Skeena Resources Ltd

Published : April 24th, 2008

Commits to Malpica Project, Mexico with $1 Million Option Payment

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Re:        News Release - Thursday, April 24, 2008
Title:     Skeena Commits to Malpica Project, Mexico with $1 Million Option Payment

Skeena Resources Limited (TSX.V: SKE) is pleased to announce that its Mexican subsidiary, Skeena Mexico SA de CV, has committed to a Final Purchase Agreement for the Malpica copper-gold-molybdenum Project, in Sinaloa State, Mexico with Industrial Minera México SA de CV ("IMMSA"), a division of Grupo México SA de CV, by completion of a 12 month due diligence program and the issuance of a $ 1 million (US) option payment. The Agreement provides for Skeena Mexico to earn a 100% interest in Malpica in return for a series of cash payments over the next 3 years. The due diligence investigation over the past year, budgeted at $1.5 million US, consisted of 125 line kilometers of survey grid emplacement, detailed mapping and prospecting, approximately 5,500 soil geochemical samples, a helicopter-borne magnetic and electromagnetic survey, and a 5,000 metre Diamond drill program (currently on hole 20 out of a planned 30). Analytical results from the first 10 drill holes were reported in a news release dated April 14, 2008.

The Company is awaiting final interpretation of the airborne geophysical data from Malpica and the Company's nearby Tropico copper-platinum-palladium-gold project which was flown at the same time. Both the Malpica and Tropico Projects are exceptionally well situated with respect to infrastructure, being located 30 km east and 20 km north, respectively, of the deep-water port of Mazatlan in Sinaloa State, Mexico. Both properties are crossed by paved highways, by major power lines and both are situated proximal to a regional rail line. For details pertaining to the Tropico Project, the reader is referred to a news release dated February 15, 2008, and to the Company's website at www.skeenaresources.com

In an unrelated matter, the Company has invoked force majeure in its option agreement with Compañia AgroIndustrial El Corazon SA in respect of the El Corazon gold project in northwest Ecuador. The Company's Ecuadorean legal counsel has advised that the mineral concessions are judged to be in good standing and that the Company is current with its option payments and work commitments. However, payments and obligations due at the end of 2008 will now be indefinitely postponed, pending an assessment of the recently imposed mining mandate by the Constituent Assembly of the Ecuador Government. The El Corazon Project has been on care and maintenance during the past year as the Company has focused all of its efforts and resources on advanced projects in Mexico.

ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED

"Rupert Allan"

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


Cautionary Statement on Forward-Looking Information.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Copyright © 2008 SKEENA RESOURCES LTD. (SKE) All rights reserved. For more information visit our website at http://www.skeenaresources.com/ or send email to info@skeenaresources.com ..

Data and Statistics for these countries : Ecuador | Mexico | All
Gold and Silver Prices for these countries : Ecuador | Mexico | All

Skeena Resources Ltd

EXPLORATION STAGE
CODE : SKE.V
ISIN : CA83056P3016
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Skeena Resources is a gold and copper exploration company based in Canada.

Skeena Resources holds various exploration projects in Mexico.

Its main exploration properties are ANGLO-ROUYN TAILINGS RECOVERY PROJECT and BLACKHORN in Canada, EL CORAZON - MAGDALENA in Ecuador and MALPICA and TROPICO in Mexico.

Skeena Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.4 billions as of today (US$ 1.1 billions, € 897.7 millions).

Its stock quote reached its lowest recent point on November 14, 2008 at CA$ 0.01, and its highest recent level on August 07, 2020 at CA$ 3.12.

Skeena Resources has 535 880 000 shares outstanding.

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Annual reports of Skeena Resources Ltd
2008 annual report
Financings of Skeena Resources Ltd
12/16/2015Delays Close of 2nd Tranche Financing
12/29/2014Closes Flow-Through Financing
6/23/2014Proposes To Raise $2.5 Million in Private Placement Financin...
1/16/2009Proposes $1 Million Private Placement Financing
6/4/2008Revises Proposed $3 Million Private Placement Financing
4/16/2008Proposes $3 Million Private Placement Financing
6/27/2007Raises $3 Million in Private Placement Financing
5/29/2007Proposes $3.2 Million Private Placement Financing
5/25/2007Completes Flow Through Financing
5/16/2007Proposes Flow-Through Financing
Nominations of Skeena Resources Ltd
2/7/2014Announces Adoption of Advance Notice Policy for Election of...
6/27/2008Appoints VP of Corporate Development
Project news of Skeena Resources Ltd
1/30/2013(Tropico)Announces Favourable Metallurgical Results for Tropico Cu-PG...
6/29/2012(Tropico)Arranges Loan for Tropico Project Cu-PGM Metallurgical Inves...
9/26/2011(Tropico)Reports Final Batch Copper & PGM Assays from Tropico Drillin...
6/29/2011(Tropico)Reports 3rd Batch Copper & PGM Assays from Tropico Drilling,...
6/13/2011(Tropico)Reports 2nd Batch Copper & PGM Assays from Tropico Drilling,...
5/30/2011(Tropico)Reports Copper & PGM Assays From Tropico Drilling, Mexico
5/11/2011(Tropico)Provides Update on Current Tropico Drilling, First Batch of ...
3/1/2011(Tropico)To Commence 5,000 Metre Drill Program at Tropico Project, Me...
12/3/2009(Malpica)Robust Preliminary Assessment Results for Malpica Copper-Gol...
7/29/2009Arranges Loan For Completion of Scoping Study
2/17/2009(Anglo-rouyn Tailings Recovery Project)acquires Anglo-Rouyn Tailings Recovery Project, Saskatchewan
1/14/2009(Malpica)Re-negotiates Acquisition Terms of Malpica Project, Mexico
5/9/2008(Tropico)Acquires More Land at Tropico Project, Mexico
4/24/2008(Malpica) Commits to Malpica Project, Mexico with $1 Million Option P...
4/14/2008(Malpica)Malpica Project Cu-Au-Mo drill results; Mazatlan, Mexico
1/17/2008(Malpica) Commences Drilling at Malpica Copper-Gold Project, Mexico
11/5/2007(Blackhorn)reports high-grade gold prospecting results from Blackhorn P...
9/26/2007(Malpica) Provides Exploration Update and Grants Options
Corporate news of Skeena Resources Ltd
7/27/2016Skeena Receives Drill Permits for Snip
7/25/2016Skeena Grants Incentive Stock Options
7/22/2016Skeena Closes Third and Final Tranche of Financing
6/29/2016Skeena to Acquire Sona Resources
6/23/2016Skeena Appoints New CFO and Grants Stock Options
6/20/2016Skeena Expands Drill Plans at Snip & Announces Positive Prel...
6/9/2016Skeena Announces Private Placement
5/18/2016Skeena Graduates to TSX Venture Exchange Tier 1
5/17/2016Skeena Announces 2016 Drill Plans for Snip
5/9/2016Skeena Announces 2016 Spectrum Exploration Plans
1/14/2016Skeena Releases Updated 43-101 Resource Estimate for the GJ ...
12/16/2015Skeena Delays Close of 2nd Tranche Financing
11/4/2015Skeena Acquires GJ Copper-Gold Project
10/26/2015Skeena Intersects 14 metres grading 7.82 g/t Au
10/26/2015Skeena Intersects 14 m grading 7.82 g/t Au
10/24/2015Sandstorm Gold Provides Asset Updates
10/23/2015Sandstorm Gold Provides Asset Updates
10/13/2015Skeena Announces $6 Million Financing
10/9/2015Skeena Intersects 11.4 m grading 16.73 g/t Au
10/8/2015Skeena Intersects 11.4 m Grading 16.73 g/t Au
10/6/2015Skeena Acquires GJ Copper-Gold Project
9/8/2015Skeena Drilling Intersects 2.0 m grading 74.5 g/t Au and 2.9...
8/31/2015Skeena Confirms Proposals to Dolly Varden Silver
8/20/2015Skeena Releases Initial Drill Results
7/20/2015Skeena Update on Flotation Studies and Drilling at Spectrum ...
7/9/2015Drilling Underway at Spectrum
1/14/2015Skeena Intersects 2 Metres of 254.50 g/t Gold (7.43 oz/ton) ...
12/11/2014Skeena Reports Drill Assays from Spectrum Including 10.63 g/...
10/29/2014Skeena Completes Drill Program at Spectrum Gold Property, No...
5/26/2014IIROC Trading Resumption - SKE
4/28/2014Skeena Acquires High-Grade Spectrum Gold Property, Northwest...
4/9/2014IIROC Trading Halt - SKE
12/18/2013Announces Board Re-Organization
5/31/2012Announces Share Consolidation
7/27/2010New Board Member
6/22/2010Acquires a Copper Porphyry Prospect in Yukon
1/12/2010Retains Wani Capital for Investor Relations
5/14/2009Grants Incentive Options To Directors, Employees & Consultan...
2/6/2009Amends Warrant Exercise Price
2/5/2009Acquires Gold Project in North-Central British Columbia
2/19/2008 Acquires Copper-Platinum-Palladium-Gold Tropico Project in ...
11/15/2007Contracts Airborne Survey over Malpica Copper-Gold Project, ...
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