Mr. Scott Berdahl reports

SNOWLINE GOLD ANNOUNCES PRIVATE PLACEMENT AS B2GOLD EXERCISES PARTICIPATION RIGHT

Following the offering announced on Aug. 14, 2025, existing shareholder B2Gold Corp. will maintain its 9.9-per-cent interest in Snowline Gold Corp. via a concurrent non-brokered private placement of up to 1,123,194 common shares of the company at a price of $9.00 per common share for additional gross proceeds of up to $10,108,746.

"This is further endorsement from our strategic shareholder, B2Gold, as they maintain their 9.9-per-cent stake in Snowline amidst a backdrop of robust demand," said Scott Berdahl, chief executive officer and director of Snowline. "We appreciate B2Gold's continued support and recognition of the value and growth potential of our Valley gold deposit and Yukon mineral portfolio."

The company intends to use the net proceeds from the private placement to advance the company's projects in the Yukon Territory, as well as for working capital and general corporate purposes.

The private placement is expected to close on or about Sept. 4, 2025, or such other date as agreed between the company and B2Gold, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Snowline Gold Corp.

Snowline Gold is a Yukon Territory-focused gold exploration and development company with mineral claim portfolio covering roughly 360,000 hectares (3,600 square kilometres). The company is advancing its Valley gold deposit -- a large, low-strip, near-surface, greater than one 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.

Valley hosts an open MRE of 7.94 million ounces gold at 1.21 grams per tonne Au (gold) measured and indicated (in 204.0 million tonnes) and an additional 890,000 ounces gold inferred at 0.62 g/t Au (in 44.5 million tonnes), with a cut-off grade of 0.3 g/t Au. Results of a preliminary economic assessment(PEA) of Valley suggest the potential for the deposit to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled "Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada," dated July 30, 2025, with an effective date of March 1, 2025, and available on SEDAR+ and the company's website.

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.

Qualified person

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

We seek Safe Harbor.