Advancing Post-Discovery Projects in B.C.’s Golden Triangle

650 - 1021 West Hastings Street Vancouver, B.C. Canada V6E 0C3

T: 604.684.8725

D: 604.558.7681 F: 604.558.7695

tperri@skeenaresources.com

TSX-V: SKE March 2016

RED MOUNTAIN200 km

British Columbia

Alaska

GJ

Spectrum and GJ Project LocationsThe Golden Triangle

SPECTRUM

www.skeenaresources.com

ContactManager, Investor Relations: Tony Perri

Skeena Resources Limited is a junior Canadian mining exploration company involved in the acquisition, exploration and development of prospective base and precious metal properties throughout British Columbia. The Company’s primary activities at present are the evaluation of the high-grade Spectrum gold project and adjacent GJ copper-gold project, in the Stikine Arch of northwestern British Columbia. Skeena’s management is comprised of a highly experienced team of mine-finders, including the Chairman, Ron Netolitzky, who was inducted into the Canadian Mining Hall of Fame in 2015.

ExpertiseRonald K. Netolitzky, M.Sc. - Chairman One of the primary developers behind the Snip Mine and Eskay Creek mines. For these achievements, amongst numerous other international accomplishments, Mr. Netolitzky received the Prospector of the Year award from the PDAC, and Developer of the Year award from the B.C. & Yukon Chamber of Mines. Ron was also inducted into the Canadian Mining Hall of Fame in 2015.Walter Coles Jr. - President & CEO With a background in corporate finance, Mr. Coles worked for UBS Investment Bank for eight years and after that was an analyst with a New York based activist hedge fund. Since 2007, Mr. Coles has been active in managing and raising funds for junior resource exploration companies.Rupert Allan, P. Geol. - VP Exploration & Director A consulting geologist with 45 years experience in base and precious metals exploration throughout Canada and internationally. He has worked extensively in northwest B.C. and was instrumental in the permitting and development of the Brewery Creek heap leach gold mine in the Yukon.Michael Cathro, M.Sc., P. Geo - VP OperationsMr. Cathro’s 35 year career has included work as an exploration geologist on gold and bae-metal projects, and 17 years in technical and management roles with the BC Ministry of Energy, Mines and Petroleum Resources.Peter Tredger, P. Eng., MBA, - Director One of the developers of the Golden Bear mine as well as being intimately involved with the merger of Blue Pearl Resources and the expansion of the Thompson Creek Metals portfolio.

S K E E N A Resources LimitedMarch 2016

Spectrum Project Summary

GJ Project Summary

www.skeenaresources.com

Spectrum Aerial View• High-grade gold structures within broad zone of low-grade

porphyry gold-copper style mineralization.• Excellent power and road infrastructure.• 2015 drill program of 17,300 metres in 61 drill holes.• 50 x 50 m spacing to expand Central and 500 Colour zones

for NI 43-101 resource; three holes tested outlying 300Colour and Boundary zones.

• Visible gold was identified in about 40% of the 2015 drillholes.

• Intercepts include: 10.63 g/t Au over 27 m, 254.5 g/t Au(7.43 oz/ton) over 2.0 m, 8.21 g/t Au over 26.15 m including74.5 g/t Au over 2.0 m and 38.5 g/t Au over 2.9 m.

• Program augmented by prospecting, soil geochemistry andresampling of historic core.

• A bench-scale metallurgical test shows an overall goldrecovery of between 91.6% and 98.8% (news release of May14, 2015).

• Spectrum resource estimate to be released H1 2016.

• Option to earn 100% interest purchased from Teck and NGEx.• The 38,374 Ha property is next to Spectrum and 25 km from

the Red Chris mine, which has similar geology and grades.• Excellent access and infrastructure including grid power.• Long term call option on copper and gold prices.• The Donnelly porphyry deposits have an updated,

independent 43-101 Resource Estimate* of 940 million lbs Cuand 1.56 million oz Au in the Measured and Indicatedcategories, and 312.5 million lbs Cu and 0.57 million oz Au inthe Inferred category, as follows:

o Measured and Indicated* 133.67 M tonnes grading0.32% Cu and 0.36 g/t Au.

o Inferred* 53.69 million tonnes grading 0.26% Cu and0.33 g/t Au (both at 0.2% Cu cut-off).

• Potential for expansion of Donnelly deposits to west and atdepth.

• 5 additional high-priority targets, 2 are drill-ready bulktonnage copper-gold porphyry targets and 3 are high-gradegold-silver vein targets that require minimal work to bring tothe drill stage (see news release date Feb. 12, 2016).

Shares Outstanding1

WarrantsOptionsFully Diluted

325,401,172 40,397,000

14,700,000 380,498,172

$0.125 - $0.055$0.085

~$28 Million

52 Week High-LowRecent PriceMarket Cap1Includes 76,663,517 common shares in escrow

Technical information herein has been reviewed by Michael S. Cathro, M.Sc., Skeena’s Vice-President of Operations and a Qualified Person under the terms of National Instrument 43-101. *See Skeena News Release of January 14, 2016 for details of the resource estimate. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

Share Structure