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Liard First Nation and Seabridge Gold Sign Contribution Agreement for the 3 Aces Project Toronto, Canada … Liard First Nation (“LFN”) and Seabridge Gold (TSX: SEA) (NYSE: SA) (“Seabridge”)

Partnerships & JV

106 Front Street East, Suite 400, Toronto, ON M5A 1E1, Canada

416-367-9292 www.seabridgegold.com

News Release

Trading Symbols: TSX: SEA FOR IMMEDIATE RELEASE

NYSE: SA May 24, 2022

Liard First Nation and Seabridge Gold

Sign Contribution Agreement for the 3 Aces Project

Toronto, Canada … Liard First Nation (“LFN”) and Seabridge Gold (TSX: SEA) (NYSE: SA) (“Seabridge”)

have reached an agreement on the terms of a ‘Contribution Agreement’ for Seabridge's 3 Aces Project

located in Yukon, Canada. The agreement provides a framework for Seabridge and the Lia rd First

Nation to build positive working relationship s and enable LFN’s meaningful review and analysis of

Seabridge’s activities at the 3 Aces Project . In particular, the agreement will support LFN in preparing

for and participating in assessment and regulatory processes and community engagement. It will also

allow LFN to hire Kaska and other experts to provide advice and information to LFN and Seabridge on

Kaska ways of knowing as well as scientific and technical matters, helping to ensure that Seabridge has

the information it needs to design a project that protects the meaningful exercise of LFN citizens’ Kaska

Aboriginal rights into the future.

The 3 Aces Project is in the southeast corner of Yukon situated bet ween 133 km and 164 km of the

Nahanni Range Road near the border with the Northwest Territories. Seabridge acquired the Project in

June 2020 with the intent of continuing the mineral exploration already underway. The 3 Aces Project

is in the early explorat ion phase and consists of 1,536 Yukon q uartz mining claims covering

approximately 314 km2. In 2021, Seabridge began its inaugural field season at the Project.

LFN Chief Stephen Charlie stated, “We appreciate Seabridge Gold’s commitment to ensuring that LFN

has the capacity to participate in the 3 Aces project in a meaningful way. Nobody knows Kaska territory

like the Kaska, and when it comes to protecting Kaska Aboriginal rights for current and future

generations, our input into the project will be critical. Despite the tremendous pressure from other

developers, we look forward to collaborating with the Seabridge team by sharing our experiences,

knowledge and advice to improve the 3 Aces Project”

Seabridge Chairman and CEO Rudi Fronk stated : “As a responsible exploration company, we are

committed to building a meaningful and positive working relationship with our Indigenous partners.

We are pleased that Liard First Nation has signed the Contributio n Agreement, which establishes the

framework in which both parties will work cooperatively with each other. The development of a

common understanding of each other’s interests is our first priority.”

Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the

KSM and Iskut projects located near Stewart, British Columbia, Canada, the Courageous Lake project

located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern

Nevada, and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral

reserves and mineral resources by category , please visit the Company's website at

http://www.seabridgegold.com.

None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility

for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD

"Rudi Fronk"

Chairman & C.E.O.

For further information please contact:

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

Tel: (416) 367-9292 • Fax: (416) 367-2711

Email: [email protected]