Skeena Resources Limited (TSX.V: SKE) (“Skeena” or the “Company“) is pleased to provide assay results from a second batch of 15 drill holes from its 2015 drilling program at the Spectrum gold project in the Golden Triangle in northwest British Columbia. Results for the initial six holes were released on August 20, 2015.

All 43 holes (11,000 m) completed to this point were directed at expanding the Central and 500 Colour zones along strike, at depth, and in some cases up-dip towards surface in areas untested by previous drilling.

Ron Netolitzky, Skeena’s Chairman, commented, “Over 80% of the 2015 holes for which we have assays have yielded high-grade gold intervals. Due to the positive results, the 2015 drilling campaign will be expanded to 16,000 m from the original plan of 10,000 to 12,000 m”. This expanded program will enable drilling to be initiated on other highly anomalous targets recently identified by soil sampling and prospecting.

Highlight results from this batch of 15 holes include:

• Hole S15-15 intersected 26.15 m grading 8.21 g/t Au, including 2.0 m grading 74.5 g/t Au. A photo onSkeena’s website shows an impressive section of visible gold from this high-grade interval.
• Hole S15-016 intersected 61 m grading 1.62 g/t and 0.14% Cu, including 2.0 m grading 9.18 g/t Au and 0.22% Cu.
• Hole S15-018 intersected 2.3 m grading 11.1 g/t Au, and 2.0 m grading 13.2 g/t Au and 63.8 g/t Ag.
• Hole S15-022 intersected 14.9 m grading 8.97 g/t Au, including 2.9 m grading 38.5 g/t Au.
• Holes S15-024 intersected 9.64 m grading 6.81 g/t Au, 20.7 g/t Ag and 0.09% Cu, including 1.7 m grading 14.1 g/t Au, 20.4 g/t Ag and 0.14% Cu.
• Hole S15-026 intersected 8.0 m grading 5.67 g/t Au and 0.15% Cu, including 2.0 m grading 8.9 g/t Au, 8 g/t Ag and 0.27% Cu and 2.0 m grading 10.1 g/t Au and 0.14% Cu.
• Hole S15-028 intersected 44.0 m grading 1.17 g/t Au.

Assays have now been released for 21 of 43 drill holes completed in 2015. Of these 21 holes, 17 (80%) have yielded drilled intervals of greater than 5 g/t Au over 2 m (true width is estimated to be 55 to 70% of drilled width). Visible gold has been identified in 13 of the 43, or over 25%, of the completed holes.

The drill pattern was designed to provide pierce points spaced at approximately 50 metres vertically and horizontally through the near-vertical zones. The pattern has been optimized to drill orthogonally to the mineralized structures, while utilizing available drill collar locations on the locally steep, scree-covered slopes. Information collected from this drill program will be used to calculate a new and expanded 43-101-compliant mineral resource by Q1 2016.

All significant intervals from the current batch of 15 holes are shown in Table 1 below. A complete table of all 2015 intercepts will be posted to the Company’s website. Collar information for all holes and an updated drill plan map and cross sections can be found on Spectrum Property page.