Mr. Randy Reichert reports

SKEENA ANNOUNCES C$10 MILLION FLOW-THROUGH FINANCING

Skeena Resources Ltd. has arranged a non-brokered private placement of up to 1,223,530 flow-through common shares of the company to be issued at an average price of approximately $8.53 per share for aggregate gross proceeds of up to $10.4-million.

The net proceeds of the offering will be used to finance exploration activities on Skeena's projects in the Golden Triangle of British Columbia. The placement is expected to close on or about Dec. 27, 2023, subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

The offered shares will be offered pursuant to the listed issuer financing exemption under National Instrument 45-106 in all Canadian provinces and territories, except Quebec, and the accredited investor exemption under NI 45-106. There is an offering document related to this offering that can be viewed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

About Skeena Resources Ltd.

Skeena is a Canadian mining exploration and development company, focused on revitalizing the Eskay Creek and Snip projects, two past-producing mines located in Tahltan territory in the Golden Triangle of northwestern British Columbia, Canada. The company released a definitive feasibility study for Eskay Creek in November, 2023, which highlights an after-tax net present value discounted at 5 per cent of $2.0-billion, 43-per-cent internal rate of return, and a 1.2-year payback at $1,800 (U.S.) per ounce gold and $23 (U.S.) per ounce silver.

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