March 2017

2

Certain statements made and information contained herein may constitute “forward lookinginformation” and “forward looking statements” within the meaning of applicable Canadian andUnited States securities legislation, including, among other things, information with respect tothis presentation. These statements and information are based on facts currently available tothe Company and there is no assurance that actual results will meet management’sexpectations. 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 certainfactors and assumptions regarding, among other things, the estimation of mineral resourcesand reserves, the realization of resource and reserve estimates, metal prices, taxation, theestimation, timing and amount of future exploration and development, capital and operatingcosts, the availability of financing, the receipt of regulatory approvals, environmental risks, titledisputes and other matters. While the Company considers its assumptions to be reasonable asof the date hereof, forward-looking statements and information are not guarantees of futureperformance and readers should not place undue importance on such statements as actualevents and results may differ materially from those described herein. The Company does notundertake to update any forward-looking statements or information except as may be requiredby applicable securities laws.

The Qualified Persons responsible for the technical information in this presentation are MichaelCathro, P. Geo & Vice President Operations and Rupert Allan P. Geol., Director & VicePresident of Exploration, who have approved the technical information included herein. Anyreference to historical estimates and resources should not be relied upon.These are not currentand a Q.P. has not done sufficient work to classify these historical estimate and SkeenaResources Limited is not treating the historical estimate as a current resource estimate.

Forward Looking Statements

Skeena Overview

The Golden Triangle in British Columbia contains; 130 million oz of gold, 800 million oz of silver, 40 billion lbs of copper

3

Excellent Jurisdiction

High Quality Assets

Proven Management Team

Aggressive Exploration Programs

Strong Technical Team

Snip (past-producing high-grade gold mine) Spectrum-GJ (gold-copper porphyry - PEA April 2017) Porter Idaho (past-producing high-grade silver mine)

Discovered Eskay Creek (Canada’s highest grade gold /silver mine) and Snip (1.1M oz produced @ 27.5 g/t Au) $25 million raised for exploration since 2014

Highly experienced team of mine-finders, led by Ron Netolitzky; 2015 Canadian Mining Hall of Fame inductee

36,600 metres drilled since 2015 15,000 metres planned for Snip in 2017

Property Locations – BC’s Golden Triangle

4

Snip Overview

5

Option to acquire 100% interest from Barrick Gold in March 2016: Work commitment of $2 million completed - $3 million spent to date Negotiating environmental bond with province Title transfer expected spring 2017

Produced 1.1 million ounces of gold at average grade of 27.5 g/t from 1991 to 1999

Significant potential for remaining high-grade gold mineralization

7,180 metre exploration drill program completed in 2016

15,000 metres planned for 2017

Snip Geology

6

Snip Twin Zone Workings & Vein Models

7

280,000 metres of surface & underground drilling

8,435 metres of underground ramp & haulage development

Looking North

Snip Section 4665 – 200 Footwall Zone

8

9

Snip Section 4950 – 412 Zone

Snip Level 450 Plan View

10

Infrastructure in the Golden Triangle

5

Excellent access to power & infrastructure:

Highway 37 paved north from Smithers

New 287 kV power line supplies low cost power

Forrest Kerr & McLymontCreek Power Station within 17 km of Snip

Red Chris mine 25 km east of Spectrum-GJ

Opening of ocean port facilities in Stewart

Spectrum-GJ Porphyry Project

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

**

*

12

Spectrum Mineral Resource*@ 0.5 g/t AuEq cut-off Average Grades Contained Metal

Category Tonnes Au (g/t) Ag (g/t) Cu (%) Au (oz) Ag (oz) Cu (lb)

Indicated 8,590,000 1.04 6.58 0.11 290,000 1,820,000 20,835,000

Inferred 22,630,000 1.03 3.85 0.11 750,000 2,800,000 54,889,000

GJ Mineral Resource**@ 0.3% Cu cut-off Average Grades Contained Metal

Category Tonnes Cu (%) Au (g/t) CopperMillion lbs

Gold Million ozs

Measured 27,410,000 0.35 0.39 213.95 0.341

Indicated 106,260,000 0.31 0.36 726.34 1.220

M&I 133,670,000 0.32 0.36 940.23 1.560

Inferred 53,690,000 0.26 0.33 312.54 0.570

Spectrum-GJ NI 43-101 PEA with updated Resource to be released April 2017

Porter Idaho Silver Project

Photo courtesy of Mount Rainey Silver Inc.

13

Argentiferous Galena

Excellent proximity to infrastructure

More than 6,000 m of existing underground workings

Produced 2.2 million ounces silver between 1929 - 1931 from 27,123 tonnes with recovered grades of 73.8 oz/ton (2,542 g/t Ag)

Porter Idaho Exploration Opportunity

Photo courtesy of Mount Rainey Silver Inc.

14

Porter Idaho Historical Resource*@ 170 g/t Ag cut-off Avg. Grades Contained Metal

Category Tonnes Ag (g/t) Ag (oz)

Indicated 394,700 868 11,000,000

Inferred 88,900 595 1,700,000

*Resource calculations completed by N.C. Carter, Ph.D., P. Eng. in 2008 for Raimount Energy Inc. and re-stated for Mount Rainey Silver Inc. in 2012. See Sedar filed 43-101 dated Mar. 10, 2008 under Raimount Energy Inc. for more details

Skeena 2017 Deliverables & Budget

Near-Term Deliverables:

Snip gold vein modelling complete, drill plans announced March 2017

Snip ownership transfer from Barrick Gold complete Spring 2017

Spectrum-GJ NI 43-101 PEA released April 2017

Snip underground workings accessed & drilling commences June 2017

Porter Idaho asset sale/spin-out Ongoing

Capital raising - $8.5 million required for 2017 Ongoing

Initial Snip NI 43-101 Resource Estimate released End 2017

2017 BudgetSnip Drilling: 15,000 metres underground + surface $5 Million

Snip Environmental Bond $1.5 Million

Working Capital & Contingent $2 Million

Total $8.5 Million

15

Skeena Capital Structure

Capital StructureCurrent Shares Outstanding 535,877,707

Market Capitalization ($0.09) $48.2 Million

52 Week High $0.20

52 Week Low $0.06

Cash on Hand* $6.2 Million

Warrants 68,101,528

Options 53,579,438

Shares Fully Diluted 657,558,727*As of September 30, 2016. All other figures as of January 31, 2017.

Key Shareholders Eros Resource Corp.

Ingalls & Snyder

Resource Capital Fund

Adrian Day Asset Management

Delbrook Capital

Gold 2000

Zinjin Mining Group

US Global

Concept Capital Management

Directors

Share Price TSX.V: SKE 2016-08-15 to 2017-02-15

16

Contact Details

Kelly Earle | Vice President, Communicationskearle@skeenaresources.com | Tel: +1 604 684 8725

Skeena Resources LimitedSuite 650 – 1021 West Hastings StreetVancouver, British Columbia, Canada

V6E 0C3

End