Mr. Walter Coles reports

SKEENA REPORTS Q1 2024 FINANCIAL RESULTS & PUBLISHES ESG REPORT

Skeena Resources Ltd. has released interim financial results for the quarter ended March 31, 2024. The interim financial statements and management's discussion and analysis (MD&A) 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 2023 calendar year. Skeena made significant positive contributions last year across economic, environmental, social and governance areas. It continues to create value for its shareholders, broader stakeholders and first nation partners by continually evaluating its substantial ESG efforts and associated performance. The ESG report outlining these positive contributions is available on Skeena's website.

About Skeena Resources Ltd.

Skeena Resources 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 Northwest British Columbia, Canada. The company released a definitive feasibility study for Eskay Creek in November, 2023, which highlights an after-tax net present value (5 per cent) of $2-billion, 43-per-cent internal rate of return and a 1.2-year payback at $1,800 (U.S.)/ounce gold and $23 (U.S.)/oz silver.

Qualified persons

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 Canadian Institute of Mining, Metallurgy and Petroleum best practices guidelines in conducting, documenting and reporting the exploration activities on its projects.

We seek Safe Harbor.