May 2016

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Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation, including, among other things, information with respect to this presentation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as “anticipates”, “believes”, “targets”, “estimates”, “plans”, “expects”, “may”, “will”, “could” or “would”. Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

The Qualified Person responsible for the technical information in this corporate presentation is J. Rupert Allan P. Geol., Director and Vice President of Exploration who has approved this technical information included herein. Any reference to historical estimates and resources should not be relied upon. These are not current and a Q. P. has not done sufficient work to classify these historical estimate and Skeena Resources limited is not treating the historical estimate as a current resource estimate.

Forward Looking Statements

Investment Considerations

• Highly experienced team of mine-finders, including Chairman Ron Netolitzky, who

was inducted into the Canadian Mining Hall of Fame in 2015

• Visionary leadership and strong execution team with continued access to capital

from institutional shareholders

• Advancing two adjacent, post-discovery projects in BC’s Golden Triangle:

> Spectrum gold high-grade & bulk tonnage deposits; maiden 43-101

resource estimate released Apr. 25, 2016

> GJ copper-gold bulk tonnage porphyry; updated 43-101 resource estimate

Sedar filed Feb. 26, 2016

• Recently optioned past producing, high-grade Snip Gold Mine from Barrick Gold

Corp. & actively evaluating other project acquisitions

• Insiders and institutions hold approximately 90% of outstanding shares

3

Current Portfolio of Resources

4

Resource calculations completed by Gary H.Giroux, M.A.Sc., P.Eng.

*See April 25, 2016 Skeena news release for more details. **See Sedar filed 43-101 dated Feb. 26, 2016 for more details

**

*

Property Locations – BC’s Golden Triangle

5

Snip Gold Mine Overview

• Option to acquire 100% interest from Barrick Gold Corp. in March 2016

• One mining lease and four mineral tenures totalling 1,932 hectares in the Liard Mining

Division

• Produced 1,106,500 ounces of gold from 1,250,200 tonnes of ore milled at an average

recovered head grade of 27.5 g/t from 1991 to 1999

• Improved access & infrastructure including the McLymont Creek hydroelectric facility, built 2

years ago and located 18 km east of Snip

6

• Significant potential for

remaining high-grade gold

mineralization and exploration

upside

• Deposit remains partially open

along strike, down dip, and in

some production areas, where

the estimated cut-off grade of

23 g/t gold was below the

economic limit for mining in the

1990s

Snip 2016 Drill Targets

• A minimum of 3,000 m of drilling to be completed in

2016 (12 holes averaging 250 – 300 m) at the

following high priority targets:

• Deep Footwall: targets below the 150 & 130 veins,

(accounting for approx. 25% of Snip’s production)

include the following historic high-grade intercepts:

S-18 26.95 g/t Au over 3.0 m

S-54 837.2 g/t Au over 0.6 m

S-60 336.5 g/t Au over 0.9 m

• Lamp Zone: east of mine workings, explored by 2

adit levels yielding the following results:

UG-1742 135.60 g/t Au over 1.9 m

S-12 91.90 g/t Au over 3.5 m

• Eastern Deeps (also down dip of the Twin West

Zone old mine workings) which has yielded the

following intersections:

S-247 24.27 g/t Au over 2.1 m

S-249 34.80 g/t Au over 2.1 m

• Boundary Pond & Gold Ring which are partially drill

tested and have yielded the following intersections:

S-229 20.50 g/t Au over 1.5 m

S-244 374.4 g/t Au over 0.3 m

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Image of historic article written about Snip from 1990s

Snip Geology with Drill Targets

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Snip Cross Section with Grades*

*See Appendix

Spectrum & GJ Project Locations

• Located in the prolific Golden Triangle of

northwestern BC which hosts other

world-class gold and gold-copper mines

and projects including Valley of the

Kings (Pretivm), Galore Creek (Teck &

Novagold), EskayCreek (Barrick), Red

Chris (Imperial Metals)

• Excellent access to power and

infrastructure

• Spectrum: 3,580 Ha, 37 km west of

Red Chris, high-grade and bulk tonnage,

multi-zone gold-copper project, open to

depth and along strike

• GJ: 38,374 Ha, porphyry copper-gold

deposit, 25 km from Red Chris with

similar geology and grades

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Spectrum Gold Overview

• Spectrum hosts high-grade mesothermal gold and lower grade porphyry-style copper and gold

• Current Central Zone resource within a conceptual open pit and at a 0.50 g/t AuEq cut-off grade:

• Indicated: 8.95 million tonnes @ 1.04 g/t Au, 6.58 g/t Ag & 0.11% Cu, containing 290,000 ounces

gold, 1.82 million ounces silver & 20.835 million pounds copper

• Inferred: 22.63 million tonnes @ 1.03 g/t Au, 3.85 g/t Ag & 0.11% Cu, containing 750,000 ounces

gold, 2.8 million ounces silver & 54.889 million pounds copper

• Positive metallurgy*:

Gravity 24.6% – 56.4% Au

recovery, Gravity &

Cyanide 91.8% – 98.8%

Au recovery, Gravity &

Flotation 85% – 92.8% Au

recovery

• IP survey, environmental,

metallurgical studies &

engineering investigations

for future development

options all planned for

2016

*See news releases dated May 14 &

July 20, 2015 for more details

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Spectrum Project (Looking West)

Spectrum 2016 Drilling

• Up to 10,000 m of diamond drilling

planned for 2016:

• Resource expansion drilling of

porphyry Au-Cu mineralization which

is open to the west, south & north

sides of the Central Zone

• Exploration drilling on high- priority

peripheral targets, aimed at building

additional high-grade / bulk tonnage

resources

• Central Zone resource expansion drilling:

• Newly recognized zone of porphyry

Au-Cu mineralization that begins at

surface & has potential dimensions

of up to 200 m in thickness, 250 m in

the down dip direction, and 2000 m

in strike length

• Skarn Zone showing - historic 20 m

chip sample grading 2.9 g/t Au and

0.5% Cu

Spectrum 2016 Drilling

• High-priority exploration targets include:

• 300 Colour Zone: strong Au(Ag-As-

Cu-Pb-Sb) soil geochemical anomaly

measuring 400 m by 150 m, with a

2015 drill intersection of 1.15 g/t Au

over 52 m, including 1.87 g/t Au over

16 m

• Road Boundary Area: 680 m by 340

m with highly anomalous Au in soil

and rock chip samples & a 2015 drill

hole intersecting 10.5 g/t Au over

1.14 m

• Fog Soil Anomaly: only one historic

hole drilled to date that intersected

1.03 g/t Au over 40.8 m, including

9.18 g/t Au over 2 m

• Far West: Cu-Mo soil anomaly

comprised of two lobes each roughly

700 by 200 m & soil values

averaging 36 ppm Mo (max. 437

ppm) & 334 ppm Cu (max. 1080

ppm) & open to the west

GJ Copper-Gold Project Overview

• Acquired in October 2015 with a bulk-tonnage porphyry Cu-Au resource, plus numerous other porphyry

Cu-Au & high-grade Au prospects

• Updated 43-101* resource released Jan. 14, 2016 with 0.2% Cu cut-off:

• Measured & Indicated: 133.67 million tonnes @ 0.32% Cu & 0.36 g/t Au containing 940.23 million

pounds of copper & 1.56 million ounces of gold

• Inferred: 53.69 million tonnes @ 0.26% Cu & 0.33 g/t Au, containing 312.53 million pounds of

copper & 0.57 million ounces of gold

• Potential for expansion of Donnelly deposits to west & at depth

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*Sedar filed February 26, 2016

GJ Exploration Targets

• Several high-priority prospects identified

including drill-ready bulk tonnage Cu-Au

porphyry targets & high-grade Au-Ag vein

targets

• Examples of historic trench & chip samples

include:

• 17.0 g/t Au & 1.87% Cu over 0.8 m

• 18.0 g/t Au & 0.47% Cu over 1.5 m

• 29.6 g/t Au & 17.7 g/t Ag over 3.0 m

• 23.3 g/t Au & 233.5 g/t Ag over 1.4 m

• Historic drill intersections include:

• 19.9 g/t Au, 202.3 g/t Ag, 3.0% Cu, &

5.31% Zn over 2.47 m

• 9.9 g/t Au, 79.6 g/t Ag, 0.81% Cu, &

3.53% Zn over 0.5 m

• 0.21% Cu & 0.15 g/t Au over 29 m

• 0.276% Cu over 69.0 m

• Planning & permitting for the 2016 season

is currently underway

Skeena Share Structure

*Management and insiders control 37% of the shares outstanding.

*28% of shares outstanding are subject to Exchange escrow restrictions

*Cash on Hand as of December 31, 2015

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Shares Outstanding: 352,401,172

Market Capitalization (@$0.09): $31.7 Million

52 Week High: $0.125

52 Week Low: $0.055

Warrants:

Number Exercise Price Date of Expiry

40,397,000 $0.10 October 27, 2016

Stock Options

Number Exercise Price Date of Expiry

13,900,000 $0.10 November 6, 2019

600,000 $0.10 January 29, 2020

200,000 $0.10 May 11, 2020

14,700,000

Fully Diluted: 407,498,172

Cash on Hand: $3.6 Million

Skeena Board & Management

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Ron Netolitzky - Chairman

Mr. Netolitzky has been very successful in mining exploration with over 30 years of experience

and having been directly associated with three major gold discoveries in Canada that have

subsequently been put into production: Eskay Creek, Snip and Brewery Creek. He is a director

of several publicly traded exploration companies. Mr. Netolitzky has been honoured with the

Prospector of the Year award from the PDAC, and Developer of the Year award from the BC &

Yukon Chamber of Mines. In 2015, he was inducted into the Canadian Mining Hall of Fame.

Walter Coles Jr. - Director, President & CEO

Mr. Coles has served as CEO & President for several TSX Venture listed junior mining

exploration and development companies, throughout the past 7 years. Mr. Coles entered the

mining business as part of an effort to develop a mineral resource discovered on family farmland

in Virginia. He was previously an analyst for Cadence Investment Partners, from 2005 through

to 2007. Prior to that Mr. Coles worked for UBS Investment Bank in New York as a Senior

Research Analyst in the bank’s High Yield Group. Mr. Coles started at UBS Investment Bank in

1999 as an Associate reporting to the bank’s Global Head of Fixed Income Strategy. Mr. Coles

holds a B.A. in Economics from the University of Richmond.

J. Rupert Allan B. Sc., P. Geol. - Director, VP Exploration

Mr. Allan is a consulting geologist with 45 years’ experience in base

and precious metals exploration throughout Canada and internationally.

He has worked extensively in northwest British Columbia and was

instrumental in the permitting and development of the Brewery Creek

heap leach gold mine in the Yukon.

Skeena Board & Management

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Peter Tredger - Director

Mr. Tredger is a professional engineer with 45 years of mining industry experience, including

executive management positions with Thompson Creek Metals Company Inc. from 2006 to

2008, Blue Pearl Mining Inc. (now Thompson Creek) from 2004 to 2006, Glencairn Gold Corp.

(now B2Gold Corp.) from 2002 to 2004, and Wheaton River Minerals Ltd. (now Goldcorp Inc.)

from 1992 to 2001. Mr. Tredger has more than 25 years experience as a public company

director of several Canadian and Australian listed mining companies.

Karen Allan, CPA, CMA - CFO & Corporate Secretary

Mrs. Allan is a Certified Management Accountant and has served as Chief Financial Officer

and/or Corporate Secretary for the past 20 plus years for several public companies including

Virginia Energy Resources Inc., Boss Power Corp., Masuparia Gold Corporation and others.

Michael Cathro M. Sc.,P. Geo. - VP Operations

Mr. Cathro is a registered professional geoscientist in BC and holds a

BSc from Queen’s University and a MSc from the Colorado School of

Mines. Mr. Cathro’s 35-year career has included work as an exploration

geologist around the world, and 17 years in technical and management

roles with the BC Ministry of Energy, Mines and Petroleum Resources.

Mr. Cathro led the team that successfully completed the environmental

review and permitting of the New Afton copper-gold project, now one of

the largest underground metal mines in Canada.

Contact Details

Tony Perri | Investor Relations Manager

tperri@skeenaresources.com | Tel: +1 604 684 8725 | Dir: +1 604 558 7681

Skeena Resources Limited

Suite 650 – 1021 West Hastings Street

Vancouver, British Columbia, Canada

V6E 0C3

End