Mr. Rudi Fronk reports

SEABRIDGE GOLD BEGINS DRILLING SNIP NORTH DISCOVERY

Seabridge Gold Inc.'s 2025 drill program at its Iskut project has begun and focuses on delineating the copper-gold porphyry mineralization discovered in the company's 2024 program. The Iskut project is in the Golden Triangle of northwestern British Columbia, about 30 kilometres by air from the company's KSM gold-copper district.

This season's program will again employ three helicopter-portable drill rigs and aims to complete at least 8,000 metres of core drilling to advance the Snip North discovery to a maiden resource estimation. This fully financed ($13.4-million) program will also evaluate other targets, including a copper-gold porphyry intrusive source for the anticipated maiden resource.

Seabridge chairman and chief executive officer Rudi Fronk commented: "Last year's discovery at Snip North has given us clear direction on where to focus to deliver new resources in this year's program. That's our first priority. We are also targeting the source intrusion for this prospective resource, which we expect to be rooted in a district-scale structural trend, named the Bronson trend, containing newly recognized, additional porphyry targets. The systems at Iskut are similar in size to our nearby KSM deposits, which have strike lengths in the thousands of metres and width/depth dimensions of many hundreds of metres. We are optimistic that this year's work will confirm our view of the potential for an entire porphyry district, which we had in mind when we acquired the Iskut project in 2016."

Regional geophysical surveys and surface geology have confirmed the district-scale Bronson trend that connects the Quartz Rise, Bronson Slope and Snip North occurrences. Substantial high-level expressions of Cu-Au porphyry systems fall along this regional structural corridor. The company's efforts over the past several years have refined the potential for discovery of multiple porphyry targets embedded in this structure. Results from this year's Snip North program will be integrated into this understanding to guide our efforts to advance additional porphyry mineral systems at Iskut.

About Seabridge Gold Inc.

Seabridge holds a 100-per-cent interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut project are located in northwestern British Columbia's Golden Triangle, the Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project is located in the Getchell gold belt of northern Nevada, and the 3 Aces project is set in Yukon.

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