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Skeena Reports Fourth Quarter and Annual 2024 Financial Results

Financials

Skeena Gold + Silver TSX: SKE | NYSE: SKE 1

www.skeenagoldsilver.com

Skeena Reports Fourth Quarter and Annual 2024 Financial Results

Vancouver, BC (March 31, 2025) Skeena Resources Limited (TSX: SKE; NYSE: SKE) (“Skeena Gold & Silver” ,

“Skeena” or the “Company ”) reported its fourth quarter and annual financial results for the year ended

December 31, 2024. The financial statements, management’s discussion and analysis (“MD&A”), and annual

information form (“AIF”) are available on Skeena’s website and have been posted under the Company’s profile

on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

About Skeena

Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold -Silver

Project – a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay

Creek will be one of the highest -grade and low est cost open -pit precious metals mines in the world, with

substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to

sustainable mining practices and maximizing the potential of its mineral resources. In part nership with the

Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering

long-term value and sustainable growth for its stakeholders.

Contact Information

Galina Meleger

Vice President Investor Relations

E: [email protected]

T: 604-684-8725

Qualified Persons

In accordance with National Instrument 43 -101 Standards of Disclosure for Mineral Projects, Paul Geddes,

P .Geo., Senior Vice President, Exploration & Resource Development, is the Qualified Person for the Company

and has prepared, validated, and approved the technical and scientific statements and information contained

in th is news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting,

documenting, and reporting the exploration activities on its projects.

Cautionary note regarding forward-looking statements

Certain statements and information contained in this news release constitute “forward -looking information” and “forward -

looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively, “forward-

looking statement s”). These statements relate to future events or our future performance. The use of words such as

“anticipates” , “believes” , “proposes” , “contemplates” , “generates” , “targets” , “is projected” , “is planned” , “considers” ,

“estimates” , “expects” , “is expected” , “potential” and similar expressions, or statements that certain actions, events or results

“may” , “might” , “will” , “could” , or “would” be taken, achieved, or occur, may identify forward-looking statements. All statements

other than statements of historical fact are forward-looking statements. Specific forward-looking statements contained herein

include, but are not limited to, statements regarding the future price of metals, metal concentrate, and future exploration a nd

development. Such forward-looking statements are based on material factors and/or assumptions which include, but are not

limited to, the estimation of mineral resources and reserves, the realization 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 the assumptions set forth herein and in

the Company’s MD&A for the year ended December 31, 2024, its most recently filed interim MD&A, and the Company’s Annual

Information Form (“AIF”) dated March 31, 202 5. Such forward -looking statements represent the Company’s management

expectations, estimates and projections regarding future events or circumstances on the date the statements are made, and are

2 Skeena Gold + Silver TSX: SKE | NYSE: SKE

necessarily based on several estimates and assumptions that, while considered reasonable by the Company as of the date

hereof, are not guarantees of future performance. Actual events and results may differ materially from those described herein ,

and are su bject to significant operational, business, economic, and regulatory risks and uncertainties. The risks and

uncertainties that may affect the forward -looking statements in this news release include, among others: the inherent risks

involved in exploration and development of mineral properties, including permitting and other government approvals; changes

in economic conditions, including changes in the price of gold and other key variables; changes in mine plans and other factors,

including accidents, equipm ent breakdown, bad weather and other project execution delays, many of which are beyond the

control of the Company; environmental risks and unanticipated reclamation expenses; and other risk factors identified in the

Company’s MD&A for the year ended Decem ber 31, 2024, its most recently filed interim MD&A, the AIF dated March 31, 2025,

the Company’s short form base shelf prospectus dated March 19, 2025 , and in the Company’s other periodic filings with

securities and regulatory authorities in Canada and the United States that are available on SEDAR+ at www.sedarplus.ca or on

EDGAR at www.sec.gov.

Readers should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as

of the date on which it is made and the Company does not undertake any obligations to update and/or revise any forward-

looking statements except as required by applicable securities laws.