Mr. Scott Berdahl reports

SNOWLINE GOLD FILES UPDATED TECHNICAL REPORT FOR THE ROGUE GOLD PROJECT, YUKON

Snowline Gold Corp. has filed on SEDAR+ an independent technical report entitled "NI 43-101 Technical Report on the Rogue Gold Project, Yukon Canada, Mayo Mining District" and dated June 13, 2023, with an effective date of May 15, 2023. The technical report was prepared by Jean Pautler, PGeo, a consulting geologist.

The purpose of the technical report is to support scientific and technical information that relates to the company's Rogue project. There are no material differences in the technical report from the information disclosed in the company's May 2, 2023, news release. The technical report is available under the company's profile on SEDAR+ and on its website.

About Rogue

The Valley target on Snowline's flagship Rogue project is a newly discovered, bulk-tonnage-style, reduced intrusion-related gold system (RIRGS), with geological similarities to multimillion-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 over a wide area. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometre-scale, mid-Cretaceous-aged Mayo-suite intrusion. Valley is an early-stage exploration target 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 is a Yukon Territory-focused gold exploration company with an eight-project portfolio covering greater than 333,000 hectares. The company is exploring its flagship greater-than-94,000-hectare Rogue gold project in the highly prospective yet underexplored Selwyn basin. Snowline's project portfolio sits within the prolific Tintina gold province, host to multiple million-ounce-plus gold mines and deposits, including Kinross's Fort Knox mine, Newmont's Coffee deposit and Victoria Gold's Eagle mine. The company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Qualified person

Information in this release has been prepared under supervision of and approved by Thomas K. Branson, MSc, PGeo, vice-president of exploration for Snowline Gold, as qualified person for the purposes of National Instrument 43-101.

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