Skeena Resources Limited (TSX:SKE) acquired 5 Mining Claims from Eskay Mining Corp. (TSXV:ESK) for CAD 4 million on July 7, 2023. The initial consideration of CAD 2 million was paid to Eskay on closing, a further CAD 1 million is payable on October 31, 2023 and the final CAD 1 million payment is payable on December 31, 2023. Eskay retains a 2% net smelter returns royalty (the "Royalty") in the Claims. Skeena can purchase 50% of the Royalty at any time for $2 million.

Skeena Resources Limited (TSX:SKE) completed the acquisition of 5 Mining Claims from Eskay Mining Corp. (TSXV:ESK) for CAD 4 million on July 7, 2023. Daniel Bornstein of McCarthy Tétrault LLP acted as legal advisor to Skeena Resources Limited.