Snowline Gold Reflects On A Transformational 2025 And Looks Ahead To 2026

Press Release

Vancouver, B.C., January 6, 2026: SNOWLINE GOLD CORP. (TSX: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to provide a summary of key activities and achievements from 2025, which saw the Company take major strides in its internal development alongside advancement of the Valley gold deposit (“Valley”) on its flagship Rogue project in the eastern Yukon (the “Rogue Project”). Snowline enters 2026 with a strong treasury, proven management and a clear path forward, with numerous potential catalysts towards creating further shareholder value.

All terms not otherwise defined have the meaning given to them under the CIM Definition Standards for mineral resources and reserves.

Snowline’s top five highlights from 2025:

1. Robust Preliminary Economic Assessment (“PEA”): Rogue Project PEA outlines a high-output, low-cost, long-lived operation at Valley with compelling economics and clear growth potential. At the US$2,150/oz gold price used for economic modelling, the PEA yields a C$3.4B net present value at a 5% discount rate (“NPV_5%”)[1], 25% post-tax internal rate of return (“IRR”), a 2.7-year payback of C$1.7B initial capital and C$426M in average annual after-tax free cash flow (“Average Annual FCF”)[2] over a projected 20-year life of mine (“LOM”). At year-end 2025 spot gold prices (US$4,300/oz), the same model[3] yields C$10.7B NPV_5%, 47% IRR, 1.7-year payback of initial capital and C$1.1B Average Annual FCF over 20 years. Details of the PEA can be found in the August 27, 2025 technical report (the “Technical Report”)[4].
2. Strengthened Leadership Team & Board: Key additions bring highly relevant development, permitting, community relations and capital markets experience to Snowline. Senior management saw the addition of a VP Engineering (Victor Vdovin), VP Environment & Permitting (Oliver Curran), Chief Financial Officer (Lauren McDougall), and President (Calum Morrison), each accomplished with highly relevant experience in their respective positions. At the Board of Directors (“Board”) level, Snowline further strengthened its oversight with the addition of experience and expertise in project finance and large-scale M&A (Rob Doyle) and First Nations relations and economic development (Crystal Smith). Read full biographies here.
3. Community Impact and Environmental Recognition: Third consecutive Robert E. Leckie Award for environmental performance along with the Yukon Chamber of Mines’ Community Award and ECO Canada’s Yukon Sustainability Award. The awards highlight recognition from government, First Nations, industry and the broader public of Snowline’s ongoing commitment to setting a high bar for the resources industry in the Yukon.
4. Financial Strength: Raised over C$122 million gross proceeds in strongly oversubscribed placements, providing Snowline financial flexibility to support multiple years of advancement of Valley, while continuing exploration across an emerging, district-scale portfolio. B2Gold Corp. maintained its 9.9% ownership position, underscoring continued strategic support for Snowline’s activities in the Yukon.
5. 5. Shareholder Returns: 240% increase in share price in 2025, contributing to average annualized returns of 131% per year over 4.8 years since Snowline’s launch in March 2021.[5]

“Snowline is a very different company in December 2025 than we were coming into this year,” said Scott Berdahl, CEO & Director of Snowline. “We’ve derisked and advanced Valley from its initial 2024 mineral resource estimate to an updated estimate and a robust PEA while making significant progress on a prefeasibility study (“PFS”). This includes completion of a major field campaign to support informed future engineering decisions, environmental review and advanced permitting, all while advancing our greenfield exploration pipeline. Internally, we’ve added strong, relevant expertise to our management team and board that will help to guide us towards a production decision.

“While we achieved many notable milestones this year, I am proudest of the performance of our team and the culture of safety and responsibility that we have created within the Company. 2025 saw Snowline’s largest and most complex field program to date, with 14,524 field days worked across three camps and 10 main target sites, and many new field activities focused on advancement and project development. We accomplished this ambitious program without a single lost-time incident.

“With such an exceptional team and resources at hand, we are in a fortunate position to be advancing one of the world’s leading development-stage gold assets amidst a global paucity of new discoveries, during a significant bull market.”

Additional highlights from 2025 include:

• Graduation to the TSX, improving Company visibility, liquidity and potential for index inclusion. In the 20 trading days from uplisting on December 2, 2025 through the end of 2025, daily volumes on the Toronto Stock Exchange (“TSX”) increased 24% versus the final 20 days on the TSX Venture Exchange, with corresponding daily dollar value of TSX trading up by roughly 64%.
• Fully funded prefeasibility study underway, with supporting engineering and environmental field programs completed in 2025 and laboratory work ongoing. Further details on the upcoming PFS can be found in Snowline’s December 16, 2025 news release.
• Strong safety focus and performance, with no lost-time injuries across 14,524 field days worked in 2025 in support of a dynamic, multi-faceted field program including >30,000 m drilled.
• De-risking of the Valley MRE, with an updated mineral resource estimate (“MRE”) for Valley (released prior to the commencement of 2025 drilling) reporting a 96% increase in measured and indicated gold ounces along with substantial growth of the overall resource. Details of the updated MRE can be found in the August 27, 2025 Technical Report for the Rogue Project.
• Continued strong results from Valley, including: 617.6 m at 1.68 g/t Au from surface, with a subinterval of 202.0 m at 3.24 g/t Au in V-24-119; 534.5 m at 0.62 g/t Au in V-25-139, a step-out along the northern edge of Valley, and multiple mineralized intervals in results to date from a new zone discovered roughly 500 m from the existing resource. Assays for roughly 10,800 m from 32 holes (including results from geotechnical, condemnation and metallurgical holes) at Valley are still outstanding. Details of all 2025 Valley results released to date can be found in the August 7, September 24, and November 24, 2025 news releases.
• Encouraging results from Gracie target, Rogue Project, with reduced intrusion-related gold mineralization intersected in a fault zone and intrusive units encountered in another hole at bedrock surface providing vectors towards conceptual intrusion-hosted mineralization, roughly 4 km east of Valley (detailed in November 24, 2025 news release).
• Expansion of the orogenic gold system at the Jupiter target, Einarson Project, with assays to 6.82 g/t Au over 9.0 m in J-25-037 and the demonstrated strike length of the open exploration target now at 1.9 km. Jupiter is located roughly 30 km north of Valley. Full details of 2025 Jupiter drilling can be found in the September 24 and November 24, 2025 news releases.
• Advancement of district-level pipeline, with more results to come. Exploratory drilling conducted on nine non-Valley targets, new surface discovery made of a reduced intrusion-related gold system (Celestic) through prospecting and surface mapping, and enhancement of regional baseline geochemical and geophysical surveys. Assays for roughly 2,900 m from 13 holes across five regional targets (Aurelius, Charlotte, Cujo, Gracie and Ramsey) are still outstanding.
• Expansion of regional environmental baseline work underway to inform mine development decision-making and future permitting efforts.
• Strong local support, with approximately C$33M of external expenditures spent with Yukon-based companies, including approximately C$30M (91%) spent with companies owned by or partnered with Yukon First Nations.
• Increased institutional ownership, with multiple large funds beginning and/or expanding on significant equity positions in Snowline throughout the year.
• A supportive market backdrop, with gold prices up by 66% throughout the course of the year (from US$2,606.72 on December 31, 2024 to US$4,339.65 on December 31, 2025), building on previous gains in 2024.

Figure 1 – Cross Section 31 through Valley showing the June 17, 2024 initial MRE (left) compared to the updated MRE (right). The 89% increase in total drilling from the initial MRE (27,911 m) to the current MRE (52,736 m) increases the total size of the resource and significantly advanced confidence in the model. Within what was previously modeled, the update highlighted the robustness of the initial MRE: applying the same resource-limiting pit shell constraints and cut-off grade used for the initial MRE to the current block model informing the updated MRE yields contained ounces within 1% of the initial estimate, but with generally higher classification levels. An additional 19,302 m of diamond drilling were completed at and around Valley in 2025.

Figure 2 – Project location map for Snowline’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus, highlighting targets drilled during Snowline’s 2025 exploration campaign. Additional drill results from Aurelius, Charlotte, Cujo, Gracie and Ramsey are still to come in early 2026.

Figure 3 – Snowline employees and contractors honouring the National Day for Truth and Reconciliation at the Valley Camp, Rogue Project on September 30, 2025, in a ceremony led by team members Kimberly Azak (left) of the Nisga’a Nation and Kyle Cashin (center, farthest back) of Little Salmon Carmacks First Nation.

Figure 4 – Snowline representatives at the 2025 Yukon Geoscience awards banquet in Whitehorse, Yukon. Left to right, standing then seated: Sarah Weber (Independent Director), Rob Doyle (Independent Director), Brian Hegarty (VP Sustainability & External Relations), Scott Berdahl (CEO & Director), Calum Morrison (President & Director), Kimberly Azak (Mentorship & Training Coordinator), Victor Vdovin (VP Engineering), Steve Rennalls (Director of Operations), Oliver Curran (VP Environment & Permitting) & Zoë Goodyear (Director of Data & Digital Systems). Photo by Crystal Schick.For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

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