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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: E. Charters4/4/2006 2:26:42 PM
   of 78416
 
Seabridge Gold Arranges Cdn$8.4 Million Financing

TORONTO, CANADA --- April 4, 2006) -

Funds to be Used for Noche Buena Project

Seabridge Gold (TSX VENTURE:SEA)(AMEX:SA) announced today that it has arranged a Cdn$8,443,750 private placement financing consisting of 875,000 common shares at Cdn$9.65 per share. The shares to be issued under this private placement will be subject to a four-month hold period. Closing of this financing is subject to regulatory approval and completion of final documentation. There are no commissions or finders fees payable on the financing.

Insiders of the Company have subscribed for 205,000 shares of the financing, including 161,500 shares by its largest shareholder, Pan Atlantic Bank and Trust Ltd. Pan Atlantic is beneficially owned and controlled by Albert D. Friedberg.

Proceeds from the financing will be used for the acquisition of the Noche Buena gold project (see news release dated April 3, 2006) and for general working capital requirements.

The shares to be placed in the U.S. will not be registered under the U.S. Securities Act of 1933, and they may not be offered or sold in the U.S. absent registration or an applicable exemption from the registration requirements of the Securities Act.

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