Snowline Gold closes C$150 million bought-deal financing

Snowline Gold Announces C$150 Million Bought Deal Financing

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VANCOUVER, British Columbia, Aug. 05, 2026 (GLOBE NEWSWIRE) -- SNOWLINE GOLD CORP. (TSX: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 10,350,000 common shares (the “Common Shares”), at a price of C$14.50 per Common Share for gross proceeds of approximately C$150 million  (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about August 12, 2026 and is subject to Snowline receiving all necessary regulatory approvals.

The net proceeds of the offering will be used to advance the Company’s projects in the Yukon Territory, as well as for working capital and general corporate purposes.

The Company intends to complete the Offering pursuant to a prospectus supplement (the “Prospectus Supplement”) to the Company’s short form base shelf prospectus dated November 7, 2025 (the “Base Shelf Prospectus”) to be filed with the securities regulatory authorities in each of the provinces and territories of Canada (except Québec), in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and applicable state securities laws and other jurisdictions, and in jurisdictions outside of Canada and the United States as are agreed to by the Company and the Underwriters on a private placement or equivalent basis.

Access to the Base Shelf Prospectus, the Prospectus Supplement and any amendment to such documents is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days from the date hereof) accessible on SEDAR+ at www.sedarplus.ca. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the “access equals delivery” provisions of applicable Canadian securities legislation. An electronic or paper copy of the Prospectus Supplement and the Base Shelf Prospectus, and any amendment to such documents, may be obtained, without charge, from BMO Nesbitt Burns Inc., Brampton Distribution Centre C/O The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 by telephone at 905-791-3151 Ext 4312 or by email at torbramwarehouse@datagroup.ca by providing an email address or address, as applicable.