Snowline Announces $80 Million Bought Deal Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
SNOWLINE ANNOUNCES $80 MILLION BOUGHT DEAL OFFERING
Vancouver, B.C., August 14, 2025: SNOWLINE GOLD CORP. (TSX -V: SGD) (US
OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has
entered into an agreement with Canaccord Genuity Corp. and BMO Capital Markets on behalf
of a syndicate of underwriters (collectively, the “ Underwriters”), pursuant to which the
Underwriters have agreed to purchase, on a “bought deal” basis, 8,888,900 common shares of
the Company (the “Common Shares”) at a price of $9.00 per Common Share (the “ Offering
Price”), for aggregate gross proceeds of $80,000,100 (the “Offering”).
In addition, the Company will grant the Underwriters an option to acquire up to an additional
1,333,300 Common Shares (the “ Over-Allotment Option ”) at the Offering Price for
additional gross proceeds of up to $11,999,700, exercisable in whole or in part, at any time on
or prior to the date that is 30 days following the Closing Date (as defined herein).
Scott Berdahl, CEO & Director of Snowline, comments: “This targeted raise gives us multiple
years of runway to efficiently and responsibly advance the Valley gold deposit on our Rogue
Project, while continuing with our regional exploration efforts as we look to unlock a promising
new Canadian minerals district. With a strong treasury behind us, we can focus on what matters
and work to deliver shareholder value.”
The Company intends to use the net proceeds from the Offering (and any proceeds received
from the Over-Allotment Option) to advance the Company’s projects in the Yukon Territory,
as well as for working capital and general corporate purposes.
Closing of the Offering is expected to occur on or about September 4, 2025 (the “ Closing
Date”) and is subject to certain conditions including, but not limited to, receipt of all necessary
regulatory approvals, including the approval of the T SX Venture Exchange and applicable
securities regulatory authorities.
The Common Shares will be offered by way of a short form prospectus to be filed in Alberta,
British Columbia and Ontario and may also be sold in certain offshore jurisdictions (provided
that placement in such offshore jurisdictions does not give rise to the filing of a prospectus or
registration statement or to any continuous disclosure obligations) and 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 (the “U.S. Securities Act”).
The securities referred to in this news release have not been, nor will they be, registered under
the U.S. Securities Act, and may not be offered or sold within the United States absent U.S.
registration or an applicable exemption from the U.S. registratio n requirements. This news
release does not constitute an offer for sale of securities, nor a solicitation for offers to buy any
securities in the United States, nor in any other jurisdiction in which such offer, solicitation or
sale would be unlawful. Any public offering of securities in the United States must be made by
means of a prospectus containing detailed information about the company and management, as
well as financial statements.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company
with mineral claim portfolio covering roughly 360,000 ha (3,600 km 2). The Company is
advancing its Valley gold deposit —a large, low -strip, near surface, >1 g/t Au bulk tonnage
gold system located in the eastern Yukon— while continuing regional exploration of
surrounding targets on the Rogue Project and the broader district in the highly prospective yet
underexplored Selwyn Basin.
Valley hosts an open MRE 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) 1, with a cut -off grade of 0.3 g/t Au. Results of a preliminary economic
assessment(“PEA”) of Valley suggest the potential for the deposit to support a long-life mining
operation with a strong production profile and low production costs. The MRE and PEA are
supported by the recent technical report for Rogue, prepared in accordance with NI 43- 101
standards, entitled “Independent Preliminary Economic Assessment for the Rogue Project
Yukon, Canada,” dated July 30, 2025, with an effective date of March 1, 2025 a nd 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 databas e 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 release has been prepared under supervision of and approved by Thomas
Branson, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the
purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
1 Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of m ineral
resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant
issues.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements and plans
for a new minerals district. Wherever possible, words such as “may”, “will”, “should”, “could”,
“expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the
negative or other variations of these words, or similar words or phrases, have been used t o
identify these forward -looking statements. These statements reflect management’s current
beliefs and are based on information current ly available to management as at the date hereof.
Forward-looking statements in this press release include, but are not limited to closing of the
Offering, the use of proceeds from the Offering and regulatory and TSXV approval.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from the
results discussed or implied in the forward -looking statements. Such fact ors include, among
other things: risks related to uncertainties inherent in drill results and the estimation of mineral
resources; and risks associated with executing the Company’s plans and intentions. These
factors should be considered carefully, and rea ders should not place undue reliance on the
forward-looking statements. Although the forward -looking statements contained in this news
release are based upon what management believes to be reasonable assumptions, the Company
cannot assure readers that actu al results will be consistent with these forward -looking
statements. These forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.