Mr. Walt Coles Jr. reports

SKEENA ANNOUNCES $4 MILLION PRIVATE PLACEMENT FINANCING

Skeena Resources Ltd. intends to raise $4-million in a non-brokered private placement financing, on a best-efforts basis, by the issuance of flow-through shares and non-flow-through shares, subject to regulatory approval. Each flow-through share will be priced at eight cents per share and each non-flow-through share will be priced at six cents per share. Shares issued under this financing will be subject to a hold period of four months and one day from the closing date of the offering. Finders' fees may be payable to qualified agents on a portion of the funds raised in accordance with exchange regulations.

The net proceeds from this financing are intended for a 10,000- to 12,000-metre diamond drill program on the Spectrum project in northwest British Columbia as well as for general corporate purposes.