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Snowline GOLD Reports Positive Results from Initial Metallurgical Testing of Rogue Project’S Valley Discovery with GOLD Recoveries from 88% to 96%

Metallurgy & Processing

SNOWLINE GOLD REPORTS POSITIVE RESULTS FROM INITIAL METALLURGICAL

TESTING OF ROGUE PROJECT’S VALLEY DISCOVERY WITH GOLD RECOVERIES

FROM 88% TO 96%

• High gold recovery realized with conventional processing techniques demonstrates

the non-refractory nature of gold mineralization at Valley

• Average gold recovery from non-optimized methods ranges from 87.6% (average

bottle roll cyanidation) to 95.7% (average carbon-in-leach)

• Strong buffering effect and low concentrations of deleterious elements carry positive

implications for environmental aspects of processing, reclamation and closure

• Results open the door to multiple future processing options for Valley mineralization.

Vancouver, B.C., June 14, 2023: SNOWLINE GOLD CORP. ( TSX-V: SGD) (OTCQB:

SNWGF) (the “Company” or “Snowline”) is pleased to announce results from initial, first-

pass metallurgical testing of gold mineralization from the Valley discovery on its Rogue Project,

Yukon Territory, Canada. Ten composite drill core samples representing various locations and

grades within the Valley gold system were subject to bottle roll cyanidation, carbon -in-leach

(CIL) and preliminary flotation amenability testing. Gold recovery from test work was

favourable varying from 81% to 99% across a range of head grades, material size and

metallurgical approach (Figure 1). The results demonstrate that mineralization at Valley is non-

refractory and highlight the applicability of multiple processing techniques as options for

further consideration.

Figure 1 – Gold recovery rates by bottle roll cyanidation (red, left axis), carbon-in-leach (blue, left axis) and non-optimized floatation

(green, left axis) across 10 composite drill core samples sorted by head grade (black, labelled with grams per tonne gold , right axis).

Yellow bars indicate proportion of gold in particles >0.106 mm in size (left axis), an indicator for proportion of gravity recoverable gold.

“These positive initial metallurgical results mark an important milestone in the advancement

and de-risking of our Rogue Project’s Valley discovery,” said Scott Berdahl, CEO & Director

of Snowline. “ The gold system at Valley has already demonstrated considerable scale,

consistency in strong gold grades, and a simple near-surface geometry favourable to mining.

Now we can attest confidently and quantitatively to its positive metallurgical properties as well.

Gold is highly recoverable by various processing methods . The mineralization is naturally

buffered and low in deleterious elements. Valley is a discovery that continues to deliver above

expectations. With a third drill now turning on site, this is a terrific kick -off to our 2023 field

season. We are excited to continue to advance both the Valley discovery and the broader ,

district-scale Rogue Project with our ongoing drill and surface campaigns.”

METALLURGICAL TESTING

The Company submitted ten composite samples of drill core, approximately 10 kg each, from

the Rogue Project’s Valley target to McClelland Laboratories in Sparks, Nevada for analysis.

Each composite sample was taken from a contiguous interval of drill core within the Valley

intrusion (Table 1) , with contribution weighted by individual sample length to create a

proportional representation of material along each composite interval. The spatial distribution

of samples is shown in Figure 2. Specific gold extraction techniques and other parameters of

the testing are outlined in the following sections.

Figure 2 – Plan map of metallurgical sample locations from the Rogue Project’s Valley target. Each c omposite drill core sample

represents a continuous stretch of drill core from 21 m to 26 m in length. The samples covered a variety of gold grades, host rock

lithology and physical location, with samples taken from across an area of roughly 200 x 300 m, and from bedrock surface to a verti cal

depth of roughly 260 m. All metallurgical samples represent fresh (non-oxide) mineralization.

Composite sample gold grades ranged from 0.98 g/t Au to 4.35 g/t Au with sulphur contents

from 0.11% to 0.45%. The average sulphur content associated with >0.5 g/t Au mineralization

in 2022 drilling at Valley is 0.39% S. Future metallurgical testing will include additional

variability samples from any minor, localized structures within the Valley system associated

with higher sulphur content.

Natural buffering of the host rock and low concentrations of deleterious elements greatly

simplify process chemistry, reduce environmental risk and support viable reclamation and

closure options. Together, these results should provide for a high degree of flexibility in

realizing and optimizing the economic value of the Rogue Project’s Valley discovery.

The strong amenability of gold mineralization to extraction applying various conventional

metallurgical and operational techniques opens the door to multiple process alternatives.

Bottle Roll Testing

Cyanidation bottle roll test ing provides a qualitative indication as to the heap leachability of

gold mineralization. For Valley system samples , initial testing on exploration composites

considered a material size of 80% passing 1.0 mm, with gold recovery rate kinetics monitored

over the course of 336 hours ( 2 weeks). Average gold recovery was 86.7%, with results for

individual composites ranging from 81.3% to 91.8%. Rate kinetics were encouraging, with an

average of 65% of recoverable gold values achieved within the first 6 hours of testing, and an

average of 82% of recoverable gold within 48 hours. At the end of the two-week test, diffusion-

controlled metal recoveries were still increasing, suggesting that further incremental gains in

Table 1 – Gold recoveries and acid/base accounting results from initial metallurgical testing on the Rogue Project’s Valley target. Recoveries

range from 81.3% to 98.6% across all methods and demonstrate non -refractory mineralization amenable to multiple processing methods. BR

= bottle roll testing, CIL = carbon -in-leach. 1.0mm and 75 µm indicate crush sizes, with 80% of material passi ng through a mesh of the given

size. Base/Acid Ratio is the ratio of acid neutralizing potential per unit weight versus acid generating potential per unit weight. The >>1 values

in this column demonstrate a strong natural buffering effect. *Drilled lengths are presented, true widths have not been determined.

From To Width*

BR 1.0 mm

336 hours

BR 75 µm

48 hours

CIL 75 µm

48 hours

Flotation

75 µm

V-22-005 141.0 164.0 23.0 0.98 0.44 38.0 88.2 89.7 95.3 94.3

V-22-007 193.5 218.0 24.5 1.15 0.25 92.0 81.3 94.8 94.4 93.2

V-22-015 275.0 301.0 26.0 1.53 0.45 128.0 88.8 96.1 93.8 96.9

V-22-033 123.5 145.5 22.0 1.53 0.21 136.0 89.7 92.6 94.3 94.1

V-22-014 68.1 89.6 21.5 1.81 0.40 49.3 85.5 92.9 98.6 95.2

V-22-007 56.0 77.0 21.0 2.25 0.16 136.0 87.5 95.8 95.8 96.7

V-22-005 281.5 307.0 25.5 2.37 0.27 86.0 91.8 94.2 97.9 97.7

V-22-007 135.5 157.0 21.5 3.28 0.11 56.0 85.0 97.6 96.4 97.5

V-22-010 6.0 29.2 23.2 3.28 0.29 >187.5 87.9 93.6 94.8 93.8

V-22-010 60.5 85.0 24.5 4.35 0.40 108.0 90.3 93.6 95.9 94.9

Averages 23.3 2.3 0.3 >101.7 87.6 94.1 95.7 95.4

Gold Recovery (%)

Base/Acid

RatioDrillhole ID

Interval* (m) Sulphur

(%)

Grade

(Au g/t)

gold recovery are likely when considering prolonged leach cycle times on a leach pad at coarse

crush size.

An additional set of cyanidation bottle roll tests was pursued on the same composite samples

at a material size of 80% passing 75 microns. Realized gold recoveries averaged 94.1% within

48 hours, with recoveries from individual composite samples varying from 89.7% to 97.6%.

Gold extraction rate kinetics were rapid with 90% of recoverable gold values extracted within

the first 6 hours supporting the app licability of either Grind -CIP or Grind -CIL process

alternatives.

Cyanidation and Carbon Adsorption

Cyanidation and carbon adsorption could potentially play a role on the project with either heap

leaching and a Carbon-in-Column circuit for the adsorption o f gold from heap solution, or in

conjunction with Grinding followed by a conventional cyanidation and Carbon -In-Leach

circuit (CIL) or a Carbon-In-Pulp circuit (CIP).

CIL bottle rolls at 80% passing 75 microns averaged 95.7% over a 48 -hour period, with

individual composite samples varying from 93.8% to 98.6% Au recovery.

The implementation of a grinding circuit could also be followed by gravity concentration with

flotation of remaining values to a rougher concentrate, and high intensity cyanidation of the

concentrate, followed by a Carbon-In-Pulp circuit (CIP). These processes are all conventional,

using well defined technology that is widely applied across the industry.

Flotation

Flotation conditions were selected to define the expected deportment of gold values along with

sulfide mineralization. In addition, the recovery of free native gold and gold alloys was pursued

applying specific precious metal promoter-collectors.

Test results were very favorable realizing 93.2% to 97.7% Au recovery (average 95.4% Au

recovery) to a rougher concentrate at an average 15% mass pull along with 70 -90% recovery

of sulfides present.

A low weight percentage rougher concentrate enables regrinding and the pursuit of additional

flotation cleaner stages to produce a final concentrate for off -site processing, or alternatively,

for fine grinding and on -site cyanidation of the concentrate to achieve consistently high gold

recoveries.

Gravity

Metallic fire screen assays at 100 microns indicated an average 13.3% content of gravity

recoverable gold, with individual composite results ranging from 0.2% to 37.2%. The sample

with the highest proportion of gravity recoverable gold, V -22-005 from 281.5 m to 307.0 m

downhole, showed strong total recoveries by all other metallurgical methods as well.

Environmental Aspects

Acid/base accounting of the composite samples establishes potential acid generating sulphide

content relative to the neutralizing potential of carbonates present in the rock. The composite

samples from Valley showed a strong buffering effect, with 38 to 190 times (average 102 times)

the amount of neut ralizing potential compared to acid generating potential applying the

modified Sobek methodology for ABA accounting. Specific values for acid generating

potential (in units of tons CaCO3 equivalents per 1000 tons of solids) ranged from <0.3 to 0.9,

compared to neutralizing potential (also in units of tons CaCO 3 equivalents per 1000 tons of

solids) ranging from 17.5 to 57.5. Valley Zone mineralized material has been demonstrated to

be naturally and strongly buffered, greatly reducing the potential for acid m ine drainage, and

expanding the scope of viable possibilities for effective processing, reclamation and closure.

Oxidation State

Metallurgical testing on the Rogue Project’s Valley target focused on “fresh,” or non-oxidized,

zones. Owing to the geologically recent glaciation of the Rogue Project area, the Valley gold

system does not appear to have any significant oxidized zones. Mineralization observed in drill

core to date is generally fresh rock below a few metres from bedrock surface. Similar to other

Figure 3 – Reflected light micrograph of abundant gold grains in V-22-007 at 269.8 m downhole. Gold occurs primarily in its native form,

as fine grains along grain boundaries near small clusters of sulphides minerals in quartz veins. Scale bar (bottom right) shows 100 microns,

or 0.1 mm. Py=Pyrite (FeS2), Cpy=Chalcopyrite (CuFeS2), Gn=Galena (PbS), Hed=Hedleyite (Bi7Te3), Lil=Lillianite (Pb3Bi2S6).

RIRGS systems, such as Kinross’s Fort Knox Mine in Alaska, the high proportion of native

gold at Valley and the nature of its distribution allow for effective recovery of gold from fresh

rock by various means (Figure 3). At Fort Knox specifically, this has allowed the operators to

mine and profitably extract gold primarily from fresh rock using mineral reserve cut-off grades

of 0.1 g/t Au (source: Fort Knox Mine NI 43-101 Technical Report effective June 11, 2018).

Next Steps

Material from 2023 metallurgical testing has been sent for analysis of gold deportment within

the mineralized rock. The characterization of gold grain size distribution and mineralogical

associations will help to optimize gold recovery processes and to confirm and improve the

understanding of metallurgical performance while supporting metal recovery modeling.

Additional metallurgical test work contemplated by the Company would expand the existing

knowledge base to include lab-scale heap leach columns at various crush sizes, CN bottle rolls,

Grind-CIL testing, as well as flotation-cyanidation testing to thoroughly investigate applicable

process alternatives and associated performance.

EXPLORATION UPDATE

A third drill has commenced operation on the Rogue Project’s Valley discovery, and the

15,000+ m drill program at Rogue is ongoing. To date, 1,927 m have been drilled so far on the

Valley target in 2023, with 3 holes completed and an additional 3 holes in progress. Initial drill

core samples have been submitted for analysis. Analytical results for all holes drilled in 2023

are still pending.

ABOUT ROGUE

The Valley Zone on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage

style, 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. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz

vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-

series intrusion. Valley is an early -stage exploration project without a resource estimate, and

while initial results are encouraging, the presence or absence of an economically v iable

orebody cannot be determined until additional work is completed.

The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold

anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known

to occur in clusters. The Rogue Project is thus considered by the Company to have district -

scale potential for additional reduced intrusion-related gold systems.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a n eight-

project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha

Rogue gold project 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

Figure 4 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia

and Olympus. The current work program at Rogue is based from the Company’s Forks Camp.

database provide a unique opportunity for investors to be part of multiple disco veries and the

creation of a new gold district.

QUALIFIED PERSON

Information in this release has been prepared under supervision of and approved by J. Scott

Berdahl, M.Sc., P. Geo., CEO and Director for Snowline Gold, and Steve Haggarty, P.Eng,

Director and CEO for Haggarty Technical Services , as Qualified Persons 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

[email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding

future mineral processing options, closure and reclamation plans, future metallurgical testwork,

the potential for investors to participate in multiple future discoveries, the Rogue project having

district-scale prospectivity, the creation of a new gold district and the Company’s future plans

and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “exp ect”,

“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 man agement’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 ach ievements 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 as sociated 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.