Cautionary Statement on Forward Looking Statements Certain - - PowerPoint PPT Presentation

Cautionary Statement on 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, including, among other things, information with respect to this

• presentation. 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

• f 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. The Qualified Person responsible for the technical information in this corporate presentation is the Company’s Vice-President of Operations, Michael Cathro, P.Geo, who has approved this technical information included herein. Any reference to historical estimates and resources should not be relied upon. These historical estimates are not current and a Q. P. has not done sufficient work to classify the historical estimate and Skeena is not treating the historical estimate as a current resource estimate.

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To consolidate properties with multi-million ounce gold potential and advance them through to feasibility and permitting.

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Corporate Goal

Why Invest in Skeena Resources Ltd.

> Highly experienced team of mine-finders, including Chairman Ron Netolitzky, who was inducted into the Canadian Mining Hall of Fame in 2015 > Ron was the main driver for the development of two of B.C.’s most successful, high-grade precious metals mines, the Snip Mine (1 m oz) and Eskay Creek (3.27 m oz Au and 158 m oz Ag)

Strategy to add shareholder value:

> Advancing two adjacent, post-discovery projects in the Golden Triangle, with good infrastructure: > Spectrum gold – High-grade and bulk tonnage deposits; maiden 43-101 resource estimate (H1 2016) > GJ copper-gold porphyry - Updated 43-101 resource estimate released Jan. 16, 2016 > 940 million lbs Cu and 1.56 million oz Au in the Measured and Indicated categories, and 312.5 million lbs Cu and 0.57 million oz Au in the Inferred category* > Actively evaluating other project acquisitions > Insiders and institutions hold approximately 90% of outstanding shares > Skeena is poised for success with four key pillars: > Visionary leadership and strong execution team > High quality projects > Strong balance sheet and continued access to capital from institutional shareholders > Community and stakeholder support www.skeenaresources.com

*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.

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Location, Access and Infrastructure

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North Donnelly & Donnelly (Skeena) M&I 133.7 mt @ 0.32% Cu & 0.36 g/t Au Inferred 53.7 mt @ 0.26% & 0.33 g/t Au

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Spectrum Gold

> Excellent power and road infrastructure > High-grade gold zones occur within a broader halo of porphyry-style gold- copper mineralization > Host Triassic Stuhini Group volcanics & sediments at the contact of a Triassic-Jurassic porphyry intrusion > High-grade gold related to steeply dipping panels of stockwork quartz- carbonate-sulphide veinlet, extending over 650 metres of strike and over 400 m to depth > Mineralization remains open along strike and at depth; appears related to hydrothermal fluids associated with the porphyry intrusion > Its characteristics are consistent with the upper portion of an alkali porphyry-style Cu-Au deposit similar to other important deposits in the Stikine

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Spectrum Gold Diamond Drill Hole Plan Map

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Highlight 2015 Drill Intersections

• High-grade
• S15-012:

18.4 m @ 6.4 g/t Au

• S15-015

26.15 m @ 8.21 g/t Au

incl 3.5 m @ 44.2 g/t Au and 2.0 m @ 74.5 g/t Au

• S15-022

14.9 m @ 8.97 g/t Au

incl 2.9 m @ 38.51 g/t Au

• S15-043

11.4 m @ 16.73 g/t Au

incl 2.0 m @ 81.8 g/t Au and 4.0 m @ 46.5 g/t Au

• Porphyry-style
• S15-013

127 m @ 1.26 g/t Au, 5.2 g/t , 0.15% Cu

• S15-014

209 m @ 1.22 g/t Au, 4.8 g/t Ag, 0.17% Cu

• S15-031

224.5 m @ 0.60 g/t Au, 5.1 g/t Ag, 0.22% Cu

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Spectrum Aerial View (Looking West)

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Spectrum: Free Gold in Drill Core

> Visible gold has been identified in about 40% of the holes logged to date in 2015.

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Bench Scale Metallurgy for Gold

• Completed at SRC Laboratory under M. Yakimchuk P. Eng.*
• Gravity:

24.6 to 56.4% gold recovery

• Gravity & Cyanide:

91.8 to 98.8% gold recovery

• Gravity & Flotation

85 to 92.8% gold recovery

• Conclusion: positive results from each of gravity,

cyanidation and flotation tests demonstrates that there is flexibility for future mineral processing of the

• mineralization. Additional test work is planned.

*see news releases of May 12 and July 20, 2015

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GJ Copper-Gold Project

> Option to earn 100% interest from Teck and NGEx. > 38,374 Ha property, 25 km from Red Chris, 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 Cu and 1.56 million oz Au in the Measured and Indicated categories, and 312.5 million lbs Cu and 0.57 million oz Au in the Inferred category. > Potential for expansion of Donnelly deposits to west and at depth. > 5 additional high-priority targets, 2 are drill-ready bulk tonnage copper-gold porphyry targets and 3 are high-grade gold-silver vein targets that require minimal work to bring to drill stage (see news release date Feb. 12, 2016).

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*See page 9 and 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.

Donnelly Deposits - Updated 43-101 Resource

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MAIN & NORTH DONNELLY ZONES - MEASURED PLUS INDICATED RESOURCE

Cut-off (Cu %) Tonnes > Cut-off (tonnes) Grade > Cut-off Contained Metal Cu (%) Au (g/t) Million lbs Cu Million ozs Au 0.15 183,970,000 0.28 0.32 1135.83 1.899 0.20 133,670,000 0.32 0.36 940.23 1.560 0.25 90,170,000 0.37 0.41 725.71 1.183 0.30 60,690,000 0.41 0.45 548.67 0.880 0.35 39,400,000 0.46 0.50 397.90 0.628 0.40 25,880,000 0.50 0.54 286.47 0.448 0.45 16,150,000 0.55 0.59 195.86 0.307 0.50 9,510,000 0.60 0.66 126.66 0.202

MAIN & NORTH DONNELLY ZONES - INFERRED RESOURCE

Cut-off (Cu %) Tonnes > Cut-off (tonnes) Grade > Cut-off Contained Metal Cu (%) Au (g/t) Million lbs Cu Million ozs Au 0.15 100,190,000 0.22 0.28 490.44 0.912 0.20 53,690,000 0.26 0.33 312.54 0.570 0.25 29,510,000 0.30 0.36 193.91 0.344 0.30 11,590,000 0.34 0.41 85.87 0.151 0.35 2,870,000 0.38 0.46 24.24 0.042 0.40 510,000 0.46 0.46 5.17 0.008 0.45 240,000 0.51 0.49 2.69 0.004 0.50 110,000 0.56 0.58 1.35 0.002 By Gary H.Giroux, M.A.Sc., P.Eng. For more details see January 14, 2016 Skeena news release.

GJ Copper-Gold Deposits

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Five High Priority Prospects on Northern Portion of GJ Property

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Synergy: Spectrum and GJ Projects

> Located in the prolific “Golden Triangle” of northwestern BC, close to roads and grid power. > Spectrum is a historic high-grade, multi-zone Au project, and is open to depth and on strike. Expanded by 17,350 m drilling in 61 holes in 2015. > 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 including 74.5 g/t Au over 2.0 m and 38.5 g/t Au over 2.9 m. > Updated 43-101 resource estimate planned for H1 2016. > GJ was acquired in October 2015 and has a bulk-tonnage porphyry Cu-Au resource, plus numerous other porphyry Cu-Au and high-grade Au prospects. > Updated independent 43-101 resource estimate released January 16, 2016.

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Management and Share Structure

Directors & Management Ron Netolitzky, M.Sc. Chairman, Director Walt Coles, Jr. President & CEO, Director Rupert Allan, P.Geol. Vice President of Exploration, Director Michael Cathro, M.Sc., P.Geo. Vice President of Operations Peter Tredger, P.Eng., MBA Director Karen Allan, CMA CFO/Corporate Secretary Share Structure Shares Outstanding *325,401,172 Options ($0.10 strike price) 14,700,000 Warrants ($0.10 strike price) 40,397,000 Fully Diluted 380,498,172 Working Capital $4 million *Includes 76,663,517 common shares in escrow

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The Expertise

Skeena’s Board and Management has considerable exploration and development experience in northwestern British Columbia.

Ron Netolitzky was one of the primary developers behind the Snip Mine that Cominco placed into production, and Eskay Creek, which was developed by Homestake and Barrick. 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 BC & Yukon Chamber of Mines. Ron was also inducted into the Canadian Mining Hall of Fame in 2015. Peter Tredger was 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. Rupert Allan, P. Geol., is a consulting geologist with 45 years’ experience in base and precious metals exploration throughout Canada and internationally. He has worked extensively in northwest British Columbia and was instrumental in the permitting and development of the Brewery Creek heap leach gold mine in the Yukon. Michael Cathro, P. Geo., is a registered professional geoscientist in British Columbia and holds a BSc from Queen's University and a MSc from the Colorado School of Mines. Mr. Cathro's 35-year career has included work as an exploration geologist on gold and base-metal projects in Canada and

• verseas, and 17 years in technical and management roles with the BC Ministry of Energy, Mines

and Petroleum Resources.

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Past Successes

Spectrum’s Past Exploration Development Success Ratio > *243,600 historical oz. of Au from 11,902 m of historical drilling. > 20.5 oz. Au discovered for every metre drilled. > Assuming $250 per metre drilling cost = $12.20 per oz. Au discovery cost. Historic mines in NW British Columbia where Netolitzky was the driving force behind their development: > Snip Gold Mine › 1 million oz. Au produced at 25 g/t. > Eskay Creek Mine › 3.27 million oz. Au produced at 49 g/t; › 158 million oz. Ag produced at 2,406 g/t.

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*Past performance should not be construed to mean future drill results and exploration development success will be guaranteed. *This estimate precedes NI 43-101 and is not to be relied upon. This estimate is not current and a Qualified Person has not done sufficient work to classify the historical estimate and Skeena is not treating the historical estimate as a current resource.

Contact Information

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Tony Perri

Manager, Investor Relations tperri@skeenaresources.com Tel: +1.604.684.8725 Dir: +1604.558.7681 Fax: +1.604.558.7695 Skeena Resources Limited Suite 650 – 1021 West Hastings Street Vancouver, British Columbia, Canada V6E 0C3 www.skeenaresources.com TSX Venture Exchange: SKE