Snowline Gold Corp. announced further analytical results from exploration holes drilled on its Rogue Project in Canada's Yukon Territory. Holes drilled within the Valley intrusion show consistent gold mineralization across broad intervals from surface.

Hole V-23-055 averages 1.34 g/t over 359.4 m downhole from surface and expands the known limits of near-surface >1 g/t mineralization by >100 m from previous hole V-23- 047. Hole V-23-056 averages 2.07 g/t Au over 212.4 m downhole from surface, within a broader mineralized interval of 1.45 g/t Au over 372.9 m, demonstrating strong grade continuity between previous widely spaced holes with significant >2 g/t Au intervals that also begin at surface. Assays for more than 8,300 m of diamond drilling from Snowline's 2023 exploration efforts remain pending.

Hole V-23-056 is collared in coarse-grained granodiorite within the Valley intrusion roughly 59 m east of V-22-014 (285.2 m @ 1.45 g/t Au including 128.2 m @ 2.48 g/t Au from surface, see Snowline news release dated November 15, 2022) and 44 m west of V-23-036 (414.5 m @ 1.53 g/t Au from surface including 143.5 m @ 2.92 g/t Au, see Snowline news release dated July 18, 2023). The hole commences in strong sheeted gold-bearing quartz vein mineralization from bedrock surface at 2.6 m downhole, averaging 2.07 g/t Au across the next 212.4 m. This marks the top of a broader 372.9 m downhole interval averaging 1.45 g/t Au overall. The highest sustained grades in the hole begin at 52.5 m downhole, averaging 3.50 g/t Au over the following 42.5 m. The hole exits the intrusion into weakly mineralized hornfels at 376.7 m downhole, marking the end of the consistently mineralized interval.

The consistency of mineralization in V-23-056 is highlighted by its capped values, which--setting any >10 g/t Au assays equal to 10 g/t Au--remain unchanged. The highest assay value ran 9.35 g/t Au over 1.5 m from 87.0 m downhole. Consistency is further highlighted by the distribution of grades.

Within the top 212.4 m interval, 77% of assays (measured by core length) returned >1 g/t Au and no assays returned <0.2 g/t Au. Within the higher-grade zone averaging 3.50 g/t Au over 42.5 m, all assays returned >1.3 g/t Au. The results of V-23-056 demonstrate the integrity and spatial continuity of >2 g/t Au, near- surface mineralization towards the southeastern part of the Valley gold system.

Hole V-23-055 is collared in coarse-grained granodiorite of the Valley stock, roughly 101 m across strike from and along section with the nearest hole, V-23-047 (228.6 m @ 1.62 g/t Au from surface including 100.5 m @ 2.56 g/t Au, see Snowline news release dated September 11, 2023). The hole encountered strong sheeted gold-bearing quartz vein mineralization from bedrock surface at 3.1 m downhole. The main interval of mineralization within the hole averages 1.34 g/t Au over 359.4 m from bedrock surface, with a higher-grade zone averaging 1.71 g/t Au over 132.5 m from 89.0 m downhole.

The hole exits the intrusion at 352.1 m, and lower grade mineralization continues into the surrounding hornfels (averaging 0.16 g/t Au across 23.0 m from 369.0 m downhole, and the hole ends with the final 1.0 m @ 0.30 g/t Au). As with V-23-056, gold grades in V-23-055 are not affected by grade capping at 10 g/t Au, demonstrating the consistent nature of mineralization across the broad mineralized interval. The hole increases the known extent of broad, at-surface >1 g/t Au mineralization by >100 m from the nearest holes to the southwest, south and southeast, all of which carry similar or stronger gold intersections beginning from surface.

Regional Drilling: Satellite Target Drilling, Rogue Project- At Cujo, a single-hole Phase I drill program intersected a broad zone of low to moderate spatial density quartz veins with trace visible gold in a coarse-grained granodiorite. Multiple intervals of low-grade gold mineralization are present (Table 3), including 32.0 m @ 0.38 g/t Au from 90.0 m downhole and 10.0 m @ 0.42 g/t Au from 225.0 m downhole. The entire hole averaged 0.11 g/t Au over 407.4 m. The results compliment surface work demonstrating the presence of a gold-bearing reduced intrusion at Cujo.

Further work will seek to determine whether consistent higher grades are present within the intrusion. At Gracie, assays for G-23-007 have been received. This hole was drilled away from the primary anomaly, targeting mineralized dikes observed on surface.

The dikes were not encountered in the drill hole, and no gold values >1 g/t Au were returned from the hole, with elevated gold results occurring as rare, isolated instances. Higher bismuth values--an important pathfinder element for Valley-like intrusion-related gold systems--are present in this hole than in any of the 6 holes previously drilled at Gracie. Analytical results for an additional 2 holes from Gracie remain pending.

Tosh Project Drilling: Analytical results have been received for two holes from a six-hole Phase I diamond drill program at the Yarrow target on Snowline's Tosh Project, in the southwestern Yukon. This program represents the first-ever drill testing anywhere on the broader Tosh project area. Localized, elevated gold values (0.10 to 0.46 g/t Au) were present as rare, discrete intervals in both holes, variously associated with faulting, brecciation and, in T-23-005, lenses of semi- massive sulphides in metamorphosed sedimentary host rocks.

Three semi-massive sulphide zones, up to 0.2 m in thickness, carried anomalous silver (9.50 to 48.4 g/t Ag), copper (165 ppm to 0.27% Cu) and zinc (>1% detection limit) across broader downhole sample interval widths (0.7 m to 0.9 m). Dominant minerals are pyrite and pyrrhotite. These initial results at Tosh demonstrate the presence of multiple styles of mineralization and the potential for multiple gold depositional events.

Assays are pending for an additional four holes from the 2023 drill program.