NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
VANCOUVER, BC / ACCESSWIRE / April 2, 2019 / Skeena Resources Limited (TSX.V:
SKE, OTCQX: SKREF) ("Skeena" or the "Company") is pleased to announce a non-brokered private
placement offering (the "Offering") of up to 3,896,103 common shares at a price of $0.385 for aggregate gross proceeds of
approximately C$1,500,000.
The net proceeds of the Offering will be used to fund advancement of the Company's Eskay Creek project and for working capital
purposes. The closing of the Offering is anticipated to occur on or before April 15, 2019 (the "Closing Date") and is subject to
certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the acceptance of
the TSX Venture Exchange.The securities issued under the Offering will be subject to a statutory hold period in Canada expiring
four months and one day from the Closing Date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the
United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons
unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is
available.
About Skeena
Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious and base
metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company's primary activities are the exploration
and development of the past-producing Snip and Eskay Creek mines, both optioned from Barrick. In addition, the Company has
completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.
On behalf of the Board of Directors of Skeena Resources Limited,
Walter Coles Jr.
President & CEO
Cautionary note regarding forward-looking statements
Certain statements made and information contained herein may constitute "forward looking information" and "forward looking
statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information
are based on facts currently available to the Company and there is no assurance that actual results will meet management's
expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets",
"estimates", "plans", "expects", "may", "will", "could" or "would". Forward-looking statements and information contained herein are
based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the
realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount 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 assumptions to be reasonable as of the date hereof,
forward-looking statements and information are not guarantees of future performance and readers should not place undue importance
on such statements as actual events and results may differ materially from those described herein. The Company does not undertake
to update any forward-looking statements or information 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.
Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to
comply with this restriction may constitute a violation of U.S. Securities laws.
CONTACT:
Walt Coles Jr., President & CEO
or Kelly Earle, Vice President Communications
Email: kearle@skeenaresources.com
Tel: (604) 684-8725
SOURCE: Skeena Resources Limited
