Skeena Announces C$10 Million Flow-Through Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC / ACCESSWIRE / December 19, 2023 / Skeena Resources Limited (TSX:SKE, NYSE:SKE) ("Skeena" or the "Company") is pleased to announce a non-brokered private placement (the "Placement") of up to 1,223,530 flow-through common shares of the Company, to be issued at an average price of approximately C$8.53 per share (the "Offered Shares") for aggregate gross proceeds of up to C$10.4 million.

The net proceeds of the Offering will be used to fund exploration activities on Skeena's projects in the Golden Triangle of British Columbia. The Placement is expected to close on or about December 27, 2023, subject to customary closing conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange.

The Offered Shares will be offered, pursuant to the Listed Issuer Financing Exemption under National Instrument (the "NI") 45-106 in all Canadian provinces and territories, except Quebec and the Accredited Investor Exemption under NI 45-106. There is an offering document related to this offering that can be accessed under the Company's profile at www.sedarplus.ca and on the company's website. Prospective investors should read this offering document before making an investment decision.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

Foto: Accesswire

About Skeena

Skeena Resources Limited is a Canadian mining exploration and development company focused on revitalizing the Eskay Creek and Snip Projects, two past-producing mines located in Tahltan Territory in the Golden Triangle of northwest British Columbia, Canada. The Company released a Definitive Feasibility Study for Eskay Creek in November 2023 which highlights an after-tax NPV5% of C$2.0B, 43% IRR, and a 1.2-year payback at US$1,800/oz Au and US$23/oz Ag.