<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>newsrelease.txt
<DESCRIPTION>EX. 99.1 - PRESS RELEASE
<TEXT>
                               SEABRIDGE GOLD INC.

                                  NEWS RELEASE
TRADING SYMBOLS: TSX-V: SEA                           FOR IMMEDIATE RELEASE
                 AMEX: SA                                      MAY 28, 2004

            SEABRIDGE GOLD REPORTS ON 1ST QUARTER FINANCIAL RESULTS

Toronto (Canada) Highlights from the report for the quarter ended March 31, 2004
were as follows:

o Permits received for Courageous Lake drill program
o Stonewall project optioned to Hecla Mining
o $5.4 million raised in private placement equity financing

For the full quarterly report with financial statements please visit:
http://www.seabridgegold.net/images2/2004-Q1.pdf

FINANCIAL RESULTS

For the three month period ended March 31, 2004, Seabridge reported net income
of $109,000 ($0.00 per share) compared to a $239,000 loss ($0.01 per share) for
the same period last year. During the quarter ended March 31, 2004, the Company
invested $622,000 in mineral projects compared to $366,000 for the same period
last year. At March 31, 2004 net working capital was $1,233,000 compared to
$1,886,000 at December 31, 2003. Subsequent to March 31, 2004 the Company
completed a private placement for gross proceeds of $5,400,000 consisting of 1.2
million shares at $4.50 per share.

PROJECTS

Seabridge has now received regulatory approval to proceed with its planned drill
program at its 100% owned Courageous Lake project in the Northwest Territories.
Supplies and equipment for the program are now onsite, having been moved along
the winter road from Yellowknife, which crosses the Courageous Lake property.
The 2004 10,000 metre program will focus on the following target zones
identified in Seabridge's 2003 regional exploration program:

     (1)  Salmita Target Zone, representing the consolidation of the Salmita
          Northeast, T-Vein, Olsen and Marsh Pond targets. Of 26 historic
          diamond drill holes from the Salmita Target zone re-assayed by
          Seabridge in 2003, 18 produced results consistent with the FAT deposit
          1.5 kilometres to the north. Prospective greenstone stratigraphy in
          the Salmita Target Zone is about 750 metres thick and extends for
          about 3,500 metres in length.

     (2)  Tundra Target Zone, representing the consolidation of the Boundary,
          Fault Zone, Tundra, Tundra South and Walsh Lake targets. All 12
          historic diamond drill holes from the Tundra Target Zone re-assayed by
          Seabridge in 2003 produced results consistent with the FAT deposit

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            172 King Street East, 3rd Floor; Toronto, Ontario M5A 1J3
               Telephone: (416) 367-9292 Facsimile: (416) 367-2711


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          seven kilometres to the north. Prospective greenstone stratigraphy in
          the Tundra Target Zone is about 500 metres thick and extends for about
          3,000 metres in length.

     (3)  South Strike Extension of FAT deposit, an area with minimal drill
          testing that suggests the southern limits of the FAT deposit have not
          been defined. Historic drilling in the area demonstrated that
          gold-bearing zones similar to the FAT deposit (and potentially the
          strike extension of that deposit), exist up to 1,500 metres south of
          the defined resource. The prospective stratigraphy is about 300 metres
          thick.

Seabridge's 75% owned subsidiary, Pacific Intermountain Gold ("PIGCO"), has
granted Hecla Mining Company an option to earn a 100% working interest in the
Stonewall project located in Nye County, Nevada. Stonewall is one of more than
30 early-stage Nevada exploration projects held by PIGCO. Hecla can earn their
interest by expending US$750,000 in exploration over a three year period and
paying PIGCO US$250,000 in advance royalty payments. Upon completion of the
earn-in, PIGCO will retain a sliding-scale net smelter royalty interest in the
property ranging from 2% to 8% based on the price of gold. Hecla will have the
right to buy out half of the royalty at any time for US$1.5 million.

                             -----------------------

Seabridge has been designed to provide its shareholders maximum leverage to the
price of gold. The Company has acquired a 100% interest in eight North American
gold projects which collectively contain an estimated 8.74 million ounces of
resources in the measured and indicated categories (250.1 million tonnes grading
1.09 grams of gold per tonne) plus an additional estimated 6.83 million ounces
of resources in the inferred category (201.0 million tonnes grading 1.06 grams
of gold per tonne). (See http://www.seabridgegold.net/gold_resources.htm for a
breakdown of these gold resources by project). The Company continues to seek
expansion of its gold resource base by acquisition of new projects and
exploration programs largely funded by partners.

ALL RESOURCE ESTIMATES REPORTED IN THIS DISCLOSURE ARE 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.

STATEMENTS RELATING TO THE ESTIMATED OR EXPECTED FUTURE PRODUCTION AND OPERATING
RESULTS AND COSTS AND FINANCIAL CONDITION OF SEABRIDGE, PLANNED WORK AT THE
COMPANY'S PROJECTS AND THE EXPECTED RESULTS OF SUCH WORK ARE FORWARD-LOOKING
STATEMENTS WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS ARE STATEMENTS THAT ARE NOT
HISTORICAL FACTS AND ARE GENERALLY, BUT NOT ALWAYS, IDENTIFIED BY WORDS SUCH AS
THE FOLLOWING: EXPECTS, PLANS, ANTICIPATES, BELIEVES, INTENDS, ESTIMATES,
PROJECTS, ASSUMES, POTENTIAL AND SIMILAR EXPRESSIONS. FORWARD-LOOKING STATEMENTS
ALSO INCLUDE REFERENCE TO EVENTS OR CONDITIONS THAT WILL, WOULD, MAY, COULD OR
SHOULD OCCUR. INFORMATION CONCERNING EXPLORATION RESULTS AND MINERAL RESERVE AND
RESOURCE ESTIMATES MAY ALSO BE DEEMED TO BE FORWARD-LOOKING STATEMENTS, AS IT
CONSTITUTES A PREDICTION OF WHAT MIGHT BE FOUND TO BE PRESENT WHEN AND IF A
PROJECT IS ACTUALLY DEVELOPED. THESE FORWARD-LOOKING STATEMENTS ARE NECESSARILY
BASED UPON A NUMBER OF ESTIMATES AND ASSUMPTIONS THAT, WHILE CONSIDERED
REASONABLE AT THE TIME THEY ARE MADE, ARE INHERENTLY SUBJECT TO A VARIETY OF
RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL EVENTS OR RESULTS TO DIFFER
MATERIALLY FROM THOSE REFLECTED IN THE FORWARD-LOOKING STATEMENTS, INCLUDING,
WITHOUT LIMITATION: UNCERTAINTIES RELATED TO RAISING SUFFICIENT FINANCING TO
FUND THE PLANNED WORK IN A TIMELY MANNER AND ON ACCEPTABLE TERMS; CHANGES IN
PLANNED WORK RESULTING FROM LOGISTICAL, TECHNICAL OR OTHER FACTORS; THE
POSSIBILITY THAT RESULTS OF WORK WILL NOT FULFILL PROJECTIONS/EXPECTATIONS AND
REALIZE THE PERCEIVED POTENTIAL OF THE COMPANY'S PROJECTS; UNCERTAINTIES
INVOLVED IN THE INTERPRETATION OF DRILLING RESULTS AND OTHER TESTS AND THE
ESTIMATION OF GOLD RESERVES AND RESOURCES; RISK OF ACCIDENTS, EQUIPMENT
BREAKDOWNS AND LABOUR DISPUTES OR OTHER UNANTICIPATED DIFFICULTIES OR


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INTERRUPTIONS; THE POSSIBILITY OF ENVIRONMENTAL ISSUES AT THE COMPANY'S
PROJECTS; THE POSSIBILITY OF COST OVERRUNS OR UNANTICIPATED EXPENSES IN WORK
PROGRAMS; THE NEED TO OBTAIN PERMITS AND COMPLY WITH ENVIRONMENTAL LAWS AND
REGULATIONS AND OTHER GOVERNMENT REQUIREMENTS; FLUCTUATIONS IN THE PRICE OF GOLD
AND OTHER RISKS AND UNCERTAINTIES, INCLUDING THOSE DESCRIBED IN THE COMPANY'S
ANNUAL INFORMATION FORM FILED WITH SEDAR IN CANADA (AVAILABLE AT WWW.SEDAR.COM)
FOR THE YEAR ENDED DECEMBER 31, 2002 AND IN THE COMPANY'S 20-F FILED WITH THE
U.S. SECURITIES AND EXCHANGE COMMISSION (AVAILABLE AT WWW.SEC.GOV/EDGAR.SHTML).

FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS, ESTIMATES AND OPINIONS OF
THE COMPANY'S MANAGEMENT OR ITS INDEPENDENT PROFESSIONAL CONSULTANTS ON THE DATE
THE STATEMENTS ARE MADE. SEABRIDGE UNDERTAKES NO OBLIGATION TO UPDATE THESE
FORWARD-LOOKING STATEMENTS IF SUCH BELIEFS, ESTIMATES OR OPINIONS OR OTHER
FACTORS SHOULD CHANGE.

                                         ON BEHALF OF THE BOARD
                                         "Rudi Fronk,"
                                         President & C.E.O.
For further information please contact:
Rudi P. Fronk, President and C.E.O.
Tel: (416) 367-9292   o  Fax: (416) 367-2711
Visit our website at www.seabridgegold.net  Email: info@seabridgegold.net

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

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