund has allocated initial capital to study potential road upgrades, bridge construction and power transmission along this infrastructure corridor. Given the public nature of the road and the presence of multiple resource companies in the region, the assumption that all expenditures would be borne by the Project is thought to be conservative.
Power Optimization: On-site diesel power generation is assumed for the PEA. For future technical studies and project planning, additional work will be conducted to review the relative impact of various alternative options.
Closure Costs: A conservative approach has been taken with respect to progressive reclamation, closure costs and post-closure reclamation work. Where uncertainties exist, financial allowances for worst-case scenarios have been made. Planned future work may provide further clarity which could eliminate any unneeded expenditures.
STUDY NOTES
Snowline retained SRK Consulting (Canada) Inc as lead consultants, along with additional independent contractors, to prepare the PEA in accordance with NI 43-101.
The PEA is based on the most recent (May 15, 2025) MRE for Valley, comprising 7.94 million ounces gold averaging 1.21 g/t Au in the measured and indicated categories and an additional 0.89 million ounces gold averaging 0.62 g/t Au in the inferred category, based on roughly 53 km of drilling completed by the end of 2024. Notably, approximately 95% of gold production in the PEA comes from mineral resources that are currently classified as measured and indicated. The effective date of the PEA is March 1, 2025, and the Technical Report will be filed on the Company’s website and under its SEDAR+ profile within 45 days of this news release.
The PEA is preliminary in nature and includes inferred mineral resources (approximately 5% of total mineral resources) that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA will be realized.
CONFERENCE CALL DETAILS
The Company will host a conference call to discuss the results at 6:00 am PDT / 9:00 am EDT on Tuesday June 24, 2025. The details are below:
To participate in the conference call, please use the following dial-in numbers and request to join the Snowline Gold Corp call:
Participant Telephone Numbers: Canada/USA Toll Free1-844-763-8274 International Toll +1-647-484-8814
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSONS
The following authors of the PEA are qualified persons for the purposes of NI 43-101 and the PEA-related information in this news release has been prepared under the supervision of and approved by them:
Bob McCarthy, P.Eng., SRK Consulting (Canada) Inc Ed Saunders, P.Eng., SRK Consulting (Canada) Inc Ignacio Garcia, P.Eng., SRK Consulting (Canada) Inc Mauricio Herrera, P.Eng., SRK Consulting (Canada) Inc Christina James, P.Eng., SRK Consulting (Canada) Inc Jeff Clarke, P.Geo., SRK Consulting (Canada) Inc Heather Burrell, P. Geo., Archer, Cathro & Associates (1981) Limited Steven C. Haggarty, P. Eng., Haggarty Technical Services Corp. Daniel J. Redmond, P. Geo., D Redmond Consulting and Associates
Additional scientific and technical information in this news release not specific to the PEA has been prepared under the supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline, as qualified person for the purposes of NI43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
USE OF NON-GAAP MEASURES
Certain financial measures referred to in this news release are not measures recognized under IFRS and are referred to as non-GAAP financial measures or ratios. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. The definitions established and calculations performed by Snowline are based on management’s reasonable judgement and are consistently applied. These measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.
The non-GAAP financial measures used in this news release and common to the gold mining industry are all-in sustaining cost per ounce of gold sold, and free cash flow.
All-in sustaining cost per ounce of gold sold and free cash flow are non-GAAP financial measures or ratios and have no standardized meaning under IFRS Accounting Standards (“IFRS”) and may not be comparable to similar measures used by other issuers. As Valley is not in production, the Company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures or ratios may not be reconciled to the nearest comparable measures under IFRS.
This news release contains certain forward-looking statements and forward-looking information (collectively, the “forward-looking statements”) within the meaning of applicable Canadian securities legislation, concerning the business, operations and financial performance of the Company. Forward-looking statements in this news release include, but are not limited to, the Company’s expectations and estimates with respect to: the economic and scoping-level parameters of the PEA and Valley; the anticipated timeline for completion of the Technical Report and potential PFS; mineral resource estimates; the cost and timing of any development of Valley; the proposed mine plan and mining methods; dilution and mining recoveries; processing method and rates; production rates; projected metallurgical recovery rates; infrastructure requirements; energy sources; capital, operating and sustaining cost estimates; the projected life of mine and other expected attributes of Valley; the NPV, IRR and payback period of capital; future metal prices; the timing of any engineering, environmental assessment or Indigenous consultation processes; the expansion of environmental baseline monitoring programs; changes to Valley configuration that may be requested as a result of stakeholder or government input; government regulations and permitting timelines; TSF; accessing to Valley and lodging; water management; estimates of reclamation obligations and closure costs; requirements for additional capital; environmental risks; future drill programs and general business and economic conditions.
Statements relating to “mineral resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions that the mineral resources described can be profitably produced in the future. Generally, forward-looking statements can be identified using forward-looking terminology. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “target”, “forecast”, “schedule”, “prospective”, “envision”, “continue”, “intend”, “assume”, “anticipate”, “believe”, “estimate”, “budget”, “predict”, “project” 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.
All statements other than statements of historical fact may be forward-looking statements. 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 the inherent uncertainties regarding cost estimates; the use of non-GAAP measures in financial performance accounting; changes in commodity and metal prices; currency fluctuation; financing; unanticipated resource grades and recoveries; infrastructure; results of future exploration activities; cost overruns; availability of materials and equipment; timeliness of government approvals; political risk and related economic risk; unanticipated environmental impact on operations; 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. Additionally, while the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. 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.
Vancouver, B.C., June 19, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce the appointment of Rob Doyle to the Board of Directors and Calum Morrison, current Board member, as President. Mr. Morrison will continue to serve as a Director of the Company. In addition, the Company will release results of its Preliminary Economic Assessment (“PEA”) for Valley after market close on Monday, June 23, 2025, followed by a virtual presentation and question and answer session on Tuesday, June 24, 2025, at 9:00 am EDT.
As President, Mr. Morrison will assist in overseeing Snowline’s corporate activities, complementing the ongoing work of Scott Berdahl as Snowline’s CEO. This appointment, alongside the addition of Mr. Doyle to the Board, continues to build on Snowline’s commitment to maintaining strong technical and corporate leadership. Recent strategic additions to Snowline’s executive team include Victor Vdovin, MBA, P.Eng., as Vice President of Engineering, Oliver Curran, MSc, as Vice President of Environment and Permitting, and Lauren McDougall, CPA, as Chief Financial Officer.
“By expanding Calum’s role and responsibilities to President, and adding Rob to our Board, we continue to build stronger corporate and operational foundations for the Company as well as providing more capacity to grow as the Company’s mandate expands to encompass development. Both individuals have substantial corporate development, governance and capital markets experience that are increasingly important at this point in Snowline’s evolution,” said Craig Hart, Independent Board Chair.
ROGUE PROJECT PRELIMINARY ECONOMIC ASSESSMENT
Snowline is excited to share the results of the Preliminary Economic Assessment (“PEA”) for the Rogue Project’s Valley gold deposit. Information will be released after North American markets close on Monday, June 23, 2025. The Company will host a conference call to discuss the results at 6:00 am PDT / 9:00 am EDT on Tuesday June 24, 2025. The details are below:
To participate in the conference call, please use the following dial-in numbers and request to join the Snowline Gold Corp call:
Participant Telephone Numbers: Canada/USA Toll Free1-844-763-8274 International Toll +1-647-484-8814
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PROFESSIONAL BACKGROUNDS
Rob Doyle
Rob Doyle is a seasoned executive and board member with over 25 years of international experience in corporate finance, management, and capital markets. Over his career, Rob has developed a strong track record in equity and debt financing, negotiating complex transactions, and overseeing finance, treasury, tax, and accounting functions. Rob served as the CFO of Pan American Silver for 18 years, was a founding board member of Maverix Metals Inc and currently is a board member of Orezone Gold Corporation, Lithium Argentina and Faraday Copper. Recognized for his leadership excellence, he was awarded the BC CFO of the Year for large public companies by Business in Vancouver in 2019. Rob is a Chartered Accountant (South Africa), a Chartered Financial Analyst, and a member of the Institute of Corporate Directors.
Calum Morrison
Calum Morrison is a mining finance professional with nearly two decades of experience in business development, mergers and acquisitions, corporate strategy and capital markets, and was first appointed to Snowline’s Board of Directors in February 2023. Most recently, Calum was the Vice President of Business Development and CFO of Great Bear Resources Ltd., and the President and CEO of Great Bear Royalties Corp. Calum previously spent several years as a senior member of Teck Resources Limited’s corporate development team, providing financial and technical expertise to the evaluation of mining projects globally. He also has direct capital markets experience acquired with past investment banking roles at major investment firms. He is a Chartered Financial Analyst and a Chartered Professional Accountant.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley gold deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with a combined 7.94 Moz gold Measured and Indicated mineral resource at 1.21 g/t Au and an additional 0.89 Moz Inferred mineral resource at 0.62 g/t Au within a pit-shell constraint, as outlined in the Company’s May 15, 2025 news release[1].
Exploration of the open Valley gold deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
[1] Above 0.30 g/t gold cut-off within 522 Mt total Material Shell. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by Metal Prices, Economic Factors, Environmental, Permitting, Legal, Title, or other relevant issues.
Figure 1 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley gold deposit is one of a cluster of prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project, within a broader emerging district almost entirely controlled by Snowline.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the progression of the Valley gold deposit past the exploration stage, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company’s 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 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.
Vancouver, B.C., June 3, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce the strengthening and expansion of its management team through the appointment of Oliver Curran, MSc, as Vice President of Environment and Permitting. Mr. Curran will lead and oversee the Company’s environmental baseline studies and assessments for advancement of permitting as the Valley gold deposit progresses.
“We are excited to welcome Oliver to Snowline’s senior management team,” said Scott Berdahl, CEO & Director of Snowline. “His experience permitting multiple mineral development projects in northern Canada is highly relevant to us in advancing our Valley gold deposit. His approach—incorporating traditional knowledge into actionable and effective environmental monitoring and permitting solutions—dovetails well with Snowline’s guiding principles. We look forward to working with Oliver in responsibly and efficiently advancing Valley.”
Mr. Curran brings 25 years of relevant environmental and major project permitting experience to Snowline, having held strategic leadership positions with Inco, Baffinland Iron Mines, TMAC Resources, Agnico Eagle Mines and most recently Centerra Gold. Oliver has successfully led permitting for significant remote greenfield mines and championed these projects through to construction and operations from an environmental and social perspective. Mr. Curran holds a Hons BSc in Biology and Environmental Sciences from Trent University and a MSc from the University of Toronto.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley gold deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with a combined 7.94 Moz gold Measured and Indicated mineral resource at 1.21 g/t Au and an additional 0.89 Moz Inferred mineral resource at 0.62 g/t Au within a pit-shell constraint, as outlined in the Company’s May 15, 2025 news release.
Exploration of the open Valley gold deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
Figure 1 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley gold deposit is one of a cluster of prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project, within a broader emerging district almost entirely controlled by Snowline.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the creation of a new arm of the Company, the progression of the Valley gold deposit past the exploration stage, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company’s 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 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.
Fully funded 2025 field campaign focuses on rapid advancement of the Valley gold deposit to inform potential future technical and economic studies and efficient permitting
Five drill, 30,000 m drill program launched, with 20,000 m dedicated to advancement and near-deposit exploration at Valley
Upwards of 10,000 m allocated for first pass and follow up drilling on at least five additional targets across the Rogue, Cynthia and Einarson projects, with a primary focus on RIRGS systems
Vancouver, B.C., May 20, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced its 2025 exploration, drilling and project advancement campaign on its flagship Rogue Project and surrounding exploration projects in Canada’s Yukon Territory. The primary objective of the campaign will be efficient, rapid advancement of the Rogue Project’s Valley gold deposit to inform potential future technical and economic studies and project permitting. This work includes 5,000 m of geotechnical and condemnation drilling, engineering studies, and expanded environmental monitoring. Complementing this is 25,000+ m exploration drilling at the Valley deposit and on multiple regional gold targets on the Rogue, Cynthia and Einarson gold projects.
“We’re excited to be back in the field, picking up again after a very big year in 2024,” said Scott Berdahl, CEO & Director of Snowline. “While the Valley gold deposit remains open to further expansion, the scale and the quality of the near-surface resource discovered to date make rapid advancement of the current resource a key value driver for Snowline. We are fortunate to own such an asset. We are working hard on multiple fronts to advance this opportunity for our shareholders towards feasibility studies while setting groundwork for successful project permitting. This is of course in addition to the significant exploration upside remaining in the vicinity of the Valley deposit and regionally in our surrounding, district-scale project portfolio, which we will continue to explore in 2025 with multiple drills on multiple targets. Combined with the upcoming Preliminary Economic Assessment for Valley, we have a lot to look forward to at Snowline in the weeks and months ahead.”
2025 PROGRAM PLANS
Valley:
Of the 30,000 m drilling planned for 2025, approximately 20,000 m will be allocated to advancing understanding of the Rogue Project’s Valley deposit. Roughly 15,000 m of this will be split between 1) exploration drilling within the Valley intrusion but distal to the current resource, targeting the potential for additional hot spots of gold mineralization within the intrusion, and 2) expansion and upgrading of the most recent mineral resource estimate for Valley (see Snowline news release dated May 15, 2025),. The remaining 5,000 m is allocated to geotechnical, condemnation and sonic drilling, seeking to better define parameters to inform detailed engineering studies in the near term.
Beyond drilling, work at Valley is planned to assess and optimize processing methods, to characterize overburden at the deposit and at possible future infrastructure locations, to improve knowledge of surface and groundwater hydrology around the deposit, and to expand environmental baseline surveying on multiple fronts. The work will inform potential technical and advanced economic studies for Valley while positioning the project for future project permitting.
Regional Exploration:
Fieldwork at Valley will be complemented by an intensive regional drilling and surface exploration campaign. Roughly 10,000 m exploration drilling will be allocated to regional targets on the Rogue Project outside of Valley, in addition to the Cynthia and Einarson projects, with an emphasis on reduced-intrusion related gold systems (RIRGS). This will include follow-up drilling on targets like Gracie—an intact RIRGS located roughly 4 km east of the Valley deposit—in addition to first-ever drill testing of multiple targets.
Extensive regional surface work will complement drilling efforts while advancing the numerous targets within Snowline’s exploration pipeline. A 2,500 km airborne magnetic survey will expand and enhance previous regional-scale surveys which are useful in detecting the presence of RIRGS-hosting intrusions, complemented by satellite hyperspectral data collection and interpretation. Field crews will conduct mapping, geochemical sampling and delineation work across much of the Snowline project portfolio. The early start to the 2025 exploration season will provide time during the field program for follow-up and potential Phase I drilling on select areas with promising results.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with a combined 7.94 Moz gold Measured and Indicated mineral resource at 1.21 g/t Au and an additional 0.89 Moz Inferred mineral resource at 0.62 g/t Au within a pit-shell constraint, as outlined in the Company’s May 15, 2025 news release.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
Figure 1 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit is one of several prospective reduced intrusion-related gold system (RIRGS) targets on the broader 30 x 60 km Rogue Project, complemented by orogenic, Carlin-type, RIRGS and other sediment hosted gold targets on surrounding projects.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements about the Company’s work programs, results, surface work, advancement of studies and permitting, 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.
