Mr. Scott Berdahl reports

SNOWLINE GOLD AND FIRST NATION OF NA-CHO NYÄK DUN SIGN MEMORANDUM OF UNDERSTANDING

Snowline Gold Corp. has signed a memorandum of understanding (MOU) with the First Nation of Na-Cho Nyak Dun (FNNND) in relation to FNNND's governance role on a future mine development on the Rogue project as well as Snowline's continuing exploration programs and environmental and engineering studies in the traditional territory of FNNND. The MOU was signed in Mayo, Yukon on January 17, 2026, by Scott Berdahl, chief executive officer and director of Snowline, and Chief Dawna Hope of FNNND.

Scott Berdahl, CEO and director of Snowline, commented: "We are honoured and grateful to take this step forward with the First Nation of Na-Cho Nyak Dun. This MOU reflects shared values and Snowline's commitment to environmental stewardship, operational integrity and creating economic opportunity. It provides us with a clear framework for moving forward respectfully and responsibly within FNNND traditional territory while strengthening the foundation for open and effective communication. We look forward to continuing this work together in a way that supports FNNND citizens, respects the land and helps create meaningful long-term value."

Dawna Hope, chief of FNNND, commented: "We are very excited about this MOU with Snowline, and what it embodies in terms of a new relationship with mining companies on our traditional territory. FNNND has never been opposed to mining -- our community depends on opportunities for economic development. We only want to ensure development happens in a good way, respectful of our rights and ways of living. Development needs to be sustainable, for FNNND citizens, all people who call Yukon home and for all who rely on these lands and waters. This MOU with Snowline reflects that. It respects our inherent and treaty-enshrined role as stewards of our traditional territory. We are pleased to be working together with Snowline in a good way, and we hope this sets a precedent for other operators."

FNNND council stated: "This MOU marks a significant step towards a new chapter of mining in the Yukon, in which first nations' right to govern our own traditional territories is upheld," FNNND council stated. "Further, this agreement symbolizes a path forward in which first nations and mining operators can work in collaboration toward mining activity that is mutually beneficial while still upholding first nations' rights, and the well-being of the land, water, wildlife and people."

The MOU provides for a process of continuing engagement and consultation between Snowline and FNNND. Key aspects of the MOU include:

• Requirement for FNNND's free, prior and informed consent before the construction of a mine at the Rogue project;
• Commitment to complying with the FNNND mining policy for activities on the FNNND traditional territory;
• Commitment to establish a mutually beneficial, co-operative and productive working relationship between FNNND and Snowline;
• A foundation set for future advance agreements between the parties, as set out in the FNNND mining policy;
• Commitment to direct involvement of FNNND citizens to support and inform FNNND's decision-making process on the Rogue project;
• Capacity funding provision for continued engagement with FNNND and collaboration on environmental and rights-related studies in the Rogue project region.

This inaugural agreement is based on FNNND's mining policy, which creates a framework for how FNNND intends and expects to work with Snowline in FNNND traditional territory.

About Snowline Gold Corp.

Snowline Gold is a Yukon Territory-focused gold exploration and development company advancing its Valley gold deposit -- a large, near-surface gold discovery located on its Rogue project in the southeastern eastern part of the FNNND traditional territory -- while continuing regional exploration of surrounding targets. Results of a recent preliminary economic assessment (PEA) on Valley indicate its potential to support a long-life mining operation with a strong production profile and low production costs. The PEA is supported by a recent technical report, prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects standards, available on SEDAR+ and the company's website.

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