Snowline Gold Further Extends Primary Mineralization at Its Valley Discovery With Drill Results of 539.4 m of 1.2 Grams per Tonne Gold From Surface Including 151.5 m of 2.4 Grams per Tonne Gold

• Hole V-23-049 returned 539.4 m averaging 1.20 g/t Au from surface (entire length in mineralization), including 2.41 g/t Au over 151.5 m, confirming robust continuity and grade well below and east of mineralization in V-22-007
• Hole V-23-050 returned 423.3 m averaging 1.08 g/t Au from surface, including 1.45 g/t Au over 252.0 m along northeastern edge of system, demonstrating strong near-surface mineralization that remains open
• Drilling ongoing at Valley, with assays still pending for more than half of 2023 drilling to date (12,428+ m remain, from 31 holes across 5 targets).

VANCOUVER, BC / ACCESSWIRE / October 5, 2023 / SNOWLINE GOLD CORP (TSXV:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce additional analytical results from its ongoing drill program at the Valley target on its Rogue Project in Canada's Yukon Territory. All four holes, drilled into various parts of the Valley system, returned continuously mineralized intervals ranging from 82.5 (average 1.52 g/t Au) to 539.4 m (average 1.20 g/t Au) in downhole length. Initial drill results from various other targets and projects encountered anomalous gold mineralization. Analytical results for an additional 19 holes (7,862+ m) at Valley and 12 additional holes (4,397 m) on other targets are pending, with drilling ongoing.

Foto: Accesswire

_{Table 1 -Highlight summary of Snowline's latest assay results. *Interval widths reported; true widths of the system are not yet known.}

"The exceptional nature of our Rogue Project's Valley target is highlighted by the observation that holes such as V-23-049 and V-23-050, with average grades of >1 g/t Au from surface over hundreds of meters and >2 g/t Au over broad downhole distances, are proving to be commonplace and very consistent across a large geographical footprint," said Scott Berdahl, CEO & Director of Snowline. "Notably, V-23-050 returned such intervals from what was previously considered to be the northeastern edge of Valley's main near-surface mineralized zone, thus adding significant tonnage of known mineralized rock and demonstrating the open nature of the system in this direction. Even holes such as V-23-051, drilled at the southwestern edge of the Valley intrusion and into the surrounding hornfels, demonstrate a strong consistency of mineralization, with a result-again from surface-noteworthy in its own right. With our field program still active and the majority of our drill and surface results from 2023 still forthcoming, we look forward to rapid advancement of our target areas in the weeks and months ahead."