Deutsche Balaton Announces Filing of Early Warning Report

Deutsche Balaton Announces Filing of Early Warning Report

Heidelberg, Germany, July 17, 2019 - Deutsche Balat on Aktiengesellschaft (“ DB ”) has filed

an early warning report (the “ Report ”) announcing, together with its Joint Actors (DB and the

Joint Actors together the “ Group ”), the acquisition of 7,792,208 common shares of S keena

Resources Limited (the “ Company ”) at C$0.385 per share through a private placement of the

Company for a total consideration of C$3,000,000, representing a 6.7% increase in the Group’s

shareholdings in the Company.

Prior to the transaction , the Group held directly or indirectly, beneficial ownership of, or the

power to exercise control or direction over 3,944,402 common shares, representing 3.8% of all

of the issued and outstanding common shares of the Company prior to the placement.

Immediately after the transaction, the Group held, directly or indirectly, beneficial ownership

of, or the power to exercise control or direction over, 11,736,610 common shares representing

10.5% of all of the issued and outstanding common shares.

The Group may, depending on various factors includi ng, without limitation, market and other

conditions, increase or decrease his beneficial own ership, control or direction over Shares or

other securities of the Issuer, through market tran sactions, private agreements, treasury

issuances, exercises of convertible securities or otherwise.

For further details relating to the disposition, pl ease see the Report, which was filed in

accordance with applicable securities laws, a copy of which is available under the Company’s

profile on the SEDAR website at www.sedar.com, or may be obtained from Deutsche Balaton

AG, Rolf Birkert (CEO / Member of the Board), +49 6221 649240, [email protected].