Mr. Scott Berdahl reports

SNOWLINE GOLD CORP ANNOUNCES C$20.0 MILLION BOUGHT DEAL PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Snowline Gold Corp. has entered into an agreement, pursuant to which Cormark Securities Inc., as lead underwriter on behalf of a syndicate of underwriters, has agreed to purchase, on a bought deal private placement basis, 1,875,000 charity flow-through shares of the company at a price of $10.68 per charity FT share for gross proceeds of $20,025,000. Each charity FT share will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).

"This financing will serve to top up an already-strong treasury for Snowline, allowing for efficient use of exploration capital and providing a long runway to continue our exploration this year and next as we work to unlock a district," said Scott Berdahl, chief executive officer and director of Snowline. "At the same time, it will free up existing capital for the rapid, efficient advancement of important work on the Valley deposit, including engineering and environmental studies. We are excited to ramp up our efforts on multiple fronts as we head into the 2025 field season."

The company will use an amount equal to the gross proceeds received by the company from the sale of the charity FT shares, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures, as both terms are defined in the Income Tax Act (Canada), related to the company's projects in Yukon on or before Dec. 31, 2026, and to renounce all the qualifying expenditures in favour of the subscribers of the charity FT shares, effective Dec. 31, 2025.

The offering is expected to close on or about April 3, 2025, or such other date as the company and the underwriters may agree, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange.

About Snowline Gold Corp.

Snowline Gold is a Yukon-focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 hectares (3,600 square kilometres). The company is advancing its Valley deposit -- a large, low-strip, near-surface, greater-than-one-gram-per-tonne, bulk-tonnage gold system located in 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 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.

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