Snowline GOLD Files Preliminary Economic Assessment Report FOR Its Valley GOLD Deposit, Rogue Project, Yukon
SNOWLINE GOLD FILES PRELIMINARY ECONOMIC ASSESSMENT REPORT
FOR ITS VALLEY GOLD DEPOSIT, ROGUE PROJECT, YUKON
VANCOUVER, B.C ., July 31, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (US
OTCQB: SNWGF) (the “Company” or “ Snowline”) is pleased to announce the filing on
SEDAR+ of a technical report supporting the Preliminary Economic Assessment (“PEA” ) for
its Valley gold deposit (“Valley”) on its 100% -owned Rogue Project in Canada’s Yukon
Territory (“the Technical Report”).
The PEA is a conceptual study of the potential economic viability of Valley’s mineral resources
and the first economic assessment of any kind on the broader Rogue Project . Results of the
PEA were disclosed by the Company in a June 23, 2025 news release.
The PEA1 envisions a conventional open pit mining and milling operation for Valley with a
projected 20-year LOM producing 6.8 million ounces (Moz) of payable gold with a front -
weighted production profile and attractive economic parameters. It demonstrates a C$3.37
billion post -tax net present value at a 5% discount rate (NPV5%) at US$2,150/oz Au,
increasing to C$6.80 billion at US$3,150/oz Au 2, and 544 koz annual average Au production
at all in sustaining costs (“AISC”)3 of US$569/oz4 Au for the first five (5) full years of
production. Full details of the PEA are available in the Technical Report, available under the
Company’s profile at www.sedarplus.com and available on the Company’s website
at www.snowlinegold.com .
The Rogue Project and broader infrastructure work considered by the PEA overlaps with
Traditional Territories of the First Nation of Na-Cho Nyäk Dun, the Ross River Dena Council
and Kaska Nation.
2025 FIELD PROGRAM UPDATE
The primary objective of Snowline’s 2025 field campaign is efficient, rapid advancement of
Valley to support a Pre-Feasibility Study (“PFS”) and project permitting. Work currently
underway includes geotechnical drilling (+3,000 m) and sonic drilling, engineering studies,
and expanded environmental monitoring. Complementing this is 15,000 m of exploration
drilling at Valley planned to support resource expansion and conversion.
Snowline also remains committed to regional exploration at our earlier-stage Yukon projects,
with the goal of establishing a gold district in the target-rich environment surrounding Valley.
10,000 m of first pass and follow up drilling is underway, with seven targets across the Rogue
(outside of Valley) and Einarson projects drilled to date . Extensive regional surface
exploration and geophysical surveying will complement drilling efforts while advancing the
numerous targets within Snowline’s exploration pipeline.
To date, approximately 18,500 m have been drilled this season. Initial drill results from the
2025 drill season are forthcoming.
ABOUT SNOWLINE GOLD CORP.
Figure 1. Rogue Project Regional Map
Snowline Gold Corp. is a Yukon Territory-focused gold exploration and development company
with an eight -project portfolio covering roughly 360,000 ha (3,600 km 2). The Company is
advancing its Valley 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.
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.
TECHNICAL REPORT
The Technical Report was prepared principally by S RK Consulting (Canada) Inc . as lead
consultants, along with additional independent contractors, and is titled “Independent
Preliminary Economic Assessment for the Rogue Project Yukon, Canada” dated July 30, 2025
with an effective date of March 1, 2025.
The Technical Report is available under the Company’s profile at www.sedarplus.com and
available on the Company’s website at www.snowlinegold.com .
QUALIFIED PERSONS
The following authors of the Technical Report are Qualified Persons for the purposes of NI 43-
101, and the PEA -related information in this news release has been prepared under the
supervision of and approved by them:
Bob McCarthy, P.Eng., SRK Consulting (Canada) Inc
Edward Saunders, P.Eng., SRK Consulting (Canada) Inc
Ignacio Garcia Schmidt, P.Eng., SRK Consulting (Canada) Inc
Mauricio Herrera, P.Eng., SRK Consulting (Canada) Inc
Christina James, P.Eng., SRK Consulting (Canada) Inc
Jeff Clarke, P.Geo., SRK Consulting (Canada) Inc
Adrian Dance, P.Eng., SRK Consulting (Canada) Inc
Heather Burrell, P. Geo., Archer, Cathro & Associates (1981) Limited
Steven C. Haggarty, P. Eng., Haggarty Technical Services Corp.
Daniel J. Redmond, P. Geo., D Redmond Consulting and Associates
Additional scientific and technical information in this news release not specific to the PEA has
been prepared under the supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice
President of Exploration for Snowline, as Qualified Person for the purposes of NI 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
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.
USE OF NON-GAAP MEASURES
Certain financial measures referred to in this news release are not measures recognized under
IFRS and are referred to as non -GAAP financial measures or ratios. These measures have no
standardized meaning under IFRS and may not be comparable to similar mea sures presented
by other companies. The definitions established and calculations performed by Snowline are
based on management’s reasonable judgement and are consistently applied. These measures
are intended to provide additional information and should not be considered in isolation or as
a substitute for measures prepared in accordance with IFRS.
The non-GAAP financial measures used in this news release and common to the gold mining
industry are all-in sustaining cost per ounce of gold sold and free cash flow.
All-in sustaining cost per ounce of gold sold and free cash flow are non -GAAP financial
measures or ratios and have no standardized meaning under IFRS Accounting Standards
(“IFRS”) and may not be comparable to similar measures used by other issuers. As Vall ey is
not in production, the Company does not have historical non -GAAP financial measures nor
historical comparable measures under IFRS, and therefore the foregoing prospective non -
GAAP financial measures or ratios may not be reconciled to the nearest comparable measures
under IFRS.
END NOTES
1 The PEA is preliminary in nature and includes inferred mineral resources (approximately 5%
of total mineral resources) that are considered too speculative geologically to have the
economic considerations applied to them that would enable them to be categorized as mineral
reserves. There is no certainty that the PEA will be realized. Mineral Resources are not Mineral
Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources
may be materially affected by Metal Prices, Economic Factors, Environmental, Permitting,
Legal, Title, or other relevant issues.
2 Sensitivities apply to the financial model only; pit selection, cut-off grade and processing
schedules remain based on a US$1,950/oz gold price and would likely be redesigned to
optimize for significantly higher or significantly lower gold price scenarios.
3 AISC are the sum of operating costs, off -site costs, 1% NSR payments, sustaining capital
costs and progressive reclamation costs (C$13M), divided by payable gold ounces produced.
AISC excludes closure costs and any post -closure costs. Refer to the “Non -GAAP Financial
Measures” section of this news release for more information.
4 Based on an exchange rate of 1.40 CAD per 1.00 USD.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward -looking statements and forward -looking
information (collectively, the “forward-looking statements”) within the meaning of applicable
Canadian securities legislation, concerning the business, operations and financial performance
of the Company. Forward-looking statements in this news release include, but are not limited
to, the Company’s expectations and estimates with respect to: the economic and scoping-level
parameters of the PEA and Valley; the anticipated timeline for completion of a potential PFS;
mineral resource estimates; the cost and timing of any development of Valley; the proposed
mine plan and mining methods; dilution and mining recoveries; processing method and rates;
production rates; projected metallurgical recovery rates; infrastructure requirements; energy
sources; capital, operating and sustaining cost estimates; the projected life of mine and other
expected attributes of Valley; the NPV; future metal prices; the timing of any engineering,
environmental assessment or Indigenous consultation processes; the expansion of
environmental baseline monitoring programs; future drill programs and general business and
economic conditions.
Statements relating to “mineral resources” are deemed to be forward -looking statements, as
they involve the implied assessment, based on certain estimates and assumptions , that the
mineral resources described can be profitably produced in the future. Generally, forward -
looking statements can be identified using forward -looking terminology. Wherever possible,
words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “target”, “forecast”,
“schedule”, “prospective”, “envision”, “continue”, “intend”, “assume”, “anticipate”, “believe”,
“estimate”, “budget”, “predict”, “project” 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.
All statements other than statements of historical fact may be forward -looking statements.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ ma terially from the
results discussed or implied in the forward -looking statements. Such factors include, among
other things: risks related to the inherent uncertainties regarding cost estimates; the use of non-
GAAP measures in financial performance accounting; changes in commodity and metal prices;
currency fluctuation; financing; unanticipated resource grades and recoveries; infrastructure;
results of future exploration activities; cost overruns; availability of materials and equipment;
timeliness of govern ment approvals; political risk and related economic risk; unanticipated
environmental impact on operations; 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 cons istent with
these forward-looking statements. Additionally, while the Company has attempted to identify
important factors that could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors th at cause results not to be as
anticipated, estimated or intended. 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.