Mr. Scott Berdahl reports

SNOWLINE GOLD CONGRATULATES FIREWEED METALS ON STRATEGIC FUNDING AND HIGHLIGHTS INFRASTRUCTURE BENEFITS FOR REGION

Snowline Gold Corp. has congratulated Fireweed Metals Corp. on securing significant Canadian and U.S. government funding in support of its critical minerals projects at Macmillan Pass in Yukon, including funding toward regional power infrastructure and road improvements that could benefit multiple groups in the district.

"We are excited about the positive impact that this infrastructure funding could have on the broader minerals district, including Snowline's flagship assets, and we commend the Fireweed team for their effort and initiative," said Scott Berdahl, chief executive officer and a director of Snowline. "In recent years, Macmillan Pass and the surrounding Selwyn basin have demonstrated clear potential towards becoming an important foundation of the Yukon's economic future and an important contributor of responsibly sourced metals to the North American supply chain. A shared infrastructure corridor could maximize such benefits while minimizing cumulative impacts.

"And while Snowline's focus remains on our gold exploration targets and our Valley deposit, our mineral claims cover geology prospective for critical minerals, particularly for zinc and tungsten. We see additional potential for critical minerals biproducts from primary gold systems on our claims."

The funding announced by Fireweed comprises up to $35.4-million total, including funding of up to $12.9-million sourced from the government of Canada's Critical Minerals Infrastructure Fund (CMIF) that will support road and power infrastructure planning along the North Canol Road corridor. The North Canol Road is a government-maintained public road that runs from Ross River to Macmillan Pass, Yukon, roughly 75 kilometres from Snowline's Valley gold deposit.

From Fireweed's Dec. 13, 2024, release

The CMIF funding will support Fireweed's implementation of the first phase (phase I) of the North Canol infrastructure improvement project (NCIIP), which includes developing preliminary designs for approximately 250 kilometres of road improvements as well as upgrades to an existing transmission line between Faro and Ross River and the construction of a new transmission line from Ross River to Macmillan Pass. The effort also includes seeking the consent of local indigenous groups, completing necessary environmental assessment processes and facilitating multiparty project agreements necessary to advance NCIIP toward construction (phase II).

The balance of the $35.4-million funding awarded to Fireweed comes from the U.S. Department of Defense through a grant of up to $15.8-million (U.S.) (approximately $22.5-million) for the advancement of Fireweed's Mactung tungsten deposit toward a final investment decision. Further details on both funding streams are available in Fireweed's news release.

Yukon electrical grid connection

In September, 2024, the government of Yukon announced receipt of a $40-million grant, also from the government of Canada's Critical Minerals Investment Fund, to assess the feasibility of a grid connection from Yukon into the existing electrical grid in Northern British Columbia. Such a connection would link Yukon to the broader North American electrical grid, expanding available energy for Yukon while also connecting to potential demand for future Yukon-based power generation. Snowline congratulates the government of Yukon on this initiative and applauds the forward-looking commitment to responsible infrastructure development for Yukon.

About Snowline Gold Corp.

Snowline Gold is a Yukon-focused gold exploration company with an eight-project portfolio covering roughly 360,000 hectares (3,600 square kilometres). The company is exploring its flagship 111,000-hectare (1,110-square-kilometre) Rogue 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. The company's first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

Since its launch in 2021, Snowline has progressed the Rogue Project's Valley target from a greenfield prospecting discovery to a significant bulk-tonnage gold resource, with a 4.05-million-ounce-gold indicated mineral resource at 1.66 grams per tonne gold and an additional 3.26-million-ounce-gold inferred mineral resource at 1.25 grams per tonne gold within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with National Instrument 43-101 standards, entitled "Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate," written by Heather Burrell, PGeo, Daniel J. Redmond, PGeo, and Steven C. Haggarty, PEng, with an effective date of May 15, 2024.

Qualified person

Information in this release has been prepared under supervision of and approved by J. Scott Berdahl, MSc, PGeo, chief executive officer of Snowline Gold, as qualified person for the purposes of NI 43-101.

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