SEABRIDGE GOLD FILES SECOND QUARTER 2011 FINANCIAL STATEMENTS AND MD&A 

Seabridge Gold announced today that it has filed its Second Quarter Financial Statements and Management's Discussion and Analysis for the three and six month periods ended June 30, 2011 on SEDAR (www.sedar.com). To review these documents on the Company website, please seehttp://www.seabridgegold.net/sharefinrep.php. Highlights of the quarter included:

• New Preliminary Economic Assessment completed for Courageous Lake
• KSM Preliminary Feasibility Study identifies higher throughput scenarios with significant potential economic benefits
• Continued exploration at KSM yields positive results
• Private placement/royalty partnership completed with Royal Gold Inc. for KSM
• Agreement reached to sell early-stage Nevada exploration properties

Summary Financial Results

For the three month period ended June 30, 2011, the Company reported a net loss of $8.1 million or $0.20 per share compared to a net loss of $1.6 million or $0.04 per share in the comparable quarter of 2010. The $8.1 million loss in the second quarter of 2011 included a $7.1 million charge relating to stock based compensation and included the fair value expense on options that were granted in 2008 but did not vest until June 2011.The Company's working capital position, at June 30, 2011, was $58.1 million up from $32.0 million at the end of 2010.  Cash and short-term deposits at June 30, 2011 totaled $60.7 million.

Seabridge holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM property located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and resource category please visit the Company's website athttp://www.seabridgegold.net/resources.php.