Snowline GOLD Announces ON-Market Transaction BY B2GOLD Increasing Ownership Stake to 9.9%
SNOWLINE GOLD ANNOUNCES ON-MARKET TRANSACTION BY B2GOLD
INCREASING OWNERSHIP STAKE TO 9.9%
Vancouver, B.C. – June 6, 2023 – Snowline Gold Corp. (TSX-V: SGD) (OTC QB: SNWGF) (the
“Company” or “Snowline”) is pleased to announce that B2Gold Corp. (TSX: BTO, NYSE American:
BTG, NSX: B2G) (“B2Gold”) has increased their ownership stake in the Company to 9.90% by way
of an on-market transaction. B2Gold has also agreed to vote their common shares in accordance with
Snowline Board’s recommendations. Snowline has agreed to grant B2Gold an increase in their
right to maintain their pro rata ownership of up to 9.90% (formerly up to 5.00%) in connection with
future equity financings.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a project portfolio
covering >280,000 ha. The Company’s flagship, district-scale Rogue Project hosts the Valley discovery,
a bulk-tonnage, reduced intrusion-related gold system (RIRGS), with geological similarities to multi -
million-ounce deposits currently in production such as Kinross’s Fort Knox Mine in Alaska and Victoria
Gold’s Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a
system, present near surface across drill intersections of hundreds of metres. In addition to Valley, the
Company’s first-mover land position , extensive exploration database and active operations 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, MSc, MBA, PGeo
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 regarding the
Company having a highly prospective land portfolio boast ing district-scale, untapped greenfield
potential, the granting of certain rights to B2Gold to maintain their pro rata ownership interest in the
Company, the granting of a “vote -with-management” provi sion to Snowline, the opportunity for
investors to participate in the creation of a new gold district, and the Company’s future plans and
intentions. 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 materi ally from the results discussed or implied in the forward -looking
statements. Such factors include, among other things , 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.