Snowline Gold Consolidates 100% of Its Einarson Project and Acquires Adjacent Gold Target With Historical Drill Result of 9.7 Grams per Tonne Gold Over 38.7 M

• Snowline consolidates 100% ownership of its district-scale Einarson Project, including its drill discovery of an orogenic gold system at the Jupiter target.
• Consolidation agreement also includes acquisition of adjacent, privately held gold target with historical drill results reported up to 9.67 g/t Au over 38.7 metres.
• Recent staking bolsters Snowline's Yukon land position by 22,000 ha to >360,000 ha (>3,600 km²), with expansions to its Rogue and Einarson projects.

VANCOUVER, BC / ACCESSWIRE / April 25, 2024 / SNOWLINE GOLD CORP (TSXV:SGD) (OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has entered into a purchase agreement that will result in the consolidation of 100% ownership of its Einarson Project through purchase of a privately held 30% interest in 3,003 mineral claims (~61,000 ha). Einarson includes the Company's Jupiter discovery, which saw 2021 Phase 1 drill results of 13.2 g/t Au over 6.5 metres (m), including 43.5 g/t Au over 1.3 m, and 10.4 g/t Au over 5.0 m within the same hole (see Snowline press release dated August 25, 2021) alongside other well-mineralized drill holes spanning 1.1 kilometres (km) of open strike length. Additionally, Einarson hosts multiple untested, kilometers-scale gold targets defined by prospecting and surface geochemistry. Einarson sits immediately to the north of and is contiguous with Snowline's 100% owned Rogue Project, which hosts the Company's flagship Valley discovery. In addition to the consolidation, the Company will acquire a 100% interest in the Venus target, a privately held gold target adjacent to Einarson with a reported 2012 drill intersection of 9.67 g/t Au over 38.7 m (true width unknown; results have not been directly verified by the Company).

"We are thrilled to consolidate the Einarson Project and to acquire a full 100% interest in our Jupiter discovery alongside other promising targets," said Scott Berdahl, CEO & Director of Snowline. "The quantity and scale of the gold targets identified at Einarson through regional baseline work and follow-up prospecting were a big part of our motivation for launching Snowline Gold in 2021. The targets themselves are compelling, and they indicate strong regional gold fertility across Einarson, Rogue and our surrounding projects. The results of our Phase 1 drilling at Einarson's Jupiter target underscore this potential, and we are excited to follow up on that discovery and other targets in the upcoming 2024 exploration season, which will soon be underway.