Mr. Scott Berdahl reports

SNOWLINE GOLD ANNOUNCES FULLY FUNDED 2026 PROJECT DEVELOPMENT AND EXPLORATION PROGRAMS

Snowline Gold Corp. has provided an update on activities and plans for its 2026 field season, including significant exploration, development and environmental programs designed to advance the company's flagship Rogue project, including the Valley gold deposit and to assess high-priority geological targets. Snowline's primary field camp is now open and drilling is set to commence in mid-May.

• Team mobilized for largest field program to date, focused on significant advancement of the Valley gold deposit to inform economic studies and streamlined permitting
• Two thousand twenty-six programs are fully financed, with company cash balance of approximately $100-million providing optionality to significantly accelerate activities as needed.
• Extensive regional exploration program with greater than 10,000 metres of drilling focused on high-priority regional targets and Valley expansion.
• Prefeasibility study (PFS) progressing on schedule, with targeted completion by early 2027.
• Expanded environmental and geoscience programs under way to support future regulatory assessments.
• Continued collaboration with First Nation of Na-Cho Nyak Dun and continued discussions on advanced project agreements with first nations.

"We are excited to kick off a major field season on multiple fronts," said Scott Berdahl, chief executive officer and director of Snowline. "Our primary objective remains the efficient advancement and derisking of Valley, working towards a PFS and initiating engagement on advanced permitting. Building on our exploration success is also a high priority. We will be following up on promising drill results from 2025 with a focused approach, conducting scaled-up drill programs on select high-priority targets as we work towards making additional discoveries in this emerging gold district."

2026 exploration program

A program of greater than 10,000 metres of exploratory drilling is planned for 2026, targeting near-deposit expansion of the resource at Valley and additional potential zones of high-grade gold mineralization within the Valley intrusion, as well as testing nearby prospective targets Gracie and Duke, with capacity to test additional regional targets. Drilling will be complemented by extensive regional greenfield exploration, including expanded soil sampling, prospecting and mapping, as well as ground-based induced-polarization geophysical surveying at Valley.

Valley: Planned drilling at Valley targets expansion of the resource along open edges of the system. Recent drill hole V-25-139 (534.5 metres at 0.62 g/t Au, including 42.5 m at 2.10 g/t Au) and geotechnical hole V-25-GT-007 (347.6 m at 1.00 g/t Au), among others, highlight this potential. Additional drilling will assess other areas within the Valley intrusion for potential new zones of higher-grade gold mineralization, following the discovery in 2025 of an extensive zone of low-grade mineralization along the eastern margin of the Valley intrusion.

Gracie: Gracie is a reduced-intrusion related gold system (RIRGS) target located roughly four kilometres east of Valley. Unlike Valley (also a RIRGS), where the mineralized intrusion is exposed at surface, the causative intrusion at Gracie does not daylight. The scale of alteration and anomalous gold geochemistry, the potential to host a completely intact RIRGS, and the proximity to Valley make Gracie an attractive exploration target.

2025 drill hole G-25-0102 served as an initial test of a down-dip intrusive source to gold-bearing veins previously observed on surface and in previous drilling at Gracie. The hole intersects two continuous zones of mineralization: 53.5 m averaging 0.32 g/t Au and 10.0 m averaging 0.61 g/t Au, with similar grade, scale and alteration to V-21-004, an early near-miss hole from Valley. The 2026 Gracie drill program is designed to test a large search space adjacent to this mineralization for the intrusive source of the Gracie anomaly.

Duke: Duke is an RIRGS target on the Rogue project roughly 11 km southeast of Valley. The system is centered on a 1.4 by 1.3 km multiphase intrusive complex with multiple breccia centres. Preliminary drilling of a minor breccia in DUK-25-003 returned 8.0 m averaging 1.72 grams per tonne Au (gold), including 4.0 m at 2.73 g/t Au. Planned 2026 drilling at Duke will target larger breccia units identified by mapping and prospecting, with selective outcrop grab samples of up to 8.34 g/t Au.

Intersection-crossroad trend: Late 2025 prospecting identified a new gold target, Crossroad, roughly 27 km south of Valley on the Cynthia project, hosting mineralization in granitic dikes, hydrothermal breccias and altered sedimentary rocks. Crossroad is situated along the same five-kilometre structural trend as the company's Intersection target. Selective grab samples from Crossroad returned up to 14.1 g/t Au and 3,505 g/t Ag (silver). The company will continue surface evaluation of Crossroads and this broader corridor in 2026, in addition to property-wide exploration.

2026 development program

Engineering: Snowline continues to advance the Rogue project through an integrated PFS, combining engineering, field investigations and technical studies. Work completed in 2025 and continuing through 2026 is focused on refining project design, improving confidence in key assumptions and advancing toward a well-defined development scenario. Components of the upcoming field program are intended to accelerate project engineering timelines beyond the PFS. Overall objectives are as follows:

• Advancing open pit design toward a PFS-level mine plan and supporting definition of mineral reserves;
• Engineering preliminary designs of key project components including access, TSF configuration, water management approach and overall site layout;
• Executing comprehensive field investigation programs to strengthen design inputs, focusing on infill drilling for geotechnical and hydrogeological holes, expanded metallurgical variability testing to inform process plant design and recoveries, and geochemistry to support an optimized material balance and handling strategy;
• Ensuring that mine planning and engineering at the PFS stage incorporates closure objectives;
• Generating additional data to support robust process optimization and infrastructure designs.

Environment, community and permitting: Snowline has significantly advanced its baseline environmental and geoscience programs. These initiatives directly inform PFS level project design and will support future environmental assessment for Valley, including all associated mine infrastructure. Key activities in 2026 include:

• Advancing baseline data: executing expanded environmental and geoscience programs to support future regulatory assessments;
• YESAB presubmission engagement: initiating the presubmission engagement process with the Yukon Environmental and Socio-economic Assessment Board (YESAB) in Q3 by submitting the Rogue project description;
• Strengthening indigenous partnerships: continuing to actively utilize Yukon first nation owned and partnered companies and service providers in the execution of the 2026 field program, including expanded environmental baseline programs;
• Continuing consultation: maintaining pro-active engagement with first nations regarding both long-term project planning and active baseline programs;
• MOU implementation: in collaboration with first nation of Na-Cho Nyak Dun and continued discussions on advanced project agreements with first nations.

About Snowline Gold Corp.

Snowline Gold is a Yukon Territory gold exploration and development company focused on advancing its 100-per-cent-owned Valley gold deposit on its flagship Rogue project, while unlocking district upside on its 360,000 hectares (3,600 square kilometres) mineral tenure in the highly prospective yet underexplored Selwyn basin.

Valley is a large, low-strip, near surface, greater than one g/t Au bulk tonnage gold system hosting an open MRE of 7.94 million ounces gold at 1.21 g/t Au 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) for Valley suggest the potential to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are detailed in the recent technical report for Rogue, prepared in accordance with National Instrument 43-101 standards, entitled "Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada," dated Aug. 27, 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.

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