SNOWLINE GOLD SIGNIFICANTLY EXPANDS PROPERTY HOLDINGS IN YUKON’S SELWYN BASIN

  • Added 18,864 hectares of mineral claims across 4 existing projects
  • Expands total land position to roughly 90,000 hectares in the Yukon 
  • Cements cornerstone position in the metal-rich Selwyn Basin 

Vancouver, B.C., April  28, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US Pink Sheets: SNWGF) (the “Company” or “Snowline”) is pleased to announce it has staked additional claims, significantly expanding its land position around its 100% owned Rogue, Rainbow, Cynthia, and Ursa projects in the east central Yukon. In total, 782 new claims were staked for an additional 18,864 hectares. This brings Snowline’s mineral tenure in the Yukon to 89,724 hectares across its 7 projects. The new claims were strategically staked to cover structures, trends, and gold anomalies that extended beyond the bounds of its original holdings. The enhanced land position cements Snowline’s cornerstone position in an emerging gold district in the prospective Selwyn Basin. 

“Snowline launched with seven high quality exploration projects throughout the Yukon and an extensive privately owned exploration database built over decades” said the Company’s Chief Executive Office Nikolas Matysek. “A comprehensive geological review led by Dr. Quinton Hennigh and Dr. Craig Hart determined that the bulk of Snowline’s properties may only cover the tip of the iceberg. This new staking has expanded Rogue, Rainbow, Cynthia, and Ursa’s footprint to better cover high priority exploration targets and to cement Snowline’s cornerstone position in the Selwyn Basin.”

Rogue

Recent staking has expanded the Rogue Project by 4.6 times to 11,227 hectares covering high priority gold targets that Snowline is intending to further explore in the upcoming season.

Snowline’s mineral tenure at Rogue was significantly increased with the staking of 321 new claims in three blocks—Arrowhead, Old Cabin and JP—targeting reduced intrusion related gold systems associated with members of the Cretaceous-aged Tombstone Plutonic Suite.

Holdings around the project’s primary Valley and Gracie targets on the Arrowhead block were increased by 117 claims (2,422 ha) to better cover the existing target zones and to secure prospective areas in their vicinity. Historical geochemical sampling by previous operators included two drainages downstream of the newly-staked ground with reported gold-in-silt concentrations of 160 and 100 parts per billion gold. Elsewhere, a soil sample returned 1.32 grams per tonne gold where an inferred fault striking north northeast from the Gracie zone crosses a contour soil sampling line, some 3.5 km northeast of the central Gracie target area.

An additional large block, Old Cabin, comprising 176 new claims (3,569 ha) was staked to connect and expand claim holdings over a suspected buried intrusive stock inferred from a small (roughly 200 m) granodiorite plug within a 2 x 4 km magnetic anomaly. Historical grab samples within this zone include quartz vein material assaying 8.7 g/t Au, and sulphide-rich skarn assaying 5.3 g/t Au. Elsewhere on the block, historical grab samples of quartz vein material have assayed up to 10.0 g/t Au. Streams draining the claim block consistently returned values in the hundreds of parts per billion gold., One particular stream draining from the magnetic anomaly returned gold-in-sediment values ranging from 233 to 1150 ppb Au.  It is thought that a buried intrusion at Old Cabin could have an intact carapace at its top, with increased potential to host a significant reduced-intrusion-related gold deposit.

The third block, JP, comprises 28 new claims (563 ha) above and around a 900 by 600 m exposure of an intrusive stock 7 km southwest of the Valley target. Historical sampling found subparallel gold-bearing quartz veins averaging 2 cm in width within and adjacent to the intrusion, commonly assaying between 1 and 4 g/t Au with samples up to 36.0 g/t Au.

Rainbow

Recent staking has expanded the Rainbow Project 10 times, now totalling 1,255 hectares.

Rainbow covers a gold and pathfinder element soil anomaly associated with surface alteration caused by a recently discovered intrusion. Staking expands the property to include parts of the historical soil anomaly previously outside its boundaries, including a northwest zone with anomalous gold in soils to 0.93 g/t Au, silver in soils exceeding a 100 g/t Ag assay limit, and anomalous bismuth, tungsten and antimony. The new land position also covers a 3 km magnetic signature extending eastward from the soil anomaly.

Cynthia

Recent staking has expanded the Cynthia Project 6 times, now totalling 1,399 hectares.

Cynthia covers an area of gold mineralization between two adjacent exposures of a Cretaceous Tombstone suite intrusion. Mineralization is controlled by district-scale fault zones and is especially intense in the central part of the project. Surface grab samples in these zones commonly assay from 200 ppb to 3 grams per tonne gold, with values up to 16 g/t Au  in a central zone. Cynthia is along strike of the past producing Plata silver mine, and is within 8 km of an inactive heavy equipment winter access trail that connects to the North Canol Road.

This staking gives secures a wider margin around known mineralized zones, and covers additional prospective ground on the altered shoulders of two intrusive exposures.

Ursa

Recent staking has expanded the Ursa Project 54 times, now totalling 7,755 hectares.

Ursa cover a 9 km trend of anomalous gold in stream sediment and soil samples, thought to be associated with sulphide minerals hosted in tightly folded Cambrian and Ordovician shales and cherts. Ursa also hosts a separate, 14 km-long trend of elevated to highly anomalous zinc along with elevated silver, copper, molybdenum, nickel and vanadium, thought to be associated with Devonian age enriched black shales.

It should be noted that all exploration results discussed above are historical in nature. Most sampling has been performed within the past 10 years following standard industry practices, and while specific results have yet to be independently verified by Snowline, the Company has no reason to suspect the data are not reliable as general indicators of exploration potential.

Qualified Person

Information in this release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. 

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. Snowline’s projects all lie in the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

SNOWLINE GOLD PROFILES CYNTHIA GOLD PROJECT, 100% OWNED BULK TONNAGE GOLD TARGET

  • 2×2 km zone of alteration, veining and elevated gold geochemistry between two Tombstone suite intrusions presents a bulk tonnage gold target with potential for high grade structural zones
  • Grab samples within the mineralized structures range from 200 ppb to 3.0 g/t Au, with results up to 16 g/t Au
  • Historical first pass drilling returned encouraging results including 1.2 g/t Au over 6.5 m.

Vancouver, B.C., April  20, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to introduce its 100% owned, 710 hectare Cynthia Gold Project located in the Selwyn Basin, eastern Yukon Territory. The Cynthia claims cover a 4 square kilometre area of gold mineralization between two adjacent exposures of a Cretaceous Tombstone suite intrusion. Mineralization is controlled by district-scale fault zones and is especially intense in the central part of the project. Surface grab samples in these zones commonly assay from 200 ppb to 3 grams per tonne gold, with values up to 16 g/t Au  in a central zone. Cynthia is along strike of the past producing Plata silver mine, and is within 8 km of an inactive heavy equipment winter access trail that connects to the North Canol Road. 

Cynthia is interpreted to have both bulk-tonnage and high grade, structurally-controlled exploration potential . Historical first pass drilling in 2010 returned broad zones of elevated gold associated with extensive quartz veining and stockwork, including 1.2 g/t Au over 6.5 m within a broader interval of 0.43 g/t Au over 32 m (drilled widths given, true widths unknown). Approximattely 1,100 m of historical drilling was completed on the property in 7 holes.

“The scale of anomalous gold values and accompanying alteration at Cynthia is hard to ignore,” said Scott Berdahl, COO and Director of Snowline Gold Corp. “Given its proximity to our flagship Rogue project and its associated dataset, we have the opportunity to assess historical results at Cynthia in regional context and to advance exploration at relatively low cost. The mineralization itself lends further weight to our interpretation of the broader Rogue-Einarson area as a potential new gold district.”

Snowline is reviewing the complete project portfolio it acquired from 18526 Yukon Inc. in late February 2021 and is focused on prioritizing exploration to maximize shareholder value. Specifically, it is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements.

Project Geology

The Cynthia property is located between two Cretaceous quartz monzonite stocks in a zone of variably folded and faulted, late Paleozoic Selwyn Basin passive margin sedimentary rocks.

The two stocks are thought to be apophyses of a larger intrusion at depth. Adjacent sedimentary rocks have undergone intense hornfelsing, with abundant pyrite and pyrrhotite.

Two prominent structural zones intersect in the saddle zone between the intrusions. These structures host gold-bearing massive and drusy quartz veins. Within the intersection zone are zones of intense stockwork and strong brecciation, as well as numerous felsic dykes. Multi-staged gold mineralization in the quartz veins, stockwork and altered quartz porphyry dykes include sulphide minerals (mainly pyrite and arsenopyrite) and elevated As, Bi and Ag values. Abundant chalcedony accompanied by elevated Sb, Hg, Ag and Pb values has been variously interpreted by historical operators to represent a late-stage epithermal gold environment, or to represent an earlier sedex-style mineralizing event.

A program of geological mapping, historical core review, drone surveying and geochemical sampling is planned to put historical results in context and to establish a drilling strategy for the project.

Qualified Person

The technical information contained in this news release is based primarily on historical data collected by previous operators that has not been directly verified by Snowline. It is believed to be reliable as an indicator of the Cynthia project’s overall potential as an early-stage gold prospect. Note that rock grab samples are selective in nature and do not necessarily reflect overall grades of the mineralized system.

Information in this release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. Mr. Berdahl last visited the Cynthia property in July 2009.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 70,000 ha. The Company is exploring its flagship 64,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. Snowline’s projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

SNOWLINE GOLD ANNOUNCES 100% OWNED RAINBOW GOLD PROJECT, CENTRAL YUKON

  • Geochemical anomaly suggests the presence of a deep-seated intrusion-related gold system, potentially analogous to Victoria Gold’s Eagle or Kinross’ Fort Knox deposits
  • Ground magnetics reveal alteration signature across 3 x 2 kilometre area
  • Prospecting grab samples to 7.98 g/t Au, shear zones to 4.1 g/t Au

Vancouver, B.C., April 13, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to provide additional detail on its 100% owned, 125 hectare Rainbow Gold Project, located within the Tintina Gold Belt. The Rainbow project covers a gold and pathfinder element soil anomaly associated with surface alteration caused by a recently discovered intrusion, thought to belong to the mid-Cretaceous Tombstone Plutonic Suite. Other Tombstone-related gold deposits within the Tintina Gold Belt include Fort Knox (~11 million ounces Au), and Eagle (~4.8 million ounces Au).

“The Rainbow Gold Project is another key element in Snowline’s Yukon-focused asset portfolio. The sampling and geophysics to date indicate we may be on top of a prospective intrusion like the types associated with other large deposits in the Tintina Gold Belt” said Nikolas Matysek, Chief Executive Officer of Snowline. “Historical work has established a clear deposit thesis that we will move to validate this season.”

Snowline is reviewing the complete project portfolio it acquired from a private vendor and is focused on planning and prioritizing its exploration to maximize shareholder value. Specifically, it is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements.

Project Geology

Grid soil geochemistry completed over the property revealed a 1 km by 300 m zone of high gold values (to 1.27 g/t) accompanied by anomalous bismuth, tellurium and tungsten flanked by zones of anomalous arsenic, antimony and silver (see Figure 1). This geochemical anomaly corresponds to the eroded edge of a 3×2 kilometre magnetic anomaly. Prospecting returned shear-hosted sulphide-bearing outcrop samples grading 4.1 g/t Au and locally-derived angular quartz float samples running 7.98 g/t Au. The magnetic anomaly reveals the potential size of the alteration system, and stream geochemistry anomalies that are 2.5 kilometres from the soil anomaly suggests that mineralizing fluids may have travelled at a similar scale.

A program of drone surveying, geochemical sampling and structural mapping is planned to establish suitable drill targets on the Rainbow property.

Figure 1: Intense, zoned, multi-element soil anomaly associated with eroded exposures of a hornfelsed zone around newly-discovered intrusive rocks at Rainbow. High spatial correlation between gold and bismuth, with anomalous antimony and arsenic peripheral to the gold zone is similar to zoning observed in known reduced intrusion related gold systems such as Kinross Gold’s Ft. Knox deposit in Alaska.

Figure 1: Intense, zoned, multi-element soil anomaly associated with eroded exposures of a hornfelsed zone around newly-discovered intrusive rocks at Rainbow. High spatial correlation between gold and bismuth, with anomalous antimony and arsenic peripheral to the gold zone is similar to zoning observed in known reduced intrusion related gold systems such as Kinross Gold’s Ft. Knox deposit in Alaska.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 70,000 ha. The Company is exploring its flagship 64,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. Snowline’s projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox to Newmont’s Coffee. Snowline’s first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

SNOWLINE GOLD SIGNIFICANTLY EXPANDS CLIFF AND TOSH LAND POSITIONS

  • Cliff Gold Project expanded 4.5-fold to 2,724 hectares to cover an additional 3 target areas
  • Tosh Gold Project expanded 2.3-fold to 3,700 hectares to connect zones of gold mineralization along known structural trends

Vancouver, B.C., March 30, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to announce it has staked additional claims around the Cliff and Tosh Gold Projects, expanding them by 2,121 hectares and 2,069 hectares, respectively. The new claims consolidate the land positions at each project and cover additional prospective zones with historical elevated gold-in-soil sampling results. 

“We are excited to have consolidated Snowline’s position around the Cliff and Tosh projects,” said the Company’s Chief Executive Office Nikolas Matysek, “Our expanded claims now fully cover all of the high-priority targets, as well as prospective adjacent ground, identified by earlier prospecting. Snowline has developed a diversified portfolio of gold projects throughout the Yukon, and we will examine all our options as we continue to advance our portfolio of projects this summer.”

The Cliff Project

Snowline has staked 102 new claims around the Company’s Cliff Gold Project located in southwestern Yukon’s Ruby Range placer gold district (see March 16, 2021 release – Snowline Gold Corp. Introduces 100% Owned Cliff Gold Project for additional information). The total size of the Cliff Project has been expanded by 2,121 hectares to a new total of 2,724 hectares. The new claims provide better coverage around the main “Cliff” zone, including a major fault zone downslope from the target. The new staking also covers three additional target areas: 

  • The “Hi” zone is a 1.4 km long zone of elevated soils and talus fines over an exposure of the Ruby Range batholith. Eighteen of 44 historical soil samples in this area returned values above 40 ppb Au, to a maximum of 6.8 g/t Au.
  • The “Strike” zone is a 1.5 x 1.5 km area with variably anomalous gold and arsenic in historical soils and talus fines to a maximum concentration of 1.26 g/t Au along the contact of the Kluane schist and the Ruby Range batholith.
  • The “Spruce” zone has historic stream sediment samples up to 0.46 g/t Au that are downslope from soil samples up to 0.5 g/t Au.

Planned follow-up in 2021 will include detailed mapping and prospecting.

The Tosh Project

The Company has staked 99 new claims around the Tosh Gold Project in the southwestern Yukon, which is located in a geological and structural setting similar to Newmont’s Coffee deposits (see March 23, 2021 release – Snowline Gold Corp. Introduces 100% Owned Tosh Gold Project for additional information). The total size of the Tosh Project has been expanded by 2,069 hectare to a new total of 3,700 hectares. The new staking connects high priority target areas into a single claim block. The larger claim position allows for the first detailed systematic look at the mineralizing system and better coverage along strike of kilometre-scale mineralized trends. 

At Tosh, Snowline is gearing up for regional assessment and advancing existing targets in 2021. The regional assessment will be done through detailed stream sediment surveys. Geophysical surveying and geological mapping will guide target advancement.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. 

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 70,000 ha. The Company is exploring its flagship 64,000 Ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. Snowline’s projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox to Newmont’s Coffee. Snowline’s first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.
Nikolas Matysek, CEO
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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

SNOWLINE GOLD CORP. INTRODUCES 100% OWNED TOSH GOLD PROJECT, SOUTHWEST YUKON

  • 1,630-hectare property located in an underexplored part of the same geological terrane as Newmont’s Coffee Gold project and White Gold’s projects
  • Mineralized rock samples up to 6.8 g/t gold and up to 1,146 g/t silver over a 15 kilometre area
  • Multiple open-ended soil anomalies at least 2.1 kilometres in length with highlight soil concentrations of 5.8 g/t gold and 62.1 g/t silver

Vancouver, B.C., March 23, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to provide additional information on its 100% owned, 1,630-hectare Tosh Gold Project (the “Tosh Project”). Precious metal mineralization at the Tosh Project is found along kilometre-scale shear zones, in quartz-carbonate veins, breccias and silicified shales, with assay results up to 6.8 g/t Au and 1,146 g/t Ag in rock grab samples over an area spanning 15 kilometres.

Historical exploration highlights on the Tosh Project's "Yarrow Zone"

“The Tosh Project speaks to the depth of Snowline’s exploration portfolio,” said Scott Berdahl, Snowline’s COO. “Widespread prospecting discoveries accompanied by kilometres-scale, multi-element soil anomalies in a geological and structural setting similar to White Gold’s camp attests to the Tosh Project’s scale and potential. The encouraging historical results justify advanced exploration.”

Snowline is reviewing its newly acquired project portfolio and is focused on planning and prioritizing its exploration to maximize shareholder value. Specifically, it is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements.

The Tosh Project bears many hallmarks of a significant orogenic gold camp. Host rocks are high-strain schists and intercalated marbles of the Yukon Tanana terrane, the geologic province that hosts two recently discovered million-ounce-plus gold deposits (including Newmont’s “Coffee” deposit, ~115 km to the north of the Tosh Project) and from which over 12.5 million ounces of placer gold has been recovered in the Klondike goldfields. Importantly, major regional faults cut Cretaceous and Paleogene intrusive rocks in the vicinity of the Tosh Project.

Grid soil sampling (1,379 samples) at the Tosh Project revealed two prominent NW-SE trending zones of anomalous (defined by 90th percentile gold values >27 ppb Au) multi-element geochemistry, “Peska” and “Koose,” separated by 12 kilometres of prospective ground. Gold in soil values assay up to 5.8 g/t Au at Koose and 1.6 g/t Au at Peska. These zones extend roughly 2 kilometres each and remain open in both directions on trend. A historical ground-based VLF electromagnetic geophysical survey over part of the Peska zone suggests the presence of continuous conductive structures. These structures may correspond to an anomaly that spans at least 500 metres, extending along trend off both edges of the survey. Out of 66 rock samples at Peska and Yarrow, 14 assayed higher than 1.0 g/t Au and 9 above 100 g/t Ag. Additional prospective areas at Tosh have yet to be thoroughly explored.

The Tosh Project is located 20 kilometres from the paved, all-season Alaska Highway. Follow up exploration at the Tosh Project will focus on delineating high priority drill targets.

Gold and silver values on the adjacent Peska and Yarrow zone

SNOWLINE GOLD CORP. INTRODUCES 100% OWNED CLIFF GOLD PROJECT, SOUTHWEST YUKON

  • Cliff gold project, approximately 603 hectares, located in an established placer district
  • Previous geochemical sampling identified 1.6 kilometre by 300 metre soil and talus fine anomaly grading to 3.1 g/t Au 
  • Property geology analogous to the Juneau Gold belt which hosts 7,000,000 oz Au of historical production

Vancouver, B.C., March 16, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to provide more detail on its 100% owned, 603 hectare Cliff Gold Project. The property is situated in southwest Yukon’s Ruby Range placer gold district which has produced alluvial gold since the early 1900s. Snowline is currently reviewing its newly acquired project portfolio to maximize company value. It is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements. The Company’s 7-project portfolio provides flexibility and diversification while it advances its flagship Rogue and Einarson projects in the Selwyn Basin, Yukon.

“The Cliff Gold Project is an important component of Snowline’s Yukon-focused project portfolio. We are excited to have such a high quality hard-rock prospect in a district that has produced placer gold for more than 100 years” said Nikolas Matysek, Chief Executive Officer of Snowline. He continued, “Kilometre-scale gold-in-soil anomalies combined with consistent placer gold recovery in the region suggests we are in a prospective area. Our strategic review of geological data will determine the best way to maximize Cliff’s value to Snowline.”

The Cliff Project

The Cliff Gold Project covers a series of pronounced gold-in-soil anomalies in the Yukon’s Ruby Range, a prolific placer gold district with more than a century of placer gold production. Cliff was located through an extensive, iterative geochemical and geological exploration program throughout the Ruby Range vectoring to the most prospective areas. The Project is underlain by Kluane schist and exposures of the Ruby Range batholith. These units correspond in age, lithology and structure to host rocks of the rich Juneau Gold Belt to the southeast, which has produced over seven million ounces of orogenic gold.

Systematic soil and talus sampling over Cliff identified a large, consistent gold in soil anomaly averaging 179 ppb Au and over an area of 1,600 by 300 metres, adjacent to a significant fault zone. The highest grade soil sample from this anomaly was 3.1 g/t Au. A single grab sample of quartz-carbonate float assayed 7.3 g/t Au. The Company will conduct follow-up prospecting and mapping this summer. High-resolution drone imagery suggests the presence of parallel northwest-trending structures that may control gold mineralization.

Figure 1: Gold concentrations in soil and talus fine samples, with the lone rock sample taken on the target to date, shown in parts per million (equivalent to grams per tonne). In 2019 a high-resolution photogrammetric drone survey revealed two dominant, repeated structural trends, one of which corresponds to the orientation of a large outcropping quartz vein uphill from multiple >1 g/t Au talus fine samples.

The Cliff property is situated within 13 kilometres of existing placer roads, 34 kilometres of a 30 MW hydroelectric station, and 40 kilometres of the town of Haines Junction, Yukon. For further information on Snowline’s Cliff, Einarson, and Rogue projects, please visit www.snowlinegold.com.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. 

ON BEHALF OF THE BOARD

Nikolas Matysek
CEO & Director

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory based gold exploration company. The Company is exploring its flagship Einarson and Rogue gold projects that cover ~64,000 hectares in the prospective yet underexplored Selwyn Basin. Snowline’s projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox to Newmont’s Coffee. Snowline’s first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

For further information, please contact:

Snowline Gold Corp.
Nikolas Matysek, CEO
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, and conducting follow-up prospecting and mapping this summer. 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 CORP. BEGINS TRADING, FILES TECHNICAL REPORTS ON EINARSON & ROGUE GOLD PROJECTS, AND INTRODUCES TECHNICAL TEAM

SNOWLINE GOLD CORP. BEGINS TRADING, FILES TECHNICAL REPORTS ON EINARSON & ROGUE GOLD PROJECTS, AND INTRODUCES TECHNICAL TEAM

  • Snowline Gold Corp. has acquired seven high-potential gold properties covering ~67,000 hectares in the Yukon Territory, Canada
    • Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa 
  • Cornerstone position in the Selwyn Basin presents opportunity as first-movers to develop and control a new greenfield district-scale gold system
  • The 61,690-hectare Einarson project covers five primary target areas for Carlin style and epizonal orogenic gold mineralization, with surface grab samples up to 34.2 g/t Au and soils up to 9.1 g/t Au along kilometres-scale trends
  • The 2,439-hectare Rogue project covers a newly-discovered Tombstone series intrusion and suspected buried intrusion with intact carapace, with surface grab samples up to 152.0 g/t Au and visible gold observed in sulphide veins 
  • Paul Matysek has joined Snowline as Lead Strategic Advisor. Mr. Matysek is a consistent creator of shareholder value and has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion CDN
  • Two recently completed over-subscribed private placements for gross proceeds of $7,810,000 CDN will fully fund 2021 exploration campaign 
  • Snowline has filed with Canadian securities regulators technical reports prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on each of the Einarson project and the Rogue project

Vancouver, B.C., March 2, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to announce it has begun trading under its new name and symbol, effective March 1, 2021. Through its recently completed transaction with 18526 Yukon Inc., the Company acquired seven high-potential gold projects covering ~67,000 hectares in the Yukon Territory, Canada. The two previously completed over-subscribed private placement financing for gross proceeds of $7,810,000 CDN will fully fund 2021 exploration of the Einarson and Rogue projects, with maiden drilling of several targets scheduled for this summer. Snowline has appointed industry veteran Paul Matysek as Lead Strategic Advisor to the Company as it explores an emerging gold district in the Yukon’s Selwyn Basin.  

Snowline’s flagship Einarson and Rogue gold projects cover ~64,000 hectares in the prolific yet underexplored Selwyn Basin. The projects occupy a distinct structural zone near the Rackla gold belt, host to ATAC Resources’ 1.7 Moz Au Carlin-type Conrad deposit. Rogue sits within the Tombstone gold belt, which hosts multiple million-ounce-plus deposits including Victoria Gold’s 3.6 Moz Au producing Eagle mine, Kinross’s 11 Moz Au producing Fort Knox mine and Golden Predator’s 1.8 Moz Au Brewery Creek deposit.  Snowline’s first-mover claim position on these projects presents the opportunity to explore and expand a new greenfield, district-scale gold system.

“The acquisition of the Einarson and Rogue projects along with five additional holdings throughout the Yukon represents Snowline’s strong belief in the massive untapped mineral potential of the Territory,” said Nikolas Matysek, Chief Executive Officer of Snowline. “We have assembled a commanding position in the highly prospective yet overlooked Selwyn Basin that gives us an incredible opportunity to create value for all our stakeholders as we responsibly develop our projects. I am honoured to join a team that includes renowned geologists Quinton Hennigh, PhD and Craig Hart, PhD who will provide valuable insights. I also trust Paul Matysek’s golden touch will continue to shine bright in Canada’s premier exploration jurisdiction. I look forward to building mutually beneficial relationships with the communities and First Nations where we operate.”   

The Company’s claims in the Yukon were privately assembled over three decades by prospectors Ron Berdahl and Scott Berdahl. With the closing of the transaction, Scott Berdahl, MSc, MBA, P.Geo. has joined Snowline as Chief Operating Officer to continue advancing the property portfolio.

“The team, the projects, the resources to explore—there are a lot of reasons I am excited to join Snowline,” said Scott Berdahl. “We are in a fortunate position as first movers in a truly greenfield, district-scale geological system with multiple new gold discoveries. With an extensive in-house database to build on, we are well positioned to move several targets quickly to initial drill testing in 2021. The scale and nature of the anomalies and mineralization we’ve encountered to date highlight the unique opportunity in front of us.”

Einarson Project

The Einarson project is located in the Yukon’s metal-endowed Selwyn basin which has been underexplored for gold. Einarson encompasses multiple kilometres-scale geochemical anomalies associated with thrust-faulted domal uplifts of interbedded carbonate and siliciclastic stratigraphy prospective for Carlin-type gold deposits. There are also multiple instances of structurally-controlled quartz mineralization with grab samples grading up to 34.2 g/t Au. Prospective geological units at the Einarson project are relatively flat-lying and tectonically shortened.  

Snowline benefits from the extensive work of past operators Anthill Resources and 18526 Yukon Inc. These groups secured the large Einarson mineral tenure, collected more than 25,000 soil samples and 4,500 stream sediment samples on and around the project, conducted preliminary prospecting and geological mapping and performed limited drilling. 

Primary target areas include:

  • Mars NE – an orogenic gold target with abundant mineralized quartz float boulders grading up to 25.2 g/t Au associated with zones of clay-alteration in bedrock, and a 3 kilometre zone of anomalous gold in soils to a maximum 5.3 g/t Au. 
  • Avalanche Creek – an orogenic gold occurrence discovered in September 2020 along a major fault structure. Twenty-two grab samples of a mineralized boulder train averaged 7.8 g/t Au and graded up to 34.2 g/t Au.
  • Mars – Gold mineralization in silicified structural zones with intervals of up to 0.571 g/t Au over 21.16 metres, so far only the southernmost end of a 3.5 kilometre gold in soil anomaly has been drilled. Surface channel sampling at this south end yielded an interval of 7.09 g/t Au across 5.0 metres within a broader 33.5 metres averaging 1.65 g/t Au. 
  • Misty – a 30-kilometer-long zone of consistently elevated to anomalous gold and Carlin pathfinder elements in soils corresponding to a variably faulted, doubly plunging anticlinal structure exposing carbonate stratigraphy known locally to host Carlin-type gold.
  • Odd – a pronounced 3.5-kilometer-long gold and Carlin pathfinder element soil and stream sediment anomaly corresponding to a thrust-faulted domal exposure of carbonate stratigraphy. 

The Mars NE zone will be the initial focus of exploration efforts at the Einarson project during the 2021 field season. Snowline holds a majority 70% interest in 3,016 of 3,041 claims at the Einarson project, and 100% of the additional 25 claims. The remaining non-carried 30% interest is held by Anthill Resources, a private Vancouver, BC based company.

Rogue Project

The 2,439-hectare Rogue project comprises 105 mineral claims in a 10 by 2 kilometre claim block as well as several nearby satellite blocks totalling 16 additional claims, all 100% owned by Snowline. The main block covers a 9-kilometre trend of hornfels alteration complemented by anomalous gold in rocks, soils and stream sediment samples. Along this trend are two suspected members of the Tombstone plutonic suite, the set of Cretaceous intrusions responsible for multi-million ounce reduced intrusion-related gold systems (RIRGS) such as those at Kinross’s Fort Knox mine, Alaska and Victoria Gold’s Eagle Mine, Yukon.

Although RIRGS deposits typically represent large, bulk-tonnage systems, there is early evidence for high-grade zones within both target areas. Initial surface rock grab samples collected by previous operators and by an independent qualified person contracted by Snowline for the Rogue technical report include:

  • 152.0 g/t Au; 95.3 g/t Au; 58.4 g/t Au; 44.8 g/t Au & 38.1 g/t Au at Valley.
  • 57.0 g/t Au; 20.1 g/t Au & 15.1 g/t Au at Gracie.

Aggressive follow-up exploration is planned for both targets in 2021, including geological mapping, additional soil sampling, geophysical surveying and drilling.

Not all previous work at the Einarson project and the Rogue project, nor samples from either project have been verified by the Company, and readers are cautioned not to place undue weight on such results. Highlighted samples are selected from a larger population of samples and are not indicative of the average grade of mineralization hosted on either project. See technical reports available on the Company’s website and under the Company’s profile on SEDAR, www.sedar.com, for a complete description of the results of previous sampling.

Both projects are early-stage exploration properties without established mineral resources, and no guarantee can be made at this time that economically viable mineral resources are present. As such, the projects represent a high degree of risk. 

Further Information on the Properties

Further information concerning the projects is included in the technical reports prepared in accordance with NI 43-101 that are available on the Company’s website, www.snowlinegold.com, and under the Company’s profile on SEDAR, www.sedar.com

Technical Advisors and Board

Concurrent with the closing of the transaction previously announced on February 26th, Snowline appointed Paul Matysek, Quinton Hennigh, and Craig Hart as technical advisors. Sarah Weber also joined Nikolas Matysek, Scott Berdahl, and Gunther Roehlig, as an independent member of the board of directors.

Mr. Paul Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and creator of shareholder value with over 40 years of experience in the mining industry. Since 2004 as either CEO or Executive Chairman, Mr. Matysek has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion. Currently, Mr. Matysek is the CEO and director of Gold X Mining. 

Dr. Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining companies including Homestake Mining Company, Newcrest Mining Ltd. and Newmont Mining Corp.  He has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

Dr. Hart is a world-renowned scholar on gold and copper deposits. He most recently served as Director of the Mineral Deposit Research Unit at the University of British Columbia, where he initiated industry-sponsored research projects that focused on gold and porphyry systems, regional metallogeny and development of novel exploration methods. He has published over 150 technical papers and played a key role in developing intrusion-related gold models. Previously, Craig spent 14 years with the Yukon Geological Survey, including a role as Director of Mineral Services for the Territory. He holds a PhD in Geology from the University of Western Australia.

Ms. Weber is a Professional Geoscientist with over 20 years of diversified experience in the natural resource sector including extensive experience working with Indigenous Communities and government within BC. She is President and CEO of C3 Alliance Corp. where she provides leadership in building positive relationships between industry, Chambers of Commerce, municipal governments, Provincial governments, Indigenous communities, and NGOs. Sarah holds a B.Sc. in Geology from the University of British Columbia and an Executive MBA from the Beedie School of Business, Simon Fraser University. 

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. This information comes from past exploration as summarized in the technical reports for the Einarson project and the Rogue project, available on the Company’s website and under the Company’s profile at www.sedar.com.

ON BEHALF OF THE BOARD

Nikolas Matysek
CEO & Director

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory based gold exploration company. The Company is exploring its flagship Einarson and Rogue gold projects that cover ~64,000 hectares in the prospective yet underexplored Selwyn Basin. Snowline’s projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits from Kinross’ Fort Knox to Newmont’s Coffee. Snowline’s first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

For further information, please contact:

Snowline Gold Corp.
Nikolas Matysek, CEO
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the resumption of trading of the common shares of the Company; the planned exploration programs; the potential for discovery of mineral resources; the timing for the start of drilling. 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 and uncertainties relating to timing for the resumption of trading; 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.

SKYLEDGER TECH CORP. COMPLETES ACQUISITION OF YUKON PROPERTIES AND CHANGES NAME TO SNOWLINE GOLD CORP.

Vancouver, British Columbia–(Newsfile Corp. – February 26, 2021) – Snowline Gold Corp. (CSE: SKYL) (the “Company” or “Snowline“) (formerly, Skyledger Tech Corp.) is pleased to announce that it has completed the acquisition (the “Transaction“) of the Einarson (as to 70% with the balance owned by a third party), Rogue, Tosh, Cliff, Rainbow, Cynthia and Ursa claims (the “Properties“) located in the Yukon, covering 66,528 hectares (164,394 acres). 

Pursuant to the Transaction, the Company acquired all of the issued and outstanding shares of Senoa Gold Corp. (“Senoa“) from 18526 Yukon Inc. (the “18526“) for consideration of (1) C$1,000,000 in cash, (2) aggregate deferred cash consideration of C$1,000,000, (3) 25,650,000 common shares (the “Consideration Shares“) in the capital of the Company (the “Common Shares”), and (4) a contingent C$1,000,000 resource bonus if a measured mineral resource, an indicated mineral resource or an inferred mineral resource (or any combination thereof) of at least 1,000,000 ounces of gold is established on any of the seven Properties being acquired by the Company, for an aggregate resource bonus payment in the maximum amount of C$7,000,000. The Consideration Shares are subject to the escrow policies of the Canadian Securities Exchange (the “CSE“) and will be released incrementally over a 36-month period from the date of listing on the CSE. 

“Completing the acquisition of Senoa and its seven high-quality projects in the Yukon marks the bright beginning of Snowline Gold Corp.,” said Nikolas Matysek, Chief Executive Officer of Snowline. He continued, “I am honoured to join the experienced and knowledgeable team that will make Snowline a success. With money in the bank and a comprehensive exploration database we are ready to hit the ground running. I look forward to building value for all our stakeholders as we unlock the significant untapped potential of our projects.” 

The Transaction constitutes a “fundamental change” pursuant to Policy 8 – Fundamental Changes and Changes of Business of the CSE. Concurrently with the closing of the Transaction (“Closing“), the Company changed its name to Snowline Gold Corp. Trading of the Common Shares will resume under the new name and under the new ticker symbol “SGD” as of market open on March 1, 2021. The new CUSIP is 83342V104 and the new ISIN is CA83342V1040. 

For further information regarding the Transaction and the Properties, readers are encouraged to review the CSE Form 2A – Listing Statement prepared by the Company in support of the Transaction, as well as the current technical reports on the Einarson property and the Rogue property, copies of which are available under the profile for the Company on SEDAR (www.sedar.com). 

Board of Directors and Management 

Concurrently with Closing, the board of directors of the Company was reconstituted to consist of Nikolas Matysek, Scott Berdahl, Gunther Roehlig and Sarah Weber. Nikolas Matysek has been appointed Chief Executive Officer of the Company, Scott Berdahl has been appointed Chief Operating Officer of the Company and Natasha Tsai has been appointed Chief Financial Officer and Corporate Secretary of the Company. 

Private Placements 

Prior to completion of the Transaction, the Company completed (1) a non-brokered private placement (the “Share Private Placement“) of (a) 1,334,000 Common Shares at a price of C$0.15 per Common Share for proceeds of C$200,100, and (b) 9,542,667 subscription receipts at a price of C$0.15 per subscription receipt for proceeds of C$1,431,400.05; and (2) a non-brokered private placement (the “Unit Private Placement” and together with the Share Private Placement, the “Private Placements“) of 20,602,697 subscription receipts at a price of C$0.30 per subscription receipt for gross proceeds of C$6,180,809.10. Immediately prior to Closing, each subscription receipt sold pursuant to the Share Private Placement was automatically converted into one Common Share and each subscription receipt sold pursuant to the Unit Private Placement was automatically converted into one unit (a “Unit”) and the proceeds from the Private Placements were released from escrow. Each Unit consists of one Common Share and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant“). Each Warrant entitles the holder thereof to purchase one additional Common Share at a price of C$0.50 until February 24, 2023. 

Grant of Stock Options 

Concurrently with Closing, the Company granted an aggregate of 5,450,000 stock options to certain directors, officers and consultants of the Company. Each of the stock options will be exercisable into one Common Share at a price of C$0.30 until February 25, 2026. 

Early Warning Report 

In connection with the Transaction, 18526 has acquired ownership and control of the Consideration Shares, representing approximately 29% of the issued and outstanding Common Shares. Prior to Closing, 18526 did not hold any securities of the Company. 

18526 has acquired the Consideration Shares in consideration for the Transaction and for investment purposes. 18526 may, from time to time, acquire or dispose of additional securities of the Company in the market, privately or otherwise. A copy of the early warning report filed by 18526 in connection with the Transaction can be obtained by contacting the Company and will be available under the profile for the Company on SEDAR (www.sedar.com). 

About Snowline Gold Corp. 

Snowline Gold Corp. is a Yukon Territory based gold exploration company. The Company is exploring its flagship Einarson and Rogue gold projects that cover 64,000 hectares in the prospective yet underexplored Selwyn Basin. Snowline’s projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits from Kinross’ Fort Knox to Goldcorp’s Coffee. Snowline’s first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system. 

On behalf of the Board of Directors 
Nikolas Matysek 
Chief Executive Officer 

+1 778 228 3020 | info@snowlinegold.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

This news release contains certain forward-looking statements, including statements about the resumption of trading of the Common Shares 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 and uncertainties relating to timing for the resumption of trading. 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.