Skeena Files Early Warning Report Regarding TDG Gold Corp.

Press Release

Vancouver, BC Skeena Resources Limited (TSX: SKE; NYSE: SKE) (“Skeena Gold & Silver”, “Skeena” or the “Company”)  reports that it has filed an early warning report under National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection to its shareholdings in TDG Gold Corp. (TSXV: TDG) (“TDG”).

On February 14, 2025, Skeena, together with its wholly-owned subsidiary, QuestEx Gold & Copper Ltd. (“QuestEx”), acquired 22,000,000 Shares of TDG (the “Transaction”). The aggregate consideration paid by Skeena and QuestEx in respect of the Transaction was C$11,000,000, or C$0.50 per Share, consisting of the sale by QuestEx of its Sofia property at a deemed price of C$4,000,000 and a payment by Skeena of C$7,000,000.

Immediately prior to the Transaction, Skeena owned and controlled a total of 1,000,000 Shares, representing approximately 0.65% of the issued and outstanding Shares of TDG. As a result of and immediately following the Transaction, Skeena owned and controlled a total of 23,000,000 Shares of TDG, representing approximately 13% of the issued and outstanding Shares of TDG.

The acquisition of the Shares was for investment purposes. Skeena may from time to time acquire additional securities of TDG, dispose of some or all of the existing or additional securities or may continue to hold its Shares.

TDG’s head office is located at Unit 1 – 15782 Marine Drive, White Rock, BC V4B 1E6 Canada.

To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see TDG’s profile on the SEDAR+ website at www.sedarplus.ca.

About Skeena

Skeena is a leading precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project – a past producing mine located in the renowned Golden Triangle in British Columbia, Canada. Eskay Creek will be one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production that surpasses many primary silver mines. Skeena is committed to sustainable mining practices and maximizing the potential of its mineral resources. In partnership with the Tahltan Nation, Skeena strives to foster positive relationships with Indigenous communities while delivering long-term value and sustainable growth for its stakeholders.

On behalf of the Board of Directors of Skeena Gold & Silver,

Walter Coles                                                                             Randy Reichert

Executive Chairman                                                               President & CEO

For further information, please contact:

Galina Meleger

Vice President Investor Relations

E: info@skeenagold.com

T: 604-684-8725

W: www.skeenagoldsilver.com

Skeena’s Corporate Head office is located at Suite #2600 – 1133 Melville Street, Vancouver BC V6E 4E5

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