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Skeena Discovers New In-Pit Mineralization at Eskay Creek Including 4.80 g/t AuEq over 30.50 metres

Drill Results

Skeena Discovers New In-Pit Mineralization at

Eskay Creek Including 4.80 g/t AuEq over 30.50 metres

Vancouver, BC ( February 17, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF)

(“Skeena” or the “Company”) is pleased to report additional diamond drill core results from the Phase

2 campaign of definition and exploration drilling at the Eskay Creek Project (“Eskay Creek” or the

“Project”) located in the Golden Triangle of British Columbia. The Phase 2 infill program, focused upon

resource category conversions for the Pre -Feasibility Study (“PFS”) on open -pit constrained

resources, is now complete. The Company has also recently completed a 5,000 m near -mine

exploration program at Eskay Creek and is awaiting results . Reference images are presented at the

end of this release as well as on the Company’s website.

Eskay Creek Infill Drilling Highlights

New 21C-HW Zone:

• 4.33 g/t Au, 13 g/t Ag (4.50 g/t AuEq) over 20.05 m (SK-20-692)

• 4.65 g/t Au, 11 g/t Ag (4.80 g/t AuEq) over 30.50 m (SK-20-780)

21C Zone:

• 3.87 g/t Au, 7 g/t Ag (3.96 g/t AuEq) over 24.70 m (SK-20-721)

• 2.69 g/t Au, 30 g/t Ag (3.09 g/t AuEq) over 33.92 m (SK-20-735)

• 3.20 g/t Au, 83 g/t Ag (4.31 g/t AuEq) over 29.35 m (SK-20-748)

21E Zone:

• 3.34 g/t Au, 160 g/t Ag (5.48 g/t AuEq) over 24.50 m (SK-20-742)

• 5.68 g/t Au, 38 g/t Ag (6.18 g/t AuEq) over 28.02 m (SK-20-752)

• 4.11 g/t Au, 164 g/t Ag (6.30 g/t AuEq) over 28.09 m (SK-20-757)

• 3.85 g/t Au, 53 g/t Ag (4.55 g/t AuEq) over 26.10 m (SK-20-759)

• 2.49 g/t Au, 213 g/t Ag (5.34 g/t AuEq) over 25.50 m (SK-20-763)

• 3.14 g/t Au, 114 g/t Ag (4.65 g/t AuEq) over 40.89 m (SK-20-764)

21B, HW Zones:

• 3.92 g/t Au, 26 g/t Ag (4.27 g/t AuEq) over 25.00 m (SK-20-754)

• 5.35 g/t Au, 113 g/t Ag (6.86 g/t AuEq) over 15.50 m (SK-20-773)

Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. True widths range from 70 -100% of reported core lengths. Length

weighted AuEq composites are constrained by geological considerations. Grade -capping of individual assays has not been applied to the Au

and Ag assays informing the length -weighted AuEq composites. Metallurgical processing recoveries have not been applied to the AuEq

calculation and are taken at 100%. Samples below detection limit were nulled to a value of zero.

NR: 21-07 | February 17, 2021

New In-Pit Mineralization Discovered Above the 21C Zone

Situated within the open-pit contemplated by the Company’s 2019 Preliminary Economic Assessment,

a previously unrecognized zone of mineralization has been discovered above the 21C Zone .

Examples of this recently drilled mineralization (21C-HW Zone) include 4.65 g/t Au, 11 g/t Ag (4.80 g/t

AuEq) over 30.50 m (SK-20-780), 4.33 g/t Au, 13 g/t Ag (4.50 g/t AuEq) over 20.05 m (SK-20-692),

and 1.39 g/t Au, 8 g/t Ag (1.49 g/t AuEq) over 29.25 m (and SK-20-698).

A subvertical, reactivated synvolcanic structure, this newly documented zone of discordant,

replacement-style mineralization occurs uncharacteristically in the hanging -wall andesites and

interflow sediments above the historically mined Contact Mudstones. To date, the 21C -HW Zone

mineralization has been outlined over a strike length of 160 m and is open for e xpansion along strike

and dip. Prior to the discovery of this mineralization, the only other occurrence of an economically

mineralized synvolcanic structure in the hanging wall rocks of the Eskay Creek deposits occurs at the

fittingly named HW (Hanging Wal l) Zone, which is situated stratigraphically above the Contact

Mudstones of the 21B Zone.

“Although this newly developing zone is in its infancy, there are many positive implications associated

with this finding from both a resource development and exploration perspective” comments Paul

Geddes, the Company’s Vice President of Exploration and Resource Development. “Firstly, this

portion of the pit constrained resource was considered unmineralized waste rock due to a lack of drill

hole sampling by previous operators and it will now likely translate into additional resources in the

Company’s upcoming resource update, which is expected to be released this spring. Secondly, this

new information clearly demonstrates that the Eskay Creek mineralizing events in the hanging wall

rocks were not constrained to a single locale as exemplified by the original HW Zone. This discovery

fortifies the sizable exploration potential of this large-scale mineralizing system for both near mine and

regional resource expansion.”

21E Zone Continues to Validate High Tenor of Pit Constrained Mineralization

Equally as impressive are the tenor and widths that have recently been drilled in the 21E Zone as is

highlighted by 27.13 g/t Au, 271 g/t Ag (30.74 g/t AuEq) over 10.00 m (SK-20-746) including impressive

subintervals grading 109.00 g/t Au, 199 g/t Ag (111.65 g/t AuEq) over 1.00 m and 89.10 g/t Au, 2,450

g/t Ag (121.77 g/t AuEq) over 0.80 m . This intercept represents a 20 m step out and potential

expansion of in-pit resources due to its location outside the limits of the existing resource model. The

21E Zone is situated on the eastern flank of the Eskay Creek deposits and represent a combinati on

of primary exhalative mineralization overprinted and enriched by auriferous fluids during protracted

reactivation of synvolcanic structures.

About Skeena

Skeena Resources Limited is a Canadian mining exploration company focused on revitalizing the past-

producing Eskay Creek gold -silver mine located in Tahltan Territory in the Golden Triangle of

northwest British Columbia, Canada. The Company released a robu st Preliminary Economic

Assessment in late 2019 and is currently focused on infill and exploration drilling to advance Eskay

Creek to full Feasibility by the end of 2021. Additionally, Skeena continues exploration programs at

the past-producing Snip gold mine.

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

Walter Coles Jr.

President & CEO

Contact Information

Investor Inquiries: [email protected]

Office Phone: +1 604 684 8725

Company Website: www.skeenaresources.com

Qualified Persons

Exploration activities at the Eskay Creek Project are administered on site by the Company’s

Exploration Managers, Raegan Markel, P.Geo. and Adrian Newton, P.Geo. In accordance with

National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice

President Exploration and Resource Development, is the Qualified Person for the Company and has

prepared, validated and appr oved the technical and scientific content of this news release. The

Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting

the exploration activities on its projects.

Quality Assurance – Quality Control

Once r eceived from the drill and processed, all drill core samples are sawn in half, labelled and

bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are

applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC)

samples at regular intervals in the sample stream, including blanks and reference materials with all

sample shipments to monitor laboratory performance. The QAQC program was designed and

approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s

Qualified Person, Paul Geddes, P.Geo, Vice President Exploration and Resource Development.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, Briti sh

Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard

for gold assays and all analytical methods include quality control materials at set frequencies with

established data acceptance criteria. The entire sample is crushed and 1 kg is pulverized. Analysis for

gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and

upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 50 g

fire assay fusion with gravimetric finish. Analysis for silver is by 50 g fire assay fusion with gravimetric

finish with a lower limit of 5ppm and upper limit of 10,000 ppm. Samples with silver assays greater

than 10,000 ppm are re -analyzed using a gravime tric silver concentrate method. A selected number

of samples are also analyzed using a 48 multi -element geochemical package by a 4 -acid digestion,

followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP -AES) and Inductively

Coupled Plasma Mass Spectroscopy (ICP-MS) and also for mercury using an aqua regia digest with

Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP -AES) finish. Samples with sulfur

reporting greater than 10% from the multi -element analysis are re -analyzed for tot al sulfur by Leco

furnace and infrared spectroscopy.

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. These statements and informat ion are

based on facts currently available to the Company and there is no assurance that actual results will meet management’s expect ations.

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

“expects”, “may”, “will”, “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 reali zation of resource and

reserve estimates, 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 results 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 the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the

adequacy or accuracy of this release.

Table 1: Eskay Creek Project 2020 Length-Weighted Drill Hole Gold and Silver Composites:

Hole-ID From (m) To (m) Core Length Au (g/t) Ag (g/t) AuEq (g/t) Zone

SK-20-692 78.40 98.45 20.05 4.33 13 4.50 21C

Including 79.40 80.40 1.00 9.89 19 10.14 21C

SK-20-698 79.05 108.30 29.25 1.39 8 1.49 21C

SK-20-698 120.25 135.30 15.05 1.77 71 2.72 21C

SK-20-720 121.65 160.00 38.35 2.43 33 2.86 21C

Including 142.94 143.82 0.88 21.20 8 21.31 21C

and 143.82 145.00 1.18 9.99 13 10.16 21C

SK-20-721 127.30 152.00 24.70 3.87 7 3.96 21C

Including 138.24 139.07 0.83 15.10 <5 15.10 21C

and 139.07 139.72 0.65 10.05 <5 10.05 21C

and 139.72 140.37 0.65 10.60 <5 10.60 21C

and 140.37 141.36 0.99 13.90 7 13.99 21C

SK-20-722 123.66 129.50 5.84 1.15 14 1.34 21C

SK-20-722 137.00 152.00 15.00 3.38 10 3.52 21C

Including 138.00 138.50 0.50 49.30 27 49.66 21C

SK-20-723 18.00 21.10 3.10 3.37 100 4.70 21E

SK-20-723 27.80 40.86 13.06 1.54 109 2.99 21E

Including 37.00 37.50 0.50 2.59 1515 22.79 21E

SK-20-724 20.00 24.26 4.26 4.27 110 5.73 21E

Including 22.00 23.00 1.00 7.81 199 10.46 21E

SK-20-724 35.50 46.00 10.50 1.77 258 5.21 21E

Including 45.00 45.50 0.50 3.36 3050 44.03 21E

SK-20-726 162.00 172.06 10.06 0.75 5 0.82 21C

SK-20-726 175.00 179.03 4.03 1.24 5 1.31 21C

SK-20-727 119.12 134.50 15.38 1.18 11 1.32 21E

SK-20-727 143.50 153.00 9.50 0.70 40 1.23 21E

SK-20-728 112.00 126.50 14.50 1.12 31 1.53 21E

SK-20-728 129.50 150.00 20.50 1.17 107 2.60 21E

Including 136.87 137.50 0.63 1.84 999 15.16 21E

SK-20-729 141.72 147.52 5.80 1.32 8 1.43 21C

SK-20-731 7.64 22.85 15.21 1.43 370 6.36 HW

Including 13.00 16.00 3.00 2.55 1475 22.22 HW

SK-20-731 32.58 45.00 12.42 0.66 35 1.12 HW

SK-20-732 8.70 17.42 8.72 6.33 884 18.11 HW

Including 8.70 10.00 1.30 11.05 5460 83.85 HW

and 10.00 11.00 1.00 12.75 253 16.12 HW

and 11.00 12.50 1.50 13.85 128 15.56 HW

SK-20-732 20.50 23.00 2.50 0.73 20 0.99 HW

SK-20-732 27.00 38.00 11.00 0.82 9 0.94 HW

SK-20-735 126.00 134.23 8.23 4.51 480 10.91 21C

Hole-ID From (m) To (m) Core Length Au (g/t) Ag (g/t) AuEq (g/t) Zone

Including 127.00 128.00 1.00 7.03 923 19.34 21C

and 128.00 128.97 0.97 0.99 1180 16.72 21C

and 130.20 131.00 0.80 3.70 932 16.13 21C

and 131.00 131.60 0.60 16.85 966 29.73 21C

and 132.10 133.10 1.00 7.73 172 10.02 21C

SK-20-735 147.80 159.00 11.20 4.23 231 7.31 21C

Including 147.80 148.80 1.00 1.04 759 11.16 21C

and 148.80 149.80 1.00 1.30 1030 15.03 21C

and 149.80 150.53 0.73 1.50 768 11.74 21C

and 154.23 155.00 0.77 31.00 46 31.61 21C

and 155.00 156.00 1.00 13.05 13 13.22 21C

SK-20-735 162.08 196.00 33.92 2.69 30 3.09 21C

Including 176.50 178.00 1.50 23.00 90 24.20 21C

and 178.00 178.50 0.50 7.36 225 10.36 21C

SK-20-735 200.50 207.96 7.46 0.96 7 1.04 21C

SK-20-735 210.50 215.00 4.50 1.39 5 1.46 21C

SK-20-736 47.50 52.00 4.50 3.82 211 6.63 21E

SK-20-736 55.55 58.50 2.95 0.61 113 2.12 21E

SK-20-737 67.45 74.21 6.76 1.40 15 1.60 21E

SK-20-737 92.45 105.50 13.05 1.03 141 2.91 21E

Including 102.50 104.00 1.50 1.26 1040 15.13 21E

SK-20-738 109.00 135.45 26.45 2.53 42 3.09 21E

SK-20-739 53.81 56.00 2.19 1.56 6 1.64 21E

SK-20-740 100.64 115.50 14.86 8.02 541 15.23 21E

Including 106.50 107.97 1.47 17.80 4820 82.07 21E

and 107.97 109.50 1.53 20.10 387 25.26 21E

and 111.00 112.50 1.50 13.15 7 13.24 21E

and 112.50 114.00 1.50 12.90 13 13.07 21E

SK-20-741 65.00 67.27 2.27 1.34 10 1.47 21E

SK-20-741 148.50 160.00 11.50 1.74 21 2.01 21E

SK-20-742 4.76 14.25 9.49 1.36 26 1.71 21E

SK-20-742 22.00 30.52 8.52 0.57 48 1.21 21E

SK-20-742 53.00 56.00 3.00 1.12 7 1.21 21E

SK-20-742 60.00 84.50 24.50 3.34 160 5.48 21E

Including 62.00 63.00 1.00 3.58 723 13.22 21E

and 63.00 64.00 1.00 3.91 592 11.80 21E

and 64.00 64.91 0.91 3.22 820 14.15 21E

and 64.91 65.86 0.95 2.78 691 11.99 21E

and 79.60 81.00 1.40 9.46 60 10.26 21E

SK-20-743 73.00 83.00 10.00 1.35 39 1.87 21E

SK-20-743 86.00 100.00 14.00 1.61 6 1.69 21E

SK-20-744 33.20 35.20 2.00 0.33 44 0.92 21E

SK-20-744 73.65 93.50 19.85 1.78 11 1.94 21E

SK-20-745 79.35 104.50 25.15 1.55 19 1.81 21E

SK-20-745 109.20 111.50 2.30 0.53 45 1.13 21E

SK-20-746 56.00 66.00 10.00 27.13 271 30.74 21E

Including 59.44 60.40 0.96 29.30 36 29.78 21E

and 60.40 61.40 1.00 109.00 199 111.65 21E

and 61.40 62.20 0.80 89.10 2450 121.77 21E

and 62.20 63.10 0.90 40.80 350 45.47 21E

and 63.10 64.00 0.90 11.95 42 12.51 21E

SK-20-746 81.06 86.45 5.39 2.13 36 2.60 21E

Including 85.40 85.90 0.50 8.51 143 10.42 21E

SK-20-747 3.77 8.50 4.73 0.43 218 3.33 21E

SK-20-747 13.00 26.30 13.30 0.87 154 2.92 21E

Hole-ID From (m) To (m) Core Length Au (g/t) Ag (g/t) AuEq (g/t) Zone

Including 20.50 22.00 1.50 1.89 1065 16.09 21E

SK-20-748 118.00 120.50 2.50 0.10 246 3.38 21C

SK-20-748 126.91 133.28 6.37 3.35 596 11.30 21C

Including 126.91 127.50 0.59 6.04 770 16.31 21C

and 127.50 128.50 1.00 3.14 1505 23.21 21C

and 128.50 129.00 0.50 1.08 808 11.85 21C

and 129.00 129.67 0.67 12.50 549 19.82 21C

SK-20-748 145.15 174.50 29.35 3.20 83 4.31 21C

Including 159.00 160.00 1.00 12.45 40 12.98 21C

and 170.81 171.73 0.92 8.68 192 11.24 21C

and 171.73 173.00 1.27 11.15 14 11.34 21C

SK-20-748 180.50 198.61 18.11 0.90 19 1.16 21C

SK-20-748 201.50 220.50 19.00 1.13 5 1.20 21C

SK-20-749 9.18 27.15 17.97 1.15 176 3.50 21E

Including 24.90 25.70 0.80 2.55 2180 31.62 21E

SK-20-749 49.30 94.00 44.70 2.01 54 2.73 21E

Including 90.00 91.00 1.00 1.95 1075 16.28 21E

SK-20-750 10.58 24.00 13.42 1.06 75 2.06 21E

SK-20-750 54.60 65.00 10.40 6.01 6 6.09 21E

Including 60.63 62.00 1.37 14.10 <5 14.10 21E

SK-20-751 9.00 15.68 6.68 0.84 21 1.12 21E

SK-20-751 18.50 21.50 3.00 0.91 40 1.43 21E

SK-20-751 45.50 57.00 11.50 2.25 5 2.32 21E

SK-20-752 8.26 14.00 5.74 0.84 79 1.90 21E

SK-20-752 19.50 27.00 7.50 0.85 29 1.24 21E

SK-20-752 47.98 76.00 28.02 5.68 38 6.18 21E

Including 59.68 60.64 0.96 21.30 129 23.02 21E

and 64.90 66.00 1.10 11.00 8 11.11 21E

and 67.50 69.00 1.50 17.40 104 18.79 21E

and 69.00 70.50 1.50 14.50 64 15.35 21E

and 70.50 71.75 1.25 9.64 41 10.19 21E

SK-20-753 142.70 160.00 17.30 2.54 5 2.61 21B

SK-20-753 165.50 168.00 2.50 0.79 5 0.85 21B

SK-20-754 147.00 172.00 25.00 3.92 26 4.27 21B

Including 166.00 167.50 1.50 9.76 56 10.51 21B

and 167.50 169.00 1.50 11.30 84 12.42 21B

SK-20-754 176.50 179.50 3.00 0.77 5 0.84 21B

SK-20-756 168.32 171.00 2.68 8.26 5 8.32 21C

Including 168.32 169.50 1.18 12.05 5 12.12 21C

SK-20-756 181.50 187.50 6.00 0.99 5 1.05 21C

SK-20-757 56.21 58.65 2.44 1.73 37 2.21 21E

SK-20-757 101.91 130.00 28.09 4.11 164 6.30 21E

Including 103.79 105.00 1.21 12.65 121 14.26 21E

and 112.20 113.26 1.06 21.30 630 29.70 21E

and 121.60 122.75 1.15 16.15 800 26.82 21E

and 122.75 124.18 1.43 4.07 1460 23.54 21E

SK-20-759 57.00 59.80 2.80 0.92 5 0.99 21E

SK-20-759 63.55 89.65 26.10 3.85 53 4.55 21E

Including 71.00 72.00 1.00 11.00 82 12.09 21E

and 81.00 82.00 1.00 12.20 230 15.27 21E

and 82.00 83.00 1.00 9.18 150 11.18 21E

and 84.00 85.00 1.00 11.00 178 13.37 21E

and 85.00 85.65 0.65 10.70 144 12.62 21E

SK-20-760 64.15 81.50 17.35 1.89 37 2.37 21E

Including 71.50 72.85 1.35 9.94 110 11.41 21E

Hole-ID From (m) To (m) Core Length Au (g/t) Ag (g/t) AuEq (g/t) Zone

SK-20-761 59.30 61.35 2.05 1.17 26 1.52 21E

SK-20-761 64.90 70.25 5.35 0.61 13 0.79 21E

SK-20-761 108.25 111.95 3.70 3.41 15 3.61 21E

SK-20-762 103.96 108.50 4.54 0.92 24 1.25 21E

SK-20-763 83.10 86.00 2.90 1.60 11 1.75 21E

SK-20-763 114.50 140.00 25.50 2.49 213 5.34 21E

Including 115.90 117.40 1.50 9.33 76 10.34 21E

and 128.75 129.50 0.75 13.35 4300 70.68 21E

and 131.00 131.90 0.90 4.30 434 10.09 21E

SK-20-764 74.11 115.00 40.89 3.14 114 4.65 21E

Including 101.03 103.00 1.97 9.49 684 18.61 21E

and 103.00 105.00 2.00 19.15 86 20.30 21E

and 112.00 114.00 2.00 4.06 720 13.66 21E

SK-20-765 158.50 162.60 4.10 1.03 5 1.10 21C

SK-20-765 168.50 177.68 9.18 1.18 5 1.25 21C

SK-20-766 9.00 14.00 5.00 0.65 17 0.87 21E

SK-20-766 18.20 26.50 8.30 0.72 115 2.25 21E

SK-20-766 54.50 73.60 19.10 1.64 19 1.90 21E

SK-20-767 87.55 108.50 20.95 1.99 34 2.44 21E

SK-20-767 113.00 120.00 7.00 2.54 8 2.64 21E

SK-20-768 39.00 43.00 4.00 0.63 29 1.01 21E

SK-20-768 66.70 69.50 2.80 0.29 511 7.10 21E

SK-20-768 83.00 97.50 14.50 5.60 22 5.89 21E

Including 93.00 94.50 1.50 12.25 15 12.45 21E

and 94.50 96.00 1.50 23.30 23 23.61 21E

SK-20-769 84.50 90.00 5.50 1.25 8 1.36 21E

SK-20-769 96.00 99.00 3.00 0.57 60 1.36 21E

SK-20-769 108.00 124.00 16.00 1.84 90 3.04 21E

SK-20-770 59.00 72.17 13.17 4.98 28 5.35 HW

Including 67.42 68.21 0.79 12.85 36 13.33 HW

SK-20-771 62.88 82.10 19.22 4.15 94 5.40 HW

Including 69.97 70.66 0.69 81.10 1595 102.37 HW

SK-20-772 71.74 78.00 6.26 3.65 358 8.43 HW

Including 74.00 75.00 1.00 4.40 1065 18.60 HW

and 75.00 76.13 1.13 6.45 300 10.45 HW

SK-20-773 69.50 85.00 15.50 5.35 113 6.86 HW

Including 73.00 74.00 1.00 25.90 166 28.11 HW

and 74.00 76.26 2.26 11.15 569 18.74 HW

SK-20-774 118.00 120.30 2.30 5.77 67 6.66 21B

Including 119.75 120.30 0.55 15.15 243 18.39 21B

SK-20-774 128.60 138.50 9.90 3.14 36 3.62 21B

Including 134.00 135.50 1.50 9.59 97 10.88 21B

SK-20-774 143.00 153.00 10.00 1.30 13 1.48 21B

SK-20-774 173.00 183.50 10.50 2.37 58 3.14 21B

Including 178.00 179.00 1.00 15.95 550 23.28 21B

SK-20-775 122.50 125.50 3.00 1.65 8 1.76 21B

SK-20-775 133.50 154.00 20.50 2.15 110 3.62 21B

Including 134.00 135.00 1.00 16.30 305 20.37 21B

and 136.50 137.00 0.50 3.63 1400 22.30 21B

and 137.00 137.50 0.50 4.14 1360 22.27 21B

SK-20-775 162.00 165.00 3.00 0.69 12 0.85 21B

SK-20-775 168.50 177.50 9.00 1.82 9 1.94 21B

SK-20-775 182.00 186.50 4.50 1.40 5 1.47 21B

SK-20-776 140.00 150.00 10.00 9.00 68 9.91 21E

Including 141.00 142.50 1.50 20.90 83 22.01 21E

Hole-ID From (m) To (m) Core Length Au (g/t) Ag (g/t) AuEq (g/t) Zone

and 144.00 145.50 1.50 10.85 50 11.52 21E

and 145.50 147.00 1.50 14.15 100 15.48 21E

SK-20-777 31.00 33.21 2.21 1.51 24 1.83 21E

SK-20-778 28.00 30.50 2.50 0.89 30 1.29 21E

SK-20-778 142.85 154.00 11.15 3.80 30 4.20 21E

SK-20-780 78.50 109.00 30.50 4.65 11 4.80 21C

Including 86.60 88.10 1.50 19.85 20 20.12 21C

SK-20-780 112.40 114.65 2.25 1.04 10 1.17 21C

SK-20-780 120.55 123.40 2.85 4.33 41 4.88 21C

Including 121.40 122.40 1.00 10.75 82 11.84 21C

SK-20-780 126.60 148.00 21.40 3.27 8 3.37 21C

Including 128.60 130.00 1.40 11.75 21 12.03 21C

and 130.00 131.00 1.00 11.80 14 11.99 21C

SK-20-781 38.40 42.96 4.56 1.70 5 1.76 HW

SK-20-782 48.00 56.05 8.05 2.61 5 2.67 HW

SK-20-783 34.00 36.00 2.00 1.07 5 1.14 HW

SK-20-783 40.00 50.00 10.00 2.59 16 2.81 HW

SK-20-784 32.00 44.50 12.50 2.33 428 8.04 HW

Including 40.00 41.50 1.50 3.73 774 14.05 HW

and 41.50 43.00 1.50 2.70 1515 22.90 HW

SK-20-786 43.40 51.15 7.75 2.04 257 5.47 HW

Including 49.00 49.70 0.70 4.72 1925 30.39 HW

SK-20-786 54.30 60.30 6.00 1.35 63 2.19 HW

SK-20-787 34.13 36.30 2.17 0.64 13 0.81 HW

SK-20-787 39.75 46.50 6.75 2.03 41 2.58 HW

SK-20-787 50.17 53.70 3.53 1.20 88 2.37 HW

SK-20-787 59.70 63.00 3.30 0.51 62 1.34 HW

SK-20-788 175.17 219.50 44.33 2.22 23 2.52 21C

SK-20-793 63.95 66.08 2.13 1.24 23 1.55 21E

SK-20-793 70.50 102.56 32.06 2.29 30 2.69 21E

Including 98.50 99.41 0.91 17.15 174 19.47 21E

SK-20-807 42.25 44.36 2.11 5.96 253 9.33 21B/NEX

SK-20-807 54.35 64.30 9.95 1.27 13 1.43 21B/NEX

SK-20-807 68.00 75.00 7.00 1.12 5 1.19 21B/NEX

SK-20-725 ABANDONED

SK-20-730 ABANDONED

SK-20-733 NOT DRILLED

SK-20-734 NOT DRILLED

SK-20-755 ABANDONED

SK-20-758 ABANDONED

SK-20-779 ABANDONED

SK-20-785 ABANDONED

SK-20-789 NOT DRILLED

SK-20-790 NOT DRILLED

SK-20-791 NOT DRILLED

SK-20-792 NOT DRILLED

SK-20-794 ASSAYS PENDING

SK-20-795 NOT DRILLED

SK-20-796 NOT DRILLED

SK-20-797 NOT DRILLED

SK-20-798 NOT DRILLED

SK-20-799 NOT DRILLED

SK-20-800 NOT DRILLED

SK-20-801 NOT DRILLED

SK-20-802 NOT DRILLED