Seabridge Discovers Large, High-Grade Copper

TORONTO - Seabridge Gold reported the discovery of a very large and high-grade copper-gold zone below the Kerr deposit at its 100%-owned KSM gold-copper project located near Stewart, British Columbia, Canada. This discovery, named Deep Kerr, has the best metal values found to date at KSM, its grades and widths are improving with depth, the down dip potential remains wide open and it is favorably located for cost-effective exploitation.

Seabridge believes the Deep Kerr is an important discovery which could significantly improve KSM's already robust projected economics. It will be drilled aggressively in 2013 using the proceeds of the Company's recently-announced $24 million bought-deal flow-through financing.

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].