Mr. Scott Berdahl reports

SNOWLINE COMPLETES C$172.6 MILLION BOUGHT DEAL PUBLIC OFFERING OF COMMON SHARES INCLUDING FULL EXERCISE OF OVER-ALLOTMENT OPTION

Snowline Gold Corp. has completed its previously announced bought deal public offering of 11,902,500 common shares of the company at a price of $14.50 per common share for aggregate gross proceeds of $172,586,250, including the exercise in full by the underwriters of their overallotment option. Existing shareholder B2Gold Corp. (Toronto Stock Exchange: BTO) (NYSE American: BTG) (NSX: B2G) participated in the offering to maintain its 9.9-per-cent interest in the company.

"The opportunity in front of us at Snowline is immense," said Scott Berdahl, chief executive officer and director of Snowline. "We are encouraged by and grateful for the strong investor support in the current financing, with participation from new and existing shareholders, including B2Gold Corp. Our strengthened treasury provides stability against a volatile market backdrop, allowing us to strategically prioritize exploration and development activities, derisking our path forward, and providing means to advance our flagship Valley gold deposit at an accelerated rate. The scale of the raise is informed by our projected costs through engineering and permitting to a potential construction decision."

The company intends to use the net proceeds from the offering to advance the company's projects in the Yukon Territory, and for general corporate purposes, as further described in the prospectus supplement (as defined below).

The offering was led by BMO Capital Markets, as sole bookrunner, and CIBC World Markets Inc., as co-lead underwriters, on behalf of a syndicate of underwriters, including Canaccord Genuity Corp., ATB Capital Markets Corp., National Bank Financial Inc., Scotia Capital Inc., Agentis Capital Markets and Desjardins Securities Inc. In connection with the offering, the underwriters were paid a cash commission equal to 4.0 per cent of the aggregate gross proceeds of the offering, other than on gross proceeds from certain subscribers on a president's list for which the underwriters were paid a cash commission equal to 2.0 per cent of such gross proceeds.

The offering was completed by way of a prospectus supplement dated Aug. 7, 2026, to the company's short form base shelf prospectus dated Nov. 7, 2025, filed with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec), and common shares were also sold by way of private placement in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

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

Valley is a large, low-strip, near surface, greater than one gram per tonne Au bulk tonnage gold system hosting an open MRE (mineral resource estimate) of 7.94 million ounces gold at 1.21 g/t Au measured and indicated (in 204.0 million tonnes) and an additional 0.89 million 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," amended and restated as of 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 news release has been prepared under supervision of and approved by Thomas Branson, MSc, PGeo, vice-president, exploration, for Snowline, as qualified person for the purposes of National Instrument 43-101.

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