Vancouver, BC (April 13, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce it has conditionally-closed the final tranche of the non-brokered private placement offering (the “Placement”) announced on February 24, 2021. In total, under this Placement, Skeena has raised gross proceeds of approximately C$21.6 million from the sale of 4,789,592 flow-through shares at a price of C$4.50 per share.

In relation to this final tranche, Skeena collected gross proceeds of C$8.8 million from the sale of 1,951,606 flow-through shares. The net proceeds of the Placement will be used to fund exploration activities on the Company’s projects in the Golden Triangle of British Columbia. The closing of the Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of the Toronto Stock Exchange. The securities issued under the Placement will be subject to a statutory hold period in Canada expiring four months and one day from the date that they are issued.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Skeena
Skeena Resources Limited is a Canadian mining exploration company focused on revitalizing the past-producing Eskay Creek gold-silver mine located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a robust Preliminary Economic Assessment in late 2019 and is currently focused on infill and exploration drilling to advance Eskay Creek to full Feasibility by the end of 2021. Additionally, Skeena continues exploration programs at the past-producing Snip gold mine.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.
President & CEO

Contact Information
Investor Inquiries: info@skeenaresources.com
Office Phone: +1 604 684 8725
Company Website: www.skeenaresources.com