Mr. Walter Coles reports

SKEENA RELEASES 2024 SUSTAINABILITY REPORT ENTITLED "REBUILDING TOGETHER"

Skeena Resources Ltd. has published its 2024 sustainability report, offering stakeholders an update on its sustainable development activities and performance. The report highlights Skeena's environmental, social and ethical business practices as well as the significant economic benefits that Eskay Creek will deliver to indigenous nations, the province of British Columbia and Canada.

Randy Reichert, chief executive officer of Skeena, commented: "This report underscores our commitment to responsible mining, strong partnerships, and an inclusive approach that fosters collaboration and shared value. At the heart of these efforts is our meaningful engagement with indigenous communities -- particularly the Tahltan Nation -- whose guidance continues to shape Skeena's approach to advancing the Eskay Creek project in British Columbia."

Nalaine Morin, vice-president of environment and regulatory affairs of Skeena, commented: "Over the past year, we've continued to prioritize our indigenous partners at every stage of our work, recognizing their vital role in shaping decisions on indigenous lands. As a proud member of the Tahltan Nation, I am honoured to bring an indigenous perspective to Skeena and help guide this project in alignment with our values and vision."

2024 sustainability highlights:

• Developed and submitted a robust environmental assessment certification application for Eskay Creek to British Columbia and the Tahltan central government, incorporating community input and extensive environmental research;
• Maintained and added safety measures to protect the company's people and the environment, helping to record a 3.3 total recordable injury frequency rate (TRIFR) per 200,000 hours worked with no serious injuries or cases of work-related illness;
• Employed 766 full-time workers, including 450 contractors and 316 employees; 28 per cent of full-time Skeena employees were indigenous, with 16 per cent of these in management positions;
• $97-million (after tax) was spent to procure products and services in British Columbia, of which $37.8 million were purchases from indigenous-owned businesses and entities;
• Skeena representatives held over 300 meetings with the Tahltan Nation, other indigenous groups and local community members with respect to the Eskay Creek project to gather input, share updates and foster positive, long-term relationships;
• Invested in the company's people through new and existing training, mentorship and safety programs, among other initiatives, and refreshed the company's core values;
• Refreshed Skeena's website to reflect the company's growth and new brand and to make information easier for stakeholders to access, and created a virtual open house that provides details about the company's actions for Eskay Creek related to engagement, public health, environmental topics such as water, air quality, land and wildlife, and more.

The 2024 sustainability report is aligned with the Sustainability Accounting Standards Board (SASB) framework and has been informed by the Global Reporting Initiative (GRI) standards. Skeena's 2024 sustainability report is available on the company's website.

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.

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