Seabridge Gold Inc.
106 Front Street East, Suite 400 M5N 1Z9 Toronto, ON, Canada

Good news for KSM. BQE Water has successfully implemented its patented Selen-IX process to reduce water concentrations of selenium to less than 2 parts per billion at the Kemess mine in BC Canada: https://buff.ly/3i8UEyv. Seabridge will use this process to meet critical water quality standards at KSM.

What we do best is exploration. We now have three new projects to play with on the exploration side. The most recent acquisition was 3 Aces that we acquired from Golden Predator in a large land package that's situated in the Yukon. To buy this we paid 300,000 shares and issued Golden Predator a half a percent royalty on this asset. We also agreed that if we are successful at 3 Aces with our exploration activities, then we will make further conditional payments to them in cash based on the level of ounces that we find. TSX: SEA #Mining #metals

We're now looking at Courageous Lake, and what is the best way to drive value to our shareholders going forward including a potential outright sale of this asset. Based on recent transactions, this asset could generate several hundred million dollars to us if we choose to sell it. Or perhaps through a joint-venture with a partner that wants to spend the dollars to advance Courageous Lake to a construction decision. So stay tuned on this. TSX: SEA #Mining #metals

Last year we completed internal studies on Courageous Lake using independent consultants that confirmed there is a smaller, less capital intensive, more robust project with better economic returns than what we have in our 2012 PFS. TSX: SEA #Mining #metals

If you look at the economics at the 2012 PFS at Courageous Lake, you see what marginal means. A payback period of 11 years on a mine life of only 15 years. Obviously nobody's going to build that mine, which is why we then really started to focus more on the opportunity at KSM. But if you look at Courageous Lake at today's metal prices and today's exchange rate, what was a marginal project back in 2012, looks a lot better today. TSX: SEA #Mining #metals