Snowline Gold Appoints Dr. Craig Hart as Chairman of the Board and Announces Results of Annual General Meeting

Rhea-AI Summary

Snowline Gold Corp. (OTC PINK:SNWGF) has appointed Dr. Craig Hart as Chairman of the Board, leveraging his extensive experience in mineral exploration and research. Dr. Hart previously led the Mineral Deposit Research Unit at UBC and has significant accomplishments in developing gold deposit models relevant to Snowline's projects. Shareholders approved all matters at the Annual General Meeting on May 4, 2021, including increasing board seats to 5 and reappointing Hay & Watson as auditors. Dr. Hart aims to enhance exploration efforts in the company's Einarson and Rogue projects in the Yukon Territory.

Positive

• Appointment of Dr. Craig Hart as Chairman brings valuable industry experience and leadership.
• Shareholder approval for all matters at the AGM indicates strong investor confidence.
• Dr. Hart's extensive background in gold exploration may enhance future project success.

Negative

• None.

• Dr. Hart Is the Past Director of the Mineral Deposit Research Unit at the University of British Columbia Where He Led Industry-Sponsored Mineral Exploration Research
• Hart Was a Founding Geologist of the Yukon Geological Survey and Former Head of Its Mineral Services Division
• Shareholders Approved All Matters Set Out at Snowline Annual General Meeting

VANCOUVER, BC / ACCESSWIRE / May 5, 2021 / SNOWLINE GOLD CORP. (CSE:SGD) (OTC PINK:SNWGF) (the "Company" or "Snowline") is pleased to announce it has appointed Dr. Craig Hart as Chairman of the Board. Dr. Hart was most recently Director of MDRU-Mineral Deposit Research Unit at the University of British Columbia (UBC) where for 11 years he facilitated industry-sponsored mineral exploration research and training projects on regional metallogeny, gold and porphyry copper systems, and the development of innovative exploration methods. At MDRU and during a previous tenure with the Yukon geological survey, Dr. Hart played a leading role in developing gold deposit models that are highly relevant to Snowline's project portfolio.

Snowline is also pleased to announce that all matters submitted to the shareholders as set out in the Company's Notice of Meeting and Information Circular which were mailed to shareholders in connection with the meeting were approved at the Company's Annual General held virtually, on May 4, 2021.

Craig Hart commented, "I'm excited to join Snowline's board as Chairman to further develop our company as we explore our flagship Einarson and Rogue projects in the Selwyn Basin, Yukon Territory. There is a ton of talent and enthusiasm in the team, and combined with the exciting project portfolio, I'm confident that we will make significant advances on several properties during the upcoming exploration season."

While at UBC, Dr. Hart raised over $20M to support research and training of more than 40 graduate students and 20 senior researchers. He was a founding geologist at the Yukon Geological Survey where for 14 years where he undertook regional mapping and metallogenic surveys, and eventually became the Manager of the Mineral Services Division. He was a Top 5 finisher and Audience Choice winner at the Integra Gold Rush Challenge (2016), a Boldy Award winner by the Geological Association of Canada (2005), the Distinguished Lecturer for the Society of Exploration Geologists (2011), and was recently awarded as Distinguished Lecturer by the Canadian Institute of Mining (2021). Craig has degrees from McMaster University (BSc 1986), UBC (MSc 1995) and UWA (PhD 2005). Despite his global activities, he continued to have active projects in the Yukon and now has almost 40 Yukon field seasons under his belt.

The shareholders elected Nikolas Matysek, J. Scott Berdahl, Sarah Weber, Gunther Roehlig, and Craig Hart as directors of the company for the following year.

Shareholder also voted to increase the number of board seats to 5 to accommodate Craig Hart and to reappoint Hay & Watson, Chartered Professional Accountants as the auditor of the Company for the ensuing year with their remuneration to be fixed by the board of directors.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-228-3020
info@snowlinegold.com

Visit our website at www.snowlinegold.com

Neither the Canadian Securities Exchange nor it's Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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.

SOURCE: Snowline Gold Corp.

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FAQ

Who is Dr. Craig Hart and what is his role at Snowline Gold Corp?

Dr. Craig Hart has been appointed as Chairman of the Board at Snowline Gold Corp, bringing significant expertise in mineral exploration and research.

What were the outcomes of the Snowline Gold Corp Annual General Meeting?

All matters submitted to shareholders at the AGM were approved, including the increase of board seats to 5 to accommodate Dr. Hart.

What projects will Dr. Hart focus on as Chairman?

Dr. Hart will focus on advancing Snowline's flagship projects, the Einarson and Rogue projects, in the Yukon Territory.

What is Dr. Hart's background in the mining industry?

Dr. Hart is the former Director of the Mineral Deposit Research Unit at UBC and played a key role in developing gold deposit models relevant to Snowline's portfolio.