Skeena Resources Limited

June 27, 2008 12:47 ET

Skeena Appoints VP of Corporate Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 27, 2008) - Skeena Resources Limited (TSX VENTURE:SKE) is pleased to announce that David M. Stone. Ph.D., P.Eng., MBA has been appointed to the position of Vice President, Corporate Development and has been elected to the Board of Directors. David has 30 years of engineering and financial consulting experience to underground and surface metal mines worldwide. He has managed and led multidisciplinary project teams through pre-feasibility and feasibility level evaluations of development-stage projects, and has contributed to the engineering, design and construction of several mines. His expertise includes scoping and feasibility studies for open pit and underground projects, and an extensive international knowledge of current mining best practices, environmental permitting, mine planning and production scheduling, capital and operating costs, equipment selection, and financial analyses. He received his BA Sc. in geological engineering from the University of British Columbia and went on to complete a Ph.D. in civil engineering at Queen's University in Kingston where he also returned to complete an MBA. He is a licensed professional engineer in numerous Canadian and United States jurisdictions.

Ron Netolitzky, Chairman of Skeena, stated that, "We feel exceptionally fortunate to have the availability of someone with the depth of experience and qualifications of Dr. Stone. Having David join our group (as CEO of Boss Power Corp. and as Vice President of Brett Resources Inc.) has given us the in-house ability to manage advanced projects quickly and efficiently to Scoping or Feasibility Stage in a market place that is chronically short of engineering talent."

Dr. Stone's first assignment will be to manage a Preliminary Economic Assessment ("Scoping Study") of Skeena's Malpica copper-gold-molybdenum project east of Mazatlan, Sinaloa State, Mexico.

In accordance with the company's stock option plan, 1,200,000 stock options are being granted at an exercise price of 30 cents per share, for a period of five years from the date of grant to directors, officers, employees and consultants. 350,000 of the options granted to employees engaged in investor relations activities are subject to vesting, quarterly, over a period of one year. Any shares issued under the option plan will be subject to a four-month hold period from the date of grant, pursuant to the policies of the TSX Venture Exchange.


J. R. Allan, P.Geol., President

Cautionary Statement on Forward-Looking Information.

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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