Snowline Completes Acquisition of Nearby Project Portfolio
SNOWLINE COMPLETES ACQUISITION OF NEARBY PROJECT PORTFOLIO
Vancouver, B.C., October 21, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF)
(the “Company” or “ Snowline”) is pleased to announce it has completed the previously announced
acquisition of a large portfolio of Yukon Territory exploration assets from StrikePoint Gold Inc. (TSXV:
SKP), an arm’s length party, in exchange for (i) the payment of $500,000 in cash, and (ii) the issuance
of 500,000 common shares (the “Consideration Shares”) of the Company.
“The StrikePoint portfolio comprises ten gold properties in the Yukon’s Selwyn Basin, complementing
our existing portfolio and exploration efforts well ,” said Scott Berdahl, CEO & Director of Snowline.
“Most notably, the ‘Golden Oly’ project covers at least seven distinct reduced intrusion-related gold
targets. Each target is geologically similar to our ongoing Valley discovery on our Rogue Project. Based
on that success, this is ground we would have staked if it were open. Instead, we have acquired not just
the properties, but also extensive geochemical , geophysical and geological datasets which will
accelerate our exploration efforts —all for roughly the cost of staking . We will apply our growing
knowledge of reduced intrusion-related gold systems and of the Selwyn Basin to build on our track
record of discovery.”
The Consideration Shares are subject to a statutory hold period of four months and one day , expiring
on February 21, 2023 , in accordance with applicable Canadian securities laws. The Consideration
Figure 1 – Project location map for Snowline Gold’s flagship eastern Selwyn
Basin properties. Golden Oly is located south of Rogue, covering a cluster of
intrusion-related gold targets in the vicinity of the Yukon’s North Canol Road.
Shares are also subject to a contractual hold period of six months, expiring on April 20, 2023.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-project
portfolio covering > 254,000 ha. The Company is exploring its flagship > 111,000 ha Einarson and
Rogue gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project
portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines
and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle
Mine. The Company’s first -mover land position and extensive database provide a unique opportunity
for investors to be part of multiple discoveries and the creation of a new gold district.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward -looking statements, including statements related to the
similarities of the StrikePoint portfolio to the Company’s ongoing Valley discovery on its Rogue
Project, the acceleration of exploration efforts , the opportunity for investors to be part of multiple
discoveries and the creation of a new gold 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 to identify these forward -looking statements. These statements reflect management’s current
beliefs and are based on information currently available to management as at the date hereof.
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 factors 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
readers 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 actual 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.