Mr. Rudi Fronk reports

SEABRIDGE GOLD REPORTS ON RESULTS OF ANNUAL MEETING OF SHAREHOLDERS

Seabridge Gold Inc. has released the results of its annual general meeting of shareholders held on June 28, 2023. A total of 82,398,659 common shares were represented at the meeting, representing 54.6 per cent of the issued and outstanding common shares of the company on the record date. All matters presented for approval at the meeting were duly authorized and approved, as follows:

1. Increase in the number of directors to 11 (98.2 per cent votes for);
2. Election of all of management's nominees to the board of directors of the company;
3. Appointment of KPMG LLP as auditor of the company for the ensuing year (97.6 per cent votes for);
4. Authorization of the directors to fix the auditor's remuneration (99.4 per cent votes for);
5. Amendment of bylaw No. 1 of the company to eliminate the casting vote of the chairman at director meetings (99.0 per cent votes for);
6. Approval, on an advisory basis, of the corporation's approach on executive compensation (91.4 per cent votes for).

A total of 12,266,554 shares were non-votes under United States proxy rules and were not cast with respect to the election of each of the directors, the approval of the amendment of bylaw No. 1 of the company or the advisory vote on executive compensation.

Seabridge chairman and chief executive officer Rudi Fronk noted the departure of long-time board member Richard Kraus. Mr. Kraus joined the board in December, 2013, and served as chair of the audit committee since then. Mr. Fronk said: "I would like to recognize and thank Richard Kraus, who has retired from our board. All of our stakeholders owe Richard a huge debt of gratitude for his support and dedication to the company over the past 10-plus years.

"At the same time, we are delighted to have Julie Robertson and Matthew Coon Come join our board. Julie brings extensive experience in various finance roles, including the development of capital projects finance framework. She's currently the chief financial officer of Marathon Gold Corp. and serves as chair of the audit and risk management committee of Quebec Precious Metals Corp. Matthew Coon Come is the former grand chief of the grand counsel of the Crees and the Cree Regional Authority and a former chairperson of the Cree National Trust. He was a founding director of the First Nations Bank of Canada and was invested into the Order of Canada for his contribution to the nation."