SNOWLINE GOLD CORP announced additional analytical results from its ongoing drill program at the Valley target on its Rogue Project in Canada'sYukon Territory. All four holes, drilled into various parts of the Valley system, returned continuously mineralized intervals ranging from 82.5 (average 1.52 g/t Au) to 539.4 m (average 1.20 g/t Au) in downhole length. Initial drill results from various other targets and projects encountered anomalous gold mineralization.

Analytical results for an additional 19 holes (7,862+ m) at Valley and 12 additional holes (4,397 m) on other targets are pending, with drilling ongoing. Hole V-23-049 is collared within the Valley intrusion as a 71 m step back along section and perpendicular to the dominant trend of mineralization from V-22-007 (410.0 m @ 1.89 g/t Au from surface including 146.0 m @ 3.24 g/t Au,). The hole is collared in coarse-grained granodiorite and crosses several small (meter-scale) porphyritic dikes before encountering a larger porphyritic body from roughly 365-420 m downhole depth.

The hole ends in coarse-grained granodiorite with low quartz vein densities and generally low grades. The mineralized interval in V-23-049 spans the entire hole, averaging 1.20 g/t Au over 539.4 m downhole from bedrock surface at 6.3 m, including a 151.5 m downhole run from 142.0 m depth averaging 2.41 g/t Au, with a 10.5 m hotspot of 4.67 g/t Au from 201.5 m downhole. As with previous holes at Valley, mineralization is remarkably consistent.

Capping assays at 10 g/t Au results in an average grade of 1.16 g/t Au, only a 3.1% reduction in overall grade. The hole shows a robust continuity of grade extending northeast of and below V-22-007. The drill trace cuts roughly halfway between those of V-22-007 and V-22-015 (442.0 m @ 0.65 g/t Au including 170.0 m @ 1.18 g/t Au), and yet gold grades are higher than would be expected from a linear gradient between the two holes, demonstrating a larger volume of well-mineralized rock.

Hole V-23-050 is collared within the Valley intrusion as a 66 m step-out along strike to the northwest of V-22-029 (558.7 m @ 1.26 g/t Au including 202.0 m @ 2.04 g/t Au, see Snowline news release dated February 24, 2023) and V-22-033 (313.0 m @ 0.86 g/t Au including 121.9 m @ 1.33 g/t Au). The hole is entirely within coarse-grained granodiorite, apart from a porphyritic body intersected from roughly 340-408 m downhole. Valley Target Drilling, Rogue Project The expanded 2023 drill program at the Rogue Project's Valley discovery is ongoing.

To date, >15,000 m has been drilled on the Valley target in 2023, with 36 holes completed and an additional larger diameter (85 mm PQ, versus 51 mm NQ2 used elsewhere) drill hole in progress for advanced metallurgical and rock property testing. A majority of drill results for the 2023 drill program at Valley are still to come, with results pending for 19 holes (8,031+ m). Satellite Target Drilling, Rogue Project At Reid, a single hole Phase I program intersected a poly-phase intrusive system, with a coarse-grained granodiorite phase, and a fine-grained porphyritic phase occurring as dikes outside of the main intrusion.

Moderate to low vein densities yielded a mineralized downhole interval of 174.5 m averaging 0.27 g/t Au, from 303.5 m. Phase II drilling at Gracie encountered sedimentary rocks with varying degrees of hornfels alteration, indicating proximity to an intrusion, and low-density sheeted quartz veins bearing rare instances of trace visible gold. Assays for G-23-006, which was aborted due to pad stability issues short of reaching its target, returned localized intervals of anomalous gold mineralization. Analytical results for an additional 3 holes from Gracie, and a single hole Phase I program at Cujo are pending.

Cliff Project Drilling Analytical results have been received for the first three drill holes of a 5-hole Phase I program at the Cliff Project. Gold bearing quartz veins were encountered in all three holes, with localized results of up to 6.64 g/t Au over 1.9 m drilled width (true width unknown).