­SNOWLINE GOLD DRILLS 471.6 M OF 2.4 GRAMS PER TONNE GOLD FROM SURFACE AND 325.0 M OF 2.6 GRAMS PER TONNE GOLD FROM SURFACE, HIGHLIGHTING STRONG GRADE CONTINUITY AT ITS VALLEY DEPOSIT, ROGUE PROJECT

  • Hole V-23-075, drilled at 180 degrees to recent highlight hole V-23-072, returned 471.6 m averaging 2.38 g/t Au, including 302.1 m of 3.20 g/t Au from surface,surpassing initial Valley deposit MRE block model grade predictions by +9%
  • Hole V-23-073 returned 325.0 m averaging 2.57 /t Au, including 136.0 m averaging 4.84 g/t Au from surface, slightly outperforming the model near surface
  • Widespread alteration and associated oxide + sulphide mineralization along with granodiorite dikes seen in first-ever drilling of Aurelius target, Rogue Project
  • Updated NI 43-101 technical report filed for Snowline’s Einarson Project, Yukon.

Vancouver, B.C., August 7, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce analytical results from additional early-season drill holes on its 2024 exploration campaign and to provide an exploration update from its ongoing 5-drill program in Canada’s Yukon Territory. Highlight intervals from the Valley deposit are summarized in Table 1 below. Holes V-24-075 and V-24-073 are the third and fourth highest ranking holes in terms of contained gold from the Valley deposit to date, with V-24-075 exceeding projections based on the initial mineral resource estimate (MRE) by 9% within the resource-limiting pit shell and by 140% outside of it (18% overall). At the Rogue Project’s Aurelius target, widespread alteration with oxide and sulphide mineralization is present in volcanic and sedimentary rocks, with granodiorite dikes intersected in two holes in the first ever drill testing of the target. Drilling is ongoing at Valley and on other targets, with assays pending for an additional 15,600 m drilled to date.

Table 1 –Highlight summary of Snowline’s latest assay results. Note that the headline interval for V-24-075 comprises two intervals separated by 7 m zone of <0.1 g/t Au; see Table 2 for details. *Interval widths reported; true widths of the system are not yet known.

“We had extremely high expectations for these latest holes at Valley, and they did not disappoint,” said Scott Berdahl, CEO & Director of Snowline. “Based on the block model from our initial mineral resource estimate, we would expect a run of 448 m averaging 2.1 g/t Au for hole V-24-075. We meaningfully exceeded this target in both length and grade, with the hole averaging 2.38 g/t Au over the top 471.6 m from bedrock surface, and with an internal interval of 6.48 g/t Au over 22.0 m from 160.0 m downhole exceeding the grade of anything we had predicted. The results exceed the block model most dramatically outside of the current resource estimate boundary. We expect that this demonstration of robust continuity and of viability in our modelling will assist with de-risking and upgrading mineralization, and it could potentially help to expand our resource-limiting pit shell, pending additional results from our ongoing drilling at Valley.”

VALLEY DRILLING, ROGUE PROJECT

Drilling at the Rogue Project’s Valley deposit is ongoing. To date, roughly 13,600 m have been drilled at Valley in 28 holes in 2024 (Figure 1). Trace instances of visible gold and sheeted quartz vein arrays have been observed both within and beyond the confines of the current, initial MRE for Valley. The Company awaits additional assay results from the ongoing drill campaign to assess the significance of these observations and their impact on the MRE.

Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-073 through V-24-075. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow spheres.

Hole V-24-075

Hole V-24-075 is collared within the Valley intrusion, from the same location as recent hole V-24-072 (404.8 m @ 2.27 g/t Au including 100.8 m @4.67 g/t Au from bedrock surface, see Snowline news release dated July 24, 2024) but in the opposite direction—to the northeast instead of the southwest (Figure 2). The hole was drilled in this orientation to provide infill in its upper portions and exploration along the northeast margin of the system in its lower portions. It remains primarily in coarse-grained granodiorite, the dominant phase of the intrusion, for the length of the hole.

Figure 2 – Cross-section A-A’, showing V-24-073 through 075 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, and blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Instances of visible gold in holes awaiting assay results are marked by yellow spheres. The released holes are projected onto the same plane from a total width of roughly 100 m—relative positions can be seen in the plan map in Figure 1. Hole V-24-074 is collared as a 200 m step-back from V-23-045, to assess block model data voids.

The hole averages 2.38 g/t Au over 471.6 m, with the top 302.1 m continuous interval from bedrock surface (at 3.0 m downhole) averaging 3.20 g/t Au. Within this, a 22.0 m interval from 160.0 m downhole averages 6.48 g/t Au. Gold grade continuity is a primary feature of the hole, and as with many holes drilled at Valley, the highest grades are near surface. Owing to this consistency, applying a 10 g/t Au cut-off has a limited effect on results, with the top 302.1 m interval only dropping 2.6% from 3.20 g/t Au to 3.12 g/t Au overall (Table 2).

In weighting observed grades by sample distance—effectively the amount of gold contained within the drill core—versus that predicted for the hole by the Company’s initial mineral resource estimate, the results outperform the MRE by 18% overall, and by 9% within the top 322 m downhole from bedrock surface. V-24-075 exits the current MRE pit-constraint at approximately 322 m downhole, and thus all mineralization below this point, including 152.5 m of the 163.5 m downhole interval averaging 0.94 g/t from 311.0 m downhole (Table 2) are outside of the space considered in the present, initial MRE, outperforming the block model for this area by 140%. The ultimate effect of this result will be quantified along with analytical results of all subsequent holes in an updated mineral resource estimate at a later time.

Figure 3 – Mineralization in V-24-075. Quartz carbonate veins cut through relatively unaltered granodiorite. Orange and blue flags denote observations of trace visible gold within the drill core, with the gold itself hosted in the veins. The 8.0 m downhole interval shown from 117.0 m to 125.0 m downhole averages 6.56 g/t Au. While such grades are among higher values for the hole (see Table 2), the image is representative of mineralization throughout the hole and across much of the rest of the Valley gold deposit, with a higher abundance of veins generally corresponding to higher gold grades.

Figure 4 – Select instances of visible gold in V-24-075, at 33.3 m, 228.5m and 418.2 m downhole.As with other holes at Valley, gold is present in V-24-075 within multiple generations of quartz veins, occurring primarily as native gold and commonly associated with trace to minor bismuthinite. 221 different veins throughout the 485.0 m length of V-24-075 were observed to host trace visible gold.

Hole V-24-073

Hole V-24-073 is also collared in the Valley intrusion, as just the second hole in a new 50 m “fence” across the Valley deposit. It is located 54 m from and nearly on strike with V-23-039 (553.8 m @ 2.48 g/t Au from surface including 132.0 m @ 4.98 g/t Au, see Snowline news release dated August 3, 2023). The only other complete, non-metallurgical hole currently on section with V-24-073 is V-23-066 (383.0 m @ 2.00 g/t Au including 107.5 m @ 3.95 g/t Au from surface, see Snowline news release dated January 15, 2024), collared roughly 64 m to the northeast. (A PQ-sized metallurgical hole was drilled from the collar site of V-23-066 late in the 2023 field season.) The hole begins in the high-grade, near surface zone of gold mineralization and ends at 647.0 m shortly after exiting the intrusion through a 49.0 m zone of dikes and intrusive breccia into surrounding hornfels from 568 m to 617.0 m downhole.

The first continuously mineralized interval in V-24-073 averages 2.57 g/t Au over 325.0 m, including 136.0 m at 4.84 g/t Au from bedrock surface at 2.0 m downhole, with a 33.0 m stretch of mineralization averaging 7.08 g/t Au from 55.5 m downhole (Table 2). This high grade, near surface zone is consistent with those seen in surrounding holes, demonstrating strong continuity of multiple gram-per-tonne gold mineralization within this high-level zone at Valley. The top 584.0 m of the hole from bedrock surface, including barren intervals, averages 1.68 g/t Au.

Table 2 – Summary of significant mineralization returned from current holes at Valley. The consistency of strong mineralization in the deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. V-24-073A was aborted at 49.5 m downhole due to an incorrect dip and was redrilled as V-24-073 from the same location. Note that the headline interval for V-24-075 is a combination of two separate mineralized intervals separated by a small (6 m) gap below <0.1 g/t Au. *Interval widths reported; true widths of the system are not yet known, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley.

EXPLORATION UPDATES

Snowline currently has three drill rigs active on regional targets in the vicinity of Valley: one each on the Rogue Project’s reduced intrusion-related gold system (RIRGS) Reid and Sydney targets, and one on the Einarson Project’s Jupiter orogenic gold target. To date in 2024, 1,184 m has been drilled in 3 holes at Aurelius and 2,407 m has been drilled in 6 holes at Jupiter, while Phase II drilling has recently commenced at Reid and Phase I drilling is scheduled to begin imminently at Sydney. Including the 1,067 m, 3-hole Phase II program completed earlier in the season at Cujo, assays are currently pending for more than 4,600 m on regional targets.

Aurelius Target, Rogue Project

A 3-hole, 1,184 Phase I drilling program has recently been completed at the Aurelius target, representing the first-ever drill testing of the recently delineated target. Widespread clay and silica alteration and zones of brecciation cemented by pyrite and minor chalcopyrite are present in drill holes at Aurelius, along with strong, pervasive oxidation to roughly 70 m vertical depth (Figure 8).

At Aurelius, a thick unit of lapilli tuff appears to be a receptive host to fluids thought to be associated with an RIRGS system. Zones of mineralization observed in drill holes correspond in alteration style and host rock lithology to the mineralized trenches reported from the Aurelius target earlier this year (see Snowline news release dated February 20, 2024). Of note, holes AU-24-001 and AU-24-003 also encountered metre-scale granodiorite dikes with equigranular and porphyritic textures.

Assays for all holes (1,184 m) at Aurelius are pending. The drill rig is currently mobilizing for the first-ever drill testing of the Sydney RIRGS target on the Company’s 100% owned Cynthia Project, south of the Rogue Project (Figure 7). A follow-up Phase II drill program at the Aurelius target may follow later in 2024, pending analytical results from the current drilling.

Figure 5 – Plan map of drill traces from Phase I drilling at the Rogue Project’s Aurelius target, plotted on geology, geochemistry, and high-resolution shaded surface relief. The location of this figure within the broader Aurelius target geochemical anomaly can be seen in Figure 6.

Figure 6 – Plan map of surface geochemistry at the Rogue Project’s Aurelius target, highlighting the scale and intensity of the open-ended anomaly that is interpreted as an upper level of a RIRGS. The 2024 Phase I drill program is located within the blue square, as detailed in Figure 5.

Figure 7 – Hydrothermal breccia in AU-24-002, at roughly 220 m downhole (the interval for this instance of the breccia texture is 211 to 224 m, true width unclear). The breccia is cemented by fine dark pyrite with weak chalcopyrite along with variably silicified rock flour, with fragments of lapilli tuff, volcanic sandstone and silica-altered rock.

Figure 8 – Oxide mineralization in AU-24-001, from 46.6 to 59.3 m downhole, showing hydrothermal crackle breccia with goethite cement, angular fragments of silicified and strongly muscovite-altered lapilli tuff and volcanic sedimentary rocks, continuing into lapilli tuff with silica-dickite alteration. Traces of bismuthinite have been observed in partially oxidized sulphide veins.

EINARSON PROJECT TECHNICAL REPORT

The Company has filed an updated technical report for its Einarson Project. The report, entitled “NI 43-101 Technical Report on the Einarson Gold Project” with an effective date of May 24, 2024, is prepared in accordance with National Instrument 43-101: Standards of Disclosure for Mineral Projects (NI 43-101) standards. The report can be found under the Company’s profile on SEDAR+ and on the Company’s website (snowlinegold.com).

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 are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au, including any subsections thereof. The headline interval in V-24-075 (471.6 m of 2.38 g/t Au) is a composite of two intervals with an intervening 6 m gap of <0.1 g/t Au material, as seen in Table 2.

ABOUT ROGUE

Snowline Gold’s 100%-owned 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 target from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.

Exploration of the open Valley system 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.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is exploring its flagship 111,000 ha (1,110 km2) Rogue gold project 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. The Company’s first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 9 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the significance of visual drill core observations, the potential effects of current analytical results on future mineral resource estimates, the discovery potential within the Valley intrusion and on other exploration targets, 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 future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks 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.

2024 SNOWLINE GOLD ANNUAL GENERAL MEETING

The 2024 Snowline Gold Annual General Meeting will be held on Tuesday, August 27, 2024. Please find all AGM-related information below.

***

Notice of Annual General and Special Meeting of Shareholders
Click here to view and download

Form of Proxy
Click here to view and download

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

Return Card
Click here to view and download

­SNOWLINE GOLD FILES UPDATED NI 43-101 TECHNICAL REPORT FOR ITS ROGUE GOLD PROJECT

Vancouver, B.C., July 31, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has filed an updated Technical Report for its Rogue Project, located in the eastern Selwyn Basin in the Yukon Territory, Canada.

The updated Technical Report for Rogue, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate” with an effective date of May 15, 2024, is prepared in accordance with National Instrument 43-101: Standards of Disclosure for Mineral Projects (NI 43-101) standards and supports initial mineral resource estimate disclosures on the Company’s Valley deposit made in its June 17, 2024, news release.

The report can be found under the Company’s profile on SEDAR+ and on the Company’s website (snowlinegold.com).

EXPLORATION UPDATE

To date, the Company has drilled over 16,000 m as part of its 25,000+ m planned drill program for 2024, with 5 drill rigs active and drilling ongoing. Three drills are active on the Valley target, with roughly 12,500 m drilled at Valley this season, while a fourth drill has completed roughly 2,000 m of a planned 4,000 m program at the Jupiter target on the Einarson Project. The fifth drill has completed a three-hole, 1,067 m Phase II program at the Rogue Project’s Cujo target and is now drilling at the Aurelius target, where it has completed over 400 m in one completed hole and is currently drilling a second hole of a planned 1,000 m Phase I program. Target locations are highlighted in Figure 1.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is exploring its flagship 111,000 ha (1,110 km2) Rogue gold project along with its nearby 101,000 ha (1,010 km2) Einarson gold project in the highly prospective yet underexplored Selwyn Basin, with an active, ongoing 5-drill program in 2024. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits. The Company’s first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

SNOWLINE GOLD DRILLS 404.8 M OF 2.3 GRAMS PER TONNE GOLD INCLUDING 100.8 M OF 4.7 GRAMS PER TONNE GOLD FROM SURFACE, OUTPERFORMING VALLEY DEPOSIT INITIAL RESOURCE ESTIMATE IN FIRST HOLES OF 2024

  • Hole V-23-071, collared in a large gap in coverage at the Rogue Project’s Valley deposit, returned 449.7 m averaging 1.77 g/t Au from surface, including 169.2 m of 2.89 g/t Au,surpassing initial MRE block model grade predictions by +36%
  • Hole V-23-072 returned 404.8 m averaging 2.27 /t Au, including 100.8 m averaging 4.67 g/t Au from surface, consistent with MRE block model prediction overall and slightly outperforming the model near surface
  • Mineralization, including visible gold, encountered in large step-outs in first holes of Phase II program at Einarson Project’s Jupiter target.

Vancouver, B.C., July 24, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce analytical results from the first two drill holes of its 2024 exploration campaign and to provide an exploration update from its ongoing 5-drill program in Canada’s Yukon Territory. Hole V-24-071, collared in the high-grade, near-surface section of the Valley deposit, averages 1.77 g/t Au over 449.7 m from surface, including 2.89 g/t Au over 169.2 m. This result exceeds that predicted by the Company’s initial mineral resource estimate (MRE) for Valley by 36% overall. Hole V-24-072 averages 2.66 g/t Au over 295.3 m, including 4.67 g/t Au over 100.8 m from surface, in line with expectation but with slightly (1%) more gold than predicted in the top half of the hole. At the Jupiter target on the nearby Einarson Project, trace visible gold has been encountered in a 174 m step-out from previous holes, along with widespread mineralization. Drilling is ongoing at Valley and on other targets, with assays pending for an additional 13,000 m drilled to date.

Table 1 – Highlight summary of Snowline’s latest assay results. Note that the headline interval for V-24-072 comprises multiple intervals separated by small gaps; see Table 2 for details. *Interval widths reported; true widths of the system are not yet known.

“We are encouraged by such a strong start to our 2024 exploration campaign and excited to have regional drilling underway,” said Scott Berdahl, CEO & Director of Snowline. “Our first two holes of the season at our Rogue Project’s Valley deposit underscore the strength and consistency of the deposit, particularly when it comes to high-grade, near-surface gold mineralization. We eagerly await assay results from the many additional holes drilled within and adjacent to the current deposit, and we look forward to seeing results from additional Valley-style gold targets that are set to be drilled soon.

“I would also like to congratulate Snowline’s team on their exploration success at on our Einarson Project’s Jupiter target, an orogenic gold system, where careful structural mapping and interpretation informed bold step-out holes that meaningfully expand the mineralized footprint of the target, which remains open in all directions. We are excited by these initial observations, and we look forward to the analytical results from current holes along with the rest of the ongoing Phase II drill program at Jupiter.”

VALLEY DRILLING, ROGUE PROJECT

Drilling at the Rogue Project’s Valley deposit is ongoing, with three drill rigs working to upgrade and expand the current resource. To date, roughly 11,000 m have been drilled at Valley in 21 holes along with 3 additional holes in progress. Trace instances of visible gold and sheeted quartz vein arrays have been observed both within and beyond the confines of the current, initial mineral resource estimate for Valley (Figure 1). The Company awaits assay results from the ongoing drill campaign to assess the significance of these observations.

Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-071 and V-24-072. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow spheres.

Hole V-24-071

Snowline’s first hole of 2024, V-24-071, is collared within a 100 x 200 m gap in previous drill coverage on the Valley deposit (Figure 1). The hole was collared in a mineralized section of the Valley intrusion and remained in continuous mineralization until exiting the intrusion at 434.5 m downhole depth, with lower grades continuing into the surrounding hornfels sedimentary rock (0.24 g/t Au over 22.1 m from 434.5 m downhole).

Figure 2 – Cross-section A, showing V-24-071 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, and blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Instances of visible gold in holes awaiting assay results are marked by yellow spheres.

The hole averages 1.77 g/t Au over 449.7 m from surface, with the top 169.2 m from bedrock surface (at 6.8 m downhole) averaging 2.89 g/t Au. Within this, a 76.0 m interval from 100.0 m downhole averages 3.50 g/t Au. Of note, applying a 10 g/t Au cut-off does not affect the results (Table 2), given that no assays in the hole returned >10.0 g/t Au. This result emphasizes the consistent and continuous nature of the gold mineralization at Valley.

V-24-071 tests a transitional zone from high grades seen in V-23-061 (519.6 m @ 2.5 g/t Au, including 265.6 m @ 3.6 g/t Au from surface, see Snowline news release dated December 6, 2023) collared 59 m to its southeast into lower, but still highly anomalous, grades seen in V-23-055 (359.4 m @ 1.34 g/t Au from surface, see Snowline news release dated November 9, 2023) collared 49 m to its northwest. In weighting observed grades by sample distance—effectively the amount of gold contained within the drill core—versus that predicted for the hole by the Company’s initial mineral resource estimate, the results outperform the MRE by 36% overall, and by 65% within the top 189.9 m downhole from bedrock surface. This result suggests that the zone of near-surface, high grade mineralization at Valley may be more robust than already understood. The ultimate effect of this result will be quantified along with analytical results of all subsequent holes in an updated mineral resource estimate at a later time.

Hole V-24-072

Hole V-24-072 is also collared in the Valley intrusion, infilling a 92 m gap on section between V-23-039 (553.8 m @ 2.48 g/t Au from surface including 132.0 m @ 4.98 g/t Au, see Snowline news release dated August 3, 2023) and V-23-048 (265.2 m @ 2.2 g/t Au including 100.2 m @ 3.28 g/t Au from surface, see Snowline news release dated September 11, 2023). The hole begins in the high-grade, near surface zone of gold mineralization and ends shortly after exiting the intrusion into surrounding hornfels at 414.5 m downhole.

Figure 3 – Cross-section B, showing V-24-072 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, and blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Instances of visible gold in holes awaiting assay results are marked by yellow spheres.

Including several short (5-6 m downhole length) barren (<0.1 g/t Au) zones near the bottom of the interval, V-24-072 averages 2.27 g/t Au over 404.8 m from bedrock surface at 3.7 m downhole. The first continuously mineralized interval averages 2.66 g/t Au over 295.3 m, including 100.8 m of 4.67 g/t Au, both from bedrock surface at 3.7 m downhole (Table 2). This high grade, near surface zone is consistent with those seen in surrounding holes (4.98 g/t Au over 132.0 m from bedrock surface in V-23-039, 5.03 g/t Au over 30.2 m from bedrock surface in V-23-048), demonstrating strong continuity of multiple gram-per-tonne gold mineralization within this high-level zone at Valley.

V-24-072 exits the current MRE pit-constraint at approximately 310 m downhole, and thus all intervals below this point, including 17.0 m of 3.98 g/t Au and 42.0 m averaging 1.01 g/t Au are outside of the space considered in the present, initial MRE.

Table 2 – Summary of significant mineralization returned from current holes at Valley. The consistency of strong mineralization on the target is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. Note that the headline interval for V-24-072 is a combination of four separate mineralized intervals separated by small (5-6 m) gaps below <0.1 g/t Au. *Interval widths reported; true widths of the system are not yet known, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley.

EXPLORATION UPDATES

Eagle Mine Incident and Regional Exploration Program

Following the heap leach failure incident at Victoria Gold’s Eagle Mine on June 24th, Snowline has been in ongoing communication with the First Nation of Na-Cho Nyäk Dun (FNNND), within whose Traditional Territory the Rogue and Einarson Projects are located. Snowline recognizes that FNNND’s resources and staff are currently committed to the immediate response to the Eagle Mine incident and ongoing threat of wildfires in the Mayo area. The Company remains respectful and responsive to FNNND’s concerns relating to mining activities and mineral exploration in light of the current situation.

Snowline shares in the concerns held by FNNND relating to the environment, potential impacts and community well-being and has made adjustments to its planned program. The Company is committed to the responsible undertaking of its seasonal exploration activities, while respecting our relationships with First Nations, local communities, our contractors and our workers.

Jupiter Target, Einarson Project

Phase II drilling is underway at the Company’s Jupiter target, following up on the drill discovery by Snowline of an extensive orogenic gold system at Jupiter in 2021 (see e.g. Snowline news release dated January 12, 2022) and the recent consolidation of the Einarson project (see Snowline news release dated April 25, 2024). The first four drill holes of the 2024 campaign are complete, with assays pending for roughly 1,500 m from the target and drilling ongoing.

Figure 4 – Visible gold in a fractured quartz carbonate vein in J-24-024, the southernmost hole drilled at the Einarson Project’s Jupiter target to date. The occurrence, at 256.2 m downhole depth, is roughly 1.2 km along strike from the northernmost hole, J-21-020, which also encountered visible gold (8.3 g/t Au over 4.7 m downhole, see Snowline news release dated January 12, 2022). The vein is roughly 5 cm true width and sits atop an 8 m interval of clay alteration in the hanging wall of a fault zone.

Following detailed surface mapping and structural interpretation, the new drillholes test the southeastern end of the system, both as step-backs across the width of the system and as step-outs along strike (Figure 5). The holes are successful in demonstrating additional mineralized structures to the east of the structures intersected in Phase I drilling in 2021, expanding the known width of the system by at least 200 m, showing continuity to depth and demonstrating an increased strike length of known mineralization. Assays are pending for all holes drilled at Jupiter in 2024.

Figure 5 – Simplified schematic geological map (left) and cross section (right) of the Jupiter target, showing the locations of the four holes drilled to date in 2024. Note the multiple structures identified, expanding the breadth of the Jupiter system, and the continuity of strong mineralization encountered at depth. “Mineralization” denotes areas of patchy, veinlet-hosted and/or disseminated sulphides in vein wall rocks. The system remains open in all directions, with only 1.2 km of strike length partially drill tested to date within a broader 3 km zone of elevated (>10 ppb Au) to anomalous (>50 ppb Au) soil geochemistry.

Cujo Target, Rogue Project

At the Cujo target, roughly 32 km west of Valley, a 3-hole, 1,067 m Phase II drill program has been completed. Drilling intersected broad zones of sheeted quartz vein mineralization hosting minor amounts of bismuthinite. Visible gold was not observed during logging. Interestingly, a 50-cm dyke of fine-grained porphyritic intrusive was observed in CU-24-003, the first hole of the season at Cujo. This dike is similar in appearance and character to a porphyritic intrusive phase at the Valley target that is thought to be a primary factor in driving the unusually high-grade gold mineralization at that target. The Company views the presence of this unit at the Cujo target as a promising indicator for regional prospectivity across the Rogue Plutonic Complex. Assays are pending for all holes at Cujo.

Following completion of the Cujo drill program, the drill rig has mobilized to the Rogue project’s Aurelius target for Phase I drilling on the newly delineated target (see Snowline news release dated February 20, 2024).

Sydney Target, Cynthia Project

At the Sydney target on the Cynthia Project, located roughly 24 km south of Valley, a 72 m outcrop surface channel sampling program has been completed, targeting the high-density (>10 veins/m) quartz vein arrays present on surface over a 900 x 500 m area. One instance of visible gold was found in outcrop during this sampling program, the first observation of visible gold at this new target and Snowline’s sixth discovery of visible gold on a distinct exploration target in the vicinity of Valley. Assays for this sampling program are pending and will be used to prioritize Sydney against other potential targets for near-term drill testing.

Figure 6 High quartz vein densities with multiple vein orientations in outcrop at the Cynthia Project’s Sydney target (left) and the Rogue Project’s Valley target (right), highlighting similarities between the two.

WARRANTS & RSUs

Snowline announces the early exercise of 1,171,146 warrants, for proceeds to the Company of CDN $2,927,865. The warrants were initially set to expire in August 2024. Following this exercise, Snowline has only 200,000 additional warrants outstanding, at a strike price of $3.50.

In addition, following the recent appointment of Gil Lawson to the Board of Directors as an Independent Director, the Company has issued 75,000 deferred share units (DSUs) as a long-term equity incentive in accordance with the Company’s Omnibus Incentives Plan. The DSUs will not vest until the recipient ceases to be a Director of the Company.

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 are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au, including any subsections thereof. The headline interval in V-24-072 (404.8 m of 2.3 g/t Au) is a composite of four intervals and the intervening 6, 6 and 5 m gaps of <0.1 g/t Au materials, as seen in Table 2.

ABOUT ROGUE

Snowline Gold’s 100%-owned 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 target from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral resource at 1.25 g/t Au within a pit-shell constraint (see Snowline news release dated June 17, 2024). Exploration of the open Valley system 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 (Figure 6) 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.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is exploring its flagship 111,000 ha (1,110 km2) Rogue gold project 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. The Company’s first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 7 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

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

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the significant of visual drill core observations, the discovery potential within the Valley intrusion and on other exploration targets, 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 future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

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

SNOWLINE GOLD ANNOUNCES INITIAL MINERAL RESOURCE AT ITS VALLEY GOLD DEPOSIT

  • Initial Mineral Resource Estimate defined for the Valley Gold Deposit, located on Snowline’s 100% owned Rogue Project in the Yukon Territory, Canada:
    • Indicated Mineral Resource: 76 Mt at 1.66 g/t Au for 4.05 million ounces
    • Inferred Mineral Resource: 81 Mt at 1.25 g/t Au for an additional 3.26 million ounces
    • Resource is constrained within a revenue factor 0.72 pit shell and reported above a 0.40 g/t Au cut-off grade
  • Quality of discovery highlighted by continuous, non-refractory gold mineralization, with a significant component of higher-grade mineralization starting from bedrock surface (see Table 3) providing strength and optionality for potential future development scenarios
  • Initial resource has clear potential for expansion, with open zones of 1-2 g/t Au mineralization across multiple broad edges of the deposit and with abundant mineralization encountered beyond the limits of the current pit shell
  • The Valley Deposit sits on <0.01% of the Company’s land holdings, within a cluster of high priority targets sharing key geological characteristics with Valley highlighting district level potential
  • 2024 drill program at Valley ongoing, with three drills active on the Valley Deposit and  roughly 4,000 m drilled to date (assays pending).

Vancouver, B.C., June 17, 2024: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to report an initial Mineral Resource Estimate (MRE) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) standards for the Valley Deposit, the first discovery on its 100% owned, 1,110 km2 Rogue Project in Canada’s Yukon Territory.

“In just two full exploration seasons, Snowline has advanced its Valley target from greenfield discovery holes to a robust multi-million-ounce gold deposit with continued exploration upside,” said Scott Berdahl, CEO & Director of Snowline. “The rapid advancement is a testament both to the quality of the discovery—with exceptional continuity of strong, non-refractory gold mineralization beginning at surface—and to the quality of the ongoing work by our talented and hard-working field team. We believe that Valley has excellent potential for continued growth, as evidenced by broad intervals of 1-2 g/t gold mineralization returned in drilling on multiple edges of the system. We are actively building on this milestone for Valley with our largest drill campaign to date, currently underway, while testing multiple prospective greenfield targets in a region we believe has the potential to become a prolific minerals district.”

INITIAL MINERAL RESOURCE ESTIMATE OVERVIEW

The initial MRE for the Valley Deposit is prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition ‎Standards incorporated by reference in NI 43-101. The initial, revenue factor 0.72 pit shell-constrained MRE contains Indicated Mineral Resources of 76 million tonnes (Mt) at 1.66 grams per tonne gold (g/t Au) for 4.05 million ounces (Moz) gold in addition to Inferred Mineral Resources of 81 Mt at 1.25 g/t Au for 3.26 million ounces gold (Table 1) using a 0.4 g/t Au cut-off grade. The estimate is based on 27,911 metres (m) drill data from all 68 holes at Valley available as of May 15, 2024, prior to the commencement of Snowline’s ongoing 2024 drill campaign. Work is underway to expand on the initial MRE, which supports Snowline’s view that Valley has encouraging potential to host a long-life, high-quality gold mine.

Snowline Gold Rogue Project, Yukon, Canada
Table 1: Valley Deposit Gold Mineral Resource Estimate
Mineral Resources (Above 0.40 g/t gold cut-off within 297 Mt total Material Shell)

Notes:

  1. The effective date of the Mineral Resource Estimate is May 15, 2024, and the Mineral Resource Estimate is based upon all available exploration data available to the end of January 2024.
  2. Values for tonnage and contained gold are rounded to the nearest thousand
  3. Estimated Mineral Resources were classified following CIM Definition Standards.  The quantity and grade of the Inferred Mineral resources listed here are uncertain in nature and have insufficient exploration data to classify them as Indicated Mineral Resources, and it is not certain that additional exploration will result in the upgrading of the Inferred Mineral Resources to a higher category.
  4. 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.
  5. All stated Mineral Resources are contained with a pit shell of approximately 297 Mt of material.  All blocks located below or outside of this pit shell have been excluded from the Mineral Resource Estimate regardless of gold grade or Mineral Resource category.
  6. The Mineral Resource cut-off grade of 0.40 g/t gold and the Lerchs-Grossman limiting pit shell have been defined with the following assumptions:
  • An assumed conventional gold mill processing operation with a nominal process rate in the range of 25,000 t/day milled.
  • A gold price of US$ 1,800/ounce and CAN$/US$ exchange rate of 1.30.
  • Average mining costs of CAN$ 3.50 per tonne of material mined.
  • Average processing costs of CAN$ 22.00 per tonne processed.
  • A process recovery of 93% for gold.
  • Average administrative costs of CAN$ 80 million per annum or CAN$ 8.77 per tonne processed.
  • A 1% royalty on recovered gold.
  • Refining and selling costs of CAN$ 9.10 per recovered ounce of gold.
  • Overall pit slopes of 45 degrees.
  • The pit shell selected as the Mineral Resources limit has a revenue factor of 0.72.

Snowline Gold Rogue Project, Yukon, Canada
Table 2: Valley Deposit Gold Mineral Resource Estimate
Sensitivity to Gold Cut-Off Grade

Notes:

  1. Bolded row represents the base case for the MRE.
  2. Cut-off grades as low as 0.2 g/t Au are still considered to meet NI 43-101 guidelines for Reasonable Prospects for Eventual Economic Extraction.

Snowline Gold Rogue Project, Yukon, Canada
Table 3: Valley Deposit Gold Mineral Resource Estimate
Incremental Breakdown of Mineral Resources (>0.40 g/t Gold) Within Internal Shells

Table 2 highlights the low sensitivity to cut-off grades in Valley’s initial MRE, demonstrating a resilience to increases in cost assumptions and to decreases in the price of gold. Using the current cost assumptions, for example, the break-even price of gold for the 0.6 g/t Au cut-off would be US$1,350 per ounce.

Table 3 provides an incremental breakdown of this initial MRE as contained within sequentially expanding shells. It should be read with reference to Figure 4, which illustrates these sequential shells on a long section of the Valley Deposit. This table provides a quantitative basis for the description of relatively high-grade, continuous, near-surface mineralization at Valley. The Company believes that the front-heavy distribution of mineralization between these iterative pit shells materially enhances the potential of the project, providing strength and optionality in potential future development scenarios.

Further details regarding the initial MRE including the estimation methods and procedures will be detailed in a pending NI 43-101 Technical Report, prepared with oversight from Ausenco Engineering Canada ULC, which will be filed on SEDAR+ (www.sedarplus.ca) under the Company’s profile within 45 days from the date of this news release.

Figure 1 – Cross section 31 through Valley initial MRE block model. A large zone of continuous, >2 g/t Au mineralization is present from surface.Resource blocks are 15 x 15 x 10 m. Only blocks above cutoff grade of 0.4 g/t Au located within the revenue factor 0.72 shell are included in initial MRE for Valley – none of the mineralized blocks shown outside of this shell are included. Mineralization remains open in multiple locations, particularly along the northeastern edge of the section. For the section display, drill hole grades are composited within 10 m benches and project 25 m in front of and behind section.

Figure 2 – Cross section 30 through Valley initial MRE block model. As with the previous section 31, 50 m to the northwest, a large zone of continuous, >2 g/t Au mineralization is present from surface.Resource blocks are 15 x 15 x 10 m. Only blocks above cutoff grade of 0.4 g/t Au located within the revenue factor 0.72 shell are included in initial MRE for Valley – none of the mineralized blocks shown outside of this shell are included. Mineralization remains open in multiple locations, particularly along the northeastern edge of the section. For the section display, drill hole grades are composited within 10 m benches and project 25 m in front of and behind section.

Figure 3 – Cross section 29 through Valley initial MRE block model. As with the previous section 30, 50 m to the northwest, a large zone of continuous, >2 g/t Au mineralization is present from surface.Resource blocks are 15 x 15 x 10 m. Only blocks above cutoff grade of 0.4 g/t Au located within the revenue factor 0.72 shell are included in initial MRE for Valley – none of the mineralized blocks shown outside of this shell are included in the initial MRE, and void (white) spaces within the shell are assumed for this model to contain no gold. Mineralization remains open in multiple locations, particularly along the northeastern edge of the section. For the section display, drill hole grades are composited within 10 m benches and project 25 m in front of and behind section.

Figure 4 – Long section through Valley initial MRE block model. As with the previous cross sections, a large zone of continuous, >2 g/t Au mineralization is present from surface. Sequential shells highlighting the distribution of grades are shown on this figure, with classification breakdowns shown in Table 3.Resource blocks are 15 x 15 x 10 m. Only blocks above cutoff grade of 0.4 g/t Au located within the revenue factor 0.72 shell are included in initial MRE for Valley – none of the mineralized blocks shown outside of this shell are included. Mineralization remains open in multiple locations, particularly at depth in the southeastern and northwestern parts of the section. For the section display, drill hole grades are composited within 10 m benches and project 25 m in front of and behind section.

Figure 5 – Plan view of the Valley Deposit, showing drill results to May 15, 2024 and section traces for Figures 1-4. Note that the colours assigned to various gold grades, which are consistent here with previous Company disclosures, vary slightly from Figures 1-4 of this news release.

VALLEY DEPOSIT GEOLOGY

The Valley gold deposit belongs to a class of gold systems known as reduced intrusion-related gold systems (RIRGS). RIRGS are characterized by sheeted, gold-bearing quartz vein arrays within and near felsic, ilmenite series intrusions. The quartz veins are generally thin (<2 cm in width), but their grade, abundance, and continuity across large spatial volumes can make RIRGS occurrences attractive bulk tonnage targets for mining.

Mineralization at Valley is hosted primarily within the western half of a 1-km-scale, polyphase granodiorite stock and to a lesser extent in surrounding hornfels sedimentary rock. Multiple overprinting gold-bearing quartz vein arrays are present, resulting in an unusually high density of veins for a RIRGS and thus unusually high bulk tonnage grades. Gold primarily occurs in its native form within the quartz veins, associated with minor to trace amounts of bismuth and tellurium minerals. Overall sulphur content is low (<0.5%), and carbonate minerals present in the quartz veins produce a strong natural buffering effect.

Metallurgical testing of Valley demonstrates the non-refractory nature of mineralization and its amenability to multiple conventional processing techniques. Average gold recoveries across 10 large contiguous core samples taken from different parts of the deposit were 94.1% using bottle roll cyanidation, 95.4% using flotation, and 95.7% using carbon-in-leach, each with a 75-micron grind size (see Snowline press release dated June 14, 2023).

Figure 6 – Map showing Snowline’s Rogue and northern Cynthia projects highlighting select results from prominent RIRGS targets. The Company believes that its Rogue Project and surrounding, 100%-owned projects demonstrate strong potential to host a previously unrecognized gold district.

ABOUT ROGUE

Snowline Gold’s 100%-owned 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 target from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. Exploration of the open Valley system 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 (Figure 6) 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.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is exploring its flagship 111,000 ha (1,110 km2) Rogue gold project 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. The Company’s first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 7 – 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.

QUALIFIED PERSON

The technical work of the initial MRE was completed by Dan Redmond, P.Geo., an independent qualified person as defined by NI 43-101. He has reviewed, verified and approved the technical information related to the MRE in this news release.

All other information in this news release has been prepared under the supervision of, verified and approved by Thomas K. Branson, M.Sc., P. Geo., VP Exploration of Snowline, as a qualified person for the purposes of NI 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company’s belief that Valley has excellent potential for continued growth, the Company’s belief that the region around Valley has the potential to become a prolific minerals district, the Company’s view that Valley has encouraging potential to host a long-life, high-quality gold mine and the Company considering the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

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

­SNOWLINE GOLD ADDS PROJECT DEVELOPMENT EXPERTISE TO BOARD WITH ADDITION OF GIL LAWSON

Vancouver, B.C., June 11, 2024: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce the immediate appointment of Mr. Gil Lawson to the Board of Directors as an independent director.

Gil Lawson is an experienced mining professional engineer with over 38 years of experience in project development, mine planning, and mine management. Between 1986 and 2020 he held a number of increasingly senior technical and leadership roles at Placer Dome Inc., De Beers Canada, and Goldcorp Inc., including the management of the Musselwhite, Campbell and Snap Lake mines. Between 2017 and 2020 he served as Chief Operating Officer of TMAC Resources, then interim General Manager for Kinross Gold Corporation’s Tasiast Mine in Mauritania, and most recently as Chief Operating Officer for Calibre Mining Corporation’s Valentine Gold Project. Mr. Lawson’s past Board experience includes serving as an independent director for Great Bear Resources where he helped guide the successful sale of the company to Kinross. Mr. Lawson holds a Bachelor of Mining Engineering from McGill University in Montreal, Quebec.

Snowline Gold Board Chair Craig Hart stated that “Mr. Lawson’s appointment will bring valuable experience, skill sets and new perspectives to the Board as well as adding technical strength in project development which is increasingly relevant to Snowline’s growth.”

Mr. Lawson indicated “I am excited to join the Snowline Gold team as an Independent Director and to work towards advancing this exciting project in Canada’s newest gold district.  I look forward to adding to the technical excellence of this fast-growing and dynamic team, and ensuring that Snowline’s guiding principles of environmental respect, building community, going big and doing things right, shape the future”.

Snowline Gold CEO Scott Berdahl concluded “We are pleased to welcome Gil Lawson to Snowline’s Board of Directors. His appointment adds a significant new dimension that will help to guide our company. His depth of experience in planning, developing and operating mines is highly relevant as we work to explore, expand, and advance our flagship Valley discovery.”

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-project portfolio covering >360,000 ha (>3,600 km2). The Company is exploring its flagship >110,000 ha (>1,100 km2) Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Craig J.R. Hart
Independent Board Chair

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

SNOWLINE GOLD MOBILIZES FIELD CREWS FOR FULLY FUNDED 25,000 METRE DRILL PROGRAM, COMPANY’S LARGEST EXPLORATION CAMPAIGN TO DATE

  • Five drill, 25,000+ metre drill program launched, with 15,000+ metres dedicated to expanding and defining the Rogue Project’s flagship Valley target
  • Upwards of 10,000 metres allocated for first pass and follow up drilling on at least five additional targets across the Rogue and Einarson projects
  • A second 50-person camp will be built near Rogue Project’s Valley target to increase the capacity to support expanding drill campaign and regional surface exploration

Vancouver, B.C., May 16, 2024: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has mobilized drilling personnel and geological staff to its Rogue Project in Canada’s Yukon Territory to kick off its 2024 exploration and drilling program. The 25,000+ metre (m) campaign will see two additional diamond drill rigs mobilized to complement the three rigs currently onsite at the Rogue Project’s Valley target, with a phased start-up over the coming days and weeks. Roughly 15,000+ m are allocated for the expansion and advancement of Valley. An additional 10,000+ m are assigned to first pass or follow-up drilling on multiple additional targets, including the Rogue Project’s newly identified Aurelius target and the Einarson Project’s Jupiter target.

“We are excited to be back in the field for our earliest start and our largest exploration campaign to date,” said Thomas Branson, Snowline’s Vice President of Exploration. “At Valley, our drilling will push to expand the extent of known mineralization and to gain a more quantitative understanding of the discovery, both in terms of its overall gold endowment and in terms of assessing potential economics of the relatively high grade, near surface gold system. The construction of a second 50-person camp will increase efficiencies at Valley along with our capacity to support regional exploration with additional drills. Following our substantial progress in 2023, we are keen to continue to unlock the value of what is effectively an only-mover position in a rapidly emerging gold district.”

2024 EXPLORATION PLANS

Drilling:

Of the 25,000+ m drilling planned for 2024, approximately 15,000+ m will be allocated to advance understanding of the Rogue Project’s Valley target and to further delineate the at-surface, high-grade (1 g/t Au to > 4 g/t Au) zone encountered there in 2023 drilling, while testing for potential extensions of the high-grade gold system in various directions. Drilling at Valley will be complemented by ongoing metallurgical work and environmental surveys, along with scoping studies as necessary to inform economic assessment of the discovery.

The remaining 10,000+ m are assigned to an aggressive regional drill campaign designed to test multiple additional targets. A 1,000+ metre Phase I drill program at Aurelius will test the surface mineralization discovered during the 2023 season (see press release dated February 20, 2024). Programs of 1,000+ m each are also planned to follow up on results from 2023 drilling at both the Cujo target (see press release dated November 9, 2023), the Reid target (downhole interval of 174.5 m averaging 0.27 g/t Au, from 303.5 m), and the Gracie target, where drilling will build on earlier results in vectoring towards the Gracie intrusion and targeting mineralization within.

With the recent consolidation of ownership on the Einarson Project, Snowline plans to conduct a 4,000+ metre drill program at Einarson’s Jupiter target as follow up to the high grade orogenic gold mineralization (to 13.2 g/t Au over 6.5 m, including 43.5 g/t Au over 1.3 m, and 10.4 g/t Au over 5.0 m within the same hole—see Snowline press release dated August 25, 2021) encountered across >1.1 kilometres of open strike length in 2021.

Additional drilling will be allocated as follow up to the above where warranted, or as Phase I drill programs at other targets which Snowline deems to have strong geological merit to host significant zones of mineralization. These may include the recently discovered reduced-intrusion related gold system (RIRGS) targets (Ramsey, Livia, Duke and Sydney: see press release dated May 2, 2024), previously identified RIRGS targets like JP, and select orogenic gold targets including Avalanche Creek and Mars on the Einarson Project, following additional surface-based work. All of the above drilling allocations are subject to refinement based on exploration results and other factors as the season progresses.

Surface Exploration:

The 2024 drill program will be complemented by extensive regional surface work. Baseline regional stream sediment sampling will be initiated in early June to bolster and expand existing data in the Rogue Project area, followed by extensive soil sampling around known targets and anomalous areas. The early start will provide time during the field season for follow-up and potential Phase I drilling on select areas with promising results.

Large-scale and target-scale geophysical programs are also planned for the 2024 field season, including regional electromagnetic and target-scale magnetic surveys, building on datasets that have proven useful in delineating alteration, structures and intrusive bodies associated with gold mineralization in exploration at Rogue to date.

Ongoing environmental surveys at Valley and on the broader Rogue Project will continue and, as with previous seasons, will be complemented by progressive reclamation of work sites.

Valley Camp:

In conjunction with the 2024 exploration program, Snowline will construct a 50-person camp in the vicinity of the Valley target, complementing the existing 50-person Forks camp which serves as a technical base and regional exploration hub for the company. The new camp will support efficient drilling at Valley while allowing the Company to accelerate regional exploration efforts. It is anticipated that the camp will be functional in mid to late June 2024.

EINARSON UPDATE

The Company is also pleased to report completion of the previously announced (see press release dated April 25, 2024) consolidation of 100% interest in the Einarson project, including acquisition of the Venus target, pursuant to which the Company issued 1,012,000 common shares as partial consideration. The common shares are subject to a hold period of four months and one day from the acquisition, in accordance with applicable Canadian securities laws, expiring on September 16, 2024.

In addition, the Company has purchased a block of 76 claims (NAD 1-76, the “NAD Property”) immediately adjacent to the Einarson Project’s Venus target from Strategic Metals (the “Vendor”). These claims are on strike with the structural trend and host a continuation of the multi-element anomaly associated with gold mineralization at Venus, thus consolidating the broader target area. As consideration for 100% interest in the NAD Property, the Company has issued the Vendor a one-time payment of C$50,000. The Vendor will retain a 2% Net Smelter Return (NSR) royalty on the NAD Property (the “NAD NSR”). In connection with the royalty agreement, the Vendor will grant Snowline the right to repurchase 50% of the NAD NSR (equivalent to 1% NSR interest) from the Vendor at any time, to be satisfied by the delivery of 1,000 ounces of gold or the cash equivalent at the time of exercise of the buydown right.

ABOUT ROGUE

Rogue’s Valley target is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production like Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. 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. Valley is an early-stage exploration project without a resource estimate, and while initial results are encouraging, the presence or absence of an economically viable orebody cannot be determined until additional work is completed.

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. The Rogue Project is thus considered by the Company to have district-scale potential for additional reduced intrusion-related gold systems.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-project portfolio covering >360,000 ha (>3,600 km2). The Company is exploring its flagship >110,000 ha (>1,100 km2) Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

The technical information in this news release has been reviewed by Thomas K. Branson, P.Geo., a qualified person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

 SNOWLINE GOLD DISCOVERS FOUR NEW REDUCED-INTRUSION RELATED GOLD SYSTEM TARGETS AT ITS ROGUE AND CYNTHIA PROJECTS, YUKON, WITH VISIBLE GOLD IN OUTCROP SAMPLES TO 86.5 GRAMS PER TONNE GOLD

  • Three additional new reduced intrusion-related gold system targets established on the Rogue Project, with an additional fourth target discovered on the Cynthia Project.
  • Continuous outcrop samples yield up to 5.12 g/t Au over 3.3 m at the Livia target, Rogue Project, and 2.93 g/t Au over 2.0 m at the Sydney target, Cynthia Project.
  • Visible gold in sheeted veins discovered in outcrop in a newly identified intrusion at the Ramsey target, Rogue Project, with an outcrop grab sample of 86.5 g/t Au.

Vancouver, B.C., May 2, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce discovery of three new reduced intrusion related gold system (RIRGS) targets at its Rogue Project and an additional new RIRGS target at its adjacent Cynthia Project in the Yukon Territory, Canada. Analytical results from the Company’s 2023 surface exploration program demonstrate widespread gold mineralization and RIRGS pathfinder elements associated with intrusions of the Rogue Plutonic Complex, a 60 x 30 km geological feature which also hosts the Company’s flagship Valley target. Results include outcrop chip sampling to 5.12 g/t Au over 3.3 m at the Livia target, and selective outcrop grab samples to 86.5 g/t Au at the Ramsey target. The new RIRGS targets are described in more detail below.

Figure 1 – Map of the Rogue Project and northern Cynthia Project, showing the locations of the newly identified RIRGS targets in relation to Valley and certain additional targets. The new discoveries highlight the widespread geographical footprint of gold mineralization at the Rogue Project, which effectively covers the entire Rogue Plutonic Complex.

“While consistent drill results have dominated our headlines, Snowline’s regional surface exploration team has done exemplary work behind the scenes bolstering our exploration pipeline and demonstrating widespread gold fertility within the regional-scale Rogue Plutonic Complex,” said Scott Berdahl, CEO & Director of Snowline. “The presence of our Valley discovery shows that the geological ingredients needed to produce a uniquely robust form of RIRGS mineralization are present at Rogue. The results of our regional work suggest a strong potential for locating other such instances of gold endowment across much of the broader, >1,100 km2 project area. With essentially the entire Rogue Plutonic Complex under full ownership, we are thrilled to have the opportunity to systematically explore this nascent gold district, along with the resources and the team to make the most of this opportunity.”

LIVIA TARGET, ROGUE PROJECT

The Livia target comprises a cluster of at least three mineralized zones located roughly 3 km east of the Company’s newly identified Aurelius target (see Snowline press release dated February 20, 2024) and 1-2 km west of the mid-Cretaceous Old Cabin pluton. The newly discovered gold mineralization occurs both within sheeted quartz veins hosted in <1 km diameter outcropping granodiorite stocks, and within silicified country rock (Figure 2).

Figure 2 – Plan view of the Aurelius and Liva targets, showing the known extent of anomalous gold values in surface geochemistry and the location of various rock samples. Zones of elevated to anomalous gold mineralization are present across an open 4 x 2.5 km area, centered roughly 3 km east of Snowline’s Aurelius target.

Historical surface sampling of silicified country rock near the south end of Livia returned grab samples of up to 16 g/t Au. Follow up by the Company identified a 1000 x 300 m northeast-trending structural corridor defined by two parallel structures hosted in mudstone and volcanic rocks, extending northeast from the historical sample site. A continuous rock chip sample from the southernmost fault hosted in silicified mudstone returned 3.3 m @ at 5.12 g/t Au including 0.3 m @ at 14.40 g/t Au (and 39.9 g/t Ag) with similar silicification and pathfinder element association to the Aurelius target. Additional selective rock chip samples from 200 m to the northeast within the same corridor returned seven mineralized vein samples out of eight with an average of 4.47 g/t Au (up to 7.39 g/t Au).

Serendipitously, the granodiorite stocks at Livia were initially identified and mapped by Snowline’s Chair Dr. Craig Hart during the field component of his undergraduate Honours thesis, before his role in developing the RIRGS deposit model. The stocks are hosted by the same volcanic and sedimentary rocks hosting mineralization at Aurelius and are located between steep NW-SE and N-S structures. Mineralization is characterized by sheeted quartz vein arrays with arsenopyrite and galena. A 110 x 50 m corridor of sheeted veins, with a vein density up to five veins per meter, was identified in one of these granodiorite stocks. This showing returned 18 mineralized vein samples out of 19 (Figure 2), hosted both in granodiorite and the surrounding hornfels lithologies, with an average of 2.22 g/t Au (up to 7.17 g/t Au, and 41.4 g/t Ag).

SYDNEY TARGET, CYNTHIA PROJECT

Figure 3 – High quartz vein densities with multiple vein orientations in outcrop at the Cynthia Project’s Sydney target (left) and the Rogue Project’s Valley target (right), highlighting similarities between the two. The poly-phase nature of the intrusion at Valley is thought to be a key factor in the formation of the multiple quartz vein generations and the high gold grades encountered there in drilling. This observation adds to the traditional RIRGS model, suggesting that earlier phases of an intrusion can serve as receptive host rocks for mineralization introduced by later phases. Thus, larger intrusions—like that at Sydney—previously thought to be too deeply eroded to be prospective for high-density RIRGS gold mineralization could potentially be mineralized internally by later intrusive phases.

The Sydney target is a newly discovered, open, 250 x 200 m zone of sheeted quartz veins hosted in a 3 km diameter granodiorite stock. The target is hosted in a N-S structural corridor with subvertical faults with up to 26 veins per meter. This zone returned a 2.0 m chip sample at 2.93 g/t Au, a 2.8 m chip sample at 0.53 g/t Au and a selective rock sample with 8.01 g/t Au. The rest of the target is characterized by an average of 10 veins per meter.

A second granodiorite stock located on the Cynthia Project remains largely unexplored.

Figure 4 – Plan view of the Sydney target, with exposed zones of high quartz vein densities highlighted in yellow and select rock grab samples labeled. The 14.7 g/t Au sample is local float (non bedrock) material.

RAMSEY TARGET, ROGUE PROJECT

Like Valley, the Ramsey target occupies a topographical low, with limited outcrop and a large component of transported surface cover. The target, located 23 km west of Valley (Figure 1), was initially identified as a magnetic high anomaly in historical aerial magnetic data. Surface investigation revealed the presence of low density (~1 vein/m) sheeted quartz veins in an intrusive host rock, with outcropping bismuth minerals and visible gold observed in the veins.

Out of ten grab samples collected from the isolated outcrops, which occupy only a small (~ 60 x 30 m) portion of the broader 4 x 2 km magnetic anomaly, eight were mineralized, with an average grade of 0.53 g/t Au not including a visible gold bearing grab sample of quartz vein material with abundant bismuthinite which returned 86.5 g/t Au. A soil sample grid established over the area returned elevated (>10 ppb Au) background gold values and localized anomalies up to 105 ppb Au associated with elevated bismuth and tellurium. It is unclear to what extent transported surface material (tills, colluvium and alluvium) might be masking bedrock influence on soil geochemistry across the target.

DUKE TARGET, ROGUE PROJECT

Duke is a newly discovered RIRGS target characterized by a 1,500 x 1,000 m granodiorite stock partially covered by colluvium and moraine deposits, located roughly 11 km southeast of the Valley target (Figure 1). Duke exhibits a similar geophysical response in historical ZTEM data to Valley, with a resistive anomaly marking the location of the intrusion.

Initial reconnaissance work identified sheeted quartz-sulphide veins with densities consistently greater than 10 veins per meter over an open, 500 x 350 m area. The vein mineralogy is characterized by quartz-carbonate with pyrrhotite, bismuthinite, and arsenopyrite. The vein sets are mapped as vertical with NW-SE and E-W orientation and have the potential to extend beneath the moraine deposits. Initial, representative grab samples returned values up to 0.56 g/t Au in outcrop and 0.91 g/t Au in float. These results are seen as encouraging indicators of fertility, and the target itself extends the known gold endowment along a general NW-SE corridor to >25 km stretching from Aurelius in the northwest and including the Valley target.

OTHER TARGETS

In addition to the new targets described above, the Company identified a zone of abundant gold-bearing intrusive float in glacial till on the Rogue Project roughly 12 km down-valley from (west-northwest of) the Valley gold discovery, associated with locally anomalous (17, 237 and 768 ppb Au) stream sediment geochemistry. It is unclear at present whether this float is derived from an undiscovered mineralized intrusion or whether it could have been transported as till from the Valley target itself at high enough concentrations to produce the observed gold anomalies in stream geochemistry.

Additional targets, including the Rogue Project’s JP target (formerly “Scronk”) and others, were advanced by the Company during the 2023 field season and could potentially see drill testing in 2024.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >360,000 ha (>3,600 km2). The Company is exploring its flagship >110,000 ha (>1,100 km2) Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’s Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 5 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target 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.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the consolidation of the Einarson Project, the acquisition of the Venus target, the significance of analytical results, the prospectivity of various gold targets, and the potential for investors to participate in multiple future discoveries, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

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

SNOWLINE GOLD COMPLETES OVERSUBSCRIBED C$31.9 MILLION FINANCING

Vancouver, B.C. – April 25, 2024 – Snowline Gold Corp. (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has completed its previously announced “bought deal” private placement of 3,685,750 charity flow-through common shares of the Company (the “FT Shares”) at a price of C$7.80 per FT Share (the “Offering Price”) for aggregate gross proceeds of C$28,748,850 (the “Offering”), including C$3,749,850 from the full exercise of the underwriters’ option. Each FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)).

The Company also completed a concurrent non-brokered private placement of 405,000 FT Shares at the Offering Price for additional gross proceeds of C$3,159,000, through which existing shareholder B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) subscribed to maintain its 9.9% interest in the Company.

“The present financing provides Snowline the bandwidth to significantly expand the scope of our upcoming field season, allowing us to simultaneously pursue exploration at our Rogue Project’s Valley target alongside an aggressive regional drill campaign,” said Scott Berdahl, CEO & Director of Snowline. “We continue to be impressed both by the results from Valley and from our pipeline of regional targets, and we are keen to unlock value through discovery and efficient advancement of what we see as an emerging Canadian gold district. And we are grateful for the investment of supportive shareholders who have initiated, maintained, or expanded on their positions in Snowline through this raise.”

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, in the amount of C$31,907,850, to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s projects in the Yukon Territory, on or before December 31, 2025, and will renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2024.

The Offering was made through a syndicate of underwriters led by Cormark Securities Inc. and BMO Capital Markets, and including Canaccord Genuity Corp., CIBC World Markets Inc., National Bank Financial Inc., SCP Resource Finance LP and Paradigm Capital Inc. (collectively, the “Underwriters”). The Underwriters received a cash commission equal to 5% of the gross proceeds of the Offering. The Company paid a finder’s fee equal to 2.5% of the gross proceeds of the non-brokered private placement to an arm’s length party.

All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws, expiring on August 26, 2024. Closing of the Offering is subject to the final acceptance of the TSX Venture Exchange.

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

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >360,000 ha (>3,600 km2). The Company is exploring its flagship >110,000 ha (>1,100 km2) Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’s Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 6505485
info@snowlinegold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering, the ability of the Company to incur in full or at all “Canadian exploration expenses” that qualify as “flow-through mining expenditures” and the renunciation thereof to the purchasers of the FT Shares and timing thereof, the final acceptance of the TSX Venture Exchange, the tax treatment of the FT Shares, the expansion of the scope of the Company’s field studies, the Company’s pursuit of exploration and regional drilling, the Company’s ability to unlock value through discovery, the establishment of a gold district, and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things, risks associated with executing the Company’s plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

 SNOWLINE GOLD CONSOLIDATES 100% OF ITS EINARSON PROJECT AND ACQUIRES ADJACENT GOLD TARGET WITH HISTORICAL DRILL RESULT OF 9.7 GRAMS PER TONNE GOLD OVER 38.7 M

  • Snowline consolidates 100% ownership of its district-scale Einarson Project, including its drill discovery of an orogenic gold system at the Jupiter target.
  • Consolidation agreement also includes acquisition of adjacent, privately held gold target with historical drill results reported up to 9.67 g/t Au over 38.7 metres.
  • Recent staking bolsters Snowline’s Yukon land position by 22,000 ha to >360,000 ha (>3,600 km2), with expansions to its Rogue and Einarson projects.

Vancouver, B.C., April 25, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has entered into a purchase agreement that will result in the consolidation of 100% ownership of its Einarson Project through purchase of a privately held 30% interest in 3,003 mineral claims (~61,000 ha). Einarson includes the Company’s Jupiter discovery, which saw 2021 Phase 1 drill results of 13.2 g/t Au over 6.5 metres (m), including 43.5 g/t Au over 1.3 m, and 10.4 g/t Au over 5.0 m within the same hole (see Snowline press release dated August 25, 2021) alongside other well-mineralized drill holes spanning 1.1 kilometres (km) of open strike length. Additionally, Einarson hosts multiple untested, kilometers-scale gold targets defined by prospecting and surface geochemistry. Einarson sits immediately to the north of and is contiguous with Snowline’s 100% owned Rogue Project, which hosts the Company’s flagship Valley discovery. In addition to the consolidation, the Company will acquire a 100% interest in the Venus target, a privately held gold target adjacent to Einarson with a reported 2012 drill intersection of 9.67 g/t Au over 38.7 m (true width unknown; results have not been directly verified by the Company).

“We are thrilled to consolidate the Einarson Project and to acquire a full 100% interest in our Jupiter discovery alongside other promising targets,” said Scott Berdahl, CEO & Director of Snowline. “The quantity and scale of the gold targets identified at Einarson through regional baseline work and follow-up prospecting were a big part of our motivation for launching Snowline Gold in 2021. The targets themselves are compelling, and they indicate strong regional gold fertility across Einarson, Rogue and our surrounding projects. The results of our Phase 1 drilling at Einarson’s Jupiter target underscore this potential, and we are excited to follow up on that discovery and other targets in the upcoming 2024 exploration season, which will soon be underway.

“To be clear: our primary focus remains on the expansion and advancement of our Valley gold discovery on the Rogue Project. This district-level consolidation marks the realization of a long-term objective, further bolstering Snowline’s exploration pipeline and expanding our opportunity to establish a new Canadian gold camp. Following this acquisition, Snowline will have 100% ownership of its entire >3,600 km2 mineral tenure, with no royalties above 1% following buy-down. Our significant land position has the added benefits of reducing regional competition and potential for cumulative impacts, thus streamlining permitting and allowing us to approach exploration and development in a responsible, holistic fashion. We are excited to bring to our shareholders the full discovery upside potential of numerous targets within a long-life exploration portfolio.”

Figure 1 – Map of the consolidated Einarson Project, the newly acquired Venus target, and newly staked mineral claims in the vicinity of the Rogue and Einarson projects. Multiple kilometers-scale exploration targets have been identified at Einarson, including the “Golden Lane,” a 30 km linear trend of consistently elevated to anomalous gold in soils which includes the Company’s “Neptune” and “Luna” targets (formerly “Misty” and “B2”), along with Avalanche Creek, a 1 km mineralized float train with grab samples of up to 34.2 g/t Au located 12 km south of Jupiter along the same structural trend.

As consideration for the acquisition of the outstanding 30% interest in Einarson, 100% interest in Venus, 100% interest in several additional claims, and the purchase of physical assets in the area, Snowline will make a cash payment of C$1,200,000 and a one-time share payment of 1,012,000 Snowline shares, subject to a four-month hold period, to an arm’s length private third party (the “Vendor”). The Vendor will retain a 2% Net Smelter Return (NSR) royalty on the Venus claim block (Figure 1). In connection with the agreement, the Vendor will grant Snowline the right to repurchase 50% of the Venus NSR (equivalent to 1% NSR interest) from the Vendor at any time following the closing of the agreement, to be satisfied by the delivery of 1,000 ounces of gold or the cash equivalent at the time of exercise of the buydown right. The Vendor will also be entitled to up to seven (7) individual, one-time cash bonus payments of C$1,000,000 in the event of a resource estimate prepared in accordance with NI 43-101 standards which delineates total measured and indicated resources exceeding 1 million ounces of gold on any of six specified mineral claim groupings within the consolidated claims and one additional claim grouping covering the Venus claim block. The purchase agreement is subject to a number of standard conditions, and it is anticipated that closing will occur prior to May 15, 2024.

JUPITER

Snowline’s Jupiter Target hosts an epizonal orogenic gold system, discovered through a Phase 1 drilling program completed by the Company in 2021 (e.g. Figure 2). Widespread gold mineralization was encountered across 1.1 km of strike length within an open geochemical anomaly spanning roughly 3 km along a structural trend. Follow-up drilling on this discovery was postponed until consolidation of 100% ownership of the underlying claims could be resolved.

Figure 2 – Drill section showing holes J-21-010 to J-21-013, with gold assays represented as yellow bar plots downhole (see Snowline press release dated October 13, 2021). A preliminary schematic interpretation suggests mineralized zones (red) dip roughly east-northeast, though this basic interpretation is unlikely to capture structural complexity suggested by fold and fault structures observed in drill core, and the continuity between holes remains to be seen. Hole J-21-012 was drilled towards the viewer and is truncated where it pierces 50 m in front of section. It was only assayed in a few select intervals below this point. True widths of reported intersections are not yet known but are expected to be between 50 to >90% of reported intervals.

Additional areas of orogenic gold mineralization are present on parallel fault structures in the vicinity of Jupiter. Twelve kilometres south of Jupiter, the Avalanche Creek target hosts a mineralized boulder train (Figure 3) similar to that discovered at Jupiter, with mineralized quartz cobbles and boulders returning up to 34.2 g/t Au. Four kilometres to the west, a parallel fault structure is associated with the Mars target, a 4-kilometre geochemical anomaly that has seen limited historical drilling at its extreme south end. Jupiter, Avalanche Creek, Mars, and other targets are now fully owned by Snowline.

Figure 3 – Gold-bearing quartz float boulders at Einarson Project targets Jupiter (left) and Avalanche Creek (right), present as persistent float trains dispersed for at least 1 km in each case. Both targets are associated with the same property-scale fault structure roughly 12 km apart from each other, and 4 km from the Mars target which is situated on a parallel property-scale fault. The Jupiter target float train was drill tested in 2021 (Figure 2), revealing a robust orogenic gold system which remains open. Avalanche Creek was discovered in late 2020 and has not yet been drill tested. The prominent nature of the previously unidentified mineralized boulder trains highlights the underexplored nature of the Einarson Project and the surrounding mineral district.

VENUS

The Venus claim block comprises 270 claims (5,600 ha) covering a Carlin-style gold discovery made by a private company in 2012. Surface showings of orpiment and realgar occur in the vicinity of outcropping silicified dolomite. Selective grab samples of this zone returned assays of up to 191 g/t Au. 4,159 m of diamond drilling on the target in 2012 and 2013 by the private company revealed widespread but thus far relatively inconsistent gold mineralization. The best hole returned 9.67 g/t Au over 38.7 m (including 30.64 g/t Au over 6.4 m) from 41.5 m downhole. These results have not been directly verified by Snowline, and the true width of this interval is not known.

In the context of the orogenic gold mineralization at the Einarson Project’s Jupiter target and the reduced-intrusion style gold mineralization at Rogue Project’s Valley target, the Company considers the presence of Carlin-style gold mineralization in the district an encouraging confirmation of a robust regional metallogenic framework with a propensity to form large gold systems.

STAKING

The Company has secured through staking an additional 1,071 mineral claims covering roughly 22,000 ha (220 km2) in the vicinity of its Einarson and Rogue projects (Figure 1). This staking bolsters the Company’s district-scale position in the region, infilling and strategically expanding its previous land position, covering prospective structural corridors, and adding buffers around existing targets and project areas. This staking, together with the acquisition of the Venus target, will bring the Company’s total Yukon Territory mineral tenure holdings to >360,000 ha (3,600 km2).

Roughly 11% of the 1,071 newly staked claims fall within or partly within the fixed 2 km areas of interest (AOIs) defined in Snowline (formerly Skyledger Tech Corp)’s December 1, 2020 agreement with Yukon-based company 18526 Yukon Inc., through which Snowline acquired its extensive Yukon datasets and its initial Yukon mineral properties. Claims staked within the AOIs are subject to a 2% NSR royalty and are incorporated into existing buy-down provisions which allow Snowline to reduce the NSR to 1% on a project-by-project basis. 18526 Yukon Inc. is a privately held project generation company that is owned 40% by Snowline’s CEO and Director Scott Berdahl. The remaining 89% of newly staked claims have no underlying royalties.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >360,000 ha (>3,600 km2). The Company is exploring its flagship >110,000 ha (>1,100 km2) Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’s Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Figure 4 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold system (RIRGS) targets on the broader 30 x 60 km Rogue Project, complemented orogenic, Carlin-type, RIRGS and other sediment hosted gold targets on surrounding projects.

QUALIFIED PERSON

Information in this release has been prepared under supervision of and approved by J. Scott Berdahl, M.Sc., P. Geo., CEO & Director of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

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.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the consolidation of the Einarson Project, the acquisition of the Venus target, the significance of analytical results, the prospectivity of various gold targets, and the potential for investors to participate in multiple future discoveries, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks 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.