Mr. Walter Coles reports

SKEENA RESOURCES CLOSES C$73.5 MILLION BOUGHT DEAL FINANCING

Skeena Resources Ltd. has closed the previously announced bought deal offering of 10,005,000 common shares of the company at a price of $7.35 per common share for gross proceeds of $73,536,750 and which includes the exercise in full by the underwriters of their overallotment option to purchase up to an additional 1,305,000 common shares at the offering price.

Randy Reichert, Skeena's President & CEO commented "We are very pleased to have successfully closed this C$73.5 million financing. These funds strongly position Skeena with the proceeds being used to complete key development milestones at the Eskay Creek Project including an on-site assay lab, earthworks and detailed engineering. We look forward to the work planned this summer as it represents a significant step in the advancement of Eskay Creek toward production."

The Common Shares are offered by way of a prospectus supplement to the Company's base shelf prospectus in all of the provinces of Canada, except the province of Quebec, and by way of private placement in the United States.

BMO Capital Markets acted as sole bookrunner for the Offering, on behalf of a syndicate of underwriters which includes CIBC World Markets Inc., Raymond James Ltd., RBC Dominion Securities Inc., Desjardins Securities Inc., Clarus Securities Inc. and SCP Resource Finance LP (collectively, the "Underwriters").

The net proceeds of the Offering will be used for the continued advancement of the Company's Eskay Creek gold-silver project and for general corporate purposes.

No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction.

About Skeena

Skeena Resources Limited 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 NPV5% of C$1.4B, 50% IRR, and a 1-year payback at US$1,700/oz Au and US$19/oz Ag.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Executive Chairman

Randy ReichertPresident & CEO

Contact Information

Investor Inquiries: info@skeenaresources.comOffice Phone: +1 604 684 8725

Qualified Persons

In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo., Senior Vice President, Exploration & 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 Best Practices Guidelines in conducting, documenting, and reporting the exploration activities on its projects.

We seek Safe Harbor.