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SKE.TO ·

Skeena to Commence Trading on the NYSE

Listings & Exchange

Skeena to Commence Trading on the NYSE

Vancouver, BC ( October 27, 2021) Skeena Resources Limited (TSX: SKE, OTCQX: SKREF)

(“Skeena” or the “Company”) is pleased to announce that the Company has received listing

authorization from the New York Stock Exchange (“NYSE”) and has filed a Form 40-F (“40-F”) with

the U.S. Securities and Exchange Commission (“SEC”). The Company expects to begin trading on

the NYSE on November 1, 2021 under ticker symbol “SKE” . The Company’s common shares will

continue trading on the TSX under ticker symbol “SKE”.

Concurrent with the start of trading on the NYSE, Skeena’s common shares will cease trading on the

OTC Markets. Shareholders are not required to take any action.

About Skeena

Skeena Resources Limited is a Canadian mining exploration and development 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 Prefeasibility Study for

Eskay Creek in July 2021 which highlights an open -pit average grade of 4.57 g/t AuEq, an after -tax

NPV5% of C$1.4B, 56% IRR, and a 1.4 -year payback at US$1,550/oz Au. Skeena is currently

completing both infill and exploration drilling to advance Eskay Creek to full Feasibility by Q1 2022.

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

The scientific and technical information in this press release was approved by Paul Geddes, P.Geo.,

a Qualified person as defined under National Instrument 43-101 and Vice President, Exploration and

Resource Development for the Company.

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 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”, “estima tes”, “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 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 other matters. While the Company

NR: 21-38 | October 27, 2021

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.