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Seabridge Gold Inc.
TSX: SEA
AMEX: SA
Other Recent News

October 9, 2008
Seabridge Gold Agrees to Sell Noche Buena to Fresnillo/Newmont Joint Venture

Proceeds to Fund Feasibility Work on KSM and Courageous Lake Projects

TORONTO, CANADA--(Marketwire - Oct. 9, 2008) - Seabridge Gold (TSX:SEA)(AMEX:SA) announced today that it has signed a letter of intent to sell its 100% owned Noche Buena project in Sonora, Mexico to Minera Penmont, S. de R.L. de C.V., a joint venture between Fresnillo plc. and Newmont USA Limited, a wholly owned subsidiary of Newmont Mining Corporation. Terms of the sale are US$25 million in cash at closing, a further US$5 million upon commencement of commercial production from Noche Buena and a 1.5% net smelter royalty payable on all production sold for US$800 per ounce of gold or greater. The transaction is subject to completion of definitive closing documentation and normal closing conditions, which are expected to be completed within the next two months.

Seabridge President and CEO Rudi Fronk said that the cash proceeds will enable the company to advance its core projects - KSM and Courageous Lake - towards feasibility without share dilution. "We will be looking to make other sales of non-core assets in the months ahead," he said.

J.P. Morgan Securities Inc. acted as financial advisor to Seabridge in connection with the transaction.

Seabridge holds a 100% interest in several North American gold resource projects. The Corporation's principal assets are the KSM property in British Columbia, one of the world's largest undeveloped gold/copper projects, and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of the Corporation's mineral resources by project and resource category please visit the Corporation's website at http://www.seabridgegold.net/resources.php.

All resource estimates reported by the Corporation 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 demonstrated economic viability.

Statements relating to the estimated or expected future production and operating results and costs and financial condition of Seabridge, planned work at the Corporation's projects and the expected results of such work are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur. Information concerning exploration results and mineral reserve and resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfill projections/expectations and realize the perceived potential of the Corporation's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold reserves and resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Corporation's projects; the possibility of cost overruns or unanticipated expenses 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 Corporation's Annual Information Form filed with SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2007 and in the Corporation's Annual Report Form 20-F filed with the U.S. Securities and Exchange Commission on EDGAR (available at www.sec.gov/edgar.shtml).

Forward-looking statements are based on the beliefs, estimates and opinions of the Corporation's management or its independent professional consultants on the date the statements are made.

ON BEHALF OF THE BOARD

Rudi Fronk, President & C.E.O.

For Seabridge Gold investor relations needs, investors can visit the Seabridge Gold IR Hub at http://www.agoracom.com/ir/seabridge where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to sea@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

CONTACT INFORMATION:

Seabridge Gold
Rudi P. Fronk
President and C.E.O.
(416) 367-9292
Fax: (416) 367-2711
Email: info@seabridgegold.net
Website: www.seabridgegold.net

INDUSTRY: Manufacturing and Production - Mining and Metals

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Seabridge Gold Inc.

DEVELOPMENT STAGE
CODE : SA
ISIN : CA8119161054
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Corporate Presentations of Seabridge Gold Inc.
7/31/2009Singular Research initiates coverage of Seabridge Gold
7/7/2009Seabridge Continues to Successfully Monetize its Non-Core As...
6/16/2009Two Long-Term Pit Scenarios Emerge for Seabridge’s KSM Proje...
3/12/2009Expands World-Class Mitchell Deposit at its KSM Project
2/3/2009Hunting the Big Game: Emerging Miners with Big Project Value...
4/29/2008Seabridge Gold to move KSM project towards feasibility
3/27/2008Seabridge Gold rating strong buy in update;
1/30/2008Seabridge Increases Resource Estimate at Noche Buena;
1/11/2008Seabridge Increases Resource Estimate at Kerr-Sulphurets
In the News and Medias of Seabridge Gold Inc.
12/13/2012Seabridge Gold upping exploration for higher grades at KSM
3/14/2012Seabridge Gold mammoth hunting at Courageous Lake
3/23/2011Seabridge Gold Options Grassy Mountain Project To Calico Res...
1/27/2011Seabridge's Courageous Lake may hold nearly 7m gold ounces
4/8/2010Seabridge: Taking It To The Shorts
1/25/2010Seabridge Gold CEO: Take Us Out
9/15/2009Seabridge Gold, Inc. in Singular Research Annual “Best of th...
3/12/2009Seabridge's Growth at Mitchell Deposit Provides Promising Op...
11/13/2008Follow up N° 6
Annual reports of Seabridge Gold Inc.
Annual Report Available for Seabridge Gold
2009 Annual Report
2008 Annual Report
2007 Annual Report
2006 Annual Report
2003 Annual Report
Financings of Seabridge Gold Inc.
6/30/2011Royal Gold and Seabridge Close Private Placement/Royalty Par...
6/22/2011Golden Predator and Seabridge Gold Agree to Contribute Selec...
6/17/2011Royal Gold and Seabridge Agree to PrivatePlacement/Royalty P...
Nominations of Seabridge Gold Inc.
1/5/2012Appoints Vice President, Corporate Affairs
4/5/2011Announces Transition in Chief Financial Officer Position
2/14/2011Seabridge Hires hired Jay S. Layman Executive Vice President...
12/6/2010Appointments of R. Brent Murphy as VP, Environmental Affairs...
4/29/2009Seabridge Gold Showcased at AGORACOM Bay Street Event for Fu...
Financials of Seabridge Gold Inc.
5/16/2012Publishes 2011 Annual Reportand Files First Quarter 2012 Fin...
8/16/2011Files Second Quarter 2011 Financial Statements and MD&A
4/1/2011Files Year End Audited Financial Statements and MD&A
11/12/2010Files Third Quarter 2010 Financial Statements and MD&A
8/9/2010Files Second Quarter 2010 Financial Statements and MD&A
5/15/2010 Files First Quarter 2010 Financial Statements and MD&A
11/12/2009Files Third Quarter 2009 Financial Statements and MD&A
8/13/2009Files Second Quarter 2009 Financial Statements and MD&A
4/6/2009Precious Metal Developers Outperform Gold-Silver in First Qu...
11/13/2008Files Third Quarter Financial Statements and MD&A
8/14/2008Files Second Quarter Financial Statements and MD&A
5/9/2008Files First Quarter Financial Statements and MD&A
Project news of Seabridge Gold Inc.
3/14/2012(Courageous Lake)Commences 2012 Exploration Program at Courageous Lake
2/8/2012(Kerr (ksm))2011 Drilling Upgrades and Grows Resources at Seabridge Gold...
1/4/2012(Kerr (ksm))Drilling at Seabridge Gold's Kerr DepositYields Significant ...
12/1/2011(Kerr (ksm))Revises KSM Permitting Schedule to Accommodate Improved Desi...
11/22/2011(Sulphurets)Drill Results to Upgrade Resources and Increase Reserves at ...
10/20/2011(Sulphurets)Sulphurets Deposit Continues to Grow
9/22/2011(Mitchell Zone)New Drilling Supports Partial Underground Scenario at Seabri...
9/12/2011(Courageous Lake)Drilling Confirms Likely Resource Enhancements at Seabridge ...
8/9/2011(Courageous Lake)Drilling Upgrades and Expands Gold Resources at Seabridge's ...
7/27/2011(Sulphurets)Continued Drilling Success at Seabridge Gold's Sulphurets De...
6/20/2011Files Preliminary Feasibility Study for KSM Project
6/9/2011(Kerr (ksm))2011 Drill Program Underway at Seabridge Gold's KSM Project
6/2/2011(Courageous Lake)New Preliminary Assessment Completed for Seabridge Gold's Co...
5/9/2011(Kerr (ksm))and Pretium Sign Agreements on Cooperation
5/2/2011(Kerr (ksm))Updated Preliminary Feasibility Study Completed for Seabridg...
4/18/2011(Grassy Mountain)Options Grassy Mountain Project to Calico Resources
3/30/2011(Courageous Lake)Moving Courageous Lake Towards Preliminary Feasibility
3/23/2011(Grassy Mountain)Options Grassy Mountain Project to Calico Resources
2/16/2011(Kerr (ksm))Resources Continue to Grow at Seabridge Gold's KSM Project
2/8/2011(Kerr (ksm))Reports Major New Gold/Copper Resource at KSM's Iron Cap Zon...
1/25/2011(Courageous Lake)Seabridge Improves Size, Grade and Quality of Courageous Lak...
12/9/2010(Kerr (ksm))Drilling Expands Iron Cap: Resource Estimate Expected Shortl...
11/23/2010(Courageous Lake)Drilling Success Continues at Seabridge Gold's Courageous La...
11/3/2010(Kerr (ksm))Iron Cap Emerges as 4th Major Deposit at Seabridge Gold's KS...
9/27/2010(Courageous Lake)Drills Upgrading Large Resource at Seabridge Gold's Courageo...
9/8/2010(Kerr (ksm))Drilling Expands and Upgrades KSM Project
6/16/2010(Courageous Lake)Drilling Underway at Seabridge's Courageous Lake Gold Projec...
6/9/2010(Kerr (ksm))Permitting Progresses at Seabridge Gold's KSM Project
5/27/2010(Kerr (ksm))Drilling Commences at Seabridge Gold's KSM Project
4/19/2010(Kerr (ksm))Announces 2010 Program for KSM
4/6/2010(Courageous Lake)Announces 2010 Program for Courageous Lake
3/31/2010(Kerr (ksm))Preliminary Feasibility Study Completed for Seabridge Gold's...
3/15/2010(Kerr (ksm))Independent Review Confirms Resource Estimates for Seabridge...
1/27/2010(Mitchell Zone)Files NI-43-101 Technical Report for KSM Project
12/21/2009Reports on Progress of KSM Preliminary Feasibility Study
11/23/2009(Kerr (ksm))Permitting Progresses at Seabridge Gold's KSM Project
11/3/2009(Kerr (ksm))Reports Positive Drill Results From Kerr Zone
10/27/2009(Mitchell Zone)Drill Results Move Seabridge Gold's Mitchell Resources Towar...
10/14/2009(Sulphurets)Drill Results at Seabridge Gold's Sulphurets Zone Exceed Exp...
9/10/2009(Kerr (ksm))2009 Drill Program Nearing Completion at Seabridge Gold's KS...
9/8/2009(Kerr (ksm))Completes Land Expansion at KSM Project
8/13/2009Expands Land Position at KSM Project
6/26/2009(Red Mountain)Agrees to Sell Red Mountain Project for C$12 Million
6/10/2009(Mitchell Zone)Reports Updated Open Pit Scenarios for KSM Project
3/25/2009(Kerr (ksm))Reports Updated Resources for Sulphurets and Kerr Zones
3/11/2009(Mitchell Zone)Reports Major Expansion of Mitchell Resource
1/7/2009(Sulphurets)Reports Final 2008 Drill Results From Sulphurets Zone
12/22/2008(Kerr (ksm))Reports Final 2008 Drill Results From Mitchell Zone
11/20/2008(Kerr (ksm))Higher Grade Mineralization Encountered at Mitchell
10/23/2008(Kerr (ksm))KSM Project Continues to Expand
6/4/2008(Kerr (ksm))15,000 Meter Drill Program Begins at Seabridge Gold's KSM Pr...
4/30/2008(Kerr (ksm))KSM Property Enviro/Mining Proposal Report--Stewart,B.C.
4/29/2008(Sulphurets)Project Description Report Filed for Seabridge Gold's KSM Pr...
3/25/2008(Kerr (ksm)) to Drill 15,000 Meters at KSM Project in 2008
3/10/2008(Courageous Lake)Economic Assessment Completed for Seabridge Gold's Courageou...
1/10/2008(Sulphurets) Resource Estimates for Seabridge's Kerr and Sulphurets Gold...
12/19/2007(Kerr (ksm))Mitchell Gold-Copper Deposit Continues to Expand
Corporate news of Seabridge Gold Inc.
4/4/2012to List on the New York Stock Exchange Under Symbol "SA"
3/30/2012Files Year End Audited Financial Statements and MD&A
9/30/2011Views on Gold from Seabridge
12/16/2010Sells Residual Noche Buena Project Interest for US$10=2E12 M...
10/28/2010to Sell Residual Noche Buena Project Interest for US$10=2E12...
8/19/2010Projected Economics Continue to Improve at Seabridge Gold's ...
7/26/2010Drilling Confirms Iron Cap as Major New Gold-Copper Deposit
3/27/2010Files Year End Audited Financial Statements and MD&A
3/3/2010Announces Closing of US$65.8 Million Offering
2/26/2010Announces Pricing of Offering
2/20/2010Announces Offering of Common Shares
1/11/2010Reports Updated Resource Estimate for KSM Project
12/3/2009Enters Into Letter of Intent to Sell Nevada Properties
6/5/2009(Video) BNN chats with Rudi Fronk, President and CEO of Seab...
3/27/2009Files Year End Audited Financial Statements and MD&A
12/17/2008to be Added to S&P/TSX Global Gold and Global Mining Indices
12/15/2008Completes Sale of Noche Buena to Fresnillo/Newmont JV
12/1/2008Preliminary Economic Assessment Completed forSeabridge Gold'...
11/7/2008Interview on TMX Money
10/9/2008Agrees to Sell Noche Buenato Fresnillo/Newmont Joint Venture
9/8/2008Positive Metal Recoveries Predicted for Seabridge Gold's KSM...
7/17/2008Independent Road Access Study Completed for Seabridge Gold's...
7/10/2008Announces Commencement of Trading on the TSX
6/18/2008Receives Conditional Approval for TSX Listing
3/31/2008Files Year End Audited Financial Statements and MD&A
3/31/2008Files Year End Audited Financial Statements and MD&A
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AMEX (SA)TORONTO (SEA.TO)
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