Seabridge Gold Sells Residual Noche Buena Project Interest for US$10.12 Million

Seabridge Gold Inc.

News Release

Trading Symbols: TSX: SEA FOR IMMEDIATE RELEASE NYSE Amex: SA December 16, 2010

Seabridge Gold Sells Residual Noche Buena Project Interest for US$10.12 Million

Toronto, Canada… Seabridge Gold announced today that it has completed the sale of its remaining interest in the Noche Buena project to Minera Penmont, S. de R.L. de C.V. (“Penmont”) for US$10.12 million in cash (see News Release dated October 28, 2010). Penmont is a joint venture between Fresnillo plc. and Newmont USA Limited, a wholly owned subsidiary of Newmont Mining Corporation. Dahlman Rose & Co., LLC acted as advisors to Seabridge for this transaction.

Seabridge holds a 100% interest in several North American gold projects. The Company’s principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral resources by project and resource category please visit the Company’s website at http://www.seabridgegold.net/resources.php.

ON BEHALF OF THE BOARD 

"Rudi Fronk"

President & C.E.O.

For further information please contact:

Rudi P. Fronk, President and C.E.O.

Tel: (416) 367-9292 • Fax: (416) 367-2711 Email: [email protected]

________________________________________________________ 106 Front Street East, Suite 400, Toronto, Ontario M5A 1E1, Canada Telephone: (416) 367-9292 Facsimile: (416) 367-2711 www.seabridgegold.net