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SKE.TO ·

Skeena Commences Trading on OTCQX

Listings & Exchange

Skeena Commences Trading on OTCQX

Vancouver, BC ( February 5, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF)

(“Skeena” or the “ Company”) is pleased to announce that OTC Markets Group Inc., operator of

financial markets for 10,000 U.S. and global securities, has accepted Skeena to trade on its OTCQX®

Best Market.

Skeena Resources begins trading today on OTCQX under the symbol “ SKREF.” U.S. investors can

find current financial disclosure and Real -Time Level 2 quotes for the company on

www.otcmarkets.com.

“We are pleased to welcome Skeena Resources to the OTCQX Best Market," said Jason Paltrowitz,

Executive Vice President of Corporate Services at OTC Markets Group. "Skeena Resources joins the

growing number of Canadian companies that choose to cross -trade their shares i n the U.S. on

OTCQX, leveraging the market to efficiently distribute news and information and providing easier

access for U.S. investors to trade their shares."

Skeena’s CEO, Walter Coles Jr. commented, “As Skeena continues to grow, so too does our

shareholder base . Trading on the OTCQX will increase Skeena’s visibility and accessibility to our

current and prospective U.S. and global shareholders.”

Skeena Resources was sponsored for OTCQX by B. Riley, a qualified third-party firm responsible for

providing guidance on OTCQX requirements and recommending membership.

About Skeena

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing

prospective precious and base metal properties in the Golden Triangle of northwest British Columbia,

Canada. The Company’s primary activities are the exploration and development of the past-producing

Snip mine and the recently optioned Eskay Creek mine, both acquired from Barrick. In addition, the

Company is performing prelimin ary exploration on the past -producing Porter Idaho silver mine and

has completed a Preliminary Economic Assessment on the Spectrum -GJ copper -gold porphyry

project.

On behalf of the Board of Directors of Skeena Resources Limited,

Walt Coles Jr.

President & CEO

Cautionary note regarding forward-looking statements

Certain statements made and information contained herein may constitute “forward looking information” and “forward

looking statements” within the meaning of applicable Canadian and United States securities legislation, including, among

NR: 18-7

February 5, 2018

other things, information with respect to this presentation. These statements and information are based on facts currently

available to the Company and there is no assurance that actual results will meet management’s expectations. Forward -

looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”,

“plans”, “expects”, “may”, “wi ll”, “could” or “would”. Forward -looking statements and information contained herein are

based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves,

the realization of resource and reserve esti mates, metal prices, taxation, the estimation, timing and amount of future

exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals,

environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as

of the date hereof, forward -looking statements and information are not guarantees of future performance and readers

should not place undue importance on such statements as actual events and r esults may differ materially from those

described herein. The Company does not undertake to update any forward -looking statements or information except as

may be required by applicable securities laws.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for

the adequacy or accuracy of this release.