Mr. Scott Berdahl reports

SNOWLINE GOLD ANNOUNCES EARLY EXERCISE OF WARRANTS ADDING C$12.5 MILLION TO ITS TREASURY

Snowline Gold Corp. has received $12.5-million from the early, voluntary exercise of five million warrants. The warrants were held by Ana Maria Cox de Gubbins. Through this acquisition, Ms. Cox has expanded her position to 10.6% of the outstanding shares of the Company.

"I would like to extend my congratulations and thanks to the Snowline team for their efforts and excellent work in building significant shareholder value," said Ms. Cox. "We have had confidence in the Berdahl family's initial exploration ideas for this area since before the Valley discovery was made. The results we have seen to date only strengthen our conviction in Snowline as a company and in the potential of the ground they explore."

Added Scott Berdahl, CEO & Director of Snowline: "The ongoing support of Ms. Cox from our early exploration efforts in 2021 through to today has been a key component of Snowline's strength in a difficult capital markets landscape. We are grateful for the support and for this display of confidence through early exercise of these warrants. The funds strengthen Snowline's current treasury position to C$46.3 million, allowing us to focus on exploration and project advancement in what promises to be an exciting and potentially transformative 2024 field season."

EARLY WARNING DISCLOSURE

On March 28, 2024, Ana Maria Cox de Gubbins acquired 5,000,000 common shares of the Company (the "Common Shares") upon the exercise of common share purchase warrants (the "Warrants") at a price of C$2.50 per Warrant for an acquisition cost of C$12,500,000 (the "Acquisition"). Prior to the Acquisition, Ms. Cox owned, directly or indirectly, or exercised control or direction over, 11,120,000 Common Shares, representing approximately 7.6% of the issued and outstanding Common Shares. Immediately following the Acquisition, Ms. Cox owns, directly or indirectly, or exercises control or direction over, 16,120,000 Common Shares, representing approximately 10.6% of the issued and outstanding Common Shares. The Acquisition was made for investment purposes. In accordance with applicable securities laws, Ms. Cox may, from time to time and at any time, acquire additional securities of the Company in the open market or otherwise, and reserves the right to dispose of any or all of her securities in the open market or otherwise at any time and from time to time, the whole depending on market conditions, the business and prospects of the Company and other relevant factors. This disclosure is provided pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions in which the Company is a reporting issuer, containing information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will be available under the Company's profile on SEDAR+ at www.sedarplus.ca or may be obtained by contacting the Company at Suite 1012 - 1030 West Georgia Street, Vancouver, BC V6E 2Y3, info@snowlinegold.com, (778) 650-5485.

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's Fort Knox Mine, Northern Star's Pogo Mine, 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.

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