Skeena Completes Sale of GJ to Newcrest for $ 7.5 Million

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Vancouver, BC (1st of May 2020) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “company ) is happy that Completion of the on February 4, 2020 announced Kaucontract for the sale of 100% of Company’s stake in the GJ copper-gold property (the “GJ Property”) Newcrest Red Chris Mining Limited (“Newcrest“) known for C $ 7.5 million in cash to give.

According to the terms of the asset purchase contract with Newcrest in return on February 3, 2020, Skeena sold 100% of Skeenas Share in the GJ plot:

a cash payment of C $ 7.5 million to Skeena; and

The assumption of future payment obligations and license fees on the GJ property by Newcrest, including those identified in the Company’s press release dated June 6, October 2015 spelled out were.

The transaction is subject to certain terms, including but not limited to the receipt of all required consent and approval, including the approval of the TSX Venture Exchange.

About Skeena

Skeena Resources Limited is a young Canadian mining exploration company focused on developing prospective precious metal properties in the Golden Triangle in northwestern British Columbia, Canada. The company’s main activities are exploration and development of the formerly producing Eskay Creek Mine and the Snip Mine.

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

Walter Coles Jr.

President and CEO

Warning about forward-looking statements

Certain statements and information contained herein may constitute “forward-looking information” and “forward-looking statements” within the meaning of the applicable Canadian and United States securities laws. These statements and information are based on facts that are currently available to the company and there is no guarantee that actual results will meet management expectations. Forward-looking statements and information can be expressed using terms such as “future”, “anticipated”, “believes”, “goals”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions that include, but are not limited to, mineral resource and reserve estimates, resource and reserve estimate estimates, metal prices, taxation, the estimate, schedule, and amount future exploration and development, capital and operating costs, the availability of funding, obtaining regulatory approvals, environmental risks, litigation and other matters. Although the Company believes its beliefs to be reasonable at the time of this document, 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 differ materially from those described here can distinguish. The company undertakes no obligation to update forward-looking statements or information unless required by applicable securities laws.

Neither the TSX Venture Exchange nor the investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

In Europe:

Sknow Resource Capital AG

Jochen Staiger

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