Snowline Gold Appoints Randy Smallwood to Board of Directors

VANCOUVER, British Columbia, Oct. 26, 2026 (GLOBE NEWSWIRE) — SNOWLINE GOLD CORP. (TSX: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce the appointment of Randy Smallwood to its Board of Directors (the “Board”) as an Independent Director, effective today. Mr. Smallwood brings further mining, corporate development and finance experience to Snowline’s Board. He is the non-executive Chair of Wheaton Precious Metals Corp. (“Wheaton”) where, as President and CEO he led the company through a period of remarkable growth from 2011 to 2026.

“We are pleased to welcome Randy to our Board as a recognized builder in the gold industry,” said Craig Hart, Chair of Snowline’s Board. “His several decades of experience will bring new dimensions of expertise to our Board.”

“Mr. Smallwood’s reputation as an entrepreneur and corporate leader in our industry is well earned, and he adds valuable perspective as Snowline continues to advance and grow,” said Scott Berdahl, CEO. “Importantly, his longstanding commitment to responsible development, community investment and philanthropy strongly align with the values that guide Snowline.”

“I am excited about the opportunity to join the Snowline team and to help them advance the Rogue Project,” said Mr. Smallwood. “The Valley deposit has the potential to become one of Canada’s largest gold mines and a major contributor to the Yukon economy.”

Mr. Smallwood was a co-founder of Wheaton (formerly Silver Wheaton Corp.) in 2004 and served as President and CEO from 2011 to March 2026. Previously he led project evaluation and corporate development for Wheaton River Minerals Ltd./Goldcorp and was Project Manager for the Golden Bear Mine in northern B.C. from 1995 to 2000.

He remains active on the World Gold Council, having served as Chair (2020-2023), and with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) where he is the incoming President-Elect.

Randy’s commitment to the community includes his support of various philanthropic endeavours with Special Olympics BC, MineralsEd BC, and Mining4Life, and previously the BC Cancer Foundation board.

Mr. Smallwood holds a geological engineering degree (1995) and an Alumni Medal of Distinction (2026) from the University of British Columbia, along with a mine engineering diploma (1992) and a Distinguished Alumni Award (2015) from the British Columbia Institute of Technology.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory gold exploration and development company focused on advancing its 100% owned Valley gold deposit on its flagship Rogue Project, while unlocking district upside on its 360,000 ha (3,600 km²) mineral tenure in the highly prospective yet underexplored Selwyn Basin.

Valley is a large, low strip, near surface, >1 g/t Au bulk tonnage gold system hosting an open MRE of 7.94 million ounces gold at 1.21 g/t Au Measured & Indicated (in 204.0 million tonnes)¹ and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au (in 44.5 million tonnes)², with a cut-off grade of 0.3 g/t Au. Results of a PEA for Valley suggest the potential to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are detailed in the recent technical report for Rogue, prepared in accordance with NI 43-101 (as defined below) standards, entitled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada,” dated August 27, 2025, with an effective date of March 1, 2025, and available on SEDAR+ and the Company’s website (the “Technical Report”). The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have economic considerations applied to them that would enable classification as Mineral Reserves. There is no certainty that the results of the PEA will be realized. Work is underway on a PFS to supersede the Valley PEA on completion, anticipated in Q1 2027.

Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.

QUALIFIED PERSON

Information in this news release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., VP Exploration for Snowline, as Qualified Person for the purposes of NI 43-101.

ON BEHALF OF THE BOARD

Craig Hart
Independent Chair & Director

Scott Berdahl
CEO & Director

For further information, please contact:

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding advancement of the Valley deposit and the Rogue Project; Valley’s potential to become one of Canada’s largest gold mines and a major contributor to the Yukon economy; the potential for a long-life mining operation with a strong production profile and low production costs; the anticipated completion of the PFS in Q1 2027; continued exploration; potential discoveries; and the creation of a new gold district. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “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 management’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 achievements 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 associated 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.

¹ Comprising 3.15 million ounces at 1.41 g/t Au in Measured and 4.79 million ounces at 1.11 g/t Au in Indicated.

² Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant issues.