Seabridge Gold Announces 2010 Program for Courageous Lake

TORONTO, CANADA, Apr 06 (MARKET WIRE) --
Seabridge Gold Inc. (TSX: SEA)(NYSE Amex: SA) announced today that it
plans to spend approximately $15 million this year to advance its 100%
owned Courageous Lake gold project towards a National Instrument 43-101
compliant Preliminary Feasibility Study. The main objective of the
program is to conduct further diamond drilling designed to upgrade a
substantial portion of the existing inferred resource at the project to
the measured and indicated resource categories.

The Courageous Lake project consists of 27,263 hectares (67,366 acres)
covering 53 kilometers (33 miles) of a greenstone belt in Canada's
Northwest Territories, including the two kilometer long FAT deposit which
has estimated gold resources as set out below (see news release of
February 28, 2007 for details):

Courageous Lake Estimated Gold Resources at 0.83 gram per tonne cutoff

----------------------------------------------------------------------------
Measured Indicated Inferred
----------------------------------------------------------------------------
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/T) (000's) (000's) (g/T) (000's) (000's) (g/T) (000's)
----------------------------------------------------------------------------
6,293 2.92 591 53,020 2.14 3,648 93,720 1.98 5,966
----------------------------------------------------------------------------

In March 2008, Seabridge released the results of a Preliminary
Assessment (see news release dated March 10, 2008) in which the
independent consultants concluded that an open-pit mining operation, with
on-site processing, is the most suitable development scenario for the
Courageous Lake project. A base case scenario was developed proposing a
25,000 tonne per day operation (9.125 million tonne per year throughput)
resulting in a projected 11.6 year operation with average estimated
annual production of 500,500 ounces of gold at an estimated life of mine
average cash operating cost of US$435 per ounce recovered. The base case
scenario utilized measured, indicated and inferred resources in the mine
plan. Initial capital costs for the project were estimated at US$848
million, including a contingency of US$111 million. The total cost of
gold production (including cash operating costs and total capital costs
over the life of the mine) was estimated at US$590 per ounce.

At a gold price of US$690 per ounce, the base case cumulative pre-tax net
cash flow over the life of the project was estimated at US$500 million.
At a gold price of US$800 per ounce, the cumulative pre-tax net cash flow
over the life of the project was estimated at US$ 1.13 billion.

Seabridge notes that the Courageous Lake Preliminary Assessment
incorporated inferred mineral resources which are considered too
geologically speculative to have the economic considerations applied to
them that would enable them to be categorized as mineral reserves.
Therefore, Seabridge advises that there can be no certainty that the
estimates contained in the Preliminary Assessment will be realized.

Seabridge President and CEO Rudi Fronk noted that "at the gold price
prevailing when we completed the Preliminary Assessment, the Courageous
Lake project was clearly marginal. We believe that at current gold
prices, Courageous Lake could add significant value to Seabridge. We
therefore intend to update the Preliminary Assessment in early 2011, with
the objective of completing a National Instrument 43-101 compliant
Preliminary Feasibility Study in early 2012."

The program planned for 2010 includes environmental and permitting work,
engineering and metallurgical consulting and geotechnical, environmental
and definition drilling. Seabridge's recent equity financing was
undertaken in part to fund this program. Approximately 18,000 meters of
diamond drilling is planned in 40 holes which will target about 1/2 of
the inferred resource. The program is expected to start in June 2010.

National Instrument 43-101 Disclosure

The mineral resource estimates for Courageous Lake were prepared by
Resource Modeling, Inc. under the direction of Michael J. Lechner. The
2008 Courageous Lake Preliminary Assessment was prepared by Wardrop Inc.
under the direction of Frank Grills, and included the work of other
consultants (see news release of March 10, 2008). The 2010 Courageous
Lake exploration program will be under the direction of William E.
Threlkeld, Senior Vice President of Seabridge. All three individuals are
Qualified Persons under National Instrument 43-101 and have approved this
news release.

Seabridge holds a 100% interest in several North American gold projects.
The Company's principal assets are the KSM property located near Stewart,
British Columbia, Canada and the Courageous Lake gold project located in
Canada's Northwest Territories. For a breakdown of Seabridge's mineral
reserves and mineral resources by category please visit the Company's
website at http://www.seabridgegold.net/resources.php.

All reserve and resource estimates reported by the Corporation were
calculated in accordance with the Canadian National Instrument 43-101 and
the Canadian Institute of Mining and Metallurgy Classification system.
These standards differ significantly from the requirements of the U.S.
Securities and Exchange Commission. Mineral resources which are not
mineral reserves do not have demonstrated economic viability.

This document contains "forward-looking information" within the meaning
of Canadian securities legislation and "forward-looking statements"
within the meaning of the United States Private Securities Litigation
Reform Act of 1995. This information and these statements, referred to
herein as "forward-looking statements" are made as of the date of this
document but many of them relate to estimates and projections prepared in
2007 and 2008. Forward-looking statements relate to future events or
future performance and reflect current estimates, predictions,
expectations or beliefs regarding future events and include, but are not
limited to, statements with respect to: (i) the amount of mineral
reserves and mineral resources; (ii) the amount of future production over
any period; (iii) cumulative pre-tax net cash flow of the proposed mining
operation; (iv) capital costs; (v) operating costs, including credits
from the sale of other metals; (vi) mining rates; (vii) mine life; (vii)
planned expenditures; and (ix) upgrading inferred resources. Any
statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using
words or phrases such as "expects", "anticipates", "plans", "projects",
"estimates", "envisages", "assumes", "intends", "strategy", "goals",
"objectives" or variations thereof or stating that certain actions,
events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements.

All forward-looking statements are based on Seabridge's or its
consultants' current beliefs as well as various assumptions made by and
information currently available to them. These assumptions include: (i)
the presence of and continuity of metals at the Project at modeled
grades; (ii) the capacities of various machinery and equipment; (iii) the
availability of personnel, machinery and equipment at estimated prices;
(iv) exchange rates; (v) metals sales prices; (vi) appropriate discount
rates; (vii) tax rates and royalty rates applicable to the proposed
mining operation; (viii) financing structure and costs; (ix) anticipated
mining losses and dilution; (x) metals recovery rates, (xi) reasonable
contingency requirements; (xiii) receipt of regulatory approvals on
acceptable terms; and (xiv) the negotiation of satisfactory terms with
impacted First Nations groups. Although management considers these
assumptions to be reasonable based on information currently available to
it, they may prove to be incorrect. Many forward-looking statements are
made assuming the correctness of other forward looking statements, such
as statements of cumulative pre-tax net cash flow, which are based on
other forward-looking statements and assumptions herein. The cost
information is also prepared using earlier values, but the time for
incurring the costs will be in the future and it is assumed costs will
remain stable over the relevant period.

By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
estimates, forecasts, projections and other forward-looking statements
will not be achieved or that assumptions do not reflect future
experience. We caution readers not to place undue reliance on these
forward-looking statements as a number of important factors could cause
the actual outcomes to differ materially from the beliefs, plans,
objectives, expectations, anticipations, estimates assumptions and
intentions expressed in such forward-looking statements. These risk
factors may be generally stated as the risk that the assumptions and
estimates expressed above do not occur, but specifically include, without
limitation, risks relating to variations in the mineral content within
the material identified as mineral reserves from that predicted,
variations in rates of recovery and extraction; developments in world
metals markets, risks relating to fluctuations in the Canadian dollar
relative to the US dollar, increases in the estimated capital and
operating costs or unanticipated costs, difficulties attracting the
necessary work force, increases in financing costs or adverse changes to
the terms of available financing, if any, tax rates or royalties being
greater than assumed, changes in development or mining plans due to
changes in logistical, technical or other factors, changes in project
parameters as plans continue to be refined, risks relating to receipt of
regulatory approvals or settlement of an agreement with impacted First
Nations groups, the effects of competition in the markets in which
Seabridge operates, operational and infrastructure risks and the
additional risks described in Seabridge's Annual Information Form filed
with SEDAR in Canada (available at www.sedar.com) for the year ended
December 31, 2009 and in the Corporation's Annual Report Form 40-F filed
with the U.S. Securities and Exchange Commission on EDGAR (available at
www.sec.gov/edgar.shtml). Seabridge cautions that the foregoing list of
factors that may affect future results is not exhaustive.

When relying on our forward-looking statements to make decisions with
respect to Seabridge, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. Seabridge
does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Seabridge or on
our behalf, except as required by law.

ON BEHALF OF THE BOARD

Rudi Fronk, President & C.E.O.

Contacts:
Seabridge Gold Inc.
Rudi P. Fronk
President and C.E.O.
(416) 367-9292
(416) 367-2711 (FAX)
info@seabridgegold.net

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