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File: 2017.01.31_Skeena Grants Stock Options.docx




Skeena Grants Stock Options


Vancouver, BC (January 31, 2017) Skeena Resources Limited (TSX.V: SKE) ("Skeena" or the "Company") reports that the Bo
--->ard of Directors has granted 8,300,000 incentive stock options to directors, officers and consultants of the Company, 
--->subject to TSX Venture Exchange approval. The options will have a term of 5 years, expiring on January 31, 2022.  Each
---> option will allow the holder to purchase one common share in the Company at a price of $0.10. A total of 75,000 of th
--->e options are subject to vesting over a period of one year in accordance with Exchange regulations. Any shares issued 
--->on the exercise of these stock options will be subject to a four month hold period from date of grant.


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 past-p
--->roducing Snip gold mine, acquired from Barrick Gold, and the past-producing Porter Idaho silver mine. Skeena's managem
--->ent includes a highly experienced team of mine-finders, including Ron Netolitzky, Chairman of the Board.

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.