Mr. Randy Reichert reports

SKEENA REPORTS Q1 2023 FINANCIAL RESULTS & PUBLISHES ESG REPORT

Skeena Resources Ltd. has released interim financial results for the quarter ended March 31, 2023. The interim financial statements and management's discussion and analysis are available on Skeena's website and have been posted under the company's profile on SEDAR and EDGAR.

Skeena is also pleased to announce the publication of its environmental, social and governance (ESG) report for the 2022 financial year. Skeena made significant progress last year across economic, environmental, social and governance factors, and continues to create value for its shareholders, broader stakeholders and first nations partners through improved ESG performance. The ESG report is available on Skeena's website.

About Skeena Resources Ltd.

Skeena is a Canadian mining exploration and development company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The company released a feasibility study for Eskay Creek in September, 2022, which highlights an after-tax net present value discounted at 5 per cent of $1.4-billion, 50-per-cent internal rate of return and a one-year payback at $1,700 (U.S.) per ounce gold and $19 (U.S.) per ounce silver.

Qualified person

In accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects), Paul Geddes, PGeo, senior vice-president, exploration and resource development, is the qualified person for the company, and has prepared, validated and approved the technical and scientific content of this news release. The company strictly adheres to CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best practice guidelines in conducting, documenting and reporting the exploration activities on its projects.

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