SKE Skeena Resources Limited

Skeena Resources Limited (TSX VENTURE: SKE) is pleased to announce assay results of 4 additional holes from its current 5,000 metre diamond drill program on its 100% owned Tropico Project, Sinaloa State, Mexico. Assay results have now been obtained from 15 of the 19 holes completed to date (totaling approximately 4,242 m), out of a proposed 22 hole first-phase program, on this layered mafic/ultramafic complex. Within the central portion of the Maricela - San Pablo Zone (refer to news releases dated May 10 and 30, and June 13, 2011), up to four parallel, near vertically dipping, 16 metre to greater than 100 metre thick horizons of mineralized pyroxenite, interspersed with barren gabbro, have been drill intersected, each yielding 0.17 to 0.5% copper, from 0.2 g/t to 0.6 g/t PGM (platinum + palladium + gold) and an average silver content of approximately 2 g/t. The 2 pyroxenite bands on the north side appear to have good continuity over a strike length of at least 2.5 km; the 2 horizons on the south side are less well investigated at this stage but are interpreted to have continuity over a strike length of at least 1.5 km.

Assay results are set out in the Table below, and the reader is referred to a drill plan map on the Company's website at www.skeenaresources.com.

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                                   Interval         PGM (Pt+Pd+Au)
Drill Hole No.  From (m)    To (m)       (m)   % Cu        ppb(ii)  Ag (g/t)
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SK 11-012         202.2     216.0      13.8   0.183           204       2.3
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SK 11-013         148.4     154.4       6.0   0.479           492       4.4
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                  197.5   226.6(i)     29.1   0.197           236       1.6
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SK11-014           95.0     173.0      78.0   0.145           219       0.8
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 including        146.8     161.0      14.2   0.206           325       1.1
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                  217.0     235.0      18.0   0.171           328       1.1
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SK 11-015          12.0      20.0       8.0   0.226           335       2.1
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                   43.8      52.0       8.2   0.139           203       0.7
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                   74.0     194.5     120.5   0.255           345       1.4
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 including        120.3     192.5      72.2   0.344           452       1.8
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                  244.5   259.0(i)     14.5   0.187           198       0.9
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(i)  Mineralization remains open at depth as the hole was stopped short
(ii) 1,000 ppb equals 1 gram per tonne

Additional drilling will test for lateral continuity at the west end of the Maricela Zone, and at depth on at least one of the prior drill fences in the central portion of the Maricela Zone.

Further drill results will be reported in batches of holes.

Quality Control

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by J. R. Allan, P.Geol., president and CEO of Skeena Resources Limited, the designated Qualified Person for this project. On site drilling supervision is provided by two independent geologists, Dr. Daniel Rubiolo. P.Geo. of GeoServa Exploration Ltd. and Ing. Felipe Ortega Garcia of Servicios Geologicos y Mineros de Aztlan SA de CV. A rigorous chain-of-custody and QA/QC program, consisting of the insertion of certified standard control samples, duplicates and blanks was applied to the N thin-walled diameter, sawn half-core samples. Sample preparation was handled by an Acme Analytical Laboratories facility in Guadalajara, Mexico and the analyses by Acme Analytical in Vancouver, British Columbia. Gold and the PGM elements are analyzed by fire assay with an ICP-ES finish, and 31 additional elements by ICP-AES analyses. Drill intercepts are reported as down hole lengths over widths in metres, as true widths of the various zones have not yet been reliably ascertained.

ON BEHALF OF THE BOARD OF DIRECTORS OF SKEENA RESOURCES LIMITED

J. R. Allan, P.Geol., President

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contacts: Skeena Resources Limited Tony Perri Investor Relations, Manager 604-684-8725 604-669-2543 (FAX) tperri@skeenaresources.com Wani Capital Raju Wani 403-240-0555