Ms. Galina Meleger reports

SKEENA RESOURCES CLOSES C$88.3 MILLION BOUGHT DEAL FINANCING

Skeena Resources Ltd. has closed the previously announced bought deal offering of 3.29 million common shares of the company at a price of $14.70 per common share and 2.23 million common shares issued as flow-through shares, as defined in Subsection 66(15) of the Income Tax Act (Canada), at a price of $17.93 per flow-through common share for aggregate gross proceeds of $88,346,900. The underwriters (as defined herein) elected in full to have 2.23 million common shares issuable as flow-through common shares at the flow-through offering price and exercised in full their option to purchase up to an additional 720,000 common shares at the common share offering price under the offering.

The offered shares were offered by way of a prospectus supplement to the company's base shelf prospectus in all of the provinces of Canada, excluding Quebec. The offered shares were also offered by way of a United States prospectus supplement to the company's registration statement on Form F-10 (including the base shelf prospectus) in the United States.

BMO Capital Markets acted as sole bookrunner for the offering, on behalf of a syndicate of underwriters which included Raymond James Ltd., RBC Dominion Securities Inc., Agentis Capital Markets LP, Canaccord Genuity Corp., CIBC World Markets Inc., Desjardins Securities Inc. and TD Securities Inc.

The proceeds raised from the sales of the common shares will be used for the continued advancement of the company's Eskay Creek gold-silver project and for general corporate purposes. The proceeds raised from the sales of the flow-through common shares will be used by the company to incur eligible Canadian development expenses (within the meaning of the tax act). The qualifying expenditures will be incurred, or deemed to be incurred, and renounced to the purchasers of the flow-through common shares with an effective date of no later than Dec. 31, 2025.

About Skeena Resources Ltd.

Skeena is a leading precious metals 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 metals 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.

We seek Safe Harbor.