Skeena Resources Limited announced all drilling results from the 2023 exploration drilling program at the Eskay Creek Gold-Silver Project in the Golden Triangle of northwest British Columbia. This release also provides an outlook for Skeena's 2024 exploration programs. Near Mine Exploratory Drilling. A total of 13 surface drillholes were completed in 2023 with the aim of following up on drill intersections discovered during the 2022 exploratory programs. Drilling in the vicinity surrounding the 22 Zone yielded new occurrences of footwall gold-silver mineralization highlighted by SK-23-1203, which intersected 19.87 g/t Au, 59.1 g/t Ag over 2.95 metres including 64.80 g/t Au, 132.0 g/t Ag over 0.85 metres and a second high grade interval averaging 21.10 g/t Au, 15.4 g/t Ag over 1.50 metres.

These new intersections are not expected to materially affect the existing open-pit Resources and Reserves in the 22 Zone. Regional Eskay Deeps Program. Discovery of new mineralization in 2022 at Eskay Deeps by exploratory drillhole SK-22-1081 (3.79 g/t Au, 59.,4 g/t Ag over 32.19 metres), prompted the 2023 Eskay Deeps Phase I exploration program.

Completed in Fourth Quarter 2023, the Phase I Deeps program was designed to test for additional high-grade Contact Mudstone mineralization in the down-dip extension of the Eskay Rift ~1,000 metres north of the current Eskay Creek Reserves. Targeting was supported by geological modelling and geophysical data, focusing on areas that were inadequately explored by previous operators. In total, 8 drillholes and 2 wedge branches were completed totaling 13,787 metres.

To date, the Company has only tested an area of Contact Mudstone measuring 350 metres by 1,000 metres downdip of the main deposit with wide drill spacings in excess of 100 metres. Additional Eskay Deeps drilling will be driven by the results of the seismic survey. 2024 Regional Exploration Plans.

During H1 2024, Skeena will be finalizing a large airborne magnetics survey and data compilation for the new 74,633 hectare Hoodoo Project which was staked in October 2023. Remarkably, this ground was unclaimed mineral tenure with virtually no historical exploration despite possessing very high prospectivity for alkalic porphyry deposits. An accelerated exploration model will be employed in H2 2024 that judiciously ranks and ultimately culminates in drilling targets on the KSP and Hoodoo properties.

The successes of the 2023 field program in discovering new gold-copper mineralization and increasing the geological understanding of the KSP and Hoodoo property warrants augmented exploration in these areas. Overall, 14,000 metres has been budgeted for this regional program.