Skeena Resources Limited reported assay results for the last four holes drilled on its 100% owned Spectrum property in northwest British Columbia. The property is situated 40 km west of Imperial Metals' Red-Chris Mine and 14 km west of Teck's GJ deposit. All holes yielded intervals of significant gold values.

Highlights include: 43.80 g/t Au over 2.0 metres in hole 14-SP-006; 9.50 g/t Au over 2.0 metres in hole 14-SP-007; 4.58 g/t Au over 9.0 metres in hole 14-SP-008; 13.70 g/t Au over 4.0 metres and 254.50 g/t over 2.0 metres in hole 14-SP-09. This last intercept represents the deepest intersection of significant mineralization obtained to date (from 285 to 287 metres) from an apparent down-plunge extension of the 500 Colour Zone. All of the other intercepts were from an average of 50 metres beneath historic intercepts in the Central Zone.

The location of all the drill holes is presented in the plan map below. Interpretation of the drill results is on-going and will be a critical item for the planning of the 2015 exploration program. During the most recent program, 250 intervals of on-site historic core were re-sampled.

Re-sampling of the historic drill core was impacted by more than 20 years of open field storage. There are issues with the amount of material available for re-sampling and the reliability of sample depth markers. Slight variation in sample intervals and inadequate remaining material may explain some differences in results.

The sampling crew also observed that many high-grade intervals had already been sampled to exhaustion. Preliminary observations indicate that the previously interpreted presence of a structurally controlled high-grade gold system in the Central Zone appears to have been confirmed. Furthermore, this system remains open both on strike and to depth.

A review of the re-sampling of historic core and a statistical analyses of the assays of duplicate samples, inserted standards, and inserted blanks (the quality assurance/quality control, or QA/QC procedures) indicates that a moderate nugget effect exists which needs to be further investigated. In general the re-sampling compared reasonably well with the original assays, though higher-grade intervals (> 5 g/t Au) display greater variability (i.e. nugget effect) than low grade intervals (< 2 g/t Au). However, there are enough differences, both positive and negative, to warrant further re-sampling as well as some caution in the future design and application of QA/QC procedures and drill spacing.

The Central Zone drilling indicates a gold-rich system with no important secondary metals. However, historical results confirm that other targets on the property contain both significant gold and copper values. The 2015 exploration program will continue expanding both 500 Colour Zone and the Central Zone while other targets will be up-graded to the drill stage as the Company begins to prioritize all of the known targets.