Seabridge Gold Reports Major Expansion of Mitchell Resource

TORONTO, ON - Seabridge Gold reported that Resource Modeling Inc. ("RMI") has completed an updated independent National Instrument 43-101 mineral resource estimate for the Mitchell zone at its 100% owned KSM project. Measured and indicated gold resources at Mitchell have increased by 89% over the previous estimate to more than 30 million ounces. Measured and indicated copper resources increased by 105% to nearly 6.0 billion pounds. Updated resource estimates for the Sulphurets and Kerr zones will be announced shortly and a new NI-43-101 Technical Report covering all three zones will be filed on SEDAR within 45 days.
The updated independent resource estimate incorporates results from 34 core holes totaling approximately 15,416 meters drilled by Seabridge at the Mitchell zone during 2008. The 2008 drill program successfully upgraded almost all of the 667 million tonne inferred mineral resource in the 2008 estimate to the measured or indicated category and also found extensions of the deposit to the south, north and at depth.
The company's address is 106 Front Street East, Suite 400, Toronto, ON M5A 1E1, 416.367.9292, fax: 416.367.2711, email: [email protected]