Mr. Mac Balkam reports

ESKAY MINING SELLS 5 MINING CLAIMS TO SKEENA RESOURCES

Eskay Mining Corp. has sold five mining claims in the Golden Triangle area of British Columbia to Skeena Resources Ltd. in consideration for aggregate cash payments of $4-million. The initial consideration of $2-million was paid to Eskay on closing, a further $1-million is payable on Oct. 31, 2023, and the final $1-million payment is payable on Dec. 31, 2023. Eskay retains a 2-per-cent smelter return royalty in the claims. Skeena can purchase 50 per cent of the royalty at any time for $2-million. In addition, Eskay will not be required to pay any road use fees to Skeena for its use of the Eskay Creek Road for the five-year period ending Dec. 31, 2027, provided that its road use those years is consistent with its road use in 2022. Four of the claims are north and west of the Skeena Eskay Creek project and one of the claims is adjacent to the west side of the Skeena Eskay Creek project.

The company also wishes to announce that, further to its press release of May 18, 2023, the Eskay exploration team has been mobilized to the camp and is preparing for the 2023 exploration and drilling season at the company's Consolidated Eskay project, Golden Triangle, B.C.

About Eskay Mining Corp.

Eskay Mining is a TSX Venture Exchange-listed company, headquartered in Toronto, Ont. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwest British Columbia known as the Golden Triangle, 70 kilometres northwest of Stewart, B.C. The company currently holds mineral tenures in this area comprising 177 claims (52,600 hectares).

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