SEA.TO · 2025-08-13 12:00:00

Seabridge Gold Files Second Quarter 2025 Report to Shareholders

Corporate Updates

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 August 13, 2025

Seabridge Gold Files Second Quarter 2025 Report to Shareholders

and its Financial Statements and MD&A

Toronto, Canada... Seabridge Gold (TSX:SEA, NYSE:SA) anno unced today that it has filed its Report to

Shareholders, Interim Financial Statements and Management’s Discussion and Analysis for the three and

six months period ended June 30, 2025 on SEDAR+. To review these documents on the Company website,

please see https://www.seabridgegold.com/investors/financial-reports.

ecent Highlights

• KSM field activities and partnership discussions continue to advance

• Drilling at Iskut’s Snip North target confirms large copper-gold porphyry deposit

• 2024 Sustainability Report posted

• Seabridge responds to petitions challenging substantially started designation

• Chief Gold Commissioner rejects Tudor Gold’s application to rescind certain KSM tunnel rights

• 2025 exploration program at 3 Aces underway

Fin

ancial Results

During the three- months ended June 30, 2025, Seabridge posted a net profit of $12.3 million ($0.12 per

share) compared to a net profit of $45.2 million ($0.51 per share) for the same period in 2024. Lower net

profit during the current period compared to th e same period in 2024 was primarily related to the

remeasurement of the secured note liabilities. For details on the accounting treatment of the secured

note liabilities, please refer to Note 9 of the Company’s June 30, 2025 financial statements. During the

second quarter, Seabridge invested $21.1 million in mineral interests, property and equipment at its

projects compared to $12.6 million invested in the second quarter of 2024. At June 30, 2024, net working

capital was $103.1 million compared to $37.8 million at December 31, 2024.

bout Seabridge Gold

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

KSM and Iskut projects located in Northwest British Columbia , Canada’s “Golden Triangle”, 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 located in the Yukon Territory. For a full breakdown

of Seabridge's mineral reserves and minera l resources by category please visit Seabridge's website at

http://www.seabridgegold.com.

one of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility

for the adequacy or accuracy of this release.

O N BEHALF OF THE BOARD

"Rudi Fronk"

Chairman and C.E.O.

For further information, please contact:

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

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