Snowline Gold Expands Measured and Indicated Gold Ounces By 96% in Updated Mineral Resource Estimate at Its Valley Gold Deposit, Yukon

Published: 2025-05-16 05:46:16 ET SGD.V

Published on 05/16/2025 at 05:46

VANCOUVER - SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the 'Company' or 'Snowline') is pleased to report an updated Mineral Resource Estimate (MRE) prepared in accordance with National Instrument 43-101 -Standards of Disclosure for Mineral Projects (NI 43-101) standards for the Valley gold deposit on its 100% owned, 1,110 km 2 Rogue Project in Canada's Yukon Territory.

'The updated mineral resource estimate for the Valley gold deposit is another positive milestone as we continue to uncover the full scale of this gold system,' said Scott Berdahl, CEO & Director of Snowline. 'With just 53 km of drilling so far, we have discovered and substantially derisked a large, continuous, non-refractory gold deposit exposed at surface, in an underexplored region with multiple large greenfield gold anomalies and recent prospecting discoveries. Importantly, a considerable majority of the known system at Valley has been upgraded into Measured and Indicated categories, which can be used to inform pre-feasibility and feasibility studies. We are excited to kick off our 2025 field season in the coming days, with the goals of rapidly advancing and expanding Valley alongside continued exploration and drill testing of regional targets.

'We are also pleased to report significant progress on the Preliminary Economic Assessment for Valley, which will be based on this updated MRE. We anticipate completion and release of this study in the coming weeks.'

INITIAL MINERAL RESOURCE ESTIMATE OVERVIEW

The updated MRE for the Valley deposit is prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition ?Standards incorporated by reference in NI 43-101. The MRE contains Measured Mineral Resources of 69.7 million tonnes (Mt) at 1.41 grams per tonne gold (g/t Au) for 3.15 million ounces (Moz) gold and Indicated Mineral Resources of 134.3 Mt at 1.11 g/t Au for an additional 4.79 Moz gold, in addition to Inferred Mineral Resources of 44.5 Mt at 0.62 g/t Au for 0.89 Moz gold using a 0.3 g/t Au cut-off grade. The estimate is based on 52,736 metres (m) drill data from all 123 holes at Valley drilled to date. Work underway on a Preliminary Economic Assessment (PEA) will assess Snowline's view that Valley has strong potential to host a long-life, high-quality gold mine.

ABOUT ROGUE

Snowline Gold's 100%-owned, flagship Rogue Project, in Canada's Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.

Since its launch in 2021, Snowline has progressed the Rogue Project's Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with a combined 7.94 Moz gold Measured and Indicated mineral resource at 1.21 g/t Au and an additional 0.89 Moz Inferred mineral resource at 0.62 g/t Au within a pit-shell constraint, as outlined in this release.

Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross's Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.

The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km 2). The Company is advancing its Valley deposit-a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon-while continuing regional exploration of surrounding targets on the Rogue Project and the broader district in the highly prospective yet underexplored Selwyn Basin.

Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company's comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.

Contact:

Tel: +1 778 650 5485

Email: [email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

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

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