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File: 2016.12.28_Skeena Completes FT Financing_FINAL.docx



Skeena Completes Flow-Through Financing

Vancouver, BC (December 28, 2016) Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") is pleased to anno
--->unce that it has completed its previously announced non-brokered private placement financing of flow-through common sh
--->ares.

On closing of the financing, the Company issued 8,107,777 flow-through common shares, at $0.09 CDN per share for gross
---> proceeds of $729,700. A 7% cash finders' fee was paid to qualified agents on a portion of the funds raised in accorda
--->nce with TSX Venture Exchange regulations. The flow-through common shares are subject to a four-month hold period whic
--->h will expire on April 24, 2017.

The gross proceeds from the flow-through common shares will be used to fund Canadian exploration expenses.

About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective base and pr
--->ecious metal properties in the Golden Triangle region of northwest British Columbia, Canada. The Company's primary act
--->ivities are the evaluation and development of the Spectrum-GJ gold-copper project as well as exploration on the recent
--->ly optioned past-producing Snip gold mine, acquired from Barrick Gold, and the past-producing Porter Idaho silver mine
--->. Skeena's management includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman of the Bo
--->ard.

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

/
Walt Coles Jr.
President & CEO

Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute "forward looking information" and "forward loo
--->king statements" within the meaning of applicable Canadian and United States securities legislation, including, among 
--->other things, information with respect to this presentation. These statements and information are based on facts curre
--->ntly available to the Company and there is no assurance that actual results will meet management's expectations.  Forw
--->ard-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estim
--->ates", "plans", "expects", "may", "will", "could" or "would".  Forward-looking statements and information contained he
--->rein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources a
--->nd reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amo
--->unt 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 considers its assumpti
--->ons to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future pe
--->rformance and readers should not place undue importance on such statements as actual events and results may differ mat
--->erially from those described herein. The Company does not undertake to update any forward-looking statements or inform
--->ation except as may be required by applicable securities laws. 

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