Seabridge Gold Inc. Shareholder Meeting Results

Seabridge Gold Inc. held a special meeting of shareholders on May 22, 2026, where over 99% of the votes approved the Courageous Lake spin-out. This arrangement involves transferring the Courageous Lake gold project to Valor Gold Corp., which will then distribute Valor shares to Seabridge shareholders. The transaction is subject to court approval, with an anticipated completion date of June 3, 2026. Following the spin-out, Seabridge shares will be suspended from trading, and new Seabridge shares and Valor shares will be listed on the TSX and NYSE. Procedures for shareholders to exchange their shares are detailed, distinguishing between non-registered and registered holders. The company also provided an update on its other gold projects and included forward-looking statements regarding the spin-out and future operations.