Disclaimer & Legal

Disclaimer & Legal

Seabridge Gold Inc. has taken reasonable care in producing and publishing information contained on this website, and will endeavor to do so regularly. Material on this site may still contain technical or other inaccuracies, omissions, or typographical errors, for which Seabridge Gold assumes no responsibility.

Seabridge Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements, maps, diagrams, illustrations or information on this site. Seabridge Gold makes no warranty that all or any of such information is suitable for use for any particular purpose.

Under no circumstances, including, but not limited to, negligence, shall Seabridge Gold Inc. be liable for any direct, indirect, special, incidental, consequential, or other damages, including, but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site.

The information is not a substitute for independent professional advice before making any investment decisions and independent professional advice is recommended. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any of the information contained in this site, except for your own personal use unless you have obtained our express permission. Seabridge Gold makes no representations about information available on any other site that you may access through this site.

When you access anon-Seabridge site from this website, you are accessing an independent site over which Seabridge has no control and takes no responsibility, and you do so at your sole risk.

Seabridge respects the privacy of the individual and is committed to maintaining the confidentiality of information provided through its website. Company announcements may be sent through the news wire provider under a private use agreement.

CAUTIONARY NOTE REGARDING FORWARD-LOOKINGSTATEMENTS

This website and the documents posted on this website contain 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 concerning future events or future performance with respect to Seabridge’s projects, business approach and plans, including production, capital, operating and cash flow estimates; business transactions such as the potential sale or joint venture of Seabridge’s KSM Project (as hereinafter defined) and Courageous Lake Project (as here in after defined) and the acquisition of interests in mineral properties; requirements for additional capital; the timing of completion and success of exploration and advancement activities, community relations, required regulatory and third party consents, permitting and related programs in relation to the KSM Project, Courageous Lake Project, Iskut project in British Columbia, or Snowstorm project in Nevada; the price of gold and the strength of gold markets internationally; the estimated amount and grade of mineral reserves and mineral resources and the potential to upgrade inferred resources to higher resource categories; estimates of the capital costs of constructing mine facilities and bringing a mine into production, of sustaining capital and the duration of financing payback periods; the estimated amount of future production, both ore processed and metal recovered; and estimates of operating costs, life of mine costs, net cash flow, net present value (NPV) and economic returns from an operating mine.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements and forward-looking information (collectively referred to in the following information simply as “forward-looking statements”). In addition, statements concerning mineral reserve and mineral resource estimates constitute forward-looking statements to the extent that they involve estimates of the mineralization expected to be encountered if a mineral property is developed and the economics of developing a property and producing minerals.

Forward-looking statements are necessarily based one estimates and assumptions made by Seabridge in light of its experience and perception of historical trends, current conditions and expected future developments. In making the forward-looking statements on this website and in the documents posted on this website, Seabridge has applied several material assumptions including, but not limited to, the assumption that: market fundamentals will result in sustained demand and prices for gold and copper, and to a much lesser degree, silver and molybdenum; the potential for production at Seabridge’s mineral projects will continue operationally, legally and economically; any additional financing needed will be available on reasonable terms; estimated reserves and resources at Seabridge’s projects have merit and there is continuity of mineralization as reflected in such estimates; the presence of and continuity of metals at Seabridge’s projects at estimated grades; the geotechnical and metallurgical characteristics of rock conforming to sampled results; including the quantities of water and the quality of the water that must be diverted or treated during mining operations; the capacities and durability of various machinery and equipment; the availability of personnel, machinery and equipment at estimated prices and within the estimated delivery times; currency exchange rates; appropriate discount rates applied to the cash flows in economic analyses; tax rates and royalty rates applicable to proposed mining operations; the availability of acceptable financing under assumed structure and costs; anticipated mining losses and dilution; metallurgical performance; reasonable contingency requirements; success in realizing proposed operations; receipt of permits and other regulatory approvals on acceptable terms; and the successful conclusion of consultation with impacted Treaty and First Nations groups

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking statements, including, without limitation: Seabridge’s history of net losses and negative cash flows from operations and expectation of future losses and negative cash flows from operations; risks related to Seabridge’s ability to continue its exploration activities and future advancement activities, and to continue to maintain corporate office support of these activities, which are dependent on Seabridge’s ability to enter into joint ventures, to sell property interests or to obtain suitable financing; risks related to fluctuations in the market price of gold, copper and other metals; risks related to fluctuations in foreign exchange rates; increases in financing costs or adverse changes to the terms of available financing, if any; tax rates or royalties being greater than assumed; risks related to commercially producing precious metals from Seabridge’s mineral properties; uncertainty in estimates of capital costs, operating costs, production and economic returns; changes in development or mining plans due to changes in logistical, technical or other factors; uncertainty of whether the reserves estimated on Seabridge’s mineral properties will be brought into production; uncertainties relating to the assumptions underlying Seabridge’s reserve and resource estimates; risks relating to variations in the mineral content within the material identified as mineral reserves or mineral resources from that predicted; variations in rates of recovery and extraction; the geotechnical characteristics of the rock mined or through which infrastructure is built differing from that predicted, the quantity of water that will need to be diverted or treated during mining operations being different from what is expected to be encountered during mining operations or post closure, or the rate of flow of the water being different; mining, exploration and development risks that could result in damage to mineral properties, plant and equipment, personal injury, environmental damage and delays in mining, which may be uninsurable or not insurable in adequate amounts; risks related to obtaining all necessary permits and governmental approvals, or extensions/renewals thereof, for exploration and development activities, including in respect of environmental regulation; changes in regulations applying to the development, operation, and closure of mining operations from what currently exists; uncertainty related to title to Seabridge’s mineral properties and rights of access over or through lands subject to third party rights, interests and mineral tenures; risks related to unsettled First Nations rights and title and settled Treaty Nations’ rights and uncertainties relating to the application of the United Nations Declaration on the Rights of Indigenous Peoples to the laws in Canadian jurisdictions; risks related to increases in demand for exploration and development services equipment, and related cost increases; difficulties attracting the necessary work force; the effects of competition in the markets in which Seabridge operates; Seabridge’s need to attract and retain qualified management and personnel; risks related to some of Seabridge’s directors’ and officers’ involvement with other natural resource companies; risks associated with impacts from the reaction to and measures taken to address the spread of the COVID-19 virus; Seabridge’s classification as a "passive foreign investment company" under the United States tax code; risks associated with the use of information technology systems and cybersecurity; uncertainty surrounding an audit by the Canada Revenue Agency (“CRA”) of Canadian exploration expenses incurred by Seabridge during the 2014, 2015 and 2016financial years which Seabridge has renounced to subscribers of flow-through share offerings and the CRA’s decision to reduce such renunciations to such subscribers; the reassessment by the CRA of Seabridge's refund claim for the2010 and 2011 financial years in respect of the British Columbia Mining Exploration Tax Credit; operational and infrastructure risks and the additional risks described in Seabridge's Annual Information Form filed with SEDAR in Canada(available at www.sedar.com) and in Seabridge’s Annual Report Form 40-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of factors that may affect future results is not exhaustive.  

SCIENTIFIC AND TECHNICAL DISCLOSURE

William E. Threlkeld, Senior Vice President, Exploration of Seabridge has approved the scientific and technical information contained on this website. Mr. Threlkeld is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

The Company’s material mineral projects are the KSM project (for Kerr-Sulphurets-Mitchell) located in Northern British Columbia, Canada (the “KSM Project”)and the Courageous Lake project located in Northwest Territories, Canada (the “Courageous Lake Project”).

Scientific and technical information relating to the Company’s KSM Project is derived from the technical report in respect of the KSM project entitled “KSM (Kerr-Sulphurets-Mitchell)Prefeasibility Study Update, NI 43-101 Technical Report” dated November 9, 2020but with an effective date of April 30, 2020 (the “KSM Report”), and available for review under the Company’s SEDAR profile at www.sedar.com.

Scientific and technical information relating to the Courageous Lake Project is derived from the technical report in respect of the Courageous Lake project entitled “Seabridge Gold Inc. – Courageous Lake Prefeasibility Study” with an effective date of September 5, 2012, as revised and reissued on November 11, 2014 (the “Courageous Lake Report”), and available for review under the Company’s SEDAR profile at www.sedar.com.

Site users are advised that under NI 43-101, Canadian securities law requires that each category of Mineral Reserves and Mineral Resources be reported separately. Users should consult the Company’s public filings, including the KSM Report and the Courageous Lake Report, in order to obtain this information in detail. These documents are available under the Company’s SEDAR at www.sedar.com.

CAUTIONARY NOTE TO UNITED STATESINVESTORS

The Company is permitted under a multi-jurisdictional disclosure system adopted by the securities regulatory authorities in Canada and the United States (the “MJDS”) to prepare this website and the documents posted on this website in accordance with the requirements of Canadian securities laws, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates on this website and in the documents posted on this website have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”),including those set out in SEC Industry Guide 7 under the United States Securities Exchange Act of 1934, as interpreted by the staff of the SEC, and resource information contained on this website and in the documents posted on this website may not be comparable to similar information disclosed by U.S. companies.

The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC. These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) and, following a two-year transition period, the SEC Modernization Rules will replace the historical property disclosure requirements for mining registrants that are included in SEC Industry Guide 7.Following the transition period, as a foreign private issuer that files its annual report on Form 40-F with the SEC pursuant to the MJDS, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the Canadian Institute of Mining (“CIM”)standards. If the Company ceases to be a foreign private issuer or loses its eligibility to file its annual report on Form 40-F pursuant to the MJDS, then the Company will be subject to the SEC Modernization Rules which differ from the requirements of NI 43-101 and the CIM standards. Without limiting the foregoing, this website uses the terms "measured", "indicated" and "inferred" resources. U.S. investors are cautioned that, while such terms are recognized and required by Canadian securities laws, the SEC does not recognize them. Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. U.S. investors are cautioned not to assume that all or any part of measured or indicated resources will ever be converted into reserves. U.S. investors should also understand that "inferred resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of the "inferred resources" exist, are economically or legally mineable or will ever be upgraded to a higher category. Therefore, U.S. investors are also cautioned not to assume that all or any part of the inferred resources exist, or that they can be mined legally or economically. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian regulations. However, the SEC normally only permits issuers to report "resources" as in place tonnage and grade without reference to unit measures. Accordingly, information concerning descriptions of mineralization and resources contained on this website and in the documents posted on this website may not be comparable to information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.

On this website and in the documents posted on this website, the terms “mineral resource”, “inferred mineral resource”, “indicated mineral resource”, “measured mineral resource”, “mineral reserve”, “probable mineral reserve” and “proven mineral reserve” have the meanings ascribed to those terms by the Canadian Institute of Mining, Metallurgy and Petroleum, as the CIM Definition Standards on Mineral Resources and Mineral Reserves adopted by CIM Council, as amended.