Skeena Provides Regional Exploration Update on 100% Owned KSP Property - Seite 2

The Bronson Corridor is a 25-kilometer long mineralized belt of receptive Upper Triassic Stuhini Group volcanic and sedimentary units and Lower Jurassic Hazelton Group volcanic and volcano-sedimentary units intruded by Early Jurassic plutons, stocks, and dikes of the Lehto batholith. It extends southeast from Skeena's past-producing Snip mine and is characterized by extensive quartz-sericite-pyrite alteration zones and precious and base metal-rich veins and stockworks spatially associated with the intrusive suite. The Bronson Corridor is bound to the southwest by the regional-scale Sky Fault System, a set of basin-bounding normal faults that were reactivated as post-mineral reverse faults and likely localized the emplacement of Early Jurassic intrusions and related Au-Cu porphyry mineralization.

Skeena considers KSP early stage given the historically fragmented ownership, former depressed commodity prices and lack of sufficient funding to systematically explore the district. Excluding the Inel prospect, only 12,514 metres of widely spaced, shallow historical drilling has been completed on the Property. With the Company's focus this season being property-scale, early-stage data compilation that will assist in methodically evaluating the mineral potential and help define more focused targets moving forward, the technical team was very encouraged with the results and identification of three exciting targets: Tami, Khyber Gap, and Pins.

Tami Target

The Tami target is identifiable by a 6 x 2.5-kilometer package of strongly quartz-sericite-pyrite altered andesitic volcanic rocks that comprise an elongated northeast trending ridge in the central part of the Property. High tenor Au-Cu mineralization has been confirmed in rock grab samples from select areas within the andesitic cover rocks and also from propylitic to potassic altered intrusive dikes cut by multi‑generational porphyry style veins:

• 14.20 g/t Au, 11.4 g/t Ag, 1.09% Cu, 0.05% Zn (K063909)
• 9.26 g/t Au, 6.9 g/t Ag, 0.71% Cu, 0.02% Zn (K063916)
• 2.39 g/t Au, 5.9 g/t Ag, 0.72% Cu, 0.13% Zn (K063913)

Limited historical drilling of 6,261 metres over 40 holes focused on the near surface environment with the average hole length only measuring approximately 150 metres. The interpreted deeper intrusive body underlying the andesite cover rocks has yet to be drill tested.