Seabridge Gold Announces Renewed At-The-Market Offering With Investing.com

Toronto, Ontario–(Newsfile Corp. – January 24, 2025) – Seabridge Gold Inc . (TSX: TSX:) (NYSE: SA) (the “Company“or”Seabridge“) announced today that it has entered into a Restricted Equity Offering^SM Sale Agreement dated January 24, 2025 (“Sales Agreement“) and Cantor Fitzgerald & Co. (the “Chief representative“) and RBC Capital Markets, LLC. (together with the Lead Agent, “Agents“). Pursuant to the Sale Agreement, the Company shall be entitled, at its option and from time to time during the Sale Agreement, to sell, through the Principal Agent, such number of common shares of the Company (of “Common Shares“) that could result in gross profits for the Company of up to US$100 million (“An offering“or”Center A™“). Sales of Common Shares, if any, will be made on a “market distribution”, as defined in National Instrument 44-102 – Shelf Distributions, directly on the New York Stock Exchange (“NYSE“) or on any existing trading market in the United States. No offer or sale of Common Shares will be made in Canada through the facilities of the Toronto Stock Exchange or other trading markets.

The program may run until Seabridge’s current US$750 million Shelf Registration Statement expires in February 2027. Proceeds from the A™ Facility, if available, may be used to continue non-performing loans through to evaluate and promote the Company’s projects, which may exist. future, and for working capital and general business purposes.

Seabridge Chairman and CEO Rudi Fronk noted that the Company has had the same A™ equipment for many years. “This agreement replaces the previous agreement that expired. We have found that our A™ programs in the past have given us a great opportunity to raise funds efficiently, when needed. Distribution of any share under A™ is fully disclosed in our financial statements.”

The offering will be made by supplement to the prospectus dated 24 January 2025 (“Prospectus Supplement“) in the Company’s existing shelf base prospectus and US registration statement on Form F-10 dated January 17, 2025 (collectively “Delivery of Documents“). The Prospectus Supplement will be filed with the Canadian Securities Commissions and the US Securities and Exchange Commission (the “SEC“). The Offering Documents will contain important detailed information about the securities being offered. Before investing, you should read the Offering Documents, and the documents attached to them for complete information about the Company and Disclosure. Copies of the Sale Agreement and the Disclosure Documents will be available free of charge by visiting the Company’s listing on SEDAR+ maintained by the Canadian Securities Administrators at https://www.sedarplus.ca The SEC’s website at www.sec.gov, how it works.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any place where such offer, solicitation or sale will be made. Unlawful possession prior to registration or qualification under the security laws of any such jurisdiction.

About Seabridge Gold (NYSE:)

Seabridge has a 100% interest in several North American gold projects. Seabridge’s main asset, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada’s “Golden Triangle”, the Courageous Lake project is located in the Northwest Territories of Canada, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project are placed in the Yukon Territory. For a complete overview of Seabridge Minerals Funds and Mineral Resources by category please visit the Company’s website at http://www.seabridgegold.com.

Neither the Toronto Stock Exchange, the New York Stock Exchange, nor their Securities Service Providers accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of Canadian securities laws (together, “forward-looking statements “). Such forward-looking statements include, but are not limited to, statements regarding the anticipated offering of Common Shares under the A™ Facility, the proceeds from the sale under the A™ Facility, the anticipated use of the proceeds from the sale such is the Company’s financial options. . Forward-looking statements are statements that are not historical facts and are generally, but not always, characterized by words such as the following: expect, plans, target, expect, believe, plan, estimates, plans, to think, possible and similar statements, and being estimates, estimates of resources and reserves are also forward-looking statements. Forward-looking statements also include references to events or conditions that will, may, may or should occur, including with respect to the use of proceeds from the offering. These forward-looking statements are essentially based on a number of assumptions and assumptions that, although considered reasonable at the time they are made, are inherently subject to various risks and uncertainties as to the events or results of reality is different from what is shown. forward-looking statements, including, without limitation: uncertainties related to raising sufficient funds to support the proposed project on a timely and acceptable basis; changes in the planned work due to equipment, technical or other factors; the possibility that operating results may not meet expectations/expectations and realize the perceived potential of the Company’s plans; uncertainties involved in the interpretation of the results of drilling and other tests and the estimation of gold reserves and reserves; the risk of accidents, equipment breakdowns and labor disputes or other unforeseen problems or disruptions; the possibility of environmental issues in the Company’s projects; the possibility of cost increases or unexpected costs in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties, including those described in the Company’s Annual Information Form dated December 31, 2023 filed on SEDAR in Canada (available at www.sedarplus .ca) and the Company’s Form 40-F Annual Report to the SEC on EDGAR (available at www.sec.gov/edgar.shtml).

REASON THE BOARD
“Rudy Fronk”
Chairman and CEO

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