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Drilling Results Confirm SE Extension of Seabridge Gold’s Noche Buena Deposit

Tuesday, 24th July 2007

Toronto (Canada) — Seabridge Gold announced today that assay results from the first seven drill holes at its 100% owned Noche Buena project have confirmed a southeast extension of gold mineralization with grades and thicknesses consistent with the known deposit.

In April, Seabridge commenced a reverse circulation drill program designed to expand the known gold resource at Noche Buena by testing three targets within and adjacent to the existing deposit (see news release dated April 16, 2007). The program is now complete consisting of 33 holes totalling approximately 8,000 meters. The first seven holes of the 2007 program were designed to test a potential southeast extension of the deposit. Assay results from all seven of these holes show gold mineralization in multiple stacked zones as follows:

Drill Hole ID

From
(meters)

To
(meters)

Length
(meters)

Gold grade
(grams/tonne)

SNB-001

96.0

102.1

6.1

0.365

262.2

269.8

7.6

0.964

SNB-002

68.6

83.8

15.2

0.358

97.6

100.6

3.0

0.357

231.7

234.7

3.0

0.303

271.3

274.4

3.0

0.369

SNB-003

9.1

12.2

3.0

0.376

25.9

30.5

4.6

0.652

70.1

82.3

12.2

1.126

167.6

170.7

3.0

1.192

201.2

207.3

6.1

0.383

266.7

288.0

21.3

1.234

SNB-004

51.8

65.5

13.7

0.334

94.5

97.5

3.0

0.329

143.3

152.4

9.1

0.303

275.8

294.1

18.3

0.799

SNB-005

including

30.5

57.9

27.4

0.532

30.5

36.6

6.1

1.203

70.1

102.1

32.0

0.331

117.3

125.0

7.7

0.582

216.4

239.3

22.9

0.471

SNB-006

47.2

51.8

4.6

0.301

62.5

67.1

4.6

0.353

76.2

94.5

18.3

0.545

275.8

285.0

9.1

0.316

SNB-007

27.4

41.1

13.7

0.489

93.0

109.7

16.8

0.534

204.2

228.6

24.4

0.899

236.2

246.9

10.7

0.368

289.5

300.2

10.7

0.782

All seven holes were drilled from northeast to southwest at an azimuth of 230 degrees and an inclination of minus 65 degrees. True thicknesses of the reported gold intercepts will not be known until geologic interpretations have been completed following the receipt of all assay results.

Seabridge President and CEO Rudi Fronk said the results to date “are exactly what we were looking for. It now appears likely that our geological interpretation is correct and the deposit is considerably larger than originally thought”. Assays from the remaining holes are expected within the next several weeks and will be released as soon as they have been compiled and reviewed.

The Noche Buena project is located in northwestern Sonora State, about 55 km from the city of Caborca and within the geological terrain that is host to several large gold deposits, including the La Herradura and Mesquite Mines. Seabridge Gold purchased the property in April of 2006 and completed a NI 43-101 compliant technical report that confirmed a resource (at a cutoff grade of 0.30 grams of gold per tonne) of: 21.9 million tonnes of indicated resources grading 0.81 grams of gold per tonne (569,000 ounces) plus an additional 14.0 million tonnes in the inferred resource category grading 0.68 grams of gold per tonne (308,000 ounces).

Exploration activities at Noche Buena are being directed by William Threlkeld, P.Geol, an officer of the Company and a Qualified Person as defined by National Instrument 43-101. An aggressive QA/QC procedure has been implemented to insure this new drilling is comparable in quality to previous resource delineation drilling. Results from this program will be incorporated into a revised resource model of the Noche Buena property. An updated resource estimation for the deposit incorporating this new drilling is expected in the third quarter of 2007.

Seabridge has acquired a 100% interest in nine North American gold resource projects. For a breakdown of the Company’s mineral resources by project and resource category please visit the Company’s website at http://www.seabridgegold.net/Resource.htm.

All resource estimates reported by the Company, with the exceptions of the historic estimates for the Hog Ranch project and the Kerr and Sulphurets deposits, 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.

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 neces sarily 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 interruptions; the possibility of environmental issues at the Company’s projects; the possi bility 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, 2006 and in the Company’s 20-F filed with the U.S. Securities and Exchange Commission (available at EDGAR).

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.

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 Fax: (416) 367-2711
Email: info@seabridgegold.net