Mr. Alexander Link of Deutsche Balaton reports

DEUTSCHE BALATON AKTIENGESELLSCHAFT ANNOUNCES FILING OF EARLY WARNING REPORT

On June 28, 2024, Deutsche Balaton Aktiengesellschaft (DB) acquired 10,500 common shares of Skeena Resources Ltd. in the public market at an average price of $7.049143 per common share, representing 0.01 per cent of the issued and outstanding common shares of the issuer.

Immediately prior to the acquisition, DB and the joint actors together held 10,896,930 common shares, representing 10.25 per cent of the issued and outstanding common shares of the issuer. Immediately following the acquisition, DB and the joint actors together held 10,907,430 common shares, representing 10.26 per cent of the issued and outstanding common shares of the issuer.

In accordance with applicable securities laws, DB and the joint actors may, depending on various factors, including, without limitation, market and other conditions, increase or decrease their beneficial ownership, control or direction over common shares or other securities of the issuer, through market transactions, private agreements, treasury issuances, exercises of convertible securities or otherwise.

DB was formed under the laws of Germany and its principal business is to invest its own funds.

For further details relating to the foregoing, please see the early warning report filed in accordance with applicable securities laws, a copy of which is available under the company's profile on SEDAR+ or may be obtained from Deutsche Balaton, Ziegelhaeuser Landstrasse 3, 69120, Heidelberg, Germany (Alexander Link (member of the board) -- 49-6221-649240 or info@deutsche-balaton.de).