Seabridge Closes US$225 Million Financing Toronto, Ontario--(Newsfile Corp. - March 24, 2022) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that its wholly-owned subsidiary, KSM Mining ULC ("KSMCo") has completed the sale of a secured note ("Note") to be exchanged at maturity for a 60% gross silver royalty on its 100% owned KSM project located in northern British Columbia, Canada, to Sprott Resource Streaming and Royalty Corp. ("Sprott") and Ontario Teachers' Pension Plan ("Ontario Teachers'") (jointly, the "Investors") for US$225 million. The proceeds of this sale will be used to continue ongoing physical works at KSM and advance the project towards a designation of 'substantially started'. For details on the terms of the Note please see February 26th news release.