Skeena Resources Limited announced an updated Mineral Resource Estimate ("MRE") for the 100% owned Snip Gold Project ("Snip" or the "Project") located in the Golden Triangle of British Columbia. This Resource will form the basis of a detailed engineering study with project economics, which anticipate being released in first quarter 2024. The study will demonstrate the potential benefits of adding Snip mineralization to the Eskay Creek Project as a satellite operation, likely including an increased mine life and improved concentrate capabilities at Eskay Creek.

Infill drilling programs were undertaken during 2021 and 2022 by Skeena and the Company's former partner Hochschild Mining, respectively. A total of 238 drill holes totaling 35,891 metres were completed by Skeena and 69 drill holes totaling 10,377 metres were completed by Hochschild. The 307 holes and 46,268 metres of infill drilling defined new zones of mineralization, expanded existing veins laterally, confirmed vein continuity interpretation, and upgraded variogram range confidence.