MARCH 2026 A 20+ year track record of growing ounces of gold in the ground faster than shares outstanding Forward Looking Statements All reserve and resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have de ...

Toronto, Ontario--(Newsfile Corp. - March 19, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that Tudor Gold Corp. ("Tudor") has filed a Notice of Abandonment of Appeal with the Supreme Court of British Columbia, thereby abandoning its appeal of the Chief Gold Commissioner's (CGC) decision relating to her authority to hear an application challenging KSM's Mitchell Treaty Tunnels (MTT). The CGC's decision, issued on May 28, 2025, declined jurisdiction over a ...

Core Viewpoint - Seabridge Gold has established 10 corporate objectives for 2026, which will influence management compensation and employee bonuses based on their achievement [1][4]. Group 1: Corporate Objectives - The company has set 10 specific objectives for 2026, which are considered forward-looking statements regarding its operational goals [4]. - The achievement of these objectives is tied to the performance evaluation of senior management and the bonus structure for employees [1]. Group 2: Company Overview - Seabridge Gold holds a 100% interest in several gold projects across North America, including the KSM and Iskut projects in British Columbia, Courageous Lake in the Northwest Territories, Snowstorm in Nevada, and 3 Aces in Yukon [3]. - The company emphasizes its commitment to transparency by publishing annual objectives and results, referred to as its "report card" [1].

Core Insights - Seabridge Gold Inc. has announced positive results from the first systematic metallurgical test program on its Snip North deposit, part of the Iskut Gold-Copper Project in British Columbia's Golden Triangle [1][3] Group 1: Metallurgical Testing Results - The metallurgical tests confirmed that the mineralization at Snip North responds well to conventional flotation, similar to the KSM Project [1] - Drill-core samples from the 2025 exploration season showed that Snip North metallurgy shares significant similarities with the Mitchell deposit, producing high-quality copper-gold-molybdenum concentrates [2] - Final concentrate grades achieved were up to 28% copper and 525 g/t gold from head grades of 0.04% to 0.26% copper and 0.4 g/t to 1.21 g/t gold [2] Group 2: Recovery and Processing Insights - Supplementary cyanide leaching on pyritic concentrates increased overall gold recoveries to between 85.3% and 92.7% [3] - Initial bond work index tests indicated that the mineralization is relatively soft, making it suitable for standard grinding circuits [3] Group 3: Company Overview - Seabridge Gold Inc. focuses on acquiring and exploring gold properties in North America, targeting deposits of gold, copper, silver, and molybdenum [4]

Company Leadership Changes - Seabridge Gold announced the retirement of Chief Financial Officer Chris Reynolds effective March 31, 2026, after 15 years of service [1][2] - Chris Reynolds played a significant role in the company's financial reporting, team building, cybersecurity, risk management, and securing funding for key projects [2] - Greg Martin has been appointed as the new Chief Financial Officer, effective March 31, 2026, bringing extensive experience in corporate finance and mining industry acquisitions [3][4] Transition and Promotions - Greg Martin will join Seabridge on March 2, 2026, to ensure a smooth transition with Chris Reynolds [3] - Hassan Esmaeili has been promoted to Vice President, Finance, bringing over 20 years of experience in financial reporting and auditing [4] Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, with its principal asset being the KSM project located in Northwest British Columbia [5]

Core Insights - Seabridge Gold Inc. is recognized as one of the 11 best gold stocks to buy for 2026 [1] - The company released a comprehensive year-end report for 2025 detailing operational and exploration advancements [2] - Analyst Nick Giles from B. Riley raised the price target for Seabridge Gold from $50 to $65, maintaining a Buy rating [3] Group 1: Operational and Exploration Developments - Seabridge completed advanced power infrastructure and conducted 8,500 meters of geotechnical drilling over 117 holes at the KSM project, preparing for a feasibility assessment [2] - The company is in discussions for collaboration and anticipates improvements in 2026 [2] - Exploration at the Iskut Project identified a porphyry system, with a resource estimate expected in early 2026 [2] Group 2: Financial and Market Position - The price target increase to $65 reflects ongoing joint venture discussions, advancements at the KSM project, and rising gold prices [3] - KSM is noted as the largest undeveloped gold mine globally, with significant copper resources, contributing to the valuation boost [3] Group 3: Corporate Actions - Seabridge plans to distribute shares to shareholders following the spin-out of Courageous Lake into Valor Gold, which holds 3.3 million inferred ounces and 11.0 million measured and indicated ounces of gold [2]

Group 1 - Seabridge Gold Inc. (NYSE:SA) is recognized as one of the 15 best performing silver stocks to buy [1] - A year-end update on December 18, 2025, highlighted significant developments in partnerships, projects, exploration, and permitting, including 8,500 meters of geotechnical drilling and progress towards a feasibility study [2] - The company reported a peak site employment of over 260 personnel and achieved zero reportable environmental issues during its operations [2] - Seabridge Gold announced the spin-out of its fully owned Courageous Lake project as Valor Gold, which contains 3.3 million inferred ounces of gold and 11.0 million measured and indicated ounces [3] - The company is actively exploring and developing gold properties in North America, indicating growth potential [3]

Group 1 - The importance of recognizing the end of a bull market is crucial for making profits in natural resources [2] - During a bull market, it is advised to ignore daily price fluctuations and stay invested for the long term [1][2] - A trailing stop strategy, typically set at 25%, can help investors determine when to sell and convert paper gains into actual profits [5][6] Group 2 - Seabridge Gold serves as an example of a stock that experienced significant price increases, rising over 350% twice between 2006 and 2011 [3][5] - The global financial crisis in 2008 interrupted the bull market in metals, highlighting the need for a strategy to exit positions [5] - Re-entering mining stocks in early 2009 proved profitable as many investors remained hesitant, indicating favorable market conditions for the long run [7]

Core Viewpoint - Seabridge Gold Inc. is planning to spin out its 100% interest in the Courageous Lake gold project into a new entity called Valor Gold Corp, with the intention to distribute shares to existing shareholders [1][2]. Spin-Out Structure - The spin-out will be executed through a court-approved plan of arrangement under the Canada Business Corporations Act, with a shareholder meeting expected in June 2026 to approve the plan [2]. - Valor Gold will seek listings on the Toronto Stock Exchange and the OTCQB Venture Market, with potential plans for a NYSE listing in the future [3]. Financial Aspects - Valor Gold will have C$10 million in cash at the time of the spin-out to fund work programs and corporate general and administrative expenses [4]. Leadership - Mark J. Ashley has been appointed as the CEO and director of Valor, bringing over 40 years of experience in the mining industry and a proven track record in project development and operational execution [5][6]. Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [6]. - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open-pit gold projects in Canada [6]. Exploration Potential - Post-spin-out, Valor Gold plans to initiate a targeted drill program to explore for satellite deposits similar to Walsh Lake, which could enhance project economics [7].

Core Viewpoint - Seabridge Gold Inc. (NYSE:SA) is highlighted as one of the top multibagger stocks to consider for investment heading into 2026, driven by strong one-year returns and significant upside potential [1] Group 1: Analyst Ratings and Price Targets - Analysts maintain a bullish outlook on Seabridge Gold, with a consensus rating of Buy from all analysts covering the stock, indicating strong market confidence [2] - The consensus one-year median price target for Seabridge Gold is $52.1, suggesting an approximate 80% potential upside from current levels [2] Group 2: Project Developments - Analyst Nick Giles from B. Riley has raised his price target for Seabridge Gold from $50 to $65, citing sustained strength in gold prices and progress on the Kerr-Sulphurets-Mitchell (KSM) project as key factors [3] - The KSM project is recognized as the world's largest undeveloped gold project, featuring substantial copper resources and an approved mine life exceeding 50 years [4] Group 3: Company Overview - Seabridge Gold Inc. focuses on the acquisition and exploration of gold properties in North America, with its principal assets being the KSM project and Iskut projects located in Northwest British Columbia [4]