Snowline Gold Corp. Bolsters Treasury with C$12.5 Million Through Warrant Exercise

Snowline Gold Corp. (TSX-V:SGD)(OTCQB:SNWGF), a gold exploration company focused on the Yukon Territory, announced the early exercise of 5 million warrants by Ana Maria Cox de Gubbins, resulting in a C$12.5 million addition to its treasury. This move increases Ms. Cox's ownership to 10.6% of the company's outstanding shares. The company expressed gratitude for the ongoing support of Ms. Cox, which has been crucial from its early exploration days. This exercise significantly bolsters Snowline's financial position, bringing its total treasury to C$46.3 million.

CEO and Director Scott Berdahl highlighted the importance of this financial injection, which he said positions the company favorably for a potentially transformative 2024 field season. He acknowledged the critical role of investor confidence and support in today’s challenging capital markets. Following this transaction and in accordance with regulatory requirements, an Early Warning Report will be filed to disclose details of Ms. Cox’s acquisition.

This strategic financial maneuver aligns with Snowline Gold Corp.'s exploration and advancement projects in the Selwyn Basin, part of the Tintina Gold Province, known for its gold mining potential. The company, with its robust portfolio across over 333,000 hectares, aims to be at the forefront of discovering a new gold district within this highly prospective region.