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• High gold recovery realized with conventional processing techniques demonstrates the non-refractory nature of gold mineralization at Valley
• Average gold recovery from non-optimized methods ranges from 87.6% (average bottle roll cyanidation) to 95.7% (average carbon-in-leach)
• Strong buffering effect and low concentrations of deleterious elements carry positive implications for environmental aspects of processing, reclamation and closure
• Results open the door to multiple future processing options for Valley mineralization.

Vancouver, B.C., June 14, 2023: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce results from initial, first-pass metallurgical testing of gold mineralization from the Valley discovery on its Rogue Project, Yukon Territory, Canada. Ten composite drill core samples representing various locations and grades within the Valley gold system were subject to bottle roll cyanidation, carbon-in-leach (CIL) and preliminary flotation amenability testing. Gold recovery from test work was favourable varying from 81% to 99% across a range of head grades, material size and metallurgical approach (Figure 1). The results demonstrate that mineralization at Valley is non-refractory and highlight the applicability of multiple processing techniques as options for further consideration.

Figure 1 – Gold recovery rates by bottle roll cyanidation (red, left axis), carbon-in-leach (blue, left axis) and non-optimized floatation (green, left axis) across 10 composite drill core samples sorted by head grade (black, labelled with grams per tonne gold, right axis). Yellow bars indicate proportion of gold in particles >0.106 mm in size (left axis), an indicator for proportion of gravity recoverable gold.

“These positive initial metallurgical results mark an important milestone in the advancement and de-risking of our Rogue Project’s Valley discovery,” said Scott Berdahl, CEO & Director of Snowline. “The gold system at Valley has already demonstrated considerable scale, consistency in strong gold grades, and a simple near-surface geometry favourable to mining. Now we can attest confidently and quantitatively to its positive metallurgical properties as well. Gold is highly recoverable by various processing methods. The mineralization is naturally buffered and low in deleterious elements. Valley is a discovery that continues to deliver above expectations. With a third drill now turning on site, this is a terrific kick-off to our 2023 field season. We are excited to continue to advance both the Valley discovery and the broader, district-scale Rogue Project with our ongoing drill and surface campaigns.”

Figure 2 – Plan map of metallurgical sample locations from the Rogue Project’s Valley target. Each composite drill core sample represents a continuous stretch of drill core from 21 m to 26 m in length. The samples covered a variety of gold grades, host rock lithology and physical location, with samples taken from across an area of roughly 200 x 300 m, and from bedrock surface to a vertical depth of roughly 260 m. All metallurgical samples represent fresh (non-oxide) mineralization.

METALLURGICAL TESTING

The Company submitted ten composite samples of drill core, approximately 10 kg each, from the Rogue Project’s Valley target to McClelland Laboratories in Sparks, Nevada for analysis. Each composite sample was taken from a contiguous interval of drill core within the Valley intrusion (Table 1), with contribution weighted by individual sample length to create a proportional representation of material along each composite interval. The spatial distribution of samples is shown in Figure 2. Specific gold extraction techniques and other parameters of the testing are outlined in the following sections.

Table 1 – Gold recoveries and acid/base accounting results from initial metallurgical testing on the Rogue Project’s Valley target. Recoveries range from 81.3% to 98.6% across all methods and demonstrate non-refractory mineralization amenable to multiple processing methods. BR = bottle roll testing, CIL = carbon-in-leach. 1.0mm and 75 µm indicate crush sizes, with 80% of material passing through a mesh of the given size. Base/Acid Ratio is the ratio of acid neutralizing potential per unit weight versus acid generating potential per unit weight. The >>1 values in this column demonstrate a strong natural buffering effect. *Drilled lengths are presented, true widths have not been determined.

Composite sample gold grades ranged from 0.98 g/t Au to 4.35 g/t Au with sulphur contents from 0.11% to 0.45%. The average sulphur content associated with >0.5 g/t Au mineralization in 2022 drilling at Valley is 0.39% S. Future metallurgical testing will include additional variability samples from any minor, localized structures within the Valley system associated with higher sulphur content.

Natural buffering of the host rock and low concentrations of deleterious elements greatly simplify process chemistry, reduce environmental risk and support viable reclamation and closure options. Together, these results should provide for a high degree of flexibility in realizing and optimizing the economic value of the Rogue Project’s Valley discovery.

The strong amenability of gold mineralization to extraction applying various conventional metallurgical and operational techniques opens the door to multiple process alternatives.

Bottle Roll Testing

Cyanidation bottle roll testing provides a qualitative indication as to the heap leachability of gold mineralization. For Valley system samples, initial testing on exploration composites considered a material size of 80% passing 1.0 mm, with gold recovery rate kinetics monitored over the course of 336 hours (2 weeks). Average gold recovery was 86.7%, with results for individual composites ranging from 81.3% to 91.8%. Rate kinetics were encouraging, with an average of 65% of recoverable gold values achieved within the first 6 hours of testing, and an average of 82% of recoverable gold within 48 hours. At the end of the two-week test, diffusion-controlled metal recoveries were still increasing, suggesting that further incremental gains in gold recovery are likely when considering prolonged leach cycle times on a leach pad at coarse crush size.

An additional set of cyanidation bottle roll tests was pursued on the same composite samples at a material size of 80% passing 75 microns. Realized gold recoveries averaged 94.1% within 48 hours, with recoveries from individual composite samples varying from 89.7% to 97.6%. Gold extraction rate kinetics were rapid with 90% of recoverable gold values extracted within the first 6 hours supporting the applicability of either Grind-CIP or Grind-CIL process alternatives.

Cyanidation and Carbon Adsorption

Cyanidation and carbon adsorption could potentially play a role on the project with either heap leaching and a Carbon-in-Column circuit for the adsorption of gold from heap solution, or in conjunction with Grinding followed by a conventional cyanidation and Carbon-In-Leach circuit (CIL) or a Carbon-In-Pulp circuit (CIP).

CIL bottle rolls at 80% passing 75 microns averaged 95.7% over a 48-hour period, with individual composite samples varying from 93.8% to 98.6% Au recovery.

The implementation of a grinding circuit could also be followed by gravity concentration with flotation of remaining values to a rougher concentrate, and high intensity cyanidation of the concentrate, followed by a Carbon-In-Pulp circuit (CIP). These processes are all conventional, using well defined technology that is widely applied across the industry.

Flotation

Flotation conditions were selected to define the expected deportment of gold values along with sulfide mineralization. In addition, the recovery of free native gold and gold alloys was pursued applying specific precious metal promoter-collectors.

Test results were very favorable realizing 93.2% to 97.7% Au recovery (average 95.4% Au recovery) to a rougher concentrate at an average 15% mass pull along with 70-90% recovery of sulfides present.

A low weight percentage rougher concentrate enables regrinding and the pursuit of additional flotation cleaner stages to produce a final concentrate for off-site processing, or alternatively, for fine grinding and on-site cyanidation of the concentrate to achieve consistently high gold recoveries.

Gravity

Metallic fire screen assays at 100 microns indicated an average 13.3% content of gravity recoverable gold, with individual composite results ranging from 0.2% to 37.2%. The sample with the highest proportion of gravity recoverable gold, V-22-005 from 281.5 m to 307.0 m downhole, showed strong total recoveries by all other metallurgical methods as well.

Environmental Aspects

Acid/base accounting of the composite samples establishes potential acid generating sulphide content relative to the neutralizing potential of carbonates present in the rock. The composite samples from Valley showed a strong buffering effect, with 38 to 190 times (average 102 times) the amount of neutralizing potential compared to acid generating potential applying the modified Sobek methodology for ABA accounting. Specific values for acid generating potential (in units of tons CaCO₃ equivalents per 1000 tons of solids) ranged from <0.3 to 0.9, compared to neutralizing potential (also in units of tons CaCO₃ equivalents per 1000 tons of solids) ranging from 17.5 to 57.5. Valley Zone mineralized material has been demonstrated to be naturally and strongly buffered, greatly reducing the potential for acid mine drainage, and expanding the scope of viable possibilities for effective processing, reclamation and closure.

Figure 3 – Reflected light micrograph of abundant gold grains in V-22-007 at 269.8 m downhole. Gold occurs primarily in its native form, as fine grains along grain boundaries near small clusters of sulphides minerals in quartz veins. Scale bar (bottom right) shows 100 microns, or 0.1 mm. Py=Pyrite (FeS₂), Cpy=Chalcopyrite (CuFeS₂), Gn=Galena (PbS), Hed=Hedleyite (Bi₇Te₃), Lil=Lillianite (Pb₃Bi₂S₆).

Oxidation State

Metallurgical testing on the Rogue Project’s Valley target focused on “fresh,” or non-oxidized, zones. Owing to the geologically recent glaciation of the Rogue Project area, the Valley gold system does not appear to have any significant oxidized zones. Mineralization observed in drill core to date is generally fresh rock below a few metres from bedrock surface. Similar to other RIRGS systems, such as Kinross’s Fort Knox Mine in Alaska, the high proportion of native gold at Valley and the nature of its distribution allow for effective recovery of gold from fresh rock by various means (Figure 3). At Fort Knox specifically, this has allowed the operators to mine and profitably extract gold primarily from fresh rock using mineral reserve cut-off grades of 0.1 g/t Au (source: Fort Knox Mine NI 43-101 Technical Report effective June 11, 2018).

Next Steps

Material from 2023 metallurgical testing has been sent for analysis of gold deportment within the mineralized rock. The characterization of gold grain size distribution and mineralogical associations will help to optimize gold recovery processes and to confirm and improve the understanding of metallurgical performance while supporting metal recovery modeling.

Additional metallurgical test work contemplated by the Company would expand the existing knowledge base to include lab-scale heap leach columns at various crush sizes, CN bottle rolls, Grind-CIL testing, as well as flotation-cyanidation testing to thoroughly investigate applicable process alternatives and associated performance.

EXPLORATION UPDATE

A third drill has commenced operation on the Rogue Project’s Valley discovery, and the 15,000+ m drill program at Rogue is ongoing. To date, 1,927 m have been drilled so far on the Valley target in 2023, with 3 holes completed and an additional 3 holes in progress. Initial drill core samples have been submitted for analysis. Analytical results for all holes drilled in 2023 are still pending.

ABOUT ROGUE

The Valley Zone on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as 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.

Figure 4 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The current work program at Rogue is based from the Company’s Forks Camp.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha 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 land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding future mineral processing options, closure and reclamation plans, future metallurgical testwork, 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 stakes an additional ~40,000 hectares on its Rogue Project, securing nearly all remaining open mineral tenure over the regional geological feature hosting the Valley discovery and other gold targets
• Additional staking on surrounding Cynthia, Einarson and Ursa projects further consolidates Company position in broader Selwyn Basin gold district, increasing overall Yukon Territory land position by 20% to roughly 333,900 hectares
• Drilling ongoing at Valley, with second drill active and 106 instances of visible gold observed in top 337 m of V-23-034 accompanied by high quartz vein densities.
  

Vancouver, B.C., June 9, 2023: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has staked substantially all remaining open ground over the Rogue Plutonic Complex, the broad geological feature responsible for gold mineralization at the Rogue Project’s Valley discovery and other nearby reduced intrusion-related gold system (RIRGS) targets. This staking expands Snowline’s 100% owned Rogue Project by roughly 80% to 94,397 hectares (944 km²) and consolidates the 60×30 km geological feature for systematic, comprehensive exploration. Additional strategic and targeted staking on the Company’s surrounding Cynthia, Einarson and Ursa projects brings its total Yukon Territory mineral tenure holdings to 333,900 hectares (~3,339 km²). The increased land position solidifies Snowline’s competitive advantage in an emerging gold district host to multiple gold discoveries and mineralization styles.

Figure 1 – The Rogue Plutonic Complex (red), showing Snowline Gold’s newly staked claims (yellow squares) against the Company’s pre-existing Rogue Project (medium blue). The new staking consolidates the regional plutonic complex into a contiguous project.

“We know from our 2022 drill results at Valley that the Rogue Plutonic Complex has the necessary geological ingredients to produce a significant gold system,” said Scott Berdahl, CEO and director of Snowline Gold. “The Valley discovery highlights the geological potential of the rest of this regional-scale geological feature, where limited historical work and our own efforts have produced an abundance of intriguing results, anomalies and discoveries. We have actively built, progressively and systematically, not just a first-mover position but effectively an ‘only-mover’ position in a fertile area that we believe has the potential to become a new gold district. We can now comprehensively and responsibly explore this area, focusing not only on advancing our existing targets but on making additional discoveries as well.”

In addition to staking, the Snowline technical team has been compiling and digitizing historical work from various campaigns in the Rogue project area carried out in the late 1960s, early 1980s and mid-1990s, adding it to the Company’s extensive database from the work done in and around the project area in the early 2010s and recently by the Company itself.

AREAS OF INTEREST

Roughly 21% of the 2,530 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 deal 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% net smelter return (NSR) and are incorporated into existing buy-down provisions which allow Snowline to reduce NSR to 1% on a project-by-project basis. 18526 Yukon Inc. is a privately held project generation company that is owned 40% by Snowline’s CEO and Director Scott Berdahl. The remaining 79% of newly staked claims have no underlying royalties.

EXPLORATION UPDATE

V-23-034

Drill hole V-23-034 encountered moderate to high quartz vein densities in granodiorite throughout the length of the 425 m hole, with 106 observations of trace visible gold distributed within quartz veins in the top 337 m of the hole. It is collared roughly 100 m to the north of V-22-007 (410.0 m @ 1.89 g/t Au from surface including 146.0 m @ 3.24 g/t Au, see Snowline news release dated November 15, 2022), 80 m southeast of V-22-029 (558.7 m @ 1.26 g/t Au from surface including 202.0 m @ 2.04 g/t Au, see Snowline news release dated February 24, 2023), and 200 m to the northeast of V-22-010 (318.8 m @ 2.55 g/t Au including 108.0 m @ 4.14 g/t Au from surface, see Snowline news release dated October 12, 2022). At least three distinct vein orientations have been recognized, with gold mineralization present in all three. Quartz vein densities and frequency of observation of visible gold within the top 337 m are comparable to those seen in these earlier highlight holes. The final 40 m of the hole, from roughly 385 to 425 downhole, had high quartz vein densities but no visible gold and a lower abundance of bismuth and tellurium indicator minerals. Assays are pending for this hole.

The first drill rig has moved and commenced drilling on V-23-036.

Figure 2 – Drilling to date at the Rogue Project’s Valley Zone, showing assays received to date (top) and vein densities alongside instances of visible gold observed during logging (bottom). High quartz vein densities and abundant trace visible gold in V-23-034 indicate strong continuity and width to the near-surface mineralized corridor that has carried the highest grades and largest intersections seen in previous holes. Analytical results for this zone consistently carry unusually high grades for a reduced intrusion-related gold system.

Figure 3 – Quartz vein mineralization in V-23-034, from 158.7 to 194.5 m downhole, a subset of a much larger run of similar moderate to high quartz vein density beginning at bedrock surface (Figure 2). At least three generations of sheeted quartz veins are accompanied by abundant trace instances visible gold, denoted by orange flagging tape above the NQ2-sized (5.1 cm diameter) drill core.

Second Rig & V-23-035

A second rig has commenced drilling on the Rogue Project’s Valley target. At the time of writing, 168 m of core from V-23-035, Snowline’s second drill hole of 2023, have been received by the core shack and logging has begun. The hole thus far has seen continuous vein densities of 5-7 veins per metre in granodiorite, with 16 instances of visible gold observed throughout this length.

Figure 4 – Updated project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus.

ABOUT ROGUE

The Valley Zone on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as 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 an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha 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 land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

Information in this release has been prepared and approved by Thomas Branson, P. Geo., Vice President of Exploration for Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding mineralization intensity based on visual observations of drill core, the comparison of vein intensity and visible gold mineralization in V-23-034 to previous highlight holes, 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.

Vancouver, B.C. – June 6, 2023 – Snowline Gold Corp. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”) has increased their ownership stake in the Company to 9.90% by way of an on-market transaction. B2Gold has also agreed to vote their common shares in accordance with the Snowline Board’s recommendations. Snowline has agreed to grant B2Gold an increase in their right to maintain their pro rata ownership of up to 9.90% (formerly up to 5.00%) in connection with future equity financings.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a project portfolio covering >280,000 ha. The Company’s flagship, district-scale Rogue Project hosts the Valley discovery, a bulk-tonnage, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as 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. In addition to Valley, the Company’s first-mover land position, extensive exploration database and active operations provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the Company having a highly prospective land portfolio boasting district-scale, untapped greenfield potential, the granting of certain rights to B2Gold to maintain their pro rata ownership interest in the Company, the granting of a “vote-with-management” provision to Snowline, the opportunity for investors to participate in 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 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 purchases 92 long-held mineral claims (roughly 1,920 ha) constituting 10 targeted claim blocks within and adjacent to its Rogue Project
• Claims include historical drill intersection of 2.1 g/t Au over 96.0 m from within poly-phase granodiorite “Reid” intrusion 8 km east of Snowline’s Valley discovery, and on trend with the Gracie target
• Additional targets with promising historical drill and surface sampling results throughout acquired portfolio solidify Snowline’s position in the district and highlight broader potential of the Rogue Plutonic Complex.

Vancouver, B.C., June 1, 2023: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce purchase from two arm’s-length entities of a mineral property portfolio comprising 92 claims in the vicinity of its Rogue Project in the Yukon Territory, Canada. Historical work on these claims suggests the presence of multiple reduced-intrusion related gold systems (RIRGS) within the Rogue Plutonic Complex, the geological system which hosts Snowline’s Valley discovery. A historical diamond drill intersection at the “Reid” target roughly 8 km east of Valley and 4 km east of Gracie reported 2.1 g/t Au over 96.0 m within 234.7 m of 0.94 g/t Au, including high-grade intersections of 76.9 g/t Au and 26.7 g/t Au over 1.5 m each, within a granodiorite stock with similarities to the Valley intrusion. These results have not been verified by the Company, but descriptions of geology and mineralization intersected by this drilling, including visible gold in sheeted quartz veins and the poly-phase nature of the intrusion, are consistent with observations made in drilling at Valley, demonstrating the potential for regional gold fertility.

Table 1 – Historical diamond drill highlights reported in 1996 from the Reid target. These results have not been directly verified by the Company but are believed to be generally indicative of the potential for gold endowment at the target, particularly given anomalous gold in nearby talus fines sampled by the Company and given the demonstrated fertility of the Valley intrusion 8 km to the west of Reid. *Drilled widths reported, true widths not determined.

“This acquisition is a significant step in the transition of Snowline’s Rogue Project from a discovery to a district,” said Scott Berdahl, CEO & Director of Snowline. “We are excited to explore the Reid target as a part of our 2023 drill campaign at Rogue. The historical results from the 1996 drilling provide strong additional evidence of the gold potential of the Reid intrusion and of the many other intrusion-related gold targets on our Rogue Project outside of our Valley discovery. This claim package covers a first-mover land position based on early exploration efforts in the area. Alongside the strongly anomalous gold values from regional stream sediment geochemistry samples draining many parts of the Rogue Plutonic Complex, these historical results were a key draw in attracting our initial attention to Rogue. The Valley discovery has since shown that the necessary components are present at Rogue to produce substantial bulk-tonnage gold systems with unusually high grades for the RIRGS deposit type. We are thrilled to bring this collection of targets into the fold, and to give our shareholders much more exposure to the unique exploration potential of the Yukon’s newest gold district.”

Figure 1 – The Rogue Plutonic Complex (red), showing Snowline Gold’s newly acquired claims (yellow squares) against the Company’s pre-existing Rogue Project (medium blue). Highlight historical samples noted herein have not been verified by the Company, but they provide evidence for the general gold endowment of the broader Rogue Project area. Grab samples are selective in nature and don’t necessarily represent bulk tonnage grades. Not shown are 30 “WEAS” claims, covering an intrusion some 26 km to the south (Figure 3).

On behalf of the vendors of the claims, Anthony Beruschi added: “Congratulations to the Snowline team on their wonderful gold discovery at the Rogue project, where skill and hard work have led to exploration success.  In my view the Yukon is the best place in the world for explorers. I consider it a privilege to add our mineral claims, with their excellent historical drill results, to Snowline’s impressive land package. I look forward to the realization of this opportunity with so many benefits for the Yukon and its people.”

REID

The newly acquired Reid claims cover an exposed reduced intrusion adjacent to an open, 1 x 1 km gold-in-soil-and-talus-fine anomaly delineated by Snowline through surface sampling (Figure 2). Consistent with the surface geochemical anomalies at the Rogue Project’s adjacent Valley and Gracie targets, the Reid anomaly is complemented by anomalous bismuth and tellurium values that correlate well with anomalous gold values. Follow up mapping by Snowline personnel confirmed earlier observations of sheeted quartz veins near the margin of the intrusion, oriented parallel to mineralized veins present at Valley and Gracie. Sixteen grab samples of quartz vein material from across an open, 450 x 600 m area within the anomaly ranged in grade from 0.2 g/t Au to 8.0 g/t Au.

Figure 2 – Plan map of the Reid and Gracie targets, with historical drill collar sites from drilling at Reid (sky blue) and Snowline’s 2022 Phase I drilling at Gracie (red). AS-96-03 is collared downslope from AS-96-02, and thus the holes do not significantly overlap one another.  While the historical drill results have not been verified by the Company, the scale of the associated soil and talus fine anomaly sampled by Snowline and the extent of mineralization observed during subsequent mapping provide additional evidence for a significant reduced intrusion-relation gold system at Reid.

Immediately south of the 1×1 km anomaly, the Reid intrusion is a 1-kilometer scale granodiorite body responsible for local hornfels alteration on the eastern end of a roughly 9 km trend of similar alteration that extends from the Rogue Project’s Valley discovery in the west and includes the Gracie target in between (Figure 1), suggesting potential for a corridor of related intrusions with demonstrated gold fertility.

Historical surface sampling and drilling demonstrate the presence of gold mineralization associated with the Reid intrusion, particularly along its northern margin. Three diamond drill holes totalling 1,253 m were drilled in 1996. Samples from holes AS-96-01 and AS-96-02 returned anomalous but likely subeconomic gold grades, whereas hole AS-96-03 reported a 234.7 m interval of sheeted veins within the intrusion averaging 0.94 g/t Au, including 96.0 m at 2.09 g/t Au. These intervals are influenced by two 1.5 m intersections averaging 76.9 g/t Au and 26.7 g/t Au respectively (Table 1). They nonetheless demonstrate potential for the presence of fertile reduced intrusion-related gold system at Reid, particularly in the context of the nearby Valley discovery.

Historical descriptions of the Reid drill core parallel observations made in drilling the Rogue Project’s Valley discovery. Notably, multiple phases of intrusion are described – at Valley, multiple phases of the intrusion characterize the strongest zone of mineralization found to date. Also, at Reid, reported observations of visible gold in AS-96-03 are associated with bismuthinite in quartz veins. At Valley and Gracie, bismuth and tellurium minerals (including bismuthinite) in quartz are key indicators for the presence of gold, and this is a fingerprint of the RIRGS deposit model.

The Company is currently planning for a 3-hole, Phase I drill program at Reid, totalling roughly 1,000 m.

CUJO

The Cujo target covers an elongate, 1 x 2 km intrusion at the west end of the Rogue Plutonic Complex (Figure 1). A historical drill program of 6 holes (total metres unknown) is reported to have been conducted in 1996 near the eastern edge of the intrusion, with an interval of 1.0 g/t Au over 13.6 m (true width unknown) referenced in subsequent reports. The Company has not been able to locate the original report describing this drilling, but the interval is reported in the Yukon Geological Survey’s 1996 Yukon Exploration and Geology (YEG) annual report. Fieldwork by Snowline personnel in the vicinity of the claims yielded a grab sample of 63.8 g/t Au from hornfels metasedimentary rocks associated with the intrusion.

WEAS

The 30-claim (627 ha) WEAS property is located south of the Rogue Plutonic Complex, midway between Snowline’s Cynthia and Olympus projects (Figure 3). Historical work on the property reported gold-bearing sheeted quartz veins within an exposed, 3 km by 2 km intrusion. Drilling in 1996 (5 holes, 1,280 m) is reported in the same 1996 YEG report to have intersected 1.0 g/t Au across 21 m (true width unknown) associated with the sheeted veins, along with surface grab samples of up to 20.1 g/t Au. The property is central to a larger claim block owned indirectly by HighGold Mining Inc., which currently in the process of spinning out those claims into a new company, Onyx Gold Corp.

The Company cautions that none of the historical results, including drill results, on the newly acquired claims have been verified. Assay methods and sampling techniques are not disclosed in the historical reports, and in the case of drilling on the Cujo and WEAS targets, the Company has only been able to locate indirect references to the results, but no primary source. Historical results discussed herein are presented more generally as an indication of the regional potential of the Rogue Plutonic Complex to host additional reduced intrusion-related gold systems.

Figure 3 – The WEAS claims shown in the context of surrounding mineral properties. Highlight historical samples noted herein have not been verified by the Company, but they provide evidence for the general gold endowment of the claims. Grab samples are selective in nature and don’t necessarily represent bulk tonnage grades.

ACQUISITION TERMS

The Company has entered into an agreement with arm’s length parties RST Klondike Discoveries Ltd. and Whistler Minerals Corp. (together, the “Vendors”), whereby the Company has acquired 92 mineral claims in exchange for (i) the payment of $1,000,000 in cash (the “Cash Consideration”) and (ii) the issuance of 200,000 warrants (the “Warrant Consideration”), each for purchase of a single common share of the Company at a price of $3.50 for a period of two years (the “Acquisition”). The Warrants are subject to a hold period of four months and one day from the closing of the Acquisition, in accordance with applicable Canadian securities laws, expiring on October 1, 2023. The Vendors will retain a 1.0% NSR on the claims and will be entitled to up to two bonus payments of $1M each if a measured or indicated mineral resource of >1 million ounces of gold is disclosed in compliance with NI 43-101 standards on certain claims.

ABOUT ROGUE

The Valley Zone on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as 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 an eight-project portfolio covering >280,000 ha. The Company is exploring its flagship >111,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the potential to participate in multiple future discoveries, newly acquired areas having elevated potential to host gold deposits, 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.

• Phase III drilling underway at the Rogue Project’s Valley Zone, Snowline’s flagship near-surface, bulk tonnage gold discovery in the heart of its district-scale land position
• Visible gold observed in 10 of first 14 core boxes (representing roughly 65 m) received from Valley’s first drill hole of 2023
• Upwards of 18,000 metres drilling planned across at least five targets using four drills, providing potential for significant new drill discoveries along with delineation, de-risking and possible expansion of Snowline’s Valley zone.

Vancouver, B.C., May 31, 2023: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced its 2023 exploration and drilling program. Drill crews and geological staff recently mobilized to the Company’s 50-person Forks Camp, which supports its Rogue, Einarson, Ursa and Cynthia projects. Phase III diamond drilling is underway at the Valley Zone on Snowline’s flagship Rogue Project to expand and advance the target towards an initial mineral resource estimate. Additional drilling and extensive surface work is planned across the Rogue Project and Snowline’s broader project portfolio.

Figure 1 – The first delivery of core from the rigs in 2023, from hole V-23-34 on the Rogue Project’s Valley target, in Snowline’s newly-expanded core shack. Visible gold was observed within sheeted quartz veins in 10 of the 14 boxes during preliminary logging, along with intrusive breccia textures and at least 3 generations of quartz vein at moderate overall densities. Orange flagging tape marks the locations of visible gold, with the first encountered at 12 m downhole.

“Following a transformative year in 2022, we are excited to be back in the field with a larger and more advanced 2023 exploration campaign,” said Thomas Branson, Snowline’s Vice President of Exploration. “Our team has done fantastic work in getting us off to an early start. This season will see us pursue two key objectives: 1) to further advance the Rogue Project’s Valley discovery through efficient de-risking and delineation, as the scale, grade and consistency of our 2022 results from Valley rank highly among near-surface, bulk tonnage gold deposits and discoveries drilled anywhere in the world last year; and 2) to make additional drill discoveries at Rogue and on our broader project portfolio. We see Valley not only as an exceptional discovery, but also as a strong proof-of-concept for the geological potential of our district-scale and still largely unexplored land position.”

Figure 2 – Location map of V-23-034 in the context of the Valley discovery, with results shown from previous drilling in 2021 and 2022 (highlight intervals labelled in black and in red). The hole is the first in a 10,000+ drill program planned for the discovery in 2023.

2023 EXPLORATION CAMPAIGN

Rogue Project

Approximately 15,000 m of the 18,000+ m of diamond drilling budgeted for 2023 is planned for the Rogue project, using the three drill rigs currently on site. Of this drilling, 10,000 m will target Valley, while the additional 5,000 m will be used for a Phase II program at Gracie and for Phase I drilling of additional targets. This work will be complemented by an extensive program of stream sediment, soil and rock sampling along with prospecting and geological mapping to follow up on various unexplained geochemical anomalies throughout the project, with the goal of generating additional new targets with potential for grade and scale. A project-level aerial ZTEM survey totalling roughly 3,000 line-km is planned, and it may be complemented by additional magnetic or other geophysical surveying specific to individual targets. Additional details of the Rogue exploration campaign can be found in the Company’s May 2 News Release.

Other Snowline Properties

Outside of Rogue, the Company is planning Phase I drill programs on three or more additional projects using a fourth drill, following up on historical prospecting results and regional work done by the Company over the past two field seasons. Following initial surface-based field programs commencing in June, drilling is expected to commence in mid July. Potential targets for this drilling include:

• Tosh Project, Southwestern Yukon: Untested orogenic gold targets associated with 1 and 2 km gold-in-soil anomalies, widespread alteration, and prospecting grab samples from below detection up to 6.8 g/t Au and up to 1.1 kg/t Ag.

• Cliff Project, Southwestern Yukon: Untested orogenic gold target associated with a 1,600 m by 300 m gold-in-soil-and-talus-fine anomaly with values averaging 0.179 ppm (g/t) Au; up to 3.1 g/t Au in talus fines.

• Rainbow Project, Central Yukon: Untested reduced intrusion-related gold system (RIRGS) target associated with a 1 km scale gold-bismuth-tellurium gold-in-soil-and-talus-fine anomaly along the edge of a 2-3 km magnetic anomaly.

• Olympus Project (formerly Golden Oly): Untested and partially tested RIRGS and porphyry targets associated with significant geochemical anomalies, acquired by Snowline in September 2022.

Figure 3 – Project location map for Snowline Gold’s Yukon property portfolio. Different colours represent Snowline’s various properties, organized by location and target type. The flagship Rogue Project is the site of the Company’s 2021 and 2022 drill discoveries at Valley.

The proportion and total amount of drilling planned for each target, along with certain other planned surface activities, are rough working guides and are adaptable based on drill results and other observations or factors throughout the season.

ABOUT ROGUE

The Valley Zone on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as 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 an eight-project portfolio covering >280,000 ha. The Company is exploring its flagship >111,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding upcoming drilling and operational plans, delineation and de-risking of the Valley discovery, the potential for the Company to make additional 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.

Vancouver, B.C., May 5, 2023: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to congratulate Dr. Craig Hart, Snowline’s Chair, for his receipt of the 2023 J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). The J.C. Sproule Award is presented annually to an individual or team “in recognition of eminent achievement or distinguished contributions to the exploration and development of Canada’s mineral resources in the northern regions.” The award was presented on May 3 at the CIM Convention in Montreal, Canada.

“On behalf of Snowline’s team and our board, I would like to congratulate Craig on this recognition of the significant contributions he has made to mineral exploration, both here in the Yukon and beyond,” said Scott Berdahl, Snowline’s CEO & Director. “Our thanks are due as well—prior to the creation of Snowline, Craig’s (then third party) research into reduced intrusion-related gold systems was a direct driving factor in the identification and early progression of the Rogue Project. Since Snowline’s launch, his input at the board level and his mentorship of our technical team have proven invaluable to our corporate growth and our exploration successes. We are fortunate to have Craig in our corner and thrilled to see this broader recognition of the strong positive impact he has had on our industry.”

Dr. Hart was a founding member of the Yukon Geological Survey (YGS), where he worked on regional mapping projects and characterized numerous mineral occurrences and discoveries across the Yukon. While at the YGS, he developed the reduced intrusion-related gold system (RIRGS) deposit model that characterizes mineral deposits such as Kinross’ “Fort Knox” in Alaska, Victoria Gold’s “Eagle” in the Yukon, and most recently Snowline’s “Valley,” also in the Yukon. After his work at the YGS, as a senior research fellow at the University of Western Australia and as the Director of the University of British Columbia’s Mineral Deposit Research Unit, Dr. Hart researched and oversaw research efforts on a wide range of deposit styles and geological settings on six continents, alongside collaborators from both industry and academia.

Dr. Hart holds a PhD in Geology from the University of Western Australia, an MSc in Geology from the University of British Columbia, and a BSc in Geology from McMaster University. Long before his involvement in RIRGS systems, coincidentally, Hart completed his undergraduate honours thesis project mapping what is now Snowline Gold’s “Old Cabin” target on the Rogue Project.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >280,000 ha. The Company is exploring its flagship >137,000 ha Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the potential 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 has initiated process to list on the TSX-V to offer enhanced value for existing shareholders by raising the company’s profile and to provide greater exposure to domestic and global markets
• C$14.2M exploration program is planned for Rogue in 2023, with the dual objectives of advancing the Valley discovery and making additional drill discoveries on high-priority intrusion-related gold targets
• Snowline will complete an updated NI 43-101 technical report on its Rogue project in Yukon, Canada within 120 days of listing as part of the listing process
• This news release contains a summary of material results and work completed since the latest NI 43-101 technical document in December 2020.

Vancouver, B.C., May 2, 2023: SNOWLINE GOLD CORP. (CSE: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce approval to list on the TSX Venture Exchange (the “TSX-V”) following satisfaction of regulatory requirements. The common shares of the Company will be de-listed from the Canadian Securities Exchange at the close on Wednesday, May 3^rd and commence trading on the TSX-V under the symbol SGD at the open on Thursday, May 4^th. The move is set to improve Company visibility to domestic and international capital markets, providing a means of expanding its investor base and further realising the value of the gold discoveries within Snowline’s Yukon Territory property portfolio.

“We are looking forward to working with the TSX-V and a broader community of potential investors as our company continues to grow,” said Matt Roma, Snowline’s CFO. “In addition, we would like to thank the Canadian Securities Exchange for providing a superb foundation for our efficient launch along with the market platform that allowed us to make Snowline what it is today.”

As part of the TSX-V listing requirements, Snowline will complete an updated NI 43-101 technical report on its Rogue project in the Yukon, Canada within 120 days of listing. The most recent technical report on the property (Effective date: December 10, 2020) was written prior to the creation of Snowline through a reverse takeover arrangement that secured ownership of Rogue and other Yukon properties. Since commencement of trading on the Canadian Securities Exchange as SGD on March 1, 2021, Snowline has significantly grown and advanced Rogue on the back of a major gold discovery, which will be detailed in the updated technical report. Later in this release, Snowline provides a summary of relevant activities completed to date.

ROGUE PROJECT – 2023 EXPLORATION PLANS AND BUDGET

Snowline is preparing for a 15,000+ metre drill program for the 2023 field season at Rogue. Three drills are currently winterized at Valley zone on the Rogue property. The company plans to initiate drilling near the end of May and to have all three drills turning by early June. Approximately 10,000+ metres will be allocated to a Phase III drill program advancing the geological understanding of Valley and further delineating the at-surface, high-grade (1 g/t Au to > 4 g/t Au) zone encountered in the 2022 drill campaign, while testing, where practical, for potential extensions of the high-grade gold system at depth. Another 2,000+ metres are allocated to a Phase II drill program at Gracie, with the goals of locating the Gracie intrusion and consistent gold mineralization within it. The remaining 3,000+ metres of drilling are allocated to Phase I drill programs at targets Snowline deems to have strong geological merit to host strong zones of mineralization. Reduced-intrusion related gold systems often occur in clusters, and the Company has identified multiple targets of this type in the vicinity of Valley. The drilling amounts above may be subject to refinement based on exploration results as the season progresses.

Regional stream sediment and extensive soil sampling will be initiated in early June to assess targets acquired through property expansions since inception. This early start will provide time during the field season for follow-up and potential Phase I drilling on areas with promising results.

Large-scale and target-scale geophysical programs are also proposed for the 2023 field season, building on Snowline and historical datasets that have proven useful in highlighting alteration, structures and intrusive bodies in exploration at Rogue to date.

Ongoing environmental baseline studies at Valley and on the broader Rogue project will continue and will be complemented by progressive reclamation of work sites.

The planned allocation of funds for the 2023 exploration program at Rogue is as follows:

Additional work, including Phase I drilling, is planned on other Snowline projects outside of Rogue during the 2023 season. Details will be outlined in a future release.

WORK COMPLETED AT ROGUE SINCE MOST RECENT NI 43-101 TECHNICAL DOCUMENT

“What we have accomplished as a team in two short field seasons at Rogue is nothing short of remarkable,” said Thomas Branson, Snowline’s Vice President of Exploration. “Through Snowline’s brand of principled, values-driven exploration, we advanced a set of prospecting discoveries and a regional conceptual model to the drill discovery and partial delineation of a significant greenfields gold discovery. We will continue to add to our understanding of Rogue’s Valley discovery and the broader Rogue project with the dual goals of expanding on our known discoveries at Rogue and making additional discoveries. As the 2023 field season approaches, we are gearing up for an active and exciting year with at least three drills turning and plenty of boots on the ground.”

Staking

• Significantly increased the physical footprint of our 100%-owned Rogue Project in 2021 and 2022 from 121 claims covering about 2,439 ha to 2,547 claims covering approximately 52,396 ha, a >2,100% increase in project size since Snowline’s inception.

 2021 Field Season

• Drilling of four diamond drill holes for 804 m at Valley, resulting in the drill discovery of the Valley reduced intrusion related gold system (RIRGS) with downhole intersections including 1.25 g/t Au over 168.7 m (V-21-003; see Snowline news release dated February 10, 2022) near the edge of a newly recognized, kilometer-scale Fort Knox-style intrusion
• Application for and receipt of Class 1 and Class 3 Quartz Mining Land Use permits for Rogue and surrounding projects
• Collection of high-resolution drone magnetic survey data, with a total of 410.9 line-km covering an area of 10.4 km^2.over the Valley intrusion which delineated the Valley intrusion and identified crosscutting, northwest-trending structures that may play a role in the distribution of gold mineralization
• Collection of 1,523 soil samples primarily at the Valley and Gracie zones, with a 5.1 km gold (Au)-in-soil anomaly with coincident bismuth (Bi)-tellurium (Te) anomalism at Gracie (Snowline news release dated April 7, 2022), as well as anomalous Au-Bi-Te geochemistry results from above the Valley intrusion, which helped guide drilling efforts in both 2021 and 2022
• Geological mapping and collection of 174 rock samples primarily at Valley
• Collection of Unmanned Aerial Vehicle (UAV) photogrammetry over the Valley, Gracie and Old Cabin areas for geological mapping and desktop studies.

2022 Field Season

• Drilling of 32 diamond drill holes for 13,320 m, with 11,868 m in 27 holes at Valley and 2,152 m in 5 holes at Gracie
• Construction of 50-person Forks Camp to support exploration activities on Rogue, Einarson and additional nearby prospects
• Extension of Forks airstrip to 1,000 m in length following amendment of Class 3 Quartz Mining Land Use Permit
• Collection of 136 rock samples across the Rogue project
• Collection of UAV photogrammetry over the Old Cabin and LM targets to provide high resolution (cm-scale) base maps for geological mapping and desktop studies
• Airborne magnetics and radiometric surveys conducted over Valley-Gracie-LM (809 line km), Old Cabin (769 line km) and Ramsey (738 line km) for a total of 2,316 line km over an area of 208.1 km² providing insights on the distribution of hornfels alteration caused by intrusive bodies
• Collection of 357 soil samples
• Geological mapping at Gracie, LM, Old Cabin and Ramsey zones on the Rogue Property
• Commencement of environmental survey work at Valley including monthly water quality monitoring, hydrology, pre-disturbance botanical inventories and wildlife surveying, providing a baseline of knowledge for future advanced stage permitting
• Mineral studies through 51 petrographic sections and selected SEM mineralogical characterization
• Initiation of metallurgical test work.

Table 1 highlights drill assay results from 36 holes (31 at Valley, 5 at Gracie) completed by Snowline during the 2021 and 2022 field seasons at the Rogue Project, Yukon. Results are considered preliminary, with full updates, including the use of metallic screen analyses (the optimum method when visible gold is present), where analysed, available in the technical report. The results are not expected to materially change. Many of the drill holes targeted and intersected a wide, through-going and deep corridor of sheeted quartz vein Au-Bi-Te mineralization within the Valley intrusion. Unusually high gold grades for an RIRGS were intersected from surface, such as 2.55 g/t Au over 318.8 m including 4.14 g/t Au over 108 m in V-22-010 (see Snowline news release dated October 12, 2022). These intersections exhibit a high degree of gold grade continuity within and between holes.

Figure 1 – 2021 and 2022 drilling at the Valley Zone, showing drill hole locations relative to the intrusion and preliminary analytical results. Drilling to date has revealed the presence of a large zone within the broader Valley intrusion with high densities of gold-bearing quartz veins. Initial analytical results for this zone consistently carry unusually high grades for a reduced intrusion-related gold system.

Table 1 (part 1 of 2) – Preliminary highlight summary of Snowline’s latest assay results. From/To widths are rounded, so Interval widths reported exhibit higher accuracy. *Downhole Interval widths are reported since true widths of the system are not definitively known.

Table 1 (part 2 of 2) – Preliminary highlight summary of Snowline’s latest assay results. From/To widths are rounded, so Interval widths reported exhibit higher accuracy. *Downhole Interval widths are reported since true widths of the system are not definitively known.

ABOUT ROGUE

Rogue’s Valley Zone 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 significant 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.

Figure 2 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. To date, Snowline has only drilled three targets out of more than 30 identified by the Company across its district-scale exploration portfolio.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >280,000 ha. The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

The technical information in this news release has been reviewed by Jean Pautler, 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 expected date on which the Company’s common shares will be listed on the TSX-V, the Company’s past results 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.

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

Vancouver, B.C. – March 28, 2023 – Snowline Gold Corp. (CSE: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has completed its non-brokered private placement of 3,941,048 flow-through common shares of the Company (the “FT Shares”) at a price of C$4.862 per FT Share for aggregate gross proceeds of C$19,161,375.38 (the “Offering”) and strategic investment by B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”) announced on March 14, 2023.

The Offering was structured as a charity donation arrangement pursuant to which B2Gold acquired 3,941,048 common shares of the Company. The common shares purchased by B2Gold, combined with 3,000,000 common shares of the Company recently acquired by B2Gold on the open market, represent a total position of approximately 5.0% of the issued and outstanding common shares of the Company upon completion of the Offering. Concurrently with the closing of the Offering, the Company and B2Gold entered into an investor rights agreement pursuant to which B2Gold has been granted a right to maintain its pro rata interest in the Company in connection with future equity financings.

The gross proceeds from the issue and sale of the FT Shares will be used to support advancement of exploration on the Company’s Yukon Territory mineral properties, which will qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2023.

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 July 29, 2023.

No finder’s fees have been nor will be paid in connection with the Offering.

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 >280,000 ha. The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the granting of a right to B2Gold to maintain its pro rata interest in the Company, the anticipated use of proceeds from the Offering and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant 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.

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

Vancouver, B.C. – March 14, 2023 – Snowline Gold Corp. (CSE: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”) has agreed to complete a strategic investment into the Company. B2Gold will be the purchaser of common shares of the Company on the back end of an initial non-brokered flow-through private placement arranged by Snowline. Pursuant to the initial non-brokered private placement, up to 3,941,048 flow-through common shares of the Company (the “FT Shares”) will be issued at a price of C$4.862 per FT Share for aggregate gross proceeds to the Company of up to C$19,161,375 (the “Offering”).

“We are excited to welcome B2Gold as a growth-focused, long-term, value-driven investor,” said Scott Berdahl, CEO & Director of Snowline. “B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable mining and employee safety. Their interest in Snowline is a sound endorsement of the company we are building along with the quality and geological potential of our assets.”

Clive Johnson, President & CEO of B2Gold added, “We’d like to commend the Snowline Exploration and Management teams for their strong exploration work conducted thus far across their large mineral tenure in the Selwyn Basin. Their highly prospective land portfolio boasts district-scale, untapped greenfield potential, and we believe their Valley Discovery to be one of the more significant discoveries in Canada in recent history. We have great respect for what Snowline has achieved and look forward to following the progress of their exceptional team moving forward.”

The gross proceeds from the issue and sale of the FT Shares will be used to support advancement of exploration on the Company’s Yukon Territory mineral properties, which will qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2023.

The common shares to be purchased by B2Gold on the back end of the private placement, combined with 3,000,000 common shares of the Company recently acquired by B2Gold on the open market, will represent a total position of approximately 5.0% of the issued and outstanding common shares of the Company upon completion of the Offering. B2Gold will be granted a right to maintain their pro rata ownership of up to 5.0% in connection with future equity financings as well as following the exercise of convertible securities of the Company.

It is expected that the closing of the Offering will occur on or about March 28, 2023, and closing is subject to the satisfaction of certain conditions, including receipt of acceptance of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities laws.

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

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-project portfolio covering >280,000 ha. The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering, the Company having a highly prospective land portfolio boasting district-scale, untapped greenfield potential, and B2Gold’s belief that the Company’s Valley Discovery is one of the more significant discoveries in Canada in recent history, the granting of certain rights to B2Gold to maintain their pro rata ownership interest in the Company, the expected timing for closing of the Offering and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things, risks associated with executing the Company’s plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

• Hole V-22-030 returned 1.06 g/t Au over 161.0 m within broader 282.5 m mineralized interval averaging 0.73 g/t Au, adding width to southeast extension of near-surface, well mineralized corridor at Valley
• Hole ends in mineralization, with final 66.0 m of hole averaging 1.46 g/t Au and final 21.0 m averaging 1.93 g/t Au
• Localized gold intersections at Gracie target (4 km east of Valley) confirm a second reduced-intrusion gold system to be targeted in phase 2 drilling in 2023.

Vancouver, B.C., March 7, 2023: SNOWLINE GOLD CORP. (CSE: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce additional preliminary assay results from its 2022 drilling programs at its Rogue Project in Canada’s Yukon Territory. Hole V-22-030, drilled on the southeastern margin of Valley’s central mineralized zone, returned 1.06 g/t Au over 161.0 m before ending in strong mineralization (Tables 1 and 2). The result adds scale and tonnage to the southeastern side of this near-surface, well mineralized zone. In addition, results from phase 1 drilling at the Gracie confirm the existence of a second reduced intrusion-related gold system, with a high correlation between gold, bismuth and tellurium values in sheeted quartz veins. Phase 1 results will be used to guide a targeted phase 2 drill program at Gracie in 2023.

“Today’s results continue to highlight and build on the prospectivity of our Rogue Project,” said Scott Berdahl, CEO & Director of Snowline. “A single season of drilling has transformed our Valley Zone from an interesting exploration target to a pre-resource gold project noteworthy on a global scale, redefining the deposit model far beyond what are traditionally low grade, heap-leach systems. The consistency of strong grades and the size of Valley make it easy to understand, translating to lower exploration costs required for delineation, and in the future, lower costs for any potential economic operation. Our results from Gracie demonstrate that Valley is not a one-off—Snowline’s Rogue Project is prospective for multiple gold systems of this scale and intensity. We are excited to resume exploration in 2023 with the dual goals of further advancing Valley and locating additional gold systems just like it.”

HOLE V-22-030

Hole V-22-030 was collared within the Valley intrusion, to the east of the known near-surface well-mineralized corridor. The hole was a 301 m step-back along section to the northeast from the collar site for V-22-026 (289.7 m @ 0.90 g/t Au including 189.2 m @ 1.25 g/t Au from surface, see Snowline news release dated January 18, 2023), and located 126 m from the nearest hole (V-22-027).

The hole encountered increasingly abundant sheeted quartz veins and trace visible gold as it progressed, returning 1.06 g/t Au over its final 161.0 m from 246.0 m downhole within a broader interval averaging 0.73 g/t Au over 282.5 m from 124.5 m downhole (Tables 1 and 2). The hole was terminated for technical reasons and ended in mineralization. The final 66.0 m  averaged 1.46 g/t Au, while the final 21.0 m averaged 1.93 g/t Au.

As with previous holes at Valley, gold grades are carried across broad intervals, and they are not heavily affected by local high-grade (>10 g/t Au) intersections (Table 2).

GRACIE

Gracie is a separate reduced-intrusion related gold system (RIRGS) located roughly 4-5 km east of the Valley discovery. Unlike Valley, where the mineralized intrusion is exposed on surface, the causative intrusion at Gracie does not daylight. This presents an attractive exploration target, as the highest gold grades in RIRGS systems are commonly found near the top of a given intrusion. Thus, at Gracie, the strongest part of the gold system is likely to be intact.

Phase 1 drilling at Gracie successfully confirms the presence of a RIRGS. Of the five holes drilled in 2022 (2,152 m total), four intersected zones of high-temperature alteration known as hornfels, indicative of a nearby intrusion. Each of these four holes also encountered trace instances of visible gold associated with bismuth and tellurium minerals in sheeted quartz veins oriented parallel to those at Valley, albeit at low overall vein densities. Geochemical correlations at Gracie in phase 1 drilling are further diagnostic confirmation of RIRGS mineralization. G-22-004, for example, returned 19.45 g/t Au over 0.9 m downhole width, with strong bismuth and tellurium values (378 ppm and 43.1 ppm respectively) and very low arsenic (3.92 ppm), suggesting proximity to a heat source.

Phase 2 drilling is planned at Gracie for 2023, with the objective of intersecting arrays of high-density sheeted quartz vein mineralization within the Gracie intrusion. Multi-element analytical results from the phase 1 program will be used alongside mineralogical observations to identify possible vectors towards the Gracie intrusion.

QA/QC

On receipt from the drill site, Valley’s NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline’s 2022 field camp. Sample lengths as small as 0.5 m were used to isolate features of interest, 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) collected for analysis and one half stored as a record. Standard reference materials, blanks and duplicate samples were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor and by Snowline personnel to ALS Laboratories’ preparatory facility in Whitehorse, Yukon. Sample preparation was completed at different facilities in Whitehorse, Sudbury, ON, Thunder Bay, ON and Langley, BC with analyses completed in Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. Samples were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 48-element analysis on 0.25 g sample pulps (ALS code: ME-MS61L). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (ALS code: Au-AA23). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (ALS code: Au-GRA21).

Samples with visible gold and other samples returning >2.0 g/t Au by fire assay, along with a set of randomly selected samples, will undergo further processing, analysing the screen rejects to determine whether the screening process could introduce a sampling bias in current results by excluding coarse gold from analysis, resulting in an under-reporting of true grades. Other biases are also possible.

Results reported herein are considered preliminary following receipt of a low but expected percentage of abnormal assays from standard and blank samples inserted by the Company into the Valley sample stream. (Standard samples are prepared by a third-party laboratory to have known quantities of gold, and blank samples are known to contain very limited concentrations of gold.) Reanalysis of samples run along with these reference materials will provide greater certainty in the final assay numbers. These results will be reported if a material difference is identified between the current assays and the re-run sample batches. Based on the widespread and relatively consistent mineralization throughout mineralized zones, however, the Company does not believe that the re-analysis of this relatively small number of samples will have a significant impact on the preliminary mineralized intervals reported herein.

ABOUT ROGUE

Rogue’s Valley Zone 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 intersections of hundreds of metres. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays along the margins of and within 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 significant 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 >280,000 ha. The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

QUALIFIED PERSON

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

ON BEHALF OF THE BOARD

Scott Berdahl
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company’s 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.