Courageous Lake Moving Towards Preliminary Feasibility 

TORONTO, Drilling has commenced at Seabridge Gold's 100% owned Courageous Lake project as part of a $7.3 million exploration program designed to upgrade inferred resources within the current FAT deposit pit plan, complete geotechnical drilling required to move towards a Preliminary Feasibility Study ("PFS") and look for new targets along the 53 kilometers of the Matthew's Lake greenstone belt held by Seabridge. The 2011 program will include approximately 20,000 meters of core drilling, divided into a winter program which is now in progress and a summer program commencing in June.

Seabridge President and CEO Rudi Fronk said that "We expect to announce the results of a new Preliminary Economic Assessment for Courageous Lake which is now scheduled for late May which is about one month later than originally planned. The work to take this study to a PFS level in 2012 must begin now with the key focus being further additions to the FAT deposit's 6.8 million ounce measured and indicated gold resource from which reserves will be calculated. Last year's 22,000 meter drill program successfully increased measured and indicated gold resources by 2.5 million ounces." Results from the updated PFS on the KSM project are expected in late April.