Mr. Walter Coles reports

SKEENA GOLD & SILVER ANNOUNCES INVESTMENT INTO TDG GOLD CORP.

Skeena Resources Ltd. has made a strategic investment into TDG Gold Corp. to advance the Greater Shasta-Newberry project in the Toodoggone district in British Columbia, Canada. The Greater Shasta project is situated on the boundary of the recent discovery announced by Freeport-McMoRan Inc. and Amarc Resources Ltd. on their new gold-silver-copper Aurora target and lies directly alongside the same mineralized trend. The investment in TDG is consistent with the company's approach of making strategic equity investments in projects with high geological potential.

Walter Coles, executive chairman of Skeena, commented: "This investment in TDG highlights our agility in positioning at the forefront of one of British Columbia's most exciting exploration plays. By providing early-stage funding to TDG, we aim to support TDG's exploration efforts to validate the Greater Shasta project. The exciting high-grade Freeport-Amarc Aurora discovery is less than 200 metres from the border of TDG's claims. Also importantly, both geochemical and geophysical data indicate the potential for the mineralized trend to continue over onto TDG's 100-per-cent-owned claims."

Investment in TDG

Upon closing, Skeena will have purchased 22 million TDG common shares in exchange for the sale of the Sofia property and payment of $7-million. Skeena will then hold approximately 13 per cent of the issued and outstanding common shares on a postclosing non-diluted basis. The investment is anticipated to close on or before Feb. 14, 2025, and is subject to other customary conditions, including exchange approval. The Sofia property consists of approximately 9,000 hectares of mineral claims and is of particular interest to TDG as it borders the northern edge of the TDG concession boundary.

About Skeena Resources Ltd.

Skeena is a leading precious metal developer that is focused on advancing the Eskay Creek gold-silver project -- a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest-cost open-pit precious metal mines in the world, with substantial silver byproduct production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with indigenous communities while delivering long-term value and sustainable growth for its stakeholders.

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 statements and information contained or incorporated by reference in the news release. The company strictly adheres to CIM (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.