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Re: News Release - Thursday, May 24, 2007
Skeena Completes Flow Through Financing
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Skeena Resources Limited (TSX.V: SKE) announces that it has closed the
private placement financing previously reported in news releases May
16, 2007. Gross proceeds of $250,750 have been realized from the sale
of 557,222 flow-through Units. Each flow-through Unit was sold at a
price of $0.45 and consists of one flow-through share and one half of a
non flow-through share purchase warrant. Each full warrant will be
exercisable at $0.75 per share for a period of 12 months from the
Closing Date. The expiry of the warrants may be reduced, upon notice to
holders and at the election of the Company, if after the 4-month hold
period the shares trade at a price equal to or greater than $1.00 per
share for 10 consecutive trading days. If this condition is met, and
the Company so elects, the exercise period will be reduced to 25
business days from the date notice is provided by the Company to the
warrant holders.

Finder's fees of $12,938.95 were paid to accredited agents on that
portion of the funds raised by third parties. A hold period of four
months plus one day, until Sept. 26, 2007, will apply to the shares
issued under this offering. The proceeds will be used to advance the
Company's 100% owned, 5,000 hectare, polymetalic Blackhorn Property
located along the eastern margin of the Pacific Ranges of the Coast
Mountains of west-central BC, 40 km south-southwest of the settlement
of Tatla Lake.

ON BEHALF OF THE BOARD OF DIRECTORS OF
SKEENA RESOURCES LIMITED
"Rupert Allan"
J. R. Allan, P.Geol., President

Cautionary Statement on Forward-Looking Information.
The statements made in this News Release may contain certain
forward-looking statements. Actual events or results may differ from
the Company's expectations. Certain risk factors may also affect the
actual results achieved by the Company. The TSX Venture Exchange has
not reviewed and does not accept responsibility for the adequacy or
accuracy of this news release.

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Copyright (c) 2007 SKEENA RESOURCES LTD. (SKE) All rights reserved.
For more information visit our website at
http://www.skeenaresources.com/ or send mailto:info@skeenaresources.com
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