SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the 'Company' or 'Snowline') is pleased to announce analytical results from additional exploration holes drilled on its Rogue Project in Canada's Yukon Territory.

Hole V-23-061 returned 2.46 g/t Au over 519.6 m from surface, including 3.60 g/t Au over 265.6 m downhole, demonstrating a strong consistency of near-surface, multiple-gram-per-tonne-gold mineralization. Holes V-23-059 and V-23-060 were drilled within the southeast extension of the system and add dimensionality and consistency to known mineralization in that direction. Assays for more than 5,475 m of diamond drilling from Snowline's 2023 exploration efforts remain pending.

'The Valley discovery on our 100%-owned, district-scale Rogue Project continues to demonstrate strong, continuous gold mineralization across a large area from surface,' said Scott Berdahl, CEO & Director of Snowline. 'Hole V-23-061 returned the strongest gold interval we've seen near surface in any hole to date, highlighting the favorable characteristics of the Valley system for efficient mining-namely strong, consistent mineralization with the highest grades beginning at or near surface in a topographically advantageous position. With December upon us, we have much to look forward to in terms of additional drill results, surface exploration results, advanced metallurgical testing and of course an aggressive exploration season ahead in 2024 on Valley and other targets across our >330,000 ha land position.'

HOLE V-23-061

Hole V-23-061 is collared in coarse-grained granodiorite within the Valley intrusion roughly 60 m northeast of V-22-039 (553.8 m @ 2.48 g/t Au including 183.3 m @ 4.34 g/t Au from surface, see Snowline news release dated August 3, 2023) and 51 m southwest of V-23-037 (383.8 m @ 2.47 g/t Au from surface including 120.0 m @ 4.06 g/t Au, same news release). It continues in coarse-grained granodiorite for the length of the hole, intersecting two small (1 m scale) dikes of fine-grained granodiorite.

The hole commences in strong, sheeted gold-bearing quartz vein mineralization from bedrock surface at 5.5 m downhole and continues in strong mineralization until approximately 270 m downhole, where the hole intersects a central, valley-parallel fault. Quartz vein densities drop off below the fault, but lower grade mineralization continues for the remainder of the hole. Vein orientations in the lower part of the hole generally run at low angles to the drill core, whereas in the upper part of the hole they are consistent with the dominant, steeply dipping northwest striking vein array seen across the Valley intrusion.

Overall, the top 519.6 m downhole from bedrock surface average 2.46 g/t Au, with an internal interval of 265.6 m averaging 3.60 g/t Au also beginning from surface. This sub interval is the strongest near-surface (upper 250 vertical metres from bedrock surface) mineralized intersection from the Valley target to date. Within this, a zone of sustained higher grades beginning at 149.0 m downhole averages 6.47 g/t Au over 47.5 m.

Within the top 265.6 m interval downhole from bedrock surface, 90% of assays (measured by core length) returned >1 g/t Au and no assays returned

(C) 2023 Electronic News Publishing, source ENP Newswire