Seabridge Gold (SEA) Investor presentation summary

Strategic growth and resource expansion

• Achieved over 1,075% growth in gold resources since 2003, outpacing a 286% increase in shares outstanding.

• Holds leading gold and copper reserves and resources per share among North American peers.

• Demonstrated superior stock performance in rising gold markets, with nearly 20,000% return since 1999.

• Maintains a disciplined approach to share dilution, focusing on maximizing ounces per share.

KSM project highlights

• KSM is the world’s largest gold resource and third largest copper development resource, with 89M oz gold (M&I) and 71M oz inferred.

• 2022 PFS outlines a 33-year mine life, averaging over 1M oz gold and 178M lbs copper annually, with robust economics at both base and spot prices.

• Over $500M invested in early works, securing key permits and a “Substantially Started” designation in July 2024.

• Extensive infrastructure in place, including power, roads, bridges, and fish habitat, with strong First Nations partnerships.

• Actively advancing JV discussions with major mining companies, with significant due diligence completed.

Additional project portfolio

• Courageous Lake: 11M oz M&I gold, 2024 PFS shows 201k oz/year over 12.6 years, with plans to spin out to shareholders in 2026.

• Iskut: Expanded Bronson Slope resource to 5.4M oz gold and 1B lbs copper; new Snip North discovery with maiden resource expected Q1 2026.

• 3 Aces: District-scale Yukon project with high-grade gold zones; ongoing exploration and resource delineation.

• Snowstorm: Early-stage Nevada project with major discovery potential, located near significant producing mines.