For Further Information Contact: Tony Perri – Investor Relations, Manager or Raju Wani at 403-240-0555

News Release

NR: 14-12 December 29, 2014

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Skeena Closes Flow-Through Financing

Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) is pleased to announce that it has closed the non-brokered private placement financing, subject to regulatory approval, announced December 19, 2014. The Company collected gross proceeds of $530,000 from the sale of 3,533,333 Flow-Through shares. The shares issued under this financing will be subject to a hold period of four months plus one day from the date of closing of the offering.

Finders’ fees will be paid to accredited agents on that portion of the funds raised by third parties.

Funds from this financing will be used to advance the Spectrum project.

ON BEHALF OF THE BOARD OF DIRECTORS OF

SKEENA RESOURCES LIMITED

Walt Coles Jr., President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

For Further Information Contact: Tony Perri – Investor Relations, Manager or Raju Wani at 403-240-0555 Suite 611, 675 W. Hastings St. Vancouver, B.C., Canada V6B 1N2 Tel: (604) 684-8725 Fax: (604) 669-2543 Email: [email protected]