For Further Information Contact: Walt Coles Jr., President & CEO or Tony Perri – Investor Relations, Manager

News Release

NR: 15-05 April 21, 2015

_________________________________________________________________________________________________________

Skeena Announces $4 Million Private Placement Financing

Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company”) intends to raise $4 million in a non-brokered private placement financing, on a best efforts basis, by the issuance of Flow Through shares and Non-Flow Through shares, subject to regulatory approval. Each Flow Through share will be priced at $0.08 CDN per share and each Non-Flow Through share will be priced at $0.06 CDN per share. Shares issued under this financing will be subject to a hold period of 4 months and one day from the closing date of the offering. Finders' fees may be payable to qualified agents on a portion of the funds raised in accordance with Exchange regulations.

The net proceeds from this financing are intended for a 10,000-12,000 metre diamond drill program on the Spectrum project in northwest British Columbia, as well as for general corporate purposes.

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: Walt Coles Jr., President & CEO or Tony Perri – Investor Relations, Manager Suite 611, 675 W. Hastings St. Vancouver, B.C., Canada V6B 1N2 Tel: (604) 684-8725 Fax: (604) 669-2543 Email: [email protected]