Snowline Gold Corp. · TSX:SGD
Snowline Gold — Investor Presentation (September 2025)
36 slides from Snowline Gold's investor presentation, September 2025
Slide 1: A New Gold Standard
A NEW GOLD STANDARD SNOWLINE GOLD Investor Presentation September 2025 TSX-V: SGD | OTCQB: SNWGF SNOWLINEGOLD.COM
Slide 2: Cautionary Disclaimers
CAUTIONARY DISCLAIMERS The information in this presentation is in a summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any parti
Slide 3: Cautionary Disclaimers
CAUTIONARY DISCLAIMERS Estimates of Mineral Resources Disclosure regarding mineral properties included in this presentation, was prepared in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issu
Slide 4: Land Acknowledgement
LAND ACKNOWLEDGEMENT Snowline respectfully acknowledges that our offices and operations are located on the Traditional Territories of several Indigenous Peoples and First Nations Our flagship Rogue Project and potential infrastructure footprint overlaps with Traditional Territories of the First Nati
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS ✓ FOUNDATION OF A DEVELOPER Robust economics in recent PEA for Snowline’s 100%-owned Valley deposit (C$6.8B NPV5% @ US$3,150/oz Au1), a best-in- class reduced-intrusion gold system with 7.94 million ounces gold M&I at 1.21 g/t Au1 and favourable characteristics for efficient mi
Slide 6: Preliminary Economic Assessment (PEA)
PRELIMINARY ECONOMIC ASSESSMENT (PEA) Valley PEA results1 demonstrate potential for a robust, high-margin operation High Gold Production ✓ Potential top 3 Canadian gold mine by production2 Low Costs ✓ AISC in the lowest 6% of the global cost curve3 Long Mine Life ✓ Initial 20-year life compares favo
Slide 7: Valley PEA – By the Numbers
VALLEY PEA – BY THE NUMBERS PRODUCTION ALL-IN SUSTAINING COSTS1 PAYABLE GOLD 544 koz/year US $569/oz 6.8 Moz Au first 5 full years (payable gold) first 5 full years 95% Measured & Indicated 341 koz/year life-of-mine US $844/oz life-of-mine from 7.4 Moz @ 1.34 g/t Au MINE LIFE INITIAL CAPEX STRIP RAT
Slide 8: Location & Infrastructure
LOCATION & INFRASTRUCTURE ✓ CANADA’S YUKON: A SAFE AND STABLE JURISDICTION • Long mining history and established permitting processes NWT ✓ REMOTE BUT ACCESSIBLE • 75 km from government-maintained North Canol Road • 30 km from existing winter heavy equipment trail used for historical mining in the a
Slide 9: Top Tier Production & Cost Profiles
TOP TIER PRODUCTION & COST PROFILES 697 Annual Gold Production (koz) All-in Sustaining Costs2 (US$/oz) 639 535 507 $1,520 Ramp-up $1,151 $1,135 381 $1,073 $1,036 $1,006 $993 $981 $971 $912 $961 $876 $857 $894 343 288 276 $820 256 310 262 $645 327 224 294 297 277 283 216 269 $466 $470 $398 130 1 2 3
Slide 10: High Margins & Rapid Payback
HIGH MARGINS & RAPID PAYBACK $12.69 B Cumulative post-tax FCF (LOM) $2,000 $14,000 $1,500 $6.63 B $10,500 Cumulative post-tax Cumulative Post-Tax Free Cash Flow ($M CDN) FCF (LOM) Annual Free Cash Flow ($M CDN) $1,000 $7,000 $500 $3,500 $0 $0 -4 -3 -2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Slide 11: Leverage to Gold Prices
LEVERAGE TO GOLD PRICES 100% gold exposure offers substantial upside to higher gold prices After-Tax Economics: PEA Spot Price Prices NPV5%1 ✓ “ALL WEATHER” DEPOSIT IRR1 39.3% High grades at surface drive compelling 36.9% economics across a wide range of gold prices C $7.7 B 31.4% C $6.8 B ✓ HIGH LE
Slide 12: Among Canada's Most Productive Gold Projects
AMONG CANADA’S MOST PRODUCTIVE GOLD PROJECTS 132 Mt 2025 Estimates: Gold Production (koz) 66 Mt Open Pit Material Moved (incl. waste) 50 Mt 544 42 Mt 42 Mt 37 Mt1 17 Mt 1 2 3 4 5 6 7 8 9 10 Valley would be the third largest asset in Canada by gold output and a top 13 asset globally2, with efficient
Slide 13: One of the Lowest Cost Assets Globally
ONE OF THE LOWEST COST ASSETS GLOBALLY US$5,000 First Quartile Second Quartile Third Quartile Fourth Quartile US$4,000 Spot Au Prices: US$3,500/oz US$3,000 By-Product AISC (US$oz) PEA Study Price: US$2,150/oz US$2,000 US$1,000 -- -- Valley Valley 15,705 Pueblo Detour 31,411 Lihir Nevada 47,117 Kibal
Slide 14: Significant Local Impact
SIGNIFICANT LOCAL IMPACT Nevada GDP2 Yukon GDP1 Nunavut GDP1 6% 46% Mining & Natural Mining, Resources Quarrying, GDP: US $260.7 B Oil & Gas GDP: C $4.1 B Population: 3.3 M Population: 41 k Mining, Quarrying, Alberta GDP1 Oil & Gas NWT GDP1 25% GDP: C $3.3 B + Valley 18% Mining, Population: 47 k Min
Slide 15: Conceptual Advancement Timeline
CONCEPTUAL ADVANCEMENT TIMELINE ➢ Priorities for H2 2025 include detailed project scheduling, environmental baseline and continuing early engagement with First Nations on forward-looking plans Construction Ready Project 2025 2026 2027 2028 2029 2030 PEA Project Studies & Design Advancement Engineeri
Slide 16: Updated Mineral Resource Estimate
UPDATED MINERAL RESOURCE ESTIMATE June 2024 May 2025 ~28 km drilling ~53 km drilling Resource Tonnage Grade Contained Gold1 ✓ ROBUST CONVERSION Category (Million (Au g/t) (Million 96% increase in M&I from initial MRE in 2024 to updated Tonnes) Ounces) MRE in 2025, with high-grade core confirmed Meas
Slide 17: Valley Attributes
VALLEY ATTRIBUTES B B’ ✓ TIER ONE SCALE ✓ HIGH GOLD GRADES FROM SURFACE ✓ EXPORATION UPSIDE • 7.4 Moz Au mined at average 1.34 g/t Au • Phase 1 pit averages >2.3 g/t Au with low strip • Promising near-deposit results • Deposit still open in several directions • Initial capital de-risked by rapid pay
Slide 18: Valley Opportunities
VALLEY OPPORTUNITIES Additional opportunities to evaluate during subsequent study phases ✓ PRODUCTION RATE OPTIMIZATION • PEA a “base case” starting point – production rates and schedules to be studied in upcoming studies • Increasing mill throughput for Year 6 could potentially sustain higher produ
Slide 19: District Upside
DISTRICT UPSIDE 100% owned, 360,000-hectare first-mover land package with 30+ primary targets ✓ CLUSTERED SYSTEMS • Reduced-intrusion related gold systems often occur in clusters • Actively drilling multiple targets on broader Rogue project with similar gold and pathfinder mineralization ✓ DISTRICT
Slide 20: Valley – Checking Every Box
VALLEY – CHECKING EVERY BOX1 High Quality Project Economics ✓ C$3.37 billion NPV @$2,150/oz AU ✓ 25% after tax internal rate of return @$2,150/oz Au ✓ 544koz/yr Au @ $569/oz AISC (first five full years) Relevant Globally and to the Yukon ✓ Potential top 3 Canadian gold mine by production ✓ Potential
Slide 21: Snowline Gold Corporate Overview
SNOWLINE GOLD Corporate Overview TSX-V: SGD | OTC: SNWGF 21
Slide 22: A Next-Generation Explorer
A NEXT-GENERATION EXPLORER ➢ 2023 & 2024 ROBERT E. LECKIE AWARDS for Excellence in Environmental Stewardship ➢ 2025 YUKON SUSTAINABILITY AWARD Snowline’s “Forks” Camp Valley deposit, surface view Snowline staff at Valley SNOWLINE GOLD IS DRIVEN BY FOUR GUIDING PRINCIPLES: ENVIRONMENTAL RESPECT GOING
Slide 23: Building Momentum
BUILDING MOMENTUM Initial Rogue Project claims Snowline Valley initial MRE1 ➢ ONGOING Valley Valley staked launched REGIONAL discovery 4.1 M oz Au updated MRE2 First drill indicated & 7.9 Moz Au DISCOVERY hole: 410 m @ Valley: 554 m holes at 3.3 M oz Au M&I 0.9 Moz DRILLING 1.9 g/t Au @ 2.5 g/t Au V
Slide 24: Delivering Shareholder Value
$12.00 DELIVERING SHAREHOLDER VALUE $10.00 +2,091% in 4.5 years $8.00 SGD since launch GDXJ1 $6.00 BTC/USD1 1Normalized to SGD opening $4.00 price, March 1, 2021 To date, Snowline has outperformed the $2.00 GDXJ by over 1,000% (and Bitcoin by over 800%) $0.00 Mar 1, 2021 Jan 1, 2022 Jan 1, 2023 Jan
Slide 25: Strong Capital & Coverage
STRONG CAPITAL & COVERAGE CAPITAL STRUCTURE OWNERSHIP Basic Shares Outstanding 172.3 M Management Options ($0.30 – $8.64 strike price; $29.0 M total redemption*) 10.7 M 6% Other Insiders Restricted Share Units & Deferred Share Units 1.0 M 19% 33% Fully Diluted Shares Outstanding 184.0 M B2Gold (9.9%
Slide 26: Leadership - Setting a Gold Standard
LEADERSHIP - SETTING A GOLD STANDARD MANAGEMENT Scott Berdahl Calum Morrison Lauren McDougall Victor Vdovin Thomas Branson Sergio Gamonal CEO & Director President & Director CFO & Corporate Secretary VP Engineering VP Exploration Chief Geologist BOARD OF DIRECTORS (Includes CEO & President) Brian He
Slide 27: Appendix
APPENDIX TSX-V: SGD | OTC: SNWGF 27
Slide 28: More Gold Per Unit of Rock Moved
MORE GOLD PER UNIT OF ROCK MOVED Grade Strip Ratio Strip-Adjusted Grade Mine/Project Location Owner (Au g/t) (waste : ore) (Au g/t including waste) Valley (Phase 1) Ada Tepe (2023-2026) Yukon Bulgaria Snowline Dundee Precious 2.34 5.19 0.1 3.8 2.05 1.07 UNIQUE ON A GLOBAL SCALE Valley (LOM) Yukon Sn
Slide 29: Development-Stage Precedent Transactions
DEVELOPMENT-STAGE PRECEDENT TRANSACTIONS1 Greater than US $1B, last 15 years With a strong go-forward team and treasury, Snowline has a clear path to unlocking shareholder value through development—while comparable M&A transactions highlight significant upside potential Date Target Acquiror Stage Tr
Slide 30: PEA - Site Infrastructure & Capital Costs
PEA - SITE INFRASTRUCTURE & CAPITAL COSTS Compact site footprint located in wide, flat valley bottom ✓ RIGHT-SIZED SITE INFRASTRUCTURE & COMPACT FOOTPRINT • High grades and low strip allow for an efficient scale and footprint relative to gold output • Mill, camp, offices, waste rock storage and wate
Slide 31: PEA - Production & Mining Costs
PEA - PRODUCTION & MINING COSTS Conventional open-pit truck and shovel mine benefitting from favourable deposit characteristics Production Schedule: 9.0 Mtpa / 25 ktpd 30 3.0 25 2.5 Mined Tonnes (Mt) 20 2.0 Au (g/t) 15 1.5 10 1.0 5 0.5 0 0.0 -2 -1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 P
Slide 32: PEA - Processing
PEA - PROCESSING Conventional processing flowsheet achieving high gold recoveries ✓ CONVENTIONAL PROCESSING FLOWSHEET Run of Mine Material • 25,000 tpd nameplate capacity Gyratory Pre-Leach Thickener • Crusher Crushing and grinding via gyratory crusher, SAG Cyanidation-CIL Feed mill and Ball mill Au
Slide 33: District-Scale Blue Sky
DISTRICT-SCALE BLUE SKY ✓ 100% owned, 360,000-hectare first-mover land package with 30+ primary targets Einarson Project – Venus: Historical (2012) drilling to 9.67 g/t Au over 38.7 m, surface grab samples to 191 g/t Au Rogue Project – Aurelius Target: Newly discovered (2023) 2,000 by 500 m anomaly
Slide 34: Rogue Project - Gracie Target
ROGUE PROJECT - GRACIE TARGET Valley Snowline drilling to 2.5 g/t Au over 553.8 m • GRACIE: Kilometers-scale gold-in-soil/talus fines anomaly above intact intrusion • 43 talus fine samples from a 1,600 x 800 m central area average 0.49 GRACIE g/t Au, with 8 samples >1 g/t Au TARGET • Visible gold an
Slide 35: Einarson Project - Jupiter Discovery
EINARSON PROJECT - JUPITER DISCOVERY KEY TARGET HIGHLIGHTS • EPIZONAL OROGENIC GOLD system – a novel discovery for this region • WIDESPREAD MINERALIZATION to 13.9 g/t Au over 6.0 m (including 45.0 g/t Au over 1.5 m) encountered in first- ever drill testing at Jupiter • MULTIPLE HIGH-GRADE INTERCEPTS
Slide 36: Investor Presentation | September 2025
SNOWLINE GOLD Vancouver Office 300-900 W Hastings Street Vancouver, BC V6C 1E5 Whitehorse Office 3151 3rd Avenue Whitehorse, YT Y1A 1G1 Connect With Us! info@snowlinegold.com snowlinegold.com INVESTOR PRESENTATION | SEPTEMBER 2025 TSX-V: SGD | OTC: SNWGF
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