Just another golden year for Snowline

In the world of gold exploration, a 100-meter intercept at one gram per metric ton gold is easily viewed as a major success. For Snowline Gold Corp., however, consistently surpassing this benchmark with 300-, 400- and even 500-meter intercepts – often at higher grades – is routine. As CEO Scott Berdahl put it, these results became "almost commonplace" in 2024 as Snowline's Valley deposit in Yukon continued to set new standards with each drill result reinforcing its growing track record of substantial, high-grade mineralization.

Building on an already remarkable discovery, Snowline had an eventful year in 2024, with its Valley deposit in Yukon consistently exceeding expectations.

After years of dedicated exploration and development, perhaps the peak of Snowline's 2024 achievements culminated in the release of its inaugural mineral resource estimate for Valley in June.

This estimate confirmed the deposit as one of the most richly endowed gold prospects in Yukon, establishing an indicated resource of 76 million metric tons averaging 1.66 grams per metric ton (g/t) of gold (4.05 million ounces), along with an inferred resource of 81 million metric tons at 1.25 g/t (3.26 million ounces) – an initial estimate of roughly 7.31 million ounces.

Building on this victory, the company launched its largest drilling campaign to date – a 25,000-meter effort focused on expanding Valley's mineralization and testing additional targets across its Yukon properties.

This program aimed to advance the known gold zones at Valley while uncovering new opportunities within its broader portfolio, laying the groundwork for continued progress through the latter half of 2024.

The exploration campaign quickly yielded promising results, with Snowline consistently reporting long intercepts of gold mineralization throughout the year that not only surpassed its initial resource estimate but often exceeded expectations in terms of both grade and continuity.

The first results from the 2024 campaign set a high bar, with notable intercepts that quickly ranked the third and fourth highest-ranked among all its intercepts to date; these included:

• 449.7 meters averaging 1.77 g/t gold from surface in hole V-24-071, including 169.2 meters averaging 2.89 g/t gold from surface.

• 295.3 meters averaging 2.66 g/t gold from surface in V-24-072, including 100.8 meters averaging 4.67 g/t gold from surface, with 12 meters averaging 8.38 g/t gold from 58 meters.

Yet these were not an isolated incident, as mid-year results continued to add to this impressive tally; these included:

• 471.6 meters averaging 2.38 g/t gold from surface in hole V-24-075, including 302.1 meters averaging 3.2 g/t gold from surface, with 22 meters averaging 6.48 g/t gold from a depth of 160 meters.

• 325 meters averaging 2.57 g/t gold from surface in V-24-073, including 136 meters averaging 4.84 g/t gold from surface, with 33 meters averaging 7.08 g/t gold from 55 meters.

• 435 meters averaging 1.61 g/t gold from a depth of 120 meters in hole V-24-77, including 150.5 meters averaging 2.39 g/t gold from 206.5 meters, with a subsection returning 20 meters averaging 7.62 g/t gold from 239 meters.

• 212.4 meters averaging 1.11 g/t gold from near-surface in V-24-076, including 66.9 meters averaging 2.02 g/t gold similarly from near-surface.

This also included hole V-24-078, that revealed some of the highest sustained grades seen so far at Valley – 244.9 meters averaging 4.05 g/t gold from surface, including a 101-meter subsection averaging 5.99 g/t gold.

"The breadth, consistency and grade of near-surface gold mineralization at Valley continue to impress us," said Snowline Gold CEO Scott Berdahl. "V-24-078 has set another very high bar, carrying an average grade of over four grams per tonne gold over 244.9 meters from surface, with a sustained run of 101 meters averaging six g/t gold, while holes from the southeast and northwest parts of the deposit show good near-surface continuity and grades."

Toward year-end, Snowline's deposit continued to demonstrate its quality and scale, highlighted by the following intercepts:

• 433.5 meters averaging 2.1 g/t gold from a depth of 19 meters in hole V-24-081, including 50.5 meters averaging 3.2 g/t gold from 98.5 meters.

• 273.2 meters averaging 1.31 g/t gold from surface in V-24-084, including 120.7 meters averaging 2.18 g/t gold from surface.

"It is a testament to the consistency of mineralization at Valley that results like today's have become almost commonplace," said Berdahl. "Nonetheless, they further demonstrate the strength of the system near surface, and key holes V-24-081 and V-24-084 outperform our model along the southwest margin of the deposit."

Snowline Gold Corp.

Mid-season Snowline announced the discovery of four new RIRGS potential targets within Rogue – Livia, Ramsey, Duke, and Sydney.

In addition to advancing Valley, Snowline undertook significant regional exploration across its Yukon properties throughout 2024, allocating approximately 10,000 meters of drilling to explore targets such as Jupiter on its Einarson property, Cynthia, Ursa, and other prospective zones within Rogue.

Initial drilling at Jupiter aimed to expand high-grade orogenic gold mineralization first found in 2021, revealing multiple zones that increased the target's mineralized width and depth. Similarly, soil sampling at Cynthia identified a 500-by-200-meter gold and silver anomaly in talus fines, with early results, including 0.58 g/t gold and 45 g/t silver over eight meters, suggesting potential for a new system.

Drilling at the Reid and Avalanche Creek targets also sought to define mineralization extent and test new zones, with early indications showing promise for bolstering Snowline's resource base, though assays were still pending.

Looking ahead, Snowline aims to expand the Valley deposit while systematically exploring its Yukon portfolio. With ongoing high-grade intercepts and resource expansion opportunities, Snowline is positioned for strong results in 2025.

In 2025, Snowline plans to advance Valley with infill drilling to upgrade and increase confidence in the resource estimate while also exploring its full potential.

Regional exploration will build on early promising results from targets like Jupiter and Cynthia, broadening understanding of Snowline's mineral potential.

For Snowline, 2024 was a year defined by consistency and growth, yet the company remains committed to building a substantial gold project in Canada's north.