2011 Drill Program Underway at Seabridge Gold's KSM Project

Toronto, Canada. Seabridge Gold announced today that a $5.1 million exploration program is now underway at its 100% owned KSM project targeting higher grade material favorably located for early production, which could enhance the project's already robust economics.

The program is designed to upgrade approximately three million ounces of higher grade inferred gold resources at the Sulphurets and Kerr zones to proven and probable reserves. These resources are currently classified as waste in the 2011 Preliminary Feasibility Study. Drilling will also test the down-dip extension of the higher grade breccia zone at Mitchell. This material could potentially be exploited cost-effectively in an underground panel caving operation which is now under study. Panel caving deeper portions of the Mitchell deposit could improve production grades and substantially reduce stripping ratios and waste rock storage.

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