Skeena Resources Limited announced the expansion of the recently discovered 23 Zone, located outside the limits of the Company's current pit-constrained mineral resources at the Eskay Creek gold- silver project in the Golden Triangle of British Columbia. Analytical results from the recently completed drill holes are detailed in this release. Reference images are presented at the end of this release as well as on the Company's website.

Situated beyond the extents of the currently defined pit-constrained resources at Eskay Creek, the Company has grown the recently discovered 23 Zone of near surface Au-Ag mineralization. This new zone was revealed by drilling in the fourth quarter of 2021 as part of the ongoing regional exploration program. Drill hole SK-21-971 was collared east of the newly announced discovery drill holes and has expanded the up-dip mineralization by 90 m having intersected 1.97 g/t Au, 3 g/t Ag (2.00 g/t AuEq) over 40.50 m. Drilling to date indicates a shallow, westerly dipping geometry and the 23 Zone remains open for expansion in all directions.

Positioned 200 m east of the high-grade 21A Zone, the area was historically drilled from surface by previous operators on widely spaced drill centers. Selective drill hole sampling during this era meant that the discovery of the larger and more robust mineralized widths observed as a result of the 2021 drilling program, were missed historically. This lack of non-continuous historical sampling is evidenced by 2021 drill hole SK-21-963 which intersected 0.58 g/t Au, 14 g/t Ag (0.76 g/t AuEq) over 52.00 m only metres away from historical 1990 drill hole CA90-433 which due to non-continuous sampling only reported 1.44 g/t AuEq and 0.82 g/t AuEq over 2.00 m and 5.00 m, respectively.

Mineralization in the 23 Zone is almost exclusively hosted within dacitic volcanic rocks and to a lesser degree, the overlying Lower Mudstone unit. As such, the Au-Ag grade is consistent with that observed in footwall mineralization elsewhere on the property (21A, 21B, 21C, 22 Zones). Concentrations of the epithermal suite of elements (As, Hg, Sb), are negligible as is the case with this style of footwall mineralization across Eskay Creek.

Gold in soil anomalies supported by geological considerations were targeted by an additional 6 drill holes on the Southern Extension targets on the property. Despite intersecting highly altered host rocks, no substantial grades were returned in these specific locations. The regional exploration drilling program was designed to pragmatically test near surface targets across the Eskay Creek property with the goal of delineating additional near surface resources tosupplement the existing mine plan.

To date, 72 drill holes totaling 12,890 m have been completed representing 37% of the budgeted 35,000 m drill program. Of the 72 drill holes, 44 have been released to date and the remaining 28 will be released once the Company receives the pending assay results. The outstanding meterage for the regional exploration program will be drilled once the Albino Waste Facility drill program has been completed in second quarter of 2022.