2022 Near Mine Exploration Drilling Highlights:

• 18 g/t Au, 130.2 g/t Ag over 9.26 m (SK-22-1132) – 21A West Zone
• 90 g/t Au, 2.5 g/t Ag over 5.70 m (SK-22-1177) – 21A West Zone
• 95 g/t Au, 1,003.3 g/t Ag over 6.42 m (SK-22-1187) – 23 Zone
• 11 g/t Au, 19.7 g/t Ag over 26.10 m (SK-22-1187) – 23 Zone
• 96 g/t Au, 14.6 g/t Ag over 25.98 m (SK-22-1171) – 21E Zone
• 39 g/t Au, 34.4 g/t Ag over 23.77 m (SK-22-1160) – 21E Zone
• 78 g/t Au, 59.0 g/t Ag over 20.49 m (SK-22-1173) – 21E Zone

True widths and zone geometries cannot be definitively determined at this time. Grade-capping of individual assays has not been applied to the Au and Ag assays informing the length-weighted composites. Samples below detection limit were nulled to a value of zero.

New Mineralization Expands 21A West Zone

Situated at a vertical depth of 25 metres below surface, drill hole SK-22-1132 has vertically extended the 21A West Zone to near-surface with an intersection of 18.18 g/t Au, 130.2 g/t Ag over 9.26 m. This new intercept occurs in a portion of the 21A Zone that is devoid of historical drilling and 75 metres vertically up-dip of previously reported Skeena drill hole SK-22-1031, which intersected 2.21 g/t Au, 4.6 g/t Ag over 50.00 m.

An additional extension to the south end of the 21A West Zone just beyond the Feasibility Study pit limits and only 10 metres below surface was completed by drill hole SK-22-1177, averaging 14.90 g/t Au, 2.5 g/t Ag over 5.70 m. This new expansion occurs 100 metres vertically up-dip of previously reported drill hole SK-22-1028, which intersected 1.74 g/t Au, 1.7 g/t Ag over 46.77 m. The space between the two drill holes remains untested.

The 21A West Zone has been defined by 2022 drilling over a 350 metre strike length from surface to 200 metres below surface. Horizontal widths of the zone vary and range from thicknesses of 1 to 50 metres. The 21A West Zone remains open for expansion along strike as well as at depth.

Further information is attached.