Corporate Presentation
June 2017
SEABRIDGE GOLD
Forward Looking Statements
All reserve and resource estimates reported by the Company 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 Company’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 Company’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 Company’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 Company’s Annual Information Form filed with
SEDAR in Canada (available at www.sedar.com) for the year ended December 31, 2016 and in the Company’s Annual Report
Form 40-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 Company’s management or its independent
professional consultants on the date the statements are made.
SEABRIDGE GOLD
2
The Case for Seabridge
Proven and
Probable Reserves
• KSM: 38.8M oz gold plus 10.2B lbs copper (2.2B tonnes at 0.55
gpt Au and 0.21% Cu)
• Courageous Lake: 6.5M oz gold (91M tonnes at 2.2 gpt Au)
Low Share Dilution
• 56.7M shares outstanding
Low Valuation
• $12 Enterprise Value per oz of gold reserves
Low Political Risk
• All reserves are located in Canada
• KSM is shovel ready; Environmental Assessment completed
Exploration Upside
• Recent resource additions and new discoveries could add
significant higher grade reserves to improve project economics
New Acquisitions
SEABRIDGE GOLD
• Iskut B.C.: District scale with high-grade epithermal gold potential
• Snowstorm Nevada: On the intersection of 3 major gold trends
3
Gold Reserves
 Reserves rank Seabridge among world’s top ten gold companies
Gold Reserves (M oz)
100.0
80.0
45M oz
60.0
40.0
20.0
Buenaventura
Alamos
Pretium
Gabriel
New Gold
Detour
Yamana
Polymetal
NovaGold
Agnico-Eagle
Kinross
Goldcorp
Seabridge
Anglogold
Polyus
Newcrest
Newmont
Barrick
-
Source: Company data. Data as of May 29, 2017.
Note: Companies shown include North America’s largest gold companies and selected gold project development companies.
SEABRIDGE GOLD
4
Seabridge Designed to Provide Leverage to Gold
Gold Reserves per Common Share
 Seabridge ranks 1st in reserves/share among leading gold companies
0.90
0.80 Reserve oz/share
0.75
0.60
0.45
0.30
0.15
Buenaventura
Yamana
Kinross
New Gold
Alamos
Gabriel
Polymetal
Pretium
Goldcorp
NovaGold
Barrick
Newcrest
Agnico-Eagle
Detour
Newmont
Anglogold
Polyus
Seabridge
-
Source: Company data. Data as of May 29, 2017.
Note: Companies shown include North America’s largest gold companies and selected gold project development companies.
SEABRIDGE GOLD
5
Seabridge Designed to Provide Leverage to Gold (cont.)
$1,200
70x
$1,011
60x
$1,000
50x
$800
40x
$600
30x
$400
Ratio to Seabridge Average: 20x
$200
Spot Gold Value per Common Share Average: $109
10x
Buenaventura
Yamana
Kinross
New Gold
Alamos
Gabriel
Polymetal
Pretium
Goldcorp
NovaGold
Barrick
Newcrest
Agnico-Eagle
Detour
Newmont
Anglogold
Polyus
Seabridge
-
20x
Ratio to Seabridge
Spot Gold Value per Common Share
 Gold reserves/share equates to value/share that competitors cannot match
Source: Company data. Data as of May 29, 2017.
Note: Companies shown include North America’s largest gold companies and selected gold project development companies. Averages exclude Seabridge.
SEABRIDGE GOLD
6
Share Dilution Matters!
110
110
100
100
90
90
80
80
70
70
60
60
50
50
40
40
30
30
20
20
10
10
-
Shares Outstanding (Millions)
Ounces of Gold (Millions)
 Reserves and Resources continue to grow faster than shares outstanding
2003
2004
2005
2006
Proven & Probable Gold Reserves
2007
2008
2009
2010
2011
Measured & Indicated Gold Resources
2012
2013
2014
Inferred Gold Resources
2015
2016
Shares Outstanding
Source: Company data. Data as of May 29, 2017.
Note: For a breakdown of Seabridge’s mineral reserves and resources by project, tonnes and grade, please visit http://seabridgegold.net/resources.php
SEABRIDGE GOLD
7
Historical Performance
6,400%
 In a rising gold
5,900%
5,400%
market,
Seabridge is a
stock to own…
4,900%
4,400%
3,900%
3,400%
2,900%
2,400%
1,900%
1,400%
900%
400%
(100%)
00
01
Price Performance:
02
03
04
05
Seabridge
Newmont
+1,866%
+67%
06
07
Barrick
+0%
08
09
Goldcorp
+476%
10
11
12
HUI
Gold
+196%
+347%
13
14
15
16 17
Source: Company and index data
Note: Price Performance represents performance over time from January 2000 through YTD 2017.
SEABRIDGE GOLD
8
Attractive Valuation
 Seabridge has a very low enterprise value per oz of gold reserves
Enterprise Value per Reserve oz
$400
$300
$200
$100
$12/oz
Seabridge
Gabriel
NovaGold
Anglogold
Detour
New Gold
Kinross
Polyus
Newcrest
Alamos
Pretium
Yamana
Newmont
Barrick
Goldcorp
Polymetal
-
Source: Company data. Data as of May 29, 2017.
(1) Enterprise Value calculated as market capitalization (basic) plus net debt and minority interest
Note: Companies shown include North America’s largest gold companies and selected gold project development companies
SEABRIDGE GOLD
9
Low Political Risk
 Where would you rather be?
Peru
Argentina
Ecuador
Indonesia
Chile
Canada
SEABRIDGE GOLD
• Illegal strikes and local opposition delay approved projects (Conga, Santa
Anna, Tintaya)
• Open pit mining and use of cyanide banned in certain areas
• 100% tax on export earnings for some resource projects (Famatina, San Jose)
• Increased taxes and royalties (Fruta del Norte)
• Creeping expropriation through imposed local and government ownership
(Batu Hijau, Grasberg, Tujuh Bukit)
• Increased royalty structure and challenging power supply issues (all projects)
• Local opposition delays approved projects (El Morro, Pascua-Lama)
• Stable regulatory and tax regime
• Established, reliable procedures for obtaining permits include deadlines for
government agencies
10
KSM Project, British Columbia, Canada
• KSM is the world’s largest undeveloped
gold/copper project (by reserves)
• Located in “mining friendly” British
Columbia near past producers
• Highly favorable logistics
• Estimated cash costs and total costs
well below current industry averages
• Base Case exhibits outstanding
capital efficiency
• BC Environmental Assessment
approved July 30, 2014. Federal
approval received December 2014
• Signed Benefit Agreement with
key Treaty Nation
• Newly added Deep Kerr and Lower Iron Cap
deposits add significant upside potential
SEABRIDGE GOLD
11
KSM – Approved by BC and Canada
SEABRIDGE GOLD
12
KSM – Favorable Logistics
SEABRIDGE GOLD
13
KSM – Mitchell Zone
SEABRIDGE GOLD
14
KSM Proven and Probable Reserves
Average Grades
Mining
Method
Zone
Reserve
Category
Millions
Tonnes
Contained Metal
Gold
(gpT)
Copper
(%)
Silver
(gpT)
Gold
(million
ounces)
Copper
(million
pounds)
Silver
(million
ounces)
Proven
460
0.68
0.17
3.1
10.1
1,767
45
Probable
481
0.63
0.16
2.9
9.7
1,677
44
Block Cave
Probable
453
0.53
0.17
3.5
7.7
1,648
51
Iron Cap
Block Cave
Probable
224
0.49
0.20
3.6
3.5
983
26
Sulphurets
Open Pit
Probable
304
0.59
0.22
0.8
5.8
1,495
8
Kerr
Open Pit
Probable
276
0.22
0.43
1.0
2.0
2,586
9
Proven
460
0.68
0.17
3.1
10.1
1,767
45
Probable
1,738
0.51
0.22
2.5
28.7
8,388
138
Total
2,198
0.55
0.21
2.6
38.8
10,155
183
Open Pit
Mitchell
Totals
Note: Reserves were calculated using $1200 gold, $2.70 copper and $17.50 silver
SEABRIDGE GOLD
15
KSM – 2016 Preliminary Feasibility Study
 The PFS projects a large, long-life mine
Unit
Years 1-7
LOM 53-Year Plan
Average Grades:
Gold
gpt
0.82
0.55
Copper
%
0.24
0.21
Silver
gpt
2.8
2.6
Molybdenum
ppm
48
43
933,000
540,000
Average Annual Production:
Gold
oz
Copper
M lbs
205
156
Silver
M oz
2.6
2.2
Molybdenum
M lbs
1.6
1.2
Note: Numbers above have been rounded.
SEABRIDGE GOLD
16
2016 PFS: Before Tax Economic Analysis
Unit
Base
Case
Alternate
Initial Capital Cost
$M
$5,000
$5,000
$4,800
Net Cash Flow
$M
$15,900
$26,300
$16,100
NPV @ 5%
$M
$3,300
$6,500
$3,500
Internal Rate of Return
%
10.4%
14.6%
11.1%
Payback Period
years
6.0
4.1
5.6
Operating Costs (LOM)
$/oz Au
$277
$183
$404
Total Costs (includes all capital)
$/oz Au
$673
$580
$787
Recent Spot
Metal Prices:
Gold
$/oz
$1,230
$1,500
$1,350
Copper
$/lb
$2.75
$3.00
$2.20
Silver
$/oz
$17.75
$25.00
$20.00
Molybdenum
$/oz
$8.49
$10.00
$7.00
0.80
0.80
0.77
US$/Cdn$ Exchange Rate
-
Note: For Operating and Total Costs, copper, silver and molybdenum revenues are taken as a by-product credits. Total Costs include all Initial
Capital, Sustaining Capital and Closure Costs. Numbers above have been rounded.
SEABRIDGE GOLD
17
2016 PFS: After Tax Economic Analysis
Unit
Base
Case
Alternate
Initial Capital Cost
$M
$5,000
$5,000
$4,800
Net Cash Flow
$M
$10,000
$16,700
$10,100
NPV @ 5%
$M
$1,500
$3,700
$1,700
Internal Rate of Return
%
8.0%
11.4%
8.5%
Payback Period
years
6.8
4.9
6.4
May 2012 Spot
Metal Prices:
Gold
$/oz
$1,230
$1,500
$1,350
Copper
$/lb
$2.75
$3.00
$2.20
Silver
$/oz
$17.75
$25.00
$20.00
Molybdenum
$/lb
$8.49
$10.00
$7.00
0.80
0.80
0.77
US$/Cdn$ Exchange Rate
Note: Taxes include B.C. Mineral Tax plus Canadian Federal and B.C. Corporate Income Taxes. Numbers above have been rounded.
SEABRIDGE GOLD
18
New Discoveries at Grades Higher Than Reserves
• Deep Kerr core zone found in 2013 now contains 2.0 billion
tonne inferred resource grading 0.41% copper and 0.31 g/T gold
• Initial inferred resource at Lower Iron Cap zone estimated at 164
million tonnes at 0.59 g/T gold and 0.27% copper
• Additions to resources since 2013 total 22.1 million ounces of
gold and 18.3 billion pounds of copper at grades 50+% higher
than existing reserves.
• Deep Kerr’s grades and size compare favorably with some of the
world’s largest, most profitable, operating copper/gold mines.
• New PEA demonstrates significant economic improvements to
KSM from these new higher-grade resources.
SEABRIDGE GOLD
19
N
S
NSR $/T
> $ 48
24-48
4000m Elev.
16-24
2000m Elev.
KERR
IRON CAP
SULPHURETS
MITCHELL
PIT MODELS
000m Elev.
Proposed Exploration Adit
projected to section
KSM PROJECT
Proposed Access Tunnel
projected to section
CAVE MODELS
-2000m Elev.
LONG SECTION
2016 NSR BLOCK MODEL
2000m
PEA Mine Plan – Reduces Waste by 2.4 Billion Tonnes
Average Grades
Mining
Method
Zone
Open Pit
Mitchell
Block Cave
Iron Cap
Block Cave
Sulphurets
Open Pit
Kerr
Block Cave
Totals
Resource
Category
Millions
Tonnes
M&I
Contained Metal
Gold
(gpT)
Copper
(%)
Silver
(gpT)
Gold
(million
ounces)
Copper
(million
pounds)
Silver
(million
ounces)
418
0.78
0.20
2.9
10.4
1,783
40
Inferred
12
0.47
0.20
5.2
0.2
50
2
M&I
606
0.66
0.20
4.1
12.9
2,726
81
Inferred
87
0.40
0.13
3.1
1.1
259
9
Indicated
122
0.64
0.24
4.1
2.5
643
16
Inferred
77
0.46
0.22
3.5
1.1
384
9
Indicated
92
0.70
0.29
0.6
2.1
584
2
Inferred
11
0.59
0.25
0.8
0.2
60
0
Indicated
24
0.26
0.54
1.1
0.2
290
1
Inferred
932
0.31
0.49
1.7
9.3
9,962
52
M&I
1,262
0.69
0.22
3.4
28.0
6,026
139
Inferred
1,119
0.33
0.43
2.0
12.0
10,716
72
Note: Mine plans were constructed using $1200 gold, $2.70 copper and $17.50 silver
SEABRIDGE GOLD
21
KSM – 2016 Preliminary Economic Assessment
 The PEA incorporates Deep Kerr and Lower Iron Cap with170k tpd throughput capacity
Unit
Years 1-7
LOM 51-Year Plan
Average Grades:
Gold
gpt
0.78
0.52
Copper
%
0.26
0.32
Silver
gpt
2.7
2.7
1,150,000
592,000
Average Annual Production:
Gold
oz
Copper
M lbs
307
286
Silver
M oz
3.3
2.8
Note: As the PEA is preliminary in nature, it includes Inferred Mineral Resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Numbers above have been rounded.
SEABRIDGE GOLD
22
2016 PEA: Before Tax Economic Analysis
Unit
Base
Case
Alternate
Initial Capital Cost
$M
$5,500
$5,500
$5,300
Net Cash Flow
$M
$26,300
$38,700
$24,100
NPV @ 5%
$M
$6,100
$10,200
$5,700
Internal Rate of Return
%
12.7%
16.9%
12.9%
Payback Period
years
5.6
3.9
5.3
Operating Costs (LOM)
$/oz Au
-$179
-$319
$32
Total Costs (includes all capital)
$/oz Au
$358
$218
$553
Recent Spot
Metal Prices:
Gold
$/oz
$1,230
$1,500
$1,350
Copper
$/lb
$2.75
$3.00
$2.20
Silver
$/oz
$17.75
$25.00
$20.00
0.80
0.80
0.77
US$/Cdn$ Exchange Rate
Note: For Operating and Total Costs, copper and silver revenues are taken as a by-product credits. Total Costs include all Initial Capital, Sustaining Capital and
Closure Costs. As the PEA is preliminary in nature, it includes Inferred Mineral Resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral
Resources that are not Mineral Reserves do not have demonstrated economic viability. Numbers above have been rounded.
SEABRIDGE GOLD
23
2016 PEA: After Tax Economic Analysis
Unit
Base
Case
Alternate
Initial Capital Cost
$M
$5,500
$5,500
$5,300
Net Cash Flow
$M
$16,700
$24,700
$15,300
NPV @ 5%
$M
$3,400
$6,000
$3,200
Internal Rate of Return
%
10.0%
13.4%
10.1%
Payback Period
years
6.4
4.7
6.1
Recent Spot
Metal Prices:
Gold
$/oz
$1,230
$1,500
$1,350
Copper
$/lb
$2.75
$3.00
$2.20
Silver
$/oz
$17.75
$25.00
$20.00
0.80
0.80
0.77
US$/Cdn$ Exchange Rate
Note: Taxes include B.C. Mineral Tax plus Canadian Federal and B.C. Corporate Income Taxes. As the PEA is preliminary in nature, it includes Inferred
Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be
categorized as Mineral Reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not Mineral Reserves do not have
demonstrated economic viability. Numbers above have been rounded.
SEABRIDGE GOLD
24
26
27
Courageous Lake
• At 6.5M oz, (91 million tonnes at 2.2 gpT
Au) Courageous Lake (“CL”) is Canada’s
2nd largest undeveloped gold reserve
(KSM is 1st)
• Excellent open pit grade of 2.2 gpt Au
• 2012 Preliminary Feasibility Study shows
viable project with exceptional leverage to
higher gold prices
• Wholly owned 53 km greenstone belt
provides excellent exploration potential
• Located in Northwest Territories within
100 km of Diavik and Ekati, two large
operating open pit diamond mines
SEABRIDGE GOLD
28
Courageous Lake – Project Location
• Project located on winter ice road,
in close proximity to the Diavik
and Ekati mines
– Demonstrating that year round
open pit bulk tonnage operations
are feasible
• Nearby mines provide “real-time”
estimates for capital and
operating costs
– Additionally, with mines scheduled
to close over the next several
years, a local and trained
workforce will be readily available
SEABRIDGE GOLD
29
Courageous Lake – PFS Pre-Tax Summary
 Exceptional leverage to gold price
Case
Unit
Base
Alternate
Gold Price
$/oz
$1,384
$1,925
Initial Capital Cost
$M
$1,520
$1,520
Mine Life
years
15.0
15.0
Average Annual Gold Production
ounces
385,000
385,000
Net Cash Flow
$M
$1,507
$4,519
NPV @ 5%
$M
$303
$2,080
Internal Rate of Return
%
7.3%
18.7%
Payback Period
years
11.2
4.0
Operating Costs (years 1-5)
$/oz Au
$674
$689
Operating Costs (LOM)
$/oz Au
$780
$796
Total Costs (includes all capital)
$/oz Au
$1,123
$1,141
US$/Cdn$ Exchange Rate
-
0.98x
0.99x
SEABRIDGE GOLD
30
CL – Value Enhancing Opportunities
Improve Capital
and Operating
Costs
• Access to hydro-electric generated power
• Examine year round road access
opportunities
Higher
Grades
• Exploring for higher grade material that could
be exploited in the early years of production
• History of high grade production along belt
Additional
Deposits
• Exploring for additional bulk mineable
deposits that could extend project life beyond
the current 15 year estimate
SEABRIDGE GOLD
31
Courageous Lake – Exploration Potential
• Existing 6.5M oz reserve (91 million
tonnes at 2.2 gpT Au) covers only
2 km of an under explored greenstone belt that stretches 53 km
– Owned 100% by Seabridge
• Two former producing mines on belt
(Salmita and Tundra) had average
grades of ~1 opt Au (30 gpt)
• Seabridge now exploring for
additional deposits that could extend
the estimated 15 year mine life
– With potentially higher grades
mined in early years
SEABRIDGE GOLD
32
Walsh Lake Resources (March 2014)
 Approximately twice the grade of Courageous Lake’s reserves
Walsh Lake Inferred Resource
Cut-Off
Gold
Grade
Tonnes
Grade
Inferred
(g/T)
(K)
g/t
(K oz)
0.20
6,647
2.37
506
0.30
5,987
2.60
500
0.40
5,477
2.81
495
0.40
5,022
3.03
489
0.60
4,624
3.24
482
0.70
4,278
3.45
475
0.80
3,986
3.65
468
0.90
3,727
3.84
460
1.00
3,512
4.02
454
Note: Mineral resources which are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources have a high degree of uncertainty as to their existence, and great
uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category.
SEABRIDGE GOLD
33
SnipGold Acquisition
• In June 2016 Seabridge issued 695,000 shares to acquire 100% of
SnipGold to obtain 100% of very large Iskut Project
• Iskut Project reports 2.2 million ounces of NI 43-101 measured and
indicated gold resources at the Bronson Slope prospect
• Iskut historically produced high-grade gold and hosts many
unexplored targets for high-grade material
• Iskut is located 30 kilometers from KSM, offering optimal synergies
for Seabridge knowledge and infrastructure.
• Seabridge planning $5 million 2017 exploration program to test
Quartz Rise high-grade target
SEABRIDGE GOLD
34
Iskut Location and Access
SEABRIDGE GOLD
35
36
Snowstorm Acquisition
• In February 2017 Seabridge agreed to acquire 100% of the
Snowstorm gold project in Nevada from Paulson & Co. for 700,000
common shares plus 500,000 common share purchase warrants
• Snowstorm sits on the intersection of three major Nevada gold
belts; Getchell, Carlin and the Northern Nevada Rift Zone
• Geologic, geochem and geophysical data documents hydrothermal
alteration zones and structural settings consistent with large
Nevada gold deposits
• Snowstorm is contiguous and on strike with several large
producing gold projects including Getchell/Turquoise Ridge, Twin
Creeks and Midas
• Annual holding costs less than US$300,000
SEABRIDGE GOLD
37
Snowstorm Location
SEABRIDGE GOLD
38
Seabridge’s Newest Shareholder
Seabridge to Acquire Snowstorm Project
February 2017
"We chose Seabridge as the best home for the Snowstorm project because
they share our vision of the project’s geologic potential and their exploration
team has done an outstanding job of growing the resources and reserves
on their existing projects. Moreover, Seabridge’s projects, particularly KSM,
will provide us with significant leverage to a higher gold price”
- John Paulson, President of Paulson & Co.
SEABRIDGE GOLD
39
Catalysts for Success
Joint Ventures
Exploration Success
EA/EIS Approval
• BC environmental
approval received
July 2014
• Federal approval
received Dec 2014
SEABRIDGE GOLD
• Pursuing KSM exploration
opportunities that will
improve project
economics
• Over 22 million ounces of
gold and 18 billion pounds
of copper added over past
4 years at grades much
higher than reserves
• 2017 drill program at KSM
and Iskut
• KSM being de-risked to
drive joint venture terms
• World’s largest mining
companies under CA
• Transactions dependent on
improved market conditions
40
Industry Not Making New Gold Discoveries
 Majors have limited options for new projects
(1) Source: SNL Metals Economics Group
SEABRIDGE GOLD
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Gold Industry Production in Major Decline
 Majors require new projects to replace depleting production
(2) Source: Consensus estimate. Includes CPM Group, GFMS and Metals Focus
SEABRIDGE GOLD
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Corporate Information
Listings
• NYSE: SA
• TSX: SEA
• Included in GDXJ, S&P/TSX Global Mining and Global Gold Indices
Share Structure
• 56.7 M shares outstanding
• 60.3 M fully diluted
Balance Sheet
• No debt
• >$35 M in working capital
Management and Board
Financial Institutions
Strategic Investors
SEABRIDGE GOLD
• Interests are aligned with shareholders
• Insiders own over 30% of common shares
• Own ~25% of common shares
• Investors include National Bank, Century Management, Van Eck,
Weiss, TD Bank, Sprott, Fidelity
• Royal Gold (holds option to acquire 2% gold/silver NSR at KSM for
$160 million in cash)
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Experienced Management
Rudi Fronk
Co-Founder, Chairman & CEO
Jay Layman
Director, President & COO
Bill Threlkeld
Senior VP, Exploration
Peter Williams
Senior VP, Technical Services
Christopher Reynolds
VP, CFO
Brent Murphy
VP, Environmental Affairs
Bruce Scott
VP, Corporate Affairs
SEABRIDGE GOLD
• Over 30 years of experience in the gold business, primarily as a senior officer and director of
publicly traded companies including Greenstone Resources, Columbia Resources, Behre
Dolbear & Company, Riverside Associates, Phibro-Salomon, Amax, and DRX
• Over 30 years of experience in the mining sector and responsible for designing and managing the technical
programs required to advance Seabridge's two main assets towards feasibility
• Former Vice President of Solutions and Innovation for Newmont Mining Company
• Over 30 years of exploration experience and is responsible for the design and execution of Seabridge’s
exploration and resource delineation programs
• Previously served as Exploration Manager and Vice President with Placer Dome
• Over 30 years of experience in mine engineering, design, strategic analysis and start-up
• Formerly a Group Executive, Mine Engineering at Newmont Mining Corporation
• Has 20 years of mining industry and public accounting experience and has been a CGA since 1994
• Currently a director of Paramount Gold and Silver
• Over 25 years of experience, responsible for developing and managing Seabridge's environmental
programs and community engagement strategies
• Has practiced law in the areas of corporate finance and securities, corporate and mining
since 1993 and has been counsel to Seabridge Gold since 1999
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Board of Directors
Frederick Banfield
Eliseo Gonzalez-Urien
Chair, Compensation
Committee
Richard Kraus
Chair, Audit Committee
John Sabine
Chair, Governance and
Nominating Committee
Gary Sugar
SEABRIDGE GOLD
• Founder and Chairman of Mintec, Inc. and one of the original
developers of MineSight™, recognized as the pre-eminent reserves
modeling and mine design software system with more than 300
installations worldwide
• Over 30 years of experience, Mr. Gonzalez-Urien is one of the most
highly regarded exploration geologists in the mining industry. Ran global
exploration for Placer Dome from 1989 through 2001
• Currently serves as the Executive Chairman of The RMH Group, Inc.
• Former CEO (and previously COO and CFO) of Echo Bay Mines
• Over 40 years of legal expertise in mining, securities, financing, and
mergers and acquisitions
• Former CEO of Anvil Mining and current director of Algold Resources
Inc. and Uranium One
• 32 years of investment banking experience
• Former director of Osisko Mining and Romarco Minerals. Director of
Stillwater Mining
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