Seabridge Gold Inc (SA)

Seabridge Gold Announces Closing of Spin-Out of Valor Gold Corp.June 3, 2026 5:05 PM
NewsfileToronto, Ontario--(Newsfile Corp. - June 3, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") is pleased to announce that it has closed its previously announced spin-out transaction of Valor Gold Corp. ("Valor") by way of a statutory plan of arrangement (the "Plan of Arrangement") under the Canada Business Corporation Act (the "Arrangement") effective at 12:01 a.m. (Vancouver time) (the "Effective Time") on June 3, 2026 (the "Effective Date").Pursuant to the Arrangement, Seabridge has transferred its 100% interest in the Courageous Lake gold project (the "Courageous Lake Project") located in the Northwest Territories, Canada to Valor and each share of Seabridge (the "Old Seabridge Shares") outstanding as at the close of business on the business day prior to the Effective Date, being June 2, 2026, will be exchanged for (a) one new Seabridge share (a "New Seabridge Share") for every Old Seabridge Share held, and (b) one common share of Valor (a "Valor Share") for every approximately 1.957 Seabridge shares held.1 After giving effect to the Arrangement, there are 55,000,000 Valor Shares issued and outstanding.The Company received the final order in respect of the Arrangement from the Supreme Court of British Columbia on May 27, 2026.The terms of the Arrangement, including the procedures to be followed by shareholders of Seabridge ("Shareholders") in order to receive the New Seabridge Shares and Valor Shares they are entitled to receive pursuant to the Arrangement, are further described in the Company's news release dated May 22, 2026, in a "Frequently Asked Questions" page on the Company's website, and in the Company's management information circular dated March 30, 2026 (the "Circular") available on Seabridge's website and under its profile on SEDAR+ at www.sedarplus.ca.It is anticipated that the Old Seabridge Shares will be suspended from trading on the Toronto Stock Exchange ("TSX") and the New York Stock Exchange ("NYSE") as at close of trading on June 4, 2026, and the New Seabridge Shares will be listed for trading under the new CUSIP 811927102 on TSX and NYSE as at the open of trading on June 5, 2026. The ticker symbol for the New Seabridge Shares will continue to be "SEA" on TSX and "SA" on NYSE. It is similarly expected that the Valor Shares will be listed for trading on TSX under the symbol "VGC" as at the open of trading on June 5, 2026 under the CUSIP 919921106. The timing of the commencement of trading of the Valor Shares on the OTCQB will be announced in a separate news release by Valor once formal approval is received from the OTCQB.About Seabridge GoldSeabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Bronson Corridor projects are located in Northwest British Columbia, Canada's "Golden Triangle". Its Snowstorm project is in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit Seabridge's website at http://www.seabridgegold.com.Neither the Toronto Stock Exchange, the New York Stock Exchange, the OTC Markets, nor their Regulation Services Providers accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, interpretations, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: the anticipated receipt of OTCQB approval for the quotation of the Valor Shares on the OTCQB; the targeted listing of the New Seabridge Shares on the TSX and the NYSE, and the targeted listing and quotation of the Valor Shares on the TSX and OTCQB, respectively, and the timing thereof; and the anticipated focus of Valor post-spin-out being the advancement of the Courageous Lake Project.All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Seabridge's plans or expectations include the risk that: the Valor Shares may not be listed on the TSX or quoted on the OTCQB on the timeline anticipated or at all; the anticipated exploration focuses of Valor may not be as anticipated; changes occur in the underlying facts used to calculate a resource or reserve estimate or the geologic characteristics of the project that make declaration of a mineral resource or mineral reserve problematic; and other risks outlined in statements made by Seabridge from time to time in the filings made by Seabridge with securities regulators. Seabridge disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements.
ON BEHALF OF THE BOARD
"Rudi Fronk" 
Chair & C.E.O.For further information please contact: 
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292
Email: info@seabridgegold.com 1 Based on 107,622,939 common shares of Seabridge issued and outstanding as at the close of business on June 2, 2026.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300017 Original: Seabridge Gold Announces Closing of Spin-Out of Valor Gold Corp.

Seabridge Gold Awarded Resource and Mining Excellence Award by Smithers District Chamber of CommerceMay 27, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 27, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that it has been awarded the Resource and Mining Excellence Award at the 2026 Community and Business Awards in Smithers, British Columbia (BC). This award recognizes a business, organization, or individual that has made a significant contribution to the resource and mining sector in the Bulkley Valley through innovation, sustainability, and leadership. Nominees must demonstrate responsible resource management, excellence in operations and safety, and a strong commitment to environmental stewardship. Additionally, the award recognizes contributions to the local economy through job creation, community partnerships, and initiatives that support long-term sustainability and industry growth, Seabridge Chair and CEO Rudi Fronk commented: "We are proud to receive this recognition from the Smithers business community, which reflects the dedication of our team to responsibly advancing the KSM Project. Through exploration, engineering, environmental assessment and permitting, we have focused on designing a project that delivers meaningful economic benefits that serves as an economic anchor for Northwest BC and Canada, while maintaining high standards of environmental and social responsibility. KSM's scale, long-term economic potential and recent designation as a provincial priority project reinforce its importance to regional communities and to Canada's role as a supplier of critical minerals to the world."The KSM Project is one of the world's largest undeveloped copper and gold projects held by a publicly traded company. To date, KSM has invested over $1.2 billion in responsibly advancing the project, highlighting our commitment to local community development. About Seabridge Gold
Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Bronson Corridor projects in British Columbia's Golden Triangle. Additional projects include Snowstorm in Nevada's Getchell Gold Belt, and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and resources is available at www.seabridgegold.com.Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299014 Original: Seabridge Gold Awarded Resource and Mining Excellence Award by Smithers District Chamber of Commerce

Seabridge Gold Reports on Results of Special Meeting of ShareholdersMay 22, 2026 2:59 PM
NewsfileCourageous Lake Spin-Out Approved by +99% Vote of ShareholdersToronto, Ontario--(Newsfile Corp. - May 22, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") today provided the voting results of its special meeting of shareholders held on May 22, 2026. A total of 62,829,369 common shares were represented at the meeting, representing 58.51% of the issued and outstanding common shares of the Company on the record date for the meeting. All matters presented for approval at the meeting were duly authorized and approved, as follows:A special resolution approving an arrangement (the "Arrangement") under section 192 of the Canada Business Corporations Act (the "CBCA") between the Company, its shareholders and Valor Gold Corp. ("Valor"), pursuant to which the Company and the Company's shareholders will receive shares of Valor:Number of VotesPercentage of Votes   Votes For:62,677,63899.76%   Votes Against:151,7300.24% An ordinary resolution approving the proposed restricted share unit and deferred share unit plan of Valor:Number of VotesPercentage of Votes   Votes For:62,317,30099.18%   Votes Against:512,0690.82% Terms of the ArrangementPursuant to the Arrangement, Seabridge will transfer its 100% interest in the Courageous Lake gold project (the "Courageous Lake Project") located in the Northwest Territories, Canada into Valor, which is expected to become a separately listed issuer on the Toronto Stock Exchange (the "TSX"), then distribute 100% of the common shares of Valor ("Valor Shares") to its shareholders ("Shareholders") by way of a plan of arrangement under the CBCA.Pursuant to the Arrangement, Seabridge will distribute the 55,000,000 shares to be held by Seabridge in Valor to Shareholders on the basis of one Valor Share for every approximately 1.957 Seabridge shares held.[1] The terms of the Arrangement, including the conditions to implementing the Arrangement, and the procedures to be followed by Shareholders in order to receive the securities that they are entitled to receive pursuant to the Arrangement, are further described in the Company's management information circular dated March 30, 2026 (the "Circular") available on Seabridge's website and under its profile on SEDAR+ at www.sedarplus.ca.The Arrangement is subject to the approval of the British Columbia Supreme Court (the "Court"). The anticipated hearing date for the application for the final order of the Court (the "Final Order") is May 27, 2026. Subject to obtaining the Final Order and the satisfaction or waiver of the conditions to implementing the Arrangement as set out in the arrangement agreement dated March 23, 2026 between the Company and Valor, the Arrangement is anticipated to be completed on or about June 3, 2026.Valor has applied to be listed on the TSX and to have its shares quoted on the OTCQB Venture Market (the "OTCQB") in the United States. Subject to the satisfaction of all necessary conditions of the TSX and OTCQB, the receipt of the Final Order, and the completion of the Arrangement, it is anticipated that the Old Seabridge Shares (as defined below) will be suspended from trading on TSX and NYSE as at close of trading on the first trading day following the closing date of the arrangement, and the New Seabridge Shares (as defined below) will be listed for trading under a new CUSIP/ISIN on TSX and NYSE as at open of trading on the second trading day following the closing date of the arrangement. Assuming the Arrangement is completed on June 3, 2026, the Old Seabridge Shares are anticipated to be suspended from trading from TSX and NYSE as at close of trading on June 4 and the New Seabridge Shares would be listed for trading on TSX and NYSE as at open of trading on June 5, 2026. It is similarly expected that the Valor Shares will be listed for trading on TSX at the same time as the New Seabridge Shares, being the open of trading on June 5, 2026. The timing of the commencement of trading of the Valor Shares on the OTCQB will be announced in a separate news release of Valor once formal approval is received from the OTCQB.[1] Based on 107,622,939 common shares of Seabridge currently issued and outstanding.Procedure to Exchange SharesThe procedure for a shareholder to exchange their pre-Arrangement Seabridge common shares ("Old Seabridge Shares") for post-Arrangement Seabridge common shares ("New Seabridge Shares") and Valor Shares depends on how Old Seabridge Shares are held. Information is provided below, as well as in the Company's management information circular dated March 30, 2026, available under Seabridge's issuer profile on SEDAR+.Non-Registered (Beneficial) ShareholdersIf you hold your common shares of Seabridge through a broker, the exchange of shares will be processed automatically through CDS or DTC (as applicable). Seabridge recommends that you contact your broker to confirm if any steps are required by your broker in order to receive the New Seabridge Shares and Valor Shares in exchange for your Old Seabridge Shares following completion of the Arrangement.Registered ShareholdersIf you hold your common shares of Seabridge directly in a registered position (with a share certificate or DRS advice statement), you must take action to exchange your Old Seabridge Shares for New Seabridge Shares and Valor Shares. Computershare Investor Services Inc., the depositary under the Arrangement (the "Depositary"), mailed the Letter of Transmittal to registered Shareholders, which should be used by such Shareholders to exchange their certificates representing Old Seabridge Shares for DRS advices representing New Seabridge Shares or a physical certificate for New Seabridge Shares and DRS advices representing Valor Shares or a physical certificate for Valor Shares, when the Arrangement is completed. Until exchanged, each certificate representing Old Seabridge Shares will, after the Arrangement, represent only the right to receive, upon surrender in accordance with the Letter of Transmittal, New Seabridge Shares and Valor Shares.Registered Shareholders must deliver to the Depositary: (a) their certificate(s) representing such Old Seabridge Shares, if any, (b) a duly completed Letter of Transmittal, and (c) such other documents as the Depositary may require, in order to receive the certificates or DRS advices representing the New Seabridge Shares and Valor Shares to which they are entitled pursuant to the Arrangement.DRS Advices or a physical certificate, if so requested, for the New Seabridge Shares of a registered Shareholder and Valor Shares who provides the appropriate documentation described above, will be registered in such name or names and will be delivered to such address or addresses as such holder may direct in the Letter of Transmittal as soon as practicable following the Arrangement and after receipt by the Depositary of all of the required documents.Registered Shareholders are encouraged to complete and return the Letter of Transmittal, together with the certificate(s) representing your common shares of Seabridge and any other required documents and instruments, to the Depositary (at its principal offices in Toronto), in accordance with the instructions set out in the Letter of Transmittal so that if the Arrangement is approved, the consideration for your common shares can be sent to you as soon as possible following the Arrangement becoming effective. The Letter of Transmittal contains other procedural information related to the Arrangement and should be reviewed carefully. About Seabridge GoldSeabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Bronson Corridor projects are located in Northwest British Columbia, Canada's "Golden Triangle". Its Snowstorm project is in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit Seabridge's website at http://www.seabridgegold.com.Neither the Toronto Stock Exchange, the New York Stock Exchange, the OTC Markets, nor their Regulation Services Providers accept responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, interpretations, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: the Company's intention to spin-out Valor by way of plan of arrangement with the resulting distribution of its shares to Shareholders; the completion of the steps of the spin-out and the timing of completion of the spin-out, including the anticipated receipt of TSX and OTCQB approvals and the Final Order; the targeted listing of the New Seabridge Shares on the TSX and the NYSE, and the targeted listing of the Valor Shares on the TSX and OTCQB, and the timing thereof; and the anticipated focus of Valor post-spin-out being the advancement of the Courageous Lake Project.All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Seabridge's plans or expectations include the risk that: the spin-out may not occur on the timeline anticipated or at all; the structure of the spin-out is subject to change; the Company does not receive the necessary approvals for the transaction, including TSX and court approvals or is not able to satisfy the conditions to the Arrangement; the shares of Valor may not be listed on the TSX or quoted on the OTCQB on the timeline anticipated or at all; the anticipated exploration focuses of Valor may not be as anticipated; changes occur in the underlying facts used to calculate a resource or reserve estimate or the geologic characteristics of the project that make declaration of a mineral resource or mineral reserve problematic; and other risks outlined in statements made by Seabridge from time to time in the filings made by Seabridge with securities regulators. Seabridge disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements.ON BEHALF OF THE BOARD
"Rudi Fronk" 
Chair & C.E.O.For further information please contact: 
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298643 Original: Seabridge Gold Reports on Results of Special Meeting of Shareholders

Seabridge Gold Files First Quarter Report to Shareholders, Financial Statements and MD&AMay 13, 2026 6:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 13, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three-month period ended March 31, 2026 on SEDAR+ (www.sedarplus.ca). These statements are also available on Seabridge's website at https://www.seabridgegold.com/investors/financial-reports.Seabridge's Q1 2026 Report to Shareholders can be found here.Recent HighlightsBoard sets corporate objectives for 2026KSM positioned for partnership announcementKSM mineral resources updated using metal prices consistent with most Tier 1 mining companiesMaiden mineral resource reported for Snip North deposit Meeting date set to approve Courageous Lake spin-outUpdate on the Legal Status of the Mitchell Treaty TunnelsThe Gold Market: Waiting for HormuzFinancial Results
During the first quarter of 2026, Seabridge posted a net loss of $6.6 million ($0.06 per share) compared to a net profit of $10.6 million ($0.11 per share) for the same period in 2025. The first quarter of 2026 loss compared to the same period of 2025 was largely driven by non-cash revaluation movements on the Company's secured notes and higher corporate and administrative expenses partially offset by a non-cash revaluation gain on our investment in Paramount Gold. During the first quarter of 2026, Seabridge invested $22.3 million in mineral interests, property and equipment compared to $14.3 million invested in the first quarter of 2025 due to increased activity at our KSM Project. Seabridge's working capital position at March 31, 2026 improved by $21.5 million to $131.3 million, compared to $109.8 million on December 31, 2025 as we raised $35.8 million, net of fees, through our ATM program. About Seabridge Gold
Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Bronson Corridor projects in British Columbia's Golden Triangle. Additional projects include Courageous Lake in the Northwest Territories, Snowstorm in Nevada's Getchell Gold Belt, and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and resources is available at www.seabridgegold.com. None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair and C.E.O.For further information, please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/297394 Original: Seabridge Gold Files First Quarter Report to Shareholders, Financial Statements and MD&A

The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals SupplyMay 13, 2026 11:19 AM
PR Newswire (Canada) Issued on behalf of Greenland Mines Ltd.Seabridge's KSM was named a B.C. priority project on April 30. NioCorp broke ground on the Elk Creek mine portal in March. B2Gold's Goose Mine in Nunavut hit commercial production in October. Ivanhoe Electric's Santa Cruz copper PFS lands first cathode in 2028. The Western mega-asset list is short — and getting shorter.KEY TAKEAWAYS The list of Western-aligned, large-scale, long-life critical-mineral deposits actively progressing toward production in 2026 is short. Seabridge Gold's KSM (BC), NioCorp's Elk Creek (Nebraska), B2Gold's Goose Mine (Nunavut), and Ivanhoe Electric's Santa Cruz / Tintic projects (Arizona / Utah) are among the small handful that have crossed the threshold from "exploration story" to "active development with government backing or production milestone." Skaergaard now increasingly fits that list. On May 7, 2026, Greenland Mines Ltd. (Nasdaq: GRML) released SLR Consulting's independent metal-price sensitivity analysis on its Skaergaard Project, indicating 16.58 Moz palladium-equivalent Indicated and 21.92 Moz palladium-equivalent Inferred in the high-price case — a 45% Indicated grade uplift and 55% Inferred uplift on the same 2022 underground-constrained block model. The 2026 field, drill, and bulk-sample campaign is fully funded. Greenland Mines holds an 80% direct interest in the Project with an option on the remaining 20%, supported by SLR (geology / Qualified Person), GTK Mintec (metallurgy at the Geological Survey of Finland's Outokumpu facility), and WSP (environmental baseline). Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026 — placing the Project formally inside the EU's industrial framework for critical-raw-materials security.CHARLOTTE, N.C., May 13, 2026 /CNW/ -- American News Group News Commentary The Western critical-minerals development pipeline has a smaller short list than most investors realize.To make the list, a project needs scale, jurisdictional safety, advanced technical work, recent regulatory or operational momentum, and a credible path to financing. Not many projects in the entire Western Hemisphere clear all five gates simultaneously. The ones that do are quietly attracting the institutional, government, and strategic capital that will define the next decade of critical-minerals supply.SEABRIDGE GOLD: KSM, BRITISH COLUMBIASeabridge Gold  (NYSE: SA) (TSX: SEA) owns one of those projects. The KSM Project in British Columbia's Golden Triangle hosts 7.3 billion pounds of copper and 47.3 million ounces of gold in proven and probable reserves (2.29 billion tonnes grading 0.64 g/t Au and 0.14% Cu) — among the largest undeveloped copper-gold deposits on Earth[1]. On April 30, 2026, the Province of British Columbia designated KSM as a provincial priority project, granting dedicated permitting coordination to streamline regulatory timelines under the Province's "Look West" strategy. The designation followed Seabridge's March 30 announcement of an updated Mineral Resource Estimate that added 6.8 million ounces of gold and 1.5 billion pounds of copper to the Measured and Indicated category. Twenty years and roughly C$1 billion of work have moved KSM well past exploration. Provincial backing is the next compounding signal.NIOCORP DEVELOPMENTS: ELK CREEK, NEBRASKANioCorp Developments (NASDAQ: NB) owns another. The Elk Creek Critical Minerals Project in southeast Nebraska is North America's only niobium-scandium-titanium deposit at Feasibility Study stage and is permitted for construction. On March 4, 2026, Congressman Adrian Smith and local Nebraska officials launched the inaugural excavation of the Elk Creek mine portal[2]. On April 9, 2026, NioCorp signed a non-binding term sheet with Traxys North America covering marketing and offtake for the entire remaining product slate from Elk Creek's first 10 years of operations, alongside a potential $30 million strategic investment from Traxys[3]. On October 23, 2025, NioCorp announced a Pentagon-funded scandium technology agreement with Lockheed Martin. NioCorp's product list — niobium, scandium, titanium, and several magnetic rare earths including neodymium, praseodymium, terbium, and dysprosium — sits squarely on the U.S. government's critical-minerals list.B2GOLD: GOOSE MINE, NUNAVUTB2Gold   (NYSE American: BTG) (TSX: BTO) owns a third. The Goose Mine in Nunavut, Canada — the most advanced asset in the Back River Gold District — achieved commercial production on October 2, 2025. The Q1 2026 results released May 6, 2026 showed all four operating mines (Fekola, Goose, Masbate, Otjikoto) exceeded production expectations, with consolidated gold production of 237,763 ounces and free cash flow of $362 million[4]. Full-year 2026 guidance is 820,000 to 970,000 ounces. On April 20, 2026, B2Gold and Agnico Eagle announced a collaboration agreement on Goose-area assets. The Goose Mine is the operational proof point for what an Arctic-jurisdiction precious-metals project looks like once it crosses into commercial production.IVANHOE ELECTRIC: SANTA CRUZ AND TINTIC, U.S.Ivanhoe Electric (NYSE American: IE) (TSX: IE) owns a fourth. The Santa Cruz Copper Project in Arizona — chaired by Robert Friedland — completed its Preliminary Feasibility Study in June 2025, targeting initial construction in the first half of 2026 and first copper cathode production in 2028. The Tintic Copper-Gold Project in Utah and a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden across approximately 48,500 km² of underexplored Arabian Shield round out a portfolio explicitly described by the Company as supporting "United States supply chain independence"[5]. Ivanhoe Electric's exploration mandate covers copper, nickel, vanadium, cobalt, platinum group elements, gold, and silver — a multi-metal mandate that overlaps directly with the metals contained in the Skaergaard intrusion.THE GRML POSITIONThat is the company Greenland Mines Ltd. (NASDAQ: GRML) is now keeping.The 2022 NI 43-101 Mineral Resource on the Skaergaard Project hosts 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent across the combined Indicated and Inferred categories — one of the largest undeveloped Pd-Au-Pt deposits on Earth, with a gross undiscounted in-situ resource value of approximately $68 billion at February 2026 metal prices, calculated on an illustrative basis and before any technical or economic factors[6]. The May 7, 2026 SLR Consulting sensitivity work — applied to the existing underground-constrained block model with all geologic and technical inputs held constant — indicates 16.58 Moz palladium-equivalent Indicated and 21.92 Moz palladium-equivalent Inferred in the high-price case[7]. Greenland Mines holds an 80% direct interest with an option on the remaining 20%, executed through its 80%-owned Greenland subsidiary Major Precious Greenland A/S, which was admitted to the European Raw Materials Alliance alongside Greenland Mines on April 22, 2026[8]. The 2026 field, drill, and bulk-sample campaign is fully funded.The 2026 program will begin evaluating open-pit and bulk-mining scenarios alongside the underground concept — a separate, mine-method-based lever independent of any further metal-price assumption[7].President Bo Møller Stensgaard, Ph.D., described Skaergaard as: "a future operation in the making, with mine method and metal prices acting as levers."[7]READ THE ENTIRE REPORT ON GREENLAND MINES LTD HEREFive gates: scale, jurisdictional safety, advanced technical work, recent regulatory or operational momentum, and a credible path to financing.KSM has them. Elk Creek has them. Goose has them. Santa Cruz has them.Skaergaard now checks many of the same boxes, at an earlier stage.FREQUENTLY ASKED QUESTIONSWhat did the May 7, 2026 SLR sensitivity study conclude?Applied to the existing 2022 underground-constrained Mineral Resource model, with all geologic and technical inputs held constant, the high-price sensitivity case indicates 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces of palladium-equivalent Inferred — a 45% grade uplift in the Indicated category and 55% in the Inferred versus the 2022 base case[7].Where is the Skaergaard Project located?In Southeast Greenland, less than 1,600 kilometers from the U.S. eastern seaboard. Greenland Mines holds an 80% direct interest in the Project with an option on the remaining 20%, executed through its 80%-owned Greenland subsidiary Major Precious Greenland A/S[6].What is the European Raw Materials Alliance designation?On April 22, 2026, Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance, the industry-driven alliance established by the European Commission to secure reliable, sustainable access to critical and strategic raw materials for Europe's industrial ecosystems[8].Has GRML completed a feasibility study?No. The most recent technical work is the 2022 NI 43-101 Mineral Resource Estimate. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project.For more information about Greenland Mines Ltd. (Nasdaq: GRML), visit the  American News Group GRML profile.Article Sources:1. Seabridge Gold Inc., "Seabridge Gold's KSM Project Named a Priority Project by the Province of British Columbia," April 30, 2026; updated KSM Mineral Resource Estimate, March 30, 2026.2. NioCorp Developments Ltd., "Congressman Adrian Smith Starts Dig of NioCorp's Elk Creek Project Mine Portal," March 4, 2026.3. NioCorp Developments Ltd., "NioCorp Reaches Non-Binding Agreement with Traxys North America," April 9, 2026; "Pentagon Funds Joint Development Effort with NioCorp and Lockheed Martin to Develop a Scandium-Based Defense Technology," October 23, 2025.4. B2Gold Corp., "B2Gold Reports Q1 2026 Results," May 6, 2026; B2Gold and Agnico Eagle collaboration agreement, April 20, 2026.5. Ivanhoe Electric Inc., "Preliminary Feasibility Study for the Santa Cruz Copper Project," June 23, 2025; corporate disclosures.6. Klotho Neurosciences, Inc., Form 8-K and accompanying disclosures regarding the acquisition of Greenland Mines Corp., March 4, 2026; Greenland Mines Ltd. corporate disclosures.7. Greenland Mines Ltd., "Greenland Mines Reports Up To 45% – 55% Increase in Palladium Equivalent (PdEq) Grades at Skaergaard in Sensitivity Study," May 7, 2026.8. Greenland Mines Ltd., admission to the European Raw Materials Alliance announcement, April 22, 2026.CONTACT:
American News Group
info @therooster-2873Cautionary Note Regarding Mineral Resources: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The sensitivity cases referenced in this article are illustrative of the deposit's leverage to long-term metal price environments rather than economic estimates. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project. There is no certainty that any portion of the Mineral Resources will be converted to Mineral Reserves or that the Project will be brought into commercial production.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. AmericanNewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Ltd. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Greenland Mines Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of Greenland Mines Ltd. which were purchased in the open market, and reserves the right to buy and sell, and will buy and sell shares of Greenland Mines Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by Greenland Mines Ltd.; this is a paid advertisement, and we own shares of Greenland Mines Ltd. that we will sell, and we also reserve the right to buy shares of Greenland Mines Ltd. in the open market or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2978841/American_News_Group_Logo.jpg   View original content to download multimedia:https://www.prnewswire.com/news-releases/the-5-strategic-projects-quietly-defining-the-next-decade-of-wests-critical-minerals-supply-302771163.htmlSOURCE American News Group Original: The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals Supply

Seabridge Gold's KSM Project Named a Priority Project by the Province of British ColumbiaApril 30, 2026 3:41 PM
NewsfileToronto, Ontario--(Newsfile Corp. - April 30, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that the Province of British Columbia has designated Seabridge's KSM Project as a provincial priority project. The designation is designed to advance strategic, job-creating developments across British Columbia. Inclusion on the priority project list provides KSM with dedicated provincial permitting coordination and support which is expected to streamline and expedite permitting timelines for the Project. The KSM Project is one of the world's largest undeveloped copper and gold projects, hosting 7.3 billion pounds of copper and 47.3 million ounces of gold in proven and probable reserves (2.29 billion tonnes grading 0.64 grams per tonne gold and .14% copper), positioning it as a significant long-term source of critical minerals essential for electrification and the global energy transition. The Province's decision reflects KSM's scale, long-term economic potential, and alignment with the objectives of the Look West strategy, which focuses on delivering major projects, strengthening economic security, and supporting the responsible development of British Columbia's natural resources. Seabridge Chair and CEO Rudi Fronk commented: "Recognition of KSM as a provincial priority project reflects the quality of the work completed to date and the value KSM represents for British Columbia and Canada. Dedicated permitting support will ensure that the significant effort invested by our team, our First Nation partners, local communities and government agencies evolves into a responsible and rewarding development."Mr. Fronk added: "We will continue to work closely with local communities and Indigenous groups that have long supported KSM, including Nisga'a Lisims Government, Tahltan Central Government, and Gitxsan Hereditary Chiefs Office. We remain committed to respectful, transparent engagement with them as the project advances."About Seabridge Gold
Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Bronson Corridor projects in British Columbia's Golden Triangle. Additional projects include Courageous Lake in the Northwest Territories, Snowstorm in Nevada's Getchell Gold Belt, and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and resources is available at www.seabridgegold.com.Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral ResourcesAll mineral reserve estimates reported by Seabridge were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards (May 10, 2014). Since 2021 the U.S. Securities and Exchange Commission ("SEC") recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" and the supporting mining studies that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers.Cautionary Note Regarding Forward-Looking InformationThis document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements include the estimated amount and grade of mineral reserves.All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions include: (i) the presence of and continuity of metals at the Project at estimated grades; (ii) the geotechnical and metallurgical characteristics of rock conforming to sampled results; (iii) the quantities of water and the quality of the water that must be diverted or treated during mining operations; (iv) the capacities and durability of various machinery and equipment; (v) the availability of personnel, machinery, equipment at estimated prices and within the estimated delivery times; (v) currency exchange rates; (vi) metals sales prices; (vii) appropriate discount rates applied to the cash flows in the economic analysis; (viii) tax rates and royalty rates applicable to the proposed mining operation; (ix) the availability of acceptable financing under assumed structure and costs; (ix) anticipated mining losses and dilution; (x) metallurgical performance; (xi) reasonable contingency requirements; (xii) success in realizing proposed operations; (xiii) receipt of permits and other regulatory approvals on acceptable terms; and (xiv) the successful conclusion of consultation with impacted indigenous groups.By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the underlying assumptions do not occur as forecast, but specifically include, without limitation: risks relating to variations in the mineral content within the material identified as mineral reserves or mineral resources from that predicted; variations in rates of recovery and extraction; the geotechnical characteristics of the rock mined or through which infrastructure is built differing from that predicted, the quantity of water that will need to be diverted or treated during mining operations being different from what is expected to be encountered during mining operations or post closure, or the rate of flow of the water being different; developments in world metals markets; risks relating to fluctuations in the Canadian dollar relative to the US dollar; increases in the estimated capital and operating costs or unanticipated costs; difficulties attracting the necessary work force; and risks relating to the costs of other energy sources; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals or the conclusion of successful consultation with impacted indigenous groups; changes in regulations applying to the development, operation, and closure of mining operations from what currently exists; the effects of competition in the markets in which Seabridge operates; operational and infrastructure risks and the additional risks described in Seabridge's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2025 and in Seabridge's Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.When relying on our forward-looking statements to make decisions with respect to Seabridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Seabridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Seabridge or on our behalf, except as required by law.ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/295283
Original: Seabridge Gold's KSM Project Named a Priority Project by the Province of British Columbia

Seabridge Gold Provides Update on Courageous Lake Spin-Out Information Circular available on SEDAR+ Meeting Date: May 22nd, 2026April 27, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 27, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") provides a further update to its announcements in December 2025 and January 2026 regarding the Company's intention to spin out its 100% interest in the Courageous Lake gold project (the "Courageous Lake Project") located in the Northwest Territories, Canada into a separate listed entity, Valor Gold Corp ("Valor"), with 100% of the common shares of Valor ("Valor Shares") being distributed by Seabridge to its shareholders ("Shareholders") by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement").On January 21, 2026, the Company provided an update advising that, amongst other matters, a shareholder meeting was expected to be called to vote on the spin-out. Pursuant to the Company's notice of meeting and record date filed on March 17, 2026 (as amended on March 19, 2026 and April 16, 2026), a special meeting of shareholders of the Company (the "Meeting") will be held at 10:00 a.m. (Eastern Daylight Time) on May 22, 2026, at Salon 1, 19th Floor, Fairmont Royal York Hotel, 100 Front Street West, Toronto, Ontario, Canada, for the purposes of approving the Arrangement.Seabridge is pleased to advise that the Notice of Meeting and Management Information Circular (the "Circular") in respect of the Meeting and providing details of the Arrangement, together with the form of proxy, voting instruction form and Letter of Transmittal (the "Meeting Materials"), have today been filed on SEDAR+ (www.sedarplus.ca) and will be filed with the SEC on EDGAR (www.sec.gov). A copy of the Circular can also be found on the Company's website. Physical copies of the Meeting Materials will be mailed to shareholders on or about April 29, 2026. The Circular provides important information on the Arrangement and related matters, including the background to the Arrangement, information concerning Valor and the Courageous Lake Project, the rationale for the recommendations made by the board of directors of the Company, voting procedures and how to attend the Meeting. Shareholders are urged to read the Circular and its appendices carefully and in their entirety.Rudi Fronk, Seabridge's Chair and CEO stated: "we believe Courageous Lake is not getting the valuation it deserves in the market because it has been overshadowed by the size and advanced state of our KSM project. Our objective is for our shareholders to realize the value of Courageous Lake as the promising asset it is, with good expansion potential, in a Tier One jurisdiction. Spinning it out into a stand-alone public company should enable Courageous Lake to be valued on its merits." Mark Ashley, incoming Chief Executive Officer of Valor, commented: "It is rare to establish a new listed gold company anchored by a large, economically robust resource base, complemented by significant exploration upside. Building on Seabridge's successful efforts in advancing the project to its current stage, Valor is well positioned to further advance the existing deposit while pursuing meaningful resource expansion opportunities. I look forward to engaging with Seabridge's shareholders as we work to unlock and deliver incremental value through this focused platform."Background to the ArrangementValor was incorporated as a wholly owned subsidiary of Seabridge in January 2026.On March 23, 2026, Seabridge and Valor entered into an arrangement agreement (the "Arrangement Agreement"), which forms Appendix "B" to the Circular, pursuant to which (subject to satisfaction of other conditions of the Arrangement): Seabridge shall subscribe for 700,000 Valor Shares at a notional share price of C$7.29 per share for subscription funds of C$5,100,000 (the "Share Subscription");Seabridge will transfer its wholly-owned subsidiary, Seabridge Gold (NWT) Inc. ("SNWT") (the entity that owns the Courageous Lake Project), to Valor in consideration for (i) the issuance by Valor to Seabridge of 54,299,900 Valor Shares; and (ii) the granting by Valor to Seabridge of a gold stream in respect of which Seabridge will have the right to purchase 10% of future gold production from the Courageous Lake Project on a quarterly basis at a fixed price of US$4,000/oz if the quarterly average gold price is above US$4,000 per ounce. The form of the gold purchase agreement forms Schedule "B" to the Arrangement Agreement (the "Gold Stream Agreement") and;Seabridge will provide a C$4.9 million advance payment to Valor under the Gold Purchase Agreement.Therefore, immediately prior to completion of the Arrangement, Seabridge will hold all the Valor Shares as follows:DescriptionNumber of Valor Shares Issued on incorporation100 Share Subscription700,000 Transfer of SNWT54,299,900 Total55,000,000  The Arrangement, if approved by Shareholders, will result in Seabridge distributing the 55,000,00 shares in Valor to Shareholders on the basis of one Valor Share for every approximately 1.952 Seabridge shares held.1As previously announced, following the spin-out, Valor will have C$10 million of cash to fund anticipated work programs and general & administrative expenses. As explained above, this is being provided as follows:DescriptionC$ Gold Stream Advance$4,900,000 Share Subscription$5,100,000 Total Cash (Valor)$10,000,000  On April 10, 2026, the Supreme Court of British Columbia granted the interim order in respect of the Arrangement, which forms Appendix "C" to the Circular. The interim order authorizes various matters related to the Arrangement, including the holding of the Meeting and the mailing and delivery of the Meeting Materials to Shareholders. Subject to the approval of the Arrangement by Shareholders at the Meeting, the hearing for the Final Order is currently scheduled to take place on May 27, 2026 at 9:45 a.m. (Pacific Time) in Vancouver, British Columbia.Valor has applied to be listed on the Toronto Stock Exchange ("TSX") and intends to apply to have its shares quoted on the OTCQB Venture Market (the "OTCQB") in the United States. Subject to the satisfaction of all necessary conditions of the TSX and OTCQB, it is expected that a TSX listing will be secured shortly after the shareholder meeting, receipt of the final court order and the completion of the Arrangement and a OTCQB quotation thereafter. The Board of Seabridge, having reviewed the terms of the Arrangement and related transactions and considering, among other things, the reasons for the Arrangement, has unanimously determined that the Arrangement is in the best interests of Seabridge and its Shareholders. The Board recommends that Shareholders vote FOR the Arrangement at the Meeting.In January 2026, Seabridge announced that mining veteran Mark Ashley will be appointed as a director and CEO of Valor upon completion of the Arrangement. Seabridge is pleased to advise that the management and board of Valor will be further strengthened with the appointment of Marcus Adam (VP Exploration), Steven Cresswell (CFO and Corporate Secretary) and non-executive board members Alan Edwards (Chairman), John Seaberg, Robert Parkinson, Julie Rachnyski and Elizabeth Miller. Biographies of each of the foregoing proposed officers and directors are provided at the end of this news release.Readers are cautioned that the completion of the Arrangement is subject to a number of conditions, including the approval of Shareholders at the Meeting, court approval, conditional approval of a Valor stock exchange listing and regulatory approvals.Courageous Lake and NI 43-101 Technical ReportCourageous Lake is one of Canada's largest undeveloped gold projects with total contained gold inventory, comprising Measured and Indicated Resources, of 11.0 million ounces of gold (145.2 million tonnes at an average grade of 2.36 grams per tonne ("g/t")), plus an additional 3.3 million ounces of gold in the inferred category (40.6 million tonnes at 2.52 g/t). The reported measured and indicated resources incorporate 2.8 million ounces of proven and probable reserves (33.9 million tonnes at 2.6 g/t) which would make it one of the highest-grade open pit gold projects in Canada. In addition to the above stated resources, the project also hosts a satellite deposit (Walsh Lake) that has an inferred resource of 4.13 million tonnes at 4.18 g/t containing 555,000 ounces of gold (the "Walsh Lake Resource Estimate").Upon completion of the Arrangement, the Courageous Lake Project will be Valor's only material mineral property. Once the spin-out is completed, Valor intends to advance a targeted drill program to further explore for satellite deposits analogous to Walsh Lake and which have the potential to improve project economics. The Courageous Lake project consists of a strike length of 51 km of a prospective Greenstone Belt which has gold showings and historical drill intercepts of gold along its length.Detailed information regarding the mineral resource and reserve estimates, the Walsh Lake Resource Estimate, the 2024 Preliminary Feasibility Study ("2024 PFS") and a Preliminary Economic Assessment ("2024 PEA") are provided in the report titled "Courageous Lake Project, Pre-feasibility Study and Preliminary Economic Assessment, NI 43-101 Technical Report", with an effective date of January 5, 2024, as amended and restated on March 23, 2026 and filed on April 27, 2026 on SEDAR+ under Seabridge's profile.The 2024 PEA, is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the results of the 2024 PEA will be realized. Mineral Resources in the 2024 PEA mine plan are not Mineral Reserves and do not have demonstrated economic viability. The 2024 PEA evaluates a conceptual expansion beyond the 2024 PFS pit and includes Inferred Mineral Resources. See the 2024 PEA for relevant assumptions, parameters, and risks.Completion and Return of ProxyShareholders are encouraged to vote well in advance of the Meeting in accordance with the instructions the form of proxy or voting instruction form delivered to Shareholders. The deadline for Shareholders to return their completed proxies or voting instruction forms is May 20, 2026, at 10:00 a.m. (Eastern time). Note that Shareholders who hold their shares with a broker, bank or other intermediary may be required to return their voting instruction form in advance of May 20, 2026, at 10:00 a.m. (Eastern time) to be included in the vote.Non-registered shareholders are also encouraged to contact the proxy department at their broker or other intermediary (where their common shares are held) who can assist them with the voting process. Non-registered shareholders must follow the voting instructions provided by their broker or other intermediary and will need their specific 16-digit control number to vote.Letter of TransmittalConcurrent with the mailing of the Circular, Computershare Investor Services Inc., the depositary under the Arrangement (the "Depositary"), will also mail the Letter of Transmittal to registered Shareholders, which will be used by such Shareholders to exchange their certificates representing pre-Arrangement Seabridge common shares ("Old Seabridge Shares") for DRS advices representing post-Arrangement Seabridge common shares ("New Seabridge Shares") or a physical certificate for New Seabridge Shares and DRS advices representing Valor Shares or a physical certificate for Valor Shares, if the Arrangement is completed. Until exchanged, each certificate representing Old Seabridge Shares will, after the Arrangement, represent only the right to receive, upon surrender in accordance with the Letter of Transmittal, New Seabridge Shares and Valor Shares.Registered Shareholders must deliver to the Depositary: (a) their certificate(s) representing such Old Seabridge Shares, if any, (b) a duly completed Letter of Transmittal, and (c) such other documents as the Depositary may require, in order to receive the certificates or DRS advices representing the New Seabridge Shares and Valor Shares to which they are entitled pursuant to the Arrangement.DRS Advices or a physical certificate, if so requested, for the New Seabridge Shares of a registered Shareholder and Valor Shares who provides the appropriate documentation described above, will be registered in such name or names and will be delivered to such address or addresses as such holder may direct in the Letter of Transmittal as soon as practicable following the Arrangement and after receipt by the Depositary of all of the required documents.Where Old Seabridge Shares are evidenced only by a DRS advice, there is no requirement to first obtain a share certificate for those Old Seabridge Shares or deposit with the Depositary any Old Seabridge Share certificate evidencing those Old Seabridge Shares. Only a properly completed and duly executed Letter of Transmittal accompanied by the applicable DRS advice is required to be delivered to the Depositary in order to surrender those Old Seabridge Shares under the Arrangement.Registered Shareholders are encouraged to complete and return the Letter of Transmittal, together with the certificate(s) representing your common shares of Seabridge and any other required documents and instruments, to the Depositary (at its principal offices in Toronto), in accordance with the instructions set out in the Letter of Transmittal so that if the Arrangement is approved, the consideration for your common shares can be sent to you as soon as possible following the Arrangement becoming effective. The Letter of Transmittal contains other procedural information related to the Arrangement and should be reviewed carefully. If you hold your common shares through a broker or other person, please contact that broker or other person for instructions and assistance in receiving the new Company shares and Valor shares in exchange for your common shares upon completion of the Arrangement.About Seabridge GoldSeabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Bronson Corridor project are located in Northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit Seabridge's website at http://www.seabridgegold.com.The contents of this release have been reviewed and approved by William Threlkeld, P.Geo, Senior Vice President, Exploration of the Company and a qualified person under National Instrument 43-101.Management and Board of ValorMark J. Ashley, CEO and DirectorMark J. Ashley is a mining executive with over 40 years of international experience in corporate leadership, finance, and strategic development within the natural resources sector. He has served as CEO, CFO, and director of several publicly listed companies, leading corporate turnarounds, capital raises, and more than 20 mergers and acquisitions across global markets. Mr. Ashley previously held senior leadership roles with numerous mining entities including LionOre Mining International, Apex Minerals, Normandy Mining and has advised numerous mining companies on corporate strategy and transactions. He is a Fellow Chartered Management Accountant (FCMA) and brings extensive experience in corporate governance, capital markets, and international mining development.Marcus Adam, Vice President, ExplorationMarcus Adam is an exploration geologist and mining executive with approximately 15 years of experience leading large-scale mineral exploration programs. As Vice President, Exploration of Valor, he will be responsible for the strategic direction, design, and evaluation of Valor's exploration activities, including resource growth and technical de-risking. Mr. Adam currently serves as Director, Exploration at Seabridge and completed his MSc. research on the Courageous Lake deposit. His experience spans early-stage targeting through resource delineation including the discovery of the Deep Kerr and Lower Iron Cap zones at KSM and leading the discovery of Snip North deposit at Bronson Corridor. He holds an MBA (Leadership), an MSc., and a BSc., and is a Qualified Person and Professional Geoscientist.Steven Cresswell, CFO and Corporate SecretarySteven Cresswell is a senior finance executive with more than 25 years of experience in financial leadership, corporate governance, and operational management across the mining and natural resources sectors. He has extensive expertise in financial reporting, corporate modelling, internal controls, and strategic financing initiatives. Mr. Cresswell previously served as Vice President of Finance at Battery Mineral Resources Corp and has held Chief Financial Officer and senior finance roles with several mining and resource companies, including First Nickel Inc. and Tiberon Minerals. He holds a Bachelor of Accounting Science from the University of Calgary and is a Chartered Professional Accountant (CPA).Alan Edwards, Chairman and DirectorAlan Edwards is a highly experienced mining engineer with more than 40 years in the global mining industry, spanning project development, operations, and executive leadership. He has held senior technical and operational roles with major mining companies including Freeport McMoRan, Phelps Dodge Corporation, Kinross Gold Corporation, and Cyprus Amax Minerals Company, with involvement in world-class operations such as the Grasberg Mine. His experience spans both open pit and underground mining across gold and base metal assets, with a strong track record in advancing projects from feasibility through to construction and production. Mr. Edwards has also served at the board level, including as Chairman of listed mining companies such as Entrée Resources Ltd., Mason Resources Corp., AQM Copper Inc., and AuRico Gold Corp. providing governance oversight and strategic direction. He is recognized for his practical operating expertise, disciplined approach to risk management, and ability to guide complex mining projects through critical development stages.Robert Parkinson, DirectorRobert Parkinson is a geologist and business development professional with four decades of experience in the minerals industry. During that time, he held a variety of senior technical and leadership positions with successful mining houses including CRA/Rio Tinto, Newcrest Mining, Gold Fields and Fortescue. He has broad expertise across the commodity spectrum including gold, base metals and various specialty minerals. His experience covers the mining lifecycle from exploration through studies and development, to active mining operations. He has a particular interest in techno-economic evaluations of mineral projects as potential acquisition and development opportunities and has undertaken assessments throughout the Australasian region, North and South America, Europe and Africa. Robert holds a Bachelor of Science (Honors) from the University of Western Australia, a Postgraduate Diploma in Applied Finance and Investment and a Diploma of Management.John Seaberg, Director and Chair of the Audit CommitteeJohn Seaberg is a mining executive with more than 25 years of experience in finance, corporate development, and executive leadership within the precious metals sector. He currently serves as Chief Financial Officer of Blossom Gold, Inc. Prior to this appointment he was Advisor, M&A to Saudi Arabian Mining Company (Ma'aden), where he provided strategic guidance on global acquisitions, valuation, and due diligence. Mr. Seaberg has previously served as CEO of NV Gold Corporation, CFO of Condor Gold PLC, SVP and CFO of Calibre Mining Corporation, and Executive Chairperson of Paramount Gold Nevada Corporation. Earlier in his career he held senior roles with Newmont Mining Corporation. He holds an MBA from the University of Denver and a BSBA from Colorado State University.Julie Rachynski, Director and Chair of the Compensation CommitteeJulie Rachynski has over 25 years of experience providing corporate governance and strategic advisory support to natural resource companies. She brings deep expertise in human-capital strategy, executive compensation, succession planning, and organizational readiness, with relevance to early-stage and pre-development mining companies. Ms. Rachynski has advised boards and management teams through corporate restructurings, asset transitions, and organizational buildouts at Weyerhaeuser Canada, Domtar, New Gold, and Seabridge. She holds a Bachelor of Business Administration, is a Chartered Professional in Human Resources, and holds the ICD.D designation. Ms. Rachynski is currently Vice President, Human Resources for Seabridge.Elizabeth Miller, DirectorElizabeth Miller is an environmental and social responsibility executive with more than 25 years of experience in environmental management, permitting, and Indigenous relations for major resource projects in Canada. She is Vice President, Environment and Social Responsibility at Seabridge, where she leads environmental strategy and stakeholder engagement for the KSM, 3 Aces, and Iskut projects. Ms. Miller played a key role in the federal and provincial environmental assessment approvals for the KSM Project and has extensive experience working with Indigenous governments and regulatory authorities. She holds an M.Sc. in Biological Sciences, a B.Sc. in Wildlife Biology, and is a Registered Professional Biologist in British Columbia. Originally from Newfoundland and a member of the Qalipu Mi'kmaq First Nation, she grew up in the Northwest Territories and currently resides in Smithers, British Columbia.Neither the Toronto Stock Exchange, the New York Stock Exchange, the OTC, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral ResourcesAll mineral resource estimates reported by Seabridge were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards (May 10, 2014). These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource and reserve information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements.Forward-Looking StatementsThis document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, interpretations, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: the Company's intention to spin-out Valor by way of plan of arrangement with the resulting distribution of its shares to Shareholders; the completion of the steps of the spin-out and the timing of completion of the spin-out, including the anticipated receipt of shareholder, TSX and court approvals; the anticipated recognition of higher value in the Courageous Lake project in a separate listed company; the targeted listing of the shares of Valor on the TSX and OTCQB and the timing of it; Valor's planned cash on hand at the time of the spin-out; the estimated amount and grade of mineral reserves and mineral resources at the Courageous Lake Project; the exploration potential of the project and Valor's ability to demonstrate it rapidly; the anticipated focus of Valor post-spin-out being the advancement of Courageous Lake through exploration, engineering and permitting, and a targeted drill program to further explore for satellite deposits analogous to Walsh Lake and which have the potential to materially improve economics; the Company's expectation that Courageous Lake's measured and indicated resources and proven and probable reserves would make one of the highest-grade open pit gold projects in Canada; and the Company's initial financial plans with respect to Valor.All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Seabridge's plans or expectations include the risk that: the spin-out may not occur on the timeline anticipated or at all; the structure of the spin-out is subject to change; the Company does not receive the necessary approvals for the transaction, including shareholder, TSX and court approvals; the shares of Valor may not be listed on the TSX or quoted on the OTCQB on the timeline anticipated or at all; the market may not attribute higher value to the Courageous Lake project in a separate company, the anticipated exploration focuses of Valor may not be as anticipated; the targeted drill program may not find deposits that improve economics as expected; the Company's initial financing plans with respect to Valor may change; changes occur in the underlying facts and the reasonableness of the assumptions used to calculate a resource or reserve estimate or the geologic characteristics of the project that make declaration of a mineral resource or mineral reserve problematic; and other risks outlined in statements made by Seabridge from time to time in the filings made by Seabridge with securities regulators. Seabridge disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements.ON BEHALF OF THE BOARD
"Rudi Fronk" Chair & C.E.O.For further information please contact: Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292
Email: info@seabridgegold.com1 Based on 107,373,183 common shares of Seabridge currently issued and outstanding.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294289
Original: Seabridge Gold Provides Update on Courageous Lake Spin-Out Information Circular available on SEDAR+ Meeting Date: May 22nd, 2026

Seabridge Gold Reports Maiden Snip North Resource Estimate at Its Iskut Project in B.C.'s Golden TriangleApril 15, 2026 7:30 AM
NewsfileIskut Project Being Renamed Bronson Corridor ProjectToronto, Ontario--(Newsfile Corp. - April 15, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") reports today its first mineral resource estimate ("MRE") for the Snip North deposit at its 100% owned Iskut Project in the Golden Triangle Area of northwestern British Columbia. The maiden inferred mineral resource at Snip North totals 9.2 million ounces of gold, 28.3 million ounces of silver and 923 million pounds of copper (605.7 million tonnes at 0.47 g/T gold, 0.07% copper and 1.5 g/T silver). The resource remains open in several directions.In addition, the Iskut Project is being renamed for the mineralized belt along which the Project's deposits lie; it will now be known as the Bronson Corridor Project.Snip North is the second deposit discovered at the Bronson Corridor Project. The other deposit at Bronson Corridor is Bronson Slope. For information on the Bronson Slope deposit see here.Resources at Snip North were principally constructed based on exploration diamond drilling by the Company between 2023 and 2025. Mineralized domains and grade profiles are consistent with a significant magmatic-hydrothermal feature generated by a Cu-Au porphyry system, however that source intrusion has yet to be discovered. The maiden MRE is restricted primarily to altered sedimentary-volcanoclastic wall rock.Seabridge Chair and CEO Rudi Fronk commented: "We are excited to have accomplished our goal of a robust maiden resource for Snip North. This resource estimate reminds us of our first estimate at KSM nearly 20 years ago. Although it is not yet a material part of our total resource holdings, there remains considerable upside for expansion and discovery of the intrusive. Our team will soon be back on the ground to refine and improve our understanding of this mineral resource and use that understanding to continue exploring the Project."Leading the estimation and geostatistical analysis was Wood Canada Limited ("Wood") with Moose Mountain Technical Services ("MMTS") providing mining constraints for the estimation and Tetra Tech Canada Inc. ("Tetra Tech") providing metallurgical recovery testing and projections. All three groups are independent of Seabridge Gold.The mineral resource estimation utilizes 58 verified diamond drill holes completed between 2006 and 2025. A total of 47 holes were drilled by Seabridge Gold and 11 holes by previous operators. These drill holes yielded 27,935 unique assays intervals that were composited to 5-meter lengths. Initial composite assays were evaluated by probability distribution and decile analysis to establish composite grade outliers, before construction of 10x10x10 meter blocks. Outlier estimation restrictions were instituted by domain, and the influence of the grade outliers was significantly reduced in the subsequent estimations. Based on an analysis of variography, the block grades were estimated by multi-pass ordinary kriging.The MRE is constrained by an open pit and a long hole open stope underground shape below the constraining pit. These constraining mining shapes are preliminary and require more work to refine initial environmental and development considerations. Additional drilling is expected to provide results that may shift the center of the deposit, changing future constraining shapes and development concepts.Snip North Mineral Resource EstimateIndicated









Tonnes
(000)GoldCopperSilverMolybdenumGrade
(g/t)Ounces
(millions)Grade
(%)Pounds
(millions)Grade
(g/t)Ounces
(millions)Grade
(ppm)Pounds
(millions) Open Pit27,6490.380.30.06361.31.1664









Inferred









Tonnes
(000)GoldCopperSilverMolybdenumGrade
(g/t)Ounces
(millions)Grade
(%)Pounds
(millions)Grade
(g/t)Ounces
(millions)Grade
(ppm)Pounds
(millions) Open Pit301,3750.333.20.053511.211.95738 Underground304,2810.616.00.095721.716.56644Total Inferred605,6560.479.20.079231.528.36282 Notes:The effective date for the Mineral Resource Estimate for Snip North is April 8, 2026.The Mineral Resource Estimates have been verified and endorsed by Henry Kim P.Geo., an independent Qualified Person. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.Mineral Resources were prepared in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014) and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (Nov 29, 2019).Mineral Resources were constrained within mineable shapes depending on the assumed mining methods.Net Smelter Return (NSR) cut-off is $14.51/t for the Open Pit based on estimated operating cost and using the following assumptions: metal prices of US$5.05/lb Cu, US$2875/oz Au, US$34.50/oz Ag, US$23/lbs Mo and exchange rate of 0.73 US$ per 1.00 Cdn$; Copper concentrate terms are 90% payable Cu; 97% payable Au; 91% payable Ag. Offsite costs (smelting, refining, transport, and insurance) are $218 per tonne of concentrate; doré terms are $3/oz Au offsite costs (refining, transport and insurance), 99.8% Au and Ag payable; and variable overall metallurgical recoveries of Cu (45 to 95.5%), Au (35 to 82%), Ag (25 to 55%) and Mo (0 to 68%) based on their head grades.The Mineral Resources have been constrained by "reasonable prospects of eventual economic extraction" mining shapes using assumptions: metal prices 140% higher than the NSR assumptions including US$4025/oz Au, US$7.1/lb Cu, US$48.3/oz Ag, and US$ 32.2/lb Mo with a currency exchange rate of 0.73 US$ per 1.00 Cdn$, pit slope of 45 degrees, open pit mining cost of $2.50/t, underground mining cost of $40/t for long hole open stope mining; "Moly" = "Molybdenum"Numbers may not add due to rounding. Unless noted otherwise, dollars reported herein are Canadian dollars.The mineralization at Snip North is hosted by sedimentary and volcanoclastic rocks of the Triassic Stuhini Group. Metal grades are disseminated in stockwork veins and replacements of calcareous interbeds. Extensive and intensive potassic alteration of these rocks is characterized by biotite and K-feldspar. On the west side of the system, muscovite-quartz-pyrite dominates and near the central part of the zone overprints the potassic alteration. Bounding the north and south sides of the zone are fractured and sheared areas that display very little off set. The system plunges to the north-northwest. The contents of this release have been reviewed and approved by Henry Kim, P.Geo., Principal Resource Geologist, Wood Canada Limited. Data verification by Henry Kim included comparison of the data to the original source documents, review of the QAQC program, and site visit during Aug 8-12, 2025, that involved inspection and re-logging of existing drill cores which concluded that the data are suitable to support mineral resource estimates. Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal assets, the KSM project, and its Bronson Corridor project are in British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. A full breakdown of Seabridge's mineral reserves and mineral resources by category can be found on the Company's website at http://www.seabridgegold.com.Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral ResourcesAll mineral resource estimates reported by Seabridge were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards (May 10, 2014). Since 2021 the U.S. Securities and Exchange Commission ("SEC") recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" and the supporting mining studies that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. Further, "inferred mineral resources" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.Cautionary Note Regarding Forward-Looking Statements This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral resources, including the conceptual open pit and underground long-hole open stope shapes, and the cut-off grade, (ii) the selection of the various assumptions underlying the resource estimate are reasonable, and (iii) the potential for expansion of the resource through additional drilling and the potential for discovery of the intrusive source of the deposit, and (iv) there being a discoverable source CU-Au intrusion associated with the drill results. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above under the Table entitled "Snip North Mineral Resource Estimate", but other assumptions include: (i) the presence of and continuity of metals at the Project at estimated grades; (ii) the metallurgical recoveries from ore; and (iii) the applicability of the assumptions on mining costs to the Bronson Corridor Project. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of assumptions, such as statements of cut-off grade, which are based on mining costs, metals prices and construction costs assumptions. The cost information is also prepared using values current as of the effective date of the study, but the time for incurring the costs will be in the future and it is assumed costs (and metals prices) will remain stable over the relevant period.By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur as forecast, but specifically include, without limitation: risks relating to variations in the mineral content within the material identified as mineral resources from that predicted; variations in rates of recovery and extraction; developments in world metals and financial markets; risks relating to fluctuations in the Canadian dollar relative to the US dollar; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; operational and infrastructure risks and the additional risks described in Seabridge's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2025 and in Seabridge's Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.When relying on our forward-looking statements to make decisions with respect to Seabridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Seabridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Seabridge or on our behalf, except as required by law.ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/292554
Original: Seabridge Gold Reports Maiden Snip North Resource Estimate at Its Iskut Project in B.C.'s Golden Triangle

Decision to Issue Construction Permits for Seabridge Gold's KSM Mitchell Treaty Tunnels DelayedApril 10, 2026 6:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 10, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announces today that it has received a letter from the Ministry of Mining and Critical Minerals of British Columbia (the "Ministry") advising that a decision to issue permit amendments for construction and operation of the Mitchell Treaty Tunnels ("MTT") over their full length (the "MTT Authorization") has been delayed. The MTT are an important infrastructure component of the KSM Project consisting of two parallel tunnels connecting the mining operations in the Mitchell Valley with the processing operations in the Treaty Valley. Approximately 12.5 kilometres of the MTT will pass through mineral claims owned by a third party, Tudor Gold Corp. ("Tudor"). Seabridge holds a Licence of Occupation for the MTT route and authorizations to construct the MTT portals at three sites and approximately 100 metres of tunnel length at each portal location (including over areas of mineral claims owned by Tudor).The decision-maker reviewing the application for the MTT Authorization has referenced a legal action commenced by Tudor challenging whether KSM's conditional mineral reserve (the "CMR") for the MTT applies to Tudor's mineral claims. The question is whether the CMR applies to mineral claims that pre-existed the CMR. The terms of the CMR for the MTT state that "A free miner must not obstruct, endanger, or interfere with the construction, operation, or maintenance of [the MTT]". The Ministry had previously confirmed on multiple occasions in writing that the CMR applies to Tudor's mineral claims. The decision-maker has advised the Company that he is not going to make a decision on its permit amendment application until the legal issue is resolved. Seabridge Chair and CEO Rudi Fronk commented: "We are confident that the CMR is a means by which the BC government can legally reserve land for construction of infrastructure like the MTT over government owned lands, including lands subject to third-party mineral claims such as Tudor's. KSM has been determined to be in the best interests of the Province of BC on numerous occasions." Mr. Fronk noted that there are no plans to commence construction of the MTT until a Final Feasibility Study has been completed.Mr. Fronk also stated, "We have always been clear that if Tudor has an approved and permitted mine plan for its Goldstorm Project, then we are willing to sit down and find an amicable solution to the MTT issue. However, agreeing to move the MTT route before Tudor has a defined project makes no sense."About Seabridge Gold
Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Iskut projects in British Columbia's Golden Triangle. Additional projects include Courageous Lake in the Northwest Territories, Snowstorm in Nevada's Getchell Gold Belt, and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and resources is available at www.seabridgegold.com.Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements This document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements herein relate to Seabridge being confident that the conditional mineral reserve (CMR) permits the government to legally reserve land for construction of infrastructure over lands subject to third party mineral claims, such as Tudor's. All forward-looking statements are based on Seabridge's or its advisors' current beliefs as well as various assumptions made by them and information currently available to them. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Seabridge's plans or expectations include the risk that the government, or a court, determines that the CMR does not permit the government to authorize the construction of the MTT over pre-existing third party mineral claims, as well as other risks outlined in statements made by Seabridge from time to time in the filings made by Seabridge with securities regulators. Seabridge disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/291901
Original: Decision to Issue Construction Permits for Seabridge Gold's KSM Mitchell Treaty Tunnels Delayed

Seabridge Gold Provides Updated Mineral Resource Estimates for KSM ProjectMarch 31, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 31, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge") announced today updated Mineral Resource Estimates for its KSM Project located in northwestern British Columbia using metal prices of US$2,000/oz Au, US$4.00/lb Cu, US$25/oz Ag, and US$ 22/lb Mo at a currency exchange rate of 0.746 US$ per 1.00 Cdn$. For the past 10 years, KSM resource disclosure used metal prices of US$1,300/oz Au, US$3.00/lb Cu, US$20/oz Ag, US$9.70/lb Mo at a currency exchange rate of 0.83 US$ per 1.00 Cdn$.Measured and Indicated Mineral Resources increase by 6.8 million ounces of gold, 1.5 billion pounds of copper, 42.7 million ounces of silver and 93 million pounds of molybdenum compared to the last resource update in January 2024.Inferred Mineral Resources increase by 12.9 million ounces of gold, 4.2 billion pounds of copper, 108.8 million ounces of silver and 140 million pounds of molybdenum compared to the last resource update in January 2024.The mineral resource model has not changed, only the assumed metal prices and costs used to constrain the mineral resources and calculate cut-offs. The only difference is the tabulation of the resource blocks above updated cut-offs and inside updated constraining mining shapes. The updated mineral resource tabulation uses the same grade models used in the KSM Preliminary Feasibility Study and Preliminary Economic Assessment, NI 43-101 Technical Report", with an effective date of August 8, 2022 (see 2022 KSM TECHNICAL REPORT). Seabridge Chair and CEO Rudi Fronk said the resource restatements reflect gains from the application of updated metal price parameters and operating costs. "As we move towards a joint venture on KSM, our resource estimates' price assumptions are now consistent with most Tier 1 mining company disclosure."The updated Mineral Resource Estimates for KSM are as follows: Measured ResourcesDepositTonnes
(000)GoldCopperSilverMolybdenumGrade 
(g/t)Ounces
(millions)Grade
(%)Pounds
(millions)Grade
(g/t)Ounces
(millions)Grade
(ppm)Pounds
(millions) Mitchell - OP700,0000.6715.10.192,9323.2673.45280 East Mitchell - OP1,105,0000.6222.00.112,6801.7863.286210Total Measured1,805,0000.6437.10.145,6122.35136.673290 Indicated ResourcesDepositTonnes
(000)GoldCopperSilverMolybdenumGrade 
(g/t)Ounces
(millions)Grade
(%)Pounds
(millions)Grade
(g/t)Ounces
(millions)Grade
(ppm)Pounds
(millions) Mitchell - OP1,922,0000.4628.40.135,5082.7166.865274 East Mitchell - OP1,069,0000.3612.40.081,8851.552.973172 Sulphurets - OP477,0000.538.10.202,1031.015.35053 Kerr - OP396,0000.212.70.383,3181.11444 Kerr - UG31,0000.210.20.402731.51.5121 Iron Cap - UG555,0000.376.60.202,4474.172.83543Total Indicated4,450,0000.4158.40.1615,5342.3323.356547 Measured plus Indicated ResourcesDepositTonnes
(000)GoldCopperSilverMolybdenumGrade
(g/t)Ounces
(millions)Grade
(%)Pounds
(millions)Grade
(g/t)Ounces
(millions)Grade
(ppm)Pounds
(millions) Mitchell - OP2,622,0000.5243.50.158,4402.8240.261354 East Mitchell - OP2,174,0000.4934.40.104,5651.7116.180382 Sulphurets - OP477,0000.538.10.202,1031.015.35053 Kerr - OP396,0000.212.70.383,3181.114.044 Kerr - UG31,0000.210.20.402731.51.5121 Iron Cap - UG555,0000.376.60.22,4474.172.83543Total Measured + Indicated6,255,0000.4895.50.1521,1462.3459.961837 Inferred ResourcesDepositTonnes
(000)GoldCopperSilverMolybdenumGrade
(g/t)Ounces
(millions)Grade
(%)Pounds
(millions)Grade
(g/t)Ounces
(millions)Grade
(ppm)Pounds
(millions) Mitchell - OP1,980,0000.2616.60.125,2382.36150.245.8200 East Mitchell - OP589,0000.305.70.067791.8334.758.175 Sulphurets - OP326,0000.394.10.117911.3514.126.019 Kerr - OP106,0000.240.80.184211.073.64.91 Kerr - UG2,699,0000.2723.40.3420,2311.7147.521.1126 Iron Cap - UG2,769,0000.3833.80.2515,2622.47219.930.3185Total Inferred8,469,0000.3184.40.2342,7222.157032.5606 Notes:The effective date for the Mineral Resource Estimate for KSM is March 30, 2026.The Mineral Resource Estimates have been verified and endorsed by Henry Kim P.Geo., an independent Qualified Person. Mineral Resources are reported inclusive of those Mineral Resources that were converted to Mineral Reserves.Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.Mineral Resources were prepared in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014) and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (Nov 29, 2019).Mineral Resources were constrained within mineable shapes depending on the assumed mining methods.Net Smelter Return (NSR) cut-off is $11.85/t for the Mitchell Pit, $12.35/t for the East Mitchell Pit, $9.90/t for the Sulphurets pit, $9.90/t for the Kerr open pit based on updated operating cost and using the following assumptions: metal prices of US$2,000/oz Au, US$4.00/lb Cu, US$25/oz Ag, and US$ 22/lb Mo at a currency exchange rate of 0.746 US$ per 1.00 Cdn$; Copper concentrate terms are 96% payable Cu; 97.8% payable Au; 90% payable Ag. Offsite costs (smelting, refining, transport, and insurance) are $222 per tonne of concentrate; doré terms are $2/oz Au offsite costs (refining, transport and insurance), 99.8% Au payable, and 90% Ag payable; metallurgical recovery projections vary depending on metallurgical domain and metal grades and are based on metallurgical test work.The Mineral Resources have been constrained by "reasonable prospects of eventual economic extraction" mining shapes using assumptions: metal prices of US$2800/oz Au, US$5.6/lb Cu, US$35/oz Ag, and US$ 30.8/lb Mo with a currency exchange rate of 0.746 US$ per 1.00 Cdn$; Pit slopes range between 32-51 degrees in the Mitchell area and 25-43 degrees in the East Mitchell area; with $2.50/t mining costs; $11.85/t process + G&A costs for Mitchell; $12.35/t process + G&A costs for East Mitchell; offsite terms and metallurgical recoveries are the same as Note 7; Pit slopes for Sulphurets range between 34-50 degrees; $2.50/t pit mining costs; $9.90/t process + G&A costs; offsite costs (smelting, refining, transport, and insurance) are $222 per tonne of concentrate; doré terms are $2/oz Au offsite costs (refining, transport and insurance), 99.8% Au payable, 90% Ag payable, 99% Mo payable; Recoveries vary depending on metallurgical domain and metal grades and are based on metallurgical test work as described in Section 13 of the 2022 NI 43-101 report.The block cave constraining shapes for Kerr and Iron Cap were developed by applying an NSR shut-off at the draw point of $18.50/t for Iron Cap and $20.00/t for Kerr."Moly" = "Molybdenum"Numbers may not add due to rounding. The mineral resource model has not changed, only the assumed metal prices and costs used to constrain the mineral resources and to calculate the cut-off grade. The updated mineral resource does not materially change the existing mineral reserves because the constraining mining shapes for the mineral reserves are interior to the mining surfaces used for the mineral resources. Also, the cut-offs applied to the Mineral Reserves are higher than those applied to the Mineral Resources. The change to the Mineral Resources are not considered material to the KSM Project or to Seabridge.Qualified PersonsHenry Kim P.Geo., the independent Qualified Person and Principal Resource Geologist with Wood Canada Limited, has reviewed and approved the scientific and technical information contained in this press release. Details of the data verification performed to support the Mineral Resource estimates, and identification of any known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources are provided in Technical Report dated August 8, 2022.About Seabridge Gold Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut projects are located in Northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada, and the 3 Aces project is in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit Seabridge's website at http://www.seabridgegold.com.None of the Toronto Stock Exchange, the New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral ResourcesAll mineral reserve and resource estimates reported by Seabridge were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definition Standards (May 10, 2014). The U.S. Securities and Exchange Commission ("SEC") now recognizes estimates of "measured mineral resources," "indicated mineral resources" and "inferred mineral resources" and uses new definitions of "proven mineral reserves" and "probable mineral reserves" and the supporting mining studies that are substantially similar to the corresponding CIM Definition Standards. However, the CIM Definition Standards differ from the requirements applicable to US domestic issuers. Further, "inferred mineral resources" are that part of a mineral resource for which quantity and grade are estimated on the basis of limited geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.Cautionary Note Regarding Forward-Looking InformationThis document contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this document. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) the estimated amount and grade of mineral resources, including the cut-offs; (ii) the estimated amount of future production, both material processed and metal recovered and recovery rates; (iii) estimates of operating costs, life of mine costs and net cash flow from an operating mine. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "envisages", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.All forward-looking statements are based on Seabridge's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. The most significant assumptions are set forth above, but other assumptions include: (i) the presence of and continuity of metals at the Project at estimated grades; (ii) the geotechnical and metallurgical characteristics of rock conforming to sampled results; (iii) the quantities of water and the quality of the water that must be diverted or treated during mining operations; (iv) the capacities and durability of various machinery and equipment; (v) the availability of personnel, machinery, equipment at estimated prices and within the estimated delivery times; (vi) currency exchange rates; (vii) metals sales prices; (viii) anticipated mining losses and dilution; (ix)success in realizing contemplated operations; (x) receipt of permits and other regulatory approvals on acceptable terms; and (xi) the successful conclusion of consultation with impacted indigenous groups. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Many forward-looking statements are made assuming the correctness of other forward-looking statements and therefore are conditional on the other statements being accurate.By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates assumptions and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur as forecast, but specifically include, without limitation: risks relating to variations in the mineral content within the material identified as mineral resources from that predicted; variations in rates of recovery and extraction; the geotechnical characteristics of the rock mined or through which infrastructure is built differing from that predicted, the quantity of water that will need to be diverted or treated during mining operations being different from what is expected to be encountered during mining operations or post closure, or the rate of flow of the water being different; developments in world metals markets; risks relating to fluctuations in the Canadian dollar relative to the US dollar; difficulties attracting the necessary work force; and risks relating to the costs of other energy sources; changes in development or mining plans due to changes in logistical, technical or other factors; changes in project parameters as plans continue to be refined; risks relating to receipt of regulatory approvals or the conclusion of successful consultation with impacted indigenous groups; changes in regulations applying to the development, operation, and closure of mining operations from what currently exists; the effects of competition in the markets in which Seabridge operates; operational and infrastructure risks and the additional risks described in Seabridge's Annual Information Form filed with SEDAR in Canada (available at www.sedarplus.ca) and in Seabridge's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR(available at www.sec.gov/edgar.shtml for the year ended December 31, 2025. Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.When relying on our forward-looking statements to make decisions with respect to Seabridge, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Seabridge does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Seabridge or on our behalf, except as required by law.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.   For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.com  To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290564
Original: Seabridge Gold Provides Updated Mineral Resource Estimates for KSM Project

Seabridge Gold Files 2025 Annual Information Form, Year End Audited Financial Statements and MD&AMarch 26, 2026 7:56 PM
NewsfileToronto, Ontario--(Newsfile Corp. - March 26, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) has filed its Annual Information Form, Audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025 on SEDAR+ (https://www.sedarplus.ca/home/). These documents are also available on the Company's website at https://www.seabridgegold.com/investors/financial-reports. Seabridge's Form 40-F will be filed shortly with the SEC on EDGAR (www.sec.gov/). The Company's Shareholders may, upon written request, receive a hard copy of the Company's complete 2025 audited consolidated financial statements free of charge. During the year ended December 31, 2025, Seabridge posted a net loss of $53.2 million ($0.53 per share) compared to a net loss of $31.2 million ($0.35 per share) for the previous 12-month period. During 2025, Seabridge invested $137.0 million in mineral interests, property and equipment compared to $106.3 million in 2024. Excluding assets and liabilities held for distribution related to the spin-out of our Courageous Lake Project, at December 31, 2025, net working capital was $109.8 million compared to $44.8 million (excluding $6.9 million Flow-Through share premium) at December 31, 2024. The reported net loss for 2025 was mostly due to a non-cash $60.1 million loss associated with the remeasurement of the Secured Note liabilities that are denominated in U.S. dollars and structured to be exchanged into royalties at KSM upon commercial production. Under IFRS, remeasurement of the Secured Note liabilities, result in changes in the fair value at each reporting date, due to changes in input variables such as market interest rates and metal prices. However, these changes in fair value are unrealized. The Secured Notes will either be put back to the Company at the prescribed amount under the rights of the noteholders, or they will be exchanged for the prescribed royalties at maturity. For details on the accounting for the secured notes please see Note 12 to the 2025 Audited Financial Statements.Chair and CEO Rudi Fronk commented: "2025 was a year of important accomplishments. The BC Hydro switching station, a critical piece of infrastructure, was advanced towards completion. This asset keeps available low cost, green hydro power for KSM ahead of other projects in the area. To surface value for shareholders, we propose to spin-out 100% of the prospective Courageous Lake project to our shareholders through a new company, Valor Gold Corp., that is expected to be listed publicly. A separate company can more effectively advance Courageous Lake while we remain focused on KSM and, also, the Iskut project where we confirmed a new large gold-copper deposit at Snip North. For a detailed analysis of 2025 activities, please see the 2025 Report Card. Seabridge recently announced 10 new objectives for 2026 with our number one corporate objective for 2026 to complete the process of securing a partner for KSM with the technical, financial and social skills to advance the project to production. Negotiations continue to advance with our preferred partner". Seabridge holds a 100% interest in several North American gold projects. Two of Seabridge's principal assets, the KSM project and its Iskut project, are located in British Columbia's "Golden Triangle". The Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at http://www.seabridgegold.com. Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements
This news release includes certain forward-looking statements or forward-looking information. This information and these statements, referred to herein as "forward-looking statements" are made as of the date of this news release. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding: (i) completion of the spin-out of the Courageous Lake Project and the public listing of Valor Gold Corp.; and (ii) the objectives of the Company in 2026, including completing the process of securing a partner for KSM, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory and transaction execution issues, failure to successfully negotiate joint venture terms, general economic, capital market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable securities legislation. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair and C.E.O.For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/290163
Original: Seabridge Gold Files 2025 Annual Information Form, Year End Audited Financial Statements and MD&A

Tudor Abandons Appeal of the BC Chief Gold Commissioner's Decision Pertaining to Seabridge Gold's KSM's Mitchell Treaty Tunnels (MTT)March 19, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 19, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that Tudor Gold Corp. ("Tudor") has filed a Notice of Abandonment of Appeal with the Supreme Court of British Columbia, thereby abandoning its appeal of the Chief Gold Commissioner's (CGC) decision relating to her authority to hear an application challenging KSM's Mitchell Treaty Tunnels (MTT). The CGC's decision, issued on May 28, 2025, declined jurisdiction over an application brought by Tudor seeking a determination that Seabridge's KSM MTT Conditional Mineral Reserve (CMR) in respect of the MTT should not apply to Tudor or, in the alternative, that the KSM MTT CMR be cancelled. By abandoning the appeal, Tudor has accepted the CGC's decision regarding her jurisdiction. Seabridge reported the initiation of the appeal on July 14, 2025.The CMR requires the current holders of the mineral claims through which the MTT pass not to obstruct, endanger, or interfere with the construction, operation, or maintenance of the MTT. The legal effect of the CMR has been confirmed by representatives of the BC Ministry of Mines on multiple occasions going back over 11 years. The MTT are a critical infrastructure component of the KSM Project, consisting of two parallel tunnels connecting the east and west sides of the mine site. Approximately 12.5 kilometers of the MTT will pass through mineral claims owned by Tudor.Seabridge Chair and CEO Rudi Fronk stated: "We applaud Tudor's decision to abandon its appeal, which lacked any merit from the outset. This action reinforces our position that the authorizations issued in favour of the MTT do not give Seabridge any interest in Tudor's mineral rights."About Seabridge GoldSeabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Iskut projects in British Columbia's Golden Triangle. Additional projects include Courageous Lake in the Northwest Territories, Snowstorm in Nevada's Getchell Gold Belt, and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and resources is available at www.seabridgegold.com.Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.For further information, please contact: Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289162
Original: Tudor Abandons Appeal of the BC Chief Gold Commissioner's Decision Pertaining to Seabridge Gold's KSM's Mitchell Treaty Tunnels (MTT)

Seabridge Gold Announces 2026 ObjectivesMarch 10, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 10, 2026) - For more than 20 years, Seabridge Gold (TSX: SEA) (NYSE: SA) has set and published annual objectives and reported the results of those objectives at the end of each year. We call it our report card. For our 2025 report card, please see here. Our degree of success achieving these objectives is used to determine "at-risk" compensation for senior management and bonus considerations for other employees. Here are the 10 objectives set for 2026, and the weighting factors assigned by our Board. Corporate ObjectivesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4600/287843_figure1.jpgAbout Seabridge Gold Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is set in Yukon. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit the Company's website at http://www.seabridgegold.com.Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.This news release lists 10 objectives of the Company. Objectives are forward-looking statements of matters that the Company is working to achieve. There can be no assurance that such objectives will be achieved, and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's objectives or expectations include program execution issues, the market for advanced gold and copper projects, availability of financing for work programs, general economics, market or business conditions, receipt of, and timeliness of, government, regulatory or shareholder approvals, contractor non-performance, inability to participate in legal actions and other risks detailed from time to time in the filings made by the Company with securities regulators. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair and C.E.O.For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/287843
Original: Seabridge Gold Announces 2026 Objectives

Seabridge Gold Announces Key Management ChangesFebruary 12, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - February 12, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today the upcoming retirement of its Chief Financial Officer, Chris Reynolds. After 15 years of dedicated service, Chris will step down from the role effective March 31, 2026, following completion of the 2025 audit and filing the annual financial statements. He leaves behind a legacy of financial stewardship, strategic growth, and lasting relationships.Chris became part of the team in 2011 and played an important role in advancing Seabridge through significant change and growth. He established a strong focus on financial reporting, built a finance team, cultivated cybersecurity and risk management, and helped secure ongoing funding to advance key projects - all of which have been crucial to Seabridge's ongoing success. The company values Chris's dedication, leadership, and contributions throughout his tenure. "It has been an honor to serve as CFO of Seabridge Gold," said Chris. "I am proud of what we have accomplished together and have great confidence in the company's future."With the retirement of Chris, Seabridge is pleased to announce the appointment of Greg Martin as its Chief Financial Officer effective March 31, 2026. Greg will join Seabridge on March 2nd to ensure a smooth transition with Chris. Greg brings deep experience in the areas of corporate finance, treasury, corporate development and building strong teams. Greg has recently held the role of CEO of Nevada Copper, EVP and CFO at SSR Mining, and other executive roles with NovaGold, Zincore Metals, and Placer Dome. He has managed acquisitions and significant joint ventures in the mining industry which will prove valuable for the establishment of a joint venture on our KSM project. His diverse background and education underline his strategic mindset, adaptability, and competitive drive."We are excited to welcome Greg to our leadership team," said Rudi Fronk, CEO. "With his deep expertise in financial management and strategic planning, we are confident that he will be a great addition to the executive team and help drive our company's next phase of development as a joint venture partner and producer."Greg commented, "I am thrilled to join Seabridge Gold at a pivotal juncture for the KSM project and the Company. I look forward to working with this talented team to continue building on its success."Seabridge is also pleased to announce the promotion of current Finance Director, Hassan Esmaeili, to Vice President, Finance. Hassan joined Seabridge in 2018 and has over 20 years of extensive experience in financial reporting, auditing and systems with organizations such as DeBeers and KPMG. With the addition of Greg and the promotion of Hassan, Seabridge's finance team continues to possess depth and invaluable experience. About Seabridge Gold Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut projects are located in Northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project is in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit Seabridge's website at http://www.seabridgegold.com. Neither the Toronto Stock Exchange, the OTC, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD
"Rudi Fronk"
Chair & C.E.O.  For further information please contact:
Rudi P. Fronk, Chair and C.E.O.
Tel: (416) 367-9292
Email: info@seabridgegold.com
 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283660
Original: Seabridge Gold Announces Key Management Changes

Really happy to own shares of Seabridge.

I'm looking at 3 or 4 things to drive share price higher in the short-term. 
1)  Partnership Agreement on KSM hopefully in Q1???

2)  court ruling on Substantially Started expected to be released in February. 

3)  Spin-off of Courageous Lake project to Seabridge shareholders into new company Valor Gold.  Expected by Middle of year.

4)  iskut project news.  Maiden Resource estimate 43-101 for Snip North deposit. 

I trust Rudi Fronk as CEO.  He is steady.  He seems honest and kind, but also wrapped with integrity.  His team keeps finding more gold.  His team works hard to de-risk KSM.  KSM project is incredible.  Gold, Copper, Silver, Molybdenum.   And Iskut might turn out to be similar to KSM.  Seabridge Gold.  I really like Seabridge Gold. 

New video From January 23rd 2026

Grabbed more shares today

Rudi Fronk interview from January 19th.

Wow!!  This is a strong move this morning. 

Great press release today on the Courageous Lake spin-off to form new company Valor Gold.  

Valor God will spin-off to existing Seabridge Gold shareholders.   Vote in June 2026.

Jim Anthony and Rudi Fronk provide a presentation and Q&A with Red Cloud hosting.  November 12th 2025.

Short summary video from Rudi.Date on YouTube shows December 1st 2025.

Seabridge Gold will be added to the GDX in September 2025 at an initial weighting at  0.35%

Red Cloud interview from April 2025.  Rudi Fronk and Jim Anthony.KSM project is an incredible project for gold and/or copper for next 150 years.  Lots of silver as well.

Interview with Rick Rule April 2025

Rudi Fronk talks Seabridge Gold.Jim Anthony talks Gold price and Basel III and July 2025.  I see very few recent videos about Basel III.  Most are over a year old.  Jim Anthony thinks July 2025 is a Basel III date or deadline.

$SA 
Interview from 3 weeks ago.  Jan 16th

$SA CEO interviewed by Stansberry Research in August 2024. Rudi stated all the metals in the ground: Gold, Copper, Silver had a value of $8000 a share in August 2024. Gold and Silver have both increased in value since then.

Video of CEO Rudi Fronk by Crux Investor.  Recorded December 16th.  Quick review of the top three projects owned by Seabridge Gold.  

Nice move today. Is inside information on a possible JV leaking out? The number 1 priority on the 2024 goals was "Enter a joint venture agreement on the KSM project with a suitable partner on terms advantageous to Seabridge shareholders" with a 20.5% rating on pay for performance goals. In addition the last report on 8/14/2024 stated " KSM joint venture discussions continue with six large mining companies. The receipt of the substantially started designation is a significant de-risking event for the KSM project which Seabridge believes will strengthen its hand in negotiating favourable joint venture terms." I think it highly likely that something could be announced by year end. With todays higher gold prices big miners have substantially increased cash flows and at least 6 are looking at KSM. Rudy keeps derisking the KSM project and shortening the time to first pour. Supposedly they are holding out for terms very favorable to shareholders. Staying long and interested to see how this all shakes out. Anyone have a best guess on the 6 interested parties? ABX, FCX, .......??? JMHO

Surprised this board isn't active after recent SA news. Will SA sign a JV? Seems a reasonable probability.

Pretivm to Divest Snowfield Property to Seabridge Gold for Cash Consideration of US$100 Million, a 1.5% Royalty and Contingen...

https://ih.advfn.com/stock-market/NYSE/pretium-resources-PVG/stock-news/83832273/pretivm-to-divest-snowfield-property-to-seabridge

Options

I'm in

$SA The Silver Lining In Seabridge Gold Inc. (SA), NQ Mobile Inc. (NQ) https://postanalyst.com/2017/12/27/the-silver-lining-in-seabridge-gold-inc-sa-nq-mobile-inc-nq/

SA buy 10.00

















normal chart




log chart

Seabridge Gold (NYSEMKT:SA): Q3 EPS of -$0.30.

Canadian Government Issues Key Authorization for KSM’s Tailings Management Facility

TORONTO, June 27, 2017 (GLOBE NEWSWIRE) -- Seabridge Gold Inc. (TSX:SEA) (NYSE:SA) announced today that the Government of Canada has issued a regulatory amendment to Schedule 2 of the Metal Mining Effluent Regulations (MMER) under the Fisheries Act for Seabridge’s KSM Project located in northwestern British Columbia. The amendment authorizes certain natural water bodies frequented by fish for use in a Tailings Management Facility (TMF).

The regulatory amendment, which required a change in Canadian law, approves the construction of KSM’s TMF subject to strict bonding and fishery habit compensation requirements which were identified during the three year amendment review process. In the KSM Project design, the TMF is located in the upper tributaries of Teigen and Treaty Creeks which form part of the Nass River drainage. The TMF will store the Project’s ore-processing by-products in order to minimize environmental impacts downstream.

Seabridge Gold Chairman and CEO Rudi Fronk commented: “Receipt of this amendment represents a significant permitting milestone for KSM, equivalent in many ways to our receipt of environmental assessment approvals from the Provincial and Federal Governments in 2014. This approval further validates that KSM’s TMF is well-designed and environmentally responsible,” Fronk said.

“I am grateful to the Government of Canada for its support and I would like to express our appreciation and thanks to the Minister of Environment and Climate Change Canada and her technical team for reviewing and approving our regulatory amendment application. I would also like to acknowledge the Nisga’a and the Tahltan Nations, the Gitanyow First Nation and other government regulators whose thoughtful input further strengthened our TMF design and ultimately contributed to the successful conclusion of this significant amendment review process.”

Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company’s principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral reserves and resources by project and category please visit the Company’s website at http://www.seabridgegold.net/resources.php.

Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.

All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding mineral reserves and resources of the Company and the potential economic benefits of the Project are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

ON BEHALF OF THE BOARD

"Rudi Fronk"
Chairman & C.E.O.

For further information, please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.net

Source: Seabridge Gold Inc.

Seabridge Gold Completes Acquisition of Snowstorm Project

TORONTO, June 07, 2017 (GLOBE NEWSWIRE) -- Seabridge Gold Inc (TSX:SEA) (NYSE:SA) announced today that it has completed the acquisition of a 100% interest in the Snowstorm Project from PFR Gold Holdings, LP (“PFR”) (formerly known as Paulson Gold Holdings, LP). The Snowstorm Project consists of 31 square miles of land holdings strategically located at the projected intersection of three of the most important gold trends in Northern Nevada: the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone (see attached map).

Seabridge completed the acquisition by purchasing all of the outstanding shares of the private company that owns a 100% interest in the Snowstorm Project in exchange for issuing PFR 700,000 Seabridge common shares plus 500,000 common share purchase warrants exercisable for four years at $15.65 per share. In addition, Seabridge has agreed to pay PFR (i) a conditional cash payment of US$2.5 million if exploration activities at Snowstorm result in defining a minimum of five million ounces of gold resources compliant with National Instrument 43-101; and (ii) a further cash payment of US$5.0 million on the delineation of an additional five million ounces of gold resources. Canaccord Genuity Corp. acted as financial advisor to PFR on this transaction.

The Snowstorm property consists of 700 mining claims and 5,800 acres of fee lands carefully assembled in a private company over a 15 year period and explored over the past 10 years. Seabridge has staked an additional 260 claims totaling 5,200 acres that are contiguous to the claims purchased from PFR. The Snowstorm acquisition also includes an extensive package of data generated by previous operators. Although potential targets are hidden under Tertiary cover, the existing data supports the project’s outstanding exploration potential. Geological and geochemical evaluations of Snowstorm have documented hydrothermal alteration zones consistent with large Northern Nevada deposit types. Geophysical surveys have confirmed the structural settings which host large Northern Nevada deposit types. Limited drilling has demonstrated that some of the target areas are at a depth amenable to surface exploration and resource delineation.

Snowstorm is contiguous and on strike with several large, successful gold producers including the Getchell/Turquoise Ridge Joint Venture operated by Barrick Gold, Newmont Mining’s Twin Creeks and Klondex Mines’ Midas operations.

Commenting on the deal, Paulson & Co.’s President John Paulson stated: “We chose Seabridge as the best home for the Snowstorm project because they share our vision of the project’s geologic potential and their exploration team has done an outstanding job of growing the resources and reserves on their existing projects. Moreover, Seabridge’s projects, particularly KSM, provide us with significant leverage to a higher gold price.”

Seabridge Chairman and CEO Rudi Fronk said: “We are very pleased to gain Paulson & Co. as a shareholder. The Paulson team has a deep understanding of our business and the opportunities that lie ahead. We look forward to their advice and assistance as we grow the value of our Company. Seabridge has been an industry leader in finding additional gold resources over the past decade. For some time now, we have been looking for a large-scale asset in Nevada which remains one of the world’s best environments for finding large gold deposits. The Snowstorm acquisition accomplishes this objective. This project has all the earmarks of an outstanding exploration play and we appreciate the opportunity to capitalize on its exceptional potential.”

A location map accompanying this announcement is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/ebf99500-bb65-4d36-83aa-e4f4e2081353

The common shares and warrants issued to acquire the Snowstorm Project, and any shares issued upon exercise of the warrants, are subject to a hold period in Canada which expires on October 7, 2017.

Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company’s principal assets are the KSM and Snip Gold properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada’s Northwest Territories. For a breakdown of Seabridge’s mineral reserves and resources by project and category please visit the Company’s website at http://www.seabridgegold.net/resources.php.

All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the location of the projected intersection of the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone lying on the Snowstorm Project and the exploration potential of the Project, including the conclusions of the geological, geochemical and geophysical evaluations and past drilling, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

ON BEHALF OF THE BOARD"Rudi Fronk"
Chairman and C.E.O.

For further information, please contact:

Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 · Fax: (416) 367-2711
Email: info@seabridgegold.net

Source: Seabridge Gold Inc.

ANNUAL MEETING INFORMATION

The 2017 Annual General Meeting of Shareholders of SEABRIDGE GOLD INC will be held at the Albany Club, 91 King Street East, Toronto, Ontario, M5C 1G3 on June 27, 2017 at 4:30 p.m., EDT.


http://www.envisionreports.com/STDQ2017/2017/07AP17078d/4b82ae60c76245fa88e95b96c02490d3/STDQ_2017_NAA_%20Notice_E01.pdf

Seabridge Gold to Acquire Snowstorm Project
Tuesday, 14th February 2017

Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today that it has entered into a letter of intent setting forth the terms under which it has agreed to purchase a 100% interest in the Snowstorm Project from Paulson Gold Holdings, LP ("Paulson"). The Snowstorm Project consists of 31 square miles of land holdings strategically located at the projected intersection of three of the most important gold trends in Northern Nevada: the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone (see map below).

The Letter of Intent contemplates that Seabridge will acquire all of the outstanding shares of the private company that owns a 100% interest in the Snowstorm Project. Consideration agreed to be paid to Paulson is: (i) 700,000 Seabridge common shares; (ii) 500,000 common share purchase warrants exercisable for four years at $15.65 per share; (iii) a conditional cash payment of US$2.5 million if exploration activities at Snowstorm result in defining a minimum of five million ounces of gold resources compliant with National Instrument 43-101; and (iv) a further cash payment of US$5.0 million on the delineation of an additional five million ounces of gold resources. The letter of intent is non-binding and closing of the transaction is subject to completion of further review of the private company's affairs and a definitive agreement and receipt of stock exchange approvals. Paulson has agreed to a 60-day exclusivity and non-solicitation period to allow the parties to complete further review and settle a definitive agreement. Canaccord Genuity Corp. acted as financial advisor to Paulson on this transaction.

The Snowstorm property consists of 700 mining claims and 5,800 acres of fee lands carefully assembled in a private company over a 15 year period and explored over the past 10 years. The Snowstorm acquisition also includes an extensive package of data generated by previous operators. Although potential targets are hidden under Tertiary cover, the existing data supports the project's outstanding exploration potential. Geological and geochemical evaluations of Snowstorm have documented hydrothermal alteration zones consistent with large Northern Nevada deposit types. Geophysical surveys have confirmed the structural settings which host large Northern Nevada deposit types. Limited drilling has demonstrated that some of the target areas are at a depth amenable to surface exploration and resource delineation.

Snowstorm is contiguous and on strike with several large, successful gold producers including the Getchell/Turquoise Ridge Joint Venture operated by Barrick Gold, Newmont Mining's Twin Creeks and Klondex Mines' Midas operations.

Commenting on the deal, Paulson & Co.'s President John Paulson stated: "We chose Seabridge as the best home for the Snowstorm project because they share our vision of the project's geologic potential and their exploration team has done an outstanding job of growing the resources and reserves on their existing projects. Moreover, Seabridge's projects, particularly KSM, will provide us with significant leverage to a higher gold price."

Seabridge Chairman and CEO Rudi Fronk said: "We are very pleased to gain Paulson & Co. as a shareholder. The Paulson team has a deep understanding of our business and the opportunities that lie ahead. We look forward to their advice and assistance as we grow the value of our Company. The Snowstorm Project has all the earmarks of an outstanding exploration play in one of the world's best environments for finding large gold deposits. We appreciate the opportunity to capitalize on its outstanding potential."



Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM and Snip Gold properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and category please visit the Company's website at http://www.seabridgegold.net/resources.php.

All reserve and resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the completion of the acquisition of the Snowstorm Project, the location of the projected intersection of the Carlin Trend, the Getchell Trend and the Northern Nevada Rift Zone lying on the Snowstorm Project and the exploration potential of the Projectare forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

ON BEHALF OF THE BOARD

"Rudi Fronk"
Chairman and CEO

Rudi P. Fronk, Chairman and CEO
Tel: (416) 367-9292 · Fax: (416) 367-2711
Email: info@seabridgegold.net

NATTER

GREAT call!!!............are u getting back in about $10.50

GLTA

A66

Under $12 even better. Time to buy

Come on down below $13 so I can buy

15.02 as of today

Im out. SA is going back under 10 USD.

Sitting on a healthy 100% plus gain. Good company. Even better Entry Price

$SA recent news/filings

bullish 10.65
bull flag

company runs a unique "Case for Gold" article blog sharing management's interpretations of the market
http://seabridgegold.net/case4gold.php


$SA charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$SA company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/SA/company-info
Ticker: $SA

$SA extra dd links

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/SA/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/SA/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=SA+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=SA+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=SA+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/SA/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/SA/news - http://finance.yahoo.com/q/h?s=SA+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/SA/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/SA/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/SA/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/SA/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/SA/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/SA/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/SA/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/SA/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=SA+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/SA

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/SA/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/SA
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/SA/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/SA/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/SA/sec-filings
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/SA/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/SA/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/SA/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/SA/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=SA&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=SA
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/SA/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=SA+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=SA+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=SA
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=SA
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=SA+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/SA/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=SA+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/SA.SA
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=SA
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/SA/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/SA/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/SA/insider-trSA
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/SA/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/SA
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/SA
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/SA:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=SA
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=SA

TGR: Even though KSM is the world's largest undeveloped gold-copper project, Seabridge continues to explore aggressively. Why?

RF: Not because we are simply adding more of the same material we have already as reserves. Adding mine life at the same grade as our existing resource beyond our projected 55-year operating horizon would make no difference to our economic projections.

What our recent exploration has achieved is the addition of nearly 1 Bt at Deep Kerr and Lower Iron Cap containing over 11 Moz gold and 10 Blb copper at grades 50–100% higher than our existing reserves. This new material will allow us to modify the KSM mine plan by bringing forward higher-grade material, improving the economics and making KSM that much more attractive to a suitable partner.

TGR: How much working capital does Seabridge have and how much debt, if any?

RF: We have no debt. Seabridge is debt adverse. We recently announced a $14.6M non-brokered financing, which was taken up by two of our largest shareholders. That will increase our working capital to over $20M, enough to carry us well into 2017.

Many juniors worry about their ability to finance. Because we've stayed on message and on course with our shareholders over such a long period of time, we've always been able to raise money when needed to fund operations and exploration.

TGR: What are your plans for Courageous Lake? How far is that project from a feasibility study?

RF: We completed a prefeasibility on Courageous Lake in 2012 showing a robust project at higher gold prices. The gold price since then has fallen dramatically, so we recognized that KSM was the better project to advance first. That said, Courageous Lake holds 6.5 Moz P&P on only 2 kilometers within a 52-kilometer greenstone belt. There are known gold showings up and down its entirety, and there are two historic mines on the property that produced at better than one ounce per ton.

We will begin to advance Courageous Lake after it becomes clear that the gold market is again moving into a bull market.

TGR: You mentioned a potential joint venture (JV) partner to help with KSM's $5.3 billion capex. How is this search progressing?

RF: Slowly. We have been upfront about the fact that KSM is too large for Seabridge alone from both the technical and financial aspects, especially considering that since 2011, the market environment has not been kind to large projects, both on the precious metals and base metal sides.

KSM, however, has now received its environmental approvals and has added a significant higher-grade resource. These advances have strengthened our position considerably. About 10 of the world's largest gold and base metal miners are now conducting due diligence on KSM under confidentiality agreements. If we can achieve the objectives we seek in a JV, we'll do a deal. If that proves impossible in the current depressed environment, we will continue to derisk and await improved market conditions. We have no doubt, however, that KSM will be developed as the largest mining project ever built in Canada.

TGR: You already have an option agreement with Royal Gold Inc. (RGLD:NASDAQ; RGL:TSX).

RF: Yes. Royal Gold invested $48M in Seabridge with the purchase of 2M shares at an average price of about $24 per share, a 15% premium to the then market price. We then invested that cash to advance KSM. Royal now holds an option to buy a 2% royalty on KSM's gold and silver, not its copper or molybdenum. To exercise that option, Royal would have to pay Seabridge $160M in cash.

TGR: Are you considering any streaming arrangements?

RF: Not at this time. Should we sign a JV with a gold miner, we could use the copper under an offtake agreement or perhaps even a stream to help fund a good portion of the upfront capex to build the mine. Under such an arrangement, Seabridge and its JV partner would keep the entire gold exposure. Alternatively, should we sign a JV with a base metals miner, it might be realistic for Seabridge's retained interest in KSM to be in the form of a stream on the gold produced there. That would allow us to put up no capital going forward and buy physical gold from KSM at a meaningful discount to the prevailing spot gold price.

TGR: At a time when so many gold juniors are hitting 52-week lows, Seabridge hit a 52-week high Oct. 28. How much growth remains in Seabridge shares?

RF: As someone who has more than 90% of his net worth tied up in Seabridge shares, I believe a great upside still exists. I also believe we will continue to see insider purchases. During the last two upcycles in gold, Seabridge common shares reached nearly $40, significantly outperforming most other gold equities.