About Skeena Resources

Skeena Resources Limited (Skeena) engages in the exploration and development of mineral properties in the Golden Triangle area of northwest British Columbia, Canada. The company owns or controls several exploration-stage properties, including the past-producing Eskay Creek gold mine ('Eskay', 'Eskay Creek' or 'Eskay Creek Revitalization Project'), and the past-producing Snip gold mine ('Snip'). On July 31, 2017, Skeena acquired the Snip Project from Barrick. The Snip Project consists of the past producing Snip mine, including one mining lease and four mineral tenures totaling approximately 1,932 hectares in the Liard Mining Division. The Snip mine produced approximately 1.1 million ounces of gold from 1991 until 1999 at an average gold grade of 27.5 g/t. On October 2, 2020, Skeena acquired the Eskay Creek Project from Barrick. The Eskay Creek Project consists of eight mineral leases, two surface leases and several unpatented mining claims, which total 7,096 hectares. In addition, the Eskay Creek Project has excellent infrastructure, including all?weather road access and proximity to the new 287?kV Northwest Transmission Line. On October 16, 2018, Skeena announced that in connection with an investment by Hochschild and there entering into a definition agreement with Hochschild (the 'Hochschild Agreement'), it granted Hochschild an option to earn a 60% undivided interest in the company's Snip Project ('Hochschild Option'). Hochschild was granted three years to provide notice to Skeena that it wishes to exercise the Hochschild Option. On May 1, 2020, Skeena reported the closing of the asset purchase agreement between Skeena and Newcrest Red Chris Mining Limited ('Newcrest') dated February 3, 2020 to sell 100% of the company's interest in the GJ Copper-Gold Property (the 'GJ Property') to Newcrest. On October 2, 2020, Skeena completed the acquisition of the Eskay Creek Project from Barrick. The Eskay Creek Project has a long?standing history of providing benefits to the Tahltan Nation. Previous operators maintained agreements with the Tahltan Nation which included provisions for training, employment, and contracting opportunities. The company has been working in the Tahltan territory since 2016 and has developed a strong working relationship with the Tahltan Nation. Skeena participates in the British Columbia Regional Mining Alliance ('BCRMA'), which is a partnership between First Nations, the British Columbia Government, Association for Mineral Exploration British Columbia and exploration companies operating in the Golden Triangle region of British Columbia. The BCRMA provides a platform for all parties to collaborate in communications with the potential investment partners on opportunities in the region. History The company was incorporated in 1979. The company was formerly known as Prolific Resources Ltd. and changed its name to Skeena Resources Limited in 1990.