Mr. Rudi Fronk reports

SEABRIDGE GOLD ANNOUNCES KEY MANAGEMENT CHANGES

The retirement of Seabridge Gold Inc.'s chief financial officer, Chris Reynolds, is coming. After 15 years of dedicated service, he will step down from the role, effective March 31, 2026, following completion of the 2025 audit and filing the annual financial statements. He leaves behind a legacy of financial stewardship, strategic growth and lasting relationships.

He became part of the team in 2011 and played an important role in advancing Seabridge through significant change and growth. He established a strong focus on financial reporting, built a finance team, cultivated cybersecurity and risk management, and helped secure continuing financing to advance key projects -- all of which have been crucial to Seabridge's continuing success. The company values his dedication, leadership and contributions throughout his tenure.

"It has been an honour to serve as CFO of Seabridge Gold," said Mr. Reynolds. "I am proud of what we have accomplished together and have great confidence in the company's future."

With the retirement of Mr. Reynolds, Seabridge is pleased to announce the appointment of Greg Martin as its chief financial officer, effective March 31, 2026. Mr. Martin will join Seabridge on March 2 to ensure a smooth transition with Mr. Reynolds. Mr. Martin brings deep experience in the areas of corporate finance, treasury, corporate development and building strong teams. Mr. Martin has recently held the role of chief executive officer of Nevada Copper, executive vice-president and CFO at SSR Mining, and other executive roles with Novagold, Zincore Metals and Placer Dome. He has managed acquisitions and significant joint ventures in the mining industry, which will prove valuable for the establishment of a joint venture on the company's KSM project. His diverse background and education underline his strategic mindset, adaptability and competitive drive.

"We are excited to welcome Greg to our leadership team," said Rudi Fronk, chief executive officer. "With his deep expertise in financial management and strategic planning, we are confident that he will be a great addition to the executive team and help drive our company's next phase of development as a joint venture partner and producer."

Mr. Martin commented: "I am thrilled to join Seabridge Gold at a pivotal juncture for the KSM project and the company. I look forward to working with this talented team to continue building on its success."

Seabridge is also pleased to announce the promotion of current finance director, Hassan Esmaeili to vice-president, finance. Mr. Esmaeili joined Seabridge in 2018 and has over 20 years of extensive experience in financial reporting, auditing and systems with organizations such as DeBeers and KPMG. With the addition of Mr. Martin and the promotion of Mr. Esmaeli, Seabridge's finance team continues to possess depth and invaluable experience.

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 projects are located in the Golden Triangle of northwestern British Columbia, Canada, the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project is in the Getchell gold belt of northern Nevada, and the 3 Aces project is in the Yukon territory.