Mr. Scott Berdahl reports

SNOWLINE GOLD ANNOUNCES C$150 MILLION BOUGHT DEAL FINANCING

Snowline Gold Corp. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 10.35 million common shares, at a price of $14.50 per common share, for gross proceeds of approximately $150-million. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about Aug. 12, 2026, and is subject to Snowline receiving all necessary regulatory approvals.

The net proceeds of the offering will be used to advance the company's projects in Yukon, as well as for working capital and general corporate purposes.

The company intends to complete the offering pursuant to a prospectus supplement to the company's short form base shelf prospectus dated Nov. 7, 2025, to be filed with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec), in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable state securities laws and other jurisdictions, and in jurisdictions outside of Canada and the United States as are agreed to by the company and the underwriters on a private placement or equivalent basis.

Access to the base shelf prospectus, the prospectus supplement and any amendment to such documents is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The base shelf prospectus is, and the prospectus supplement will be (within two business days from the date hereof), accessible on SEDAR+. Delivery of the base shelf prospectus and the prospectus supplement and any amendments thereto will be satisfied in accordance with the access equals delivery provisions of applicable Canadian securities legislation. An electronic or paper copy of the prospectus supplement and the base shelf prospectus, and any amendment to such documents, may be obtained, without charge, from BMO Nesbitt Burns Inc., Brampton Distribution Centre, care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by telephone at 905-791-3151, extension 4312, or by e-mail at torbramwarehouse@datagroup.ca by providing an e0mail address or address, as applicable.

About Snowline Gold Corp.

Snowline Gold is a Yukon 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-hectare (3,600-square-kilometre) mineral tenure in the highly prospective yet underexplored Selwyn basin.

Valley is a large, low-strip, near surface, more-than-one-gram-per-tonne-gold bulk-tonnage gold system hosting an open MRE (mineral resource estimate) of 7.94 million ounces gold at 1.21 grams per tonne (g/t) gold (Au) measured and indicated (in 204.0 million tonnes) (1), and an additional 890,000 ounces gold inferred at 0.62 g/t Au (in 44.5 million tonnes) (2), 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 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 news release has been prepared under supervision of and approved by Thomas Branson, MSc, PGeo, vice-president of exploration for Snowline, as qualified person for the purposes of National Instrument 43-101.

(1) Comprising 3.15 million ounces at 1.41 g/t Au in measured and 4.79 million ounces at 1.11 g/t Au in indicated.

(2) Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title or other relevant issues.

We seek Safe Harbor.