Mr. Randy Reichert reports

SKEENA CLOSES C$10.7 MILLION FLOW-THROUGH FINANCING

Skeena Resources Ltd. has closed its previously announced non-brokered private placement. Skeena issued a total of 1,258,709 flow-through common shares of the company, issued at an average price of approximately $8.53 per share for aggregate gross proceeds of approximately $10.7-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 subject to the final approval of the Toronto Stock Exchange. No finders' fees will be paid in connection with this placement.

The offered shares have been 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 (the AIE) under NI 45-106. Offered shares pursuant to the AIE under NI 45-106 are subject to a four-month hold period in accordance with applicable Canadian securities laws. There is an offering document related to the listed issuer financing exemption portion of this offering that can be accessed under the company's profile at SEDAR+ and on the company's website.

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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