|   |   |                                                         |
|--------|--------|--------------------------------------------------------------|
|   | Re:    | PURCHASE OFFER                                               |
|   |   | Optioned concessions, Tropico Project, Sinaloa State, Mexico |

|                                     |   |   |   |   |   |   |      |   |   |
|------------------------------------------|--------|--------|--------|--------|--------|--------|-----------|--------|--------|
| Proposed Skeena common share1 issuance   |   |   |   |   |   |   |      |   |   |
|                                     |   |   |   |   |   |   |      |   |   |
| Virginia Energy (formerly Santoy)        |   |   | 48     | %      |   |   | 3,840,000 |   |   |   |   |
| Almaden Minerals                         |   |   | 32     | %      |   |   | 2,560,000 |   |   |   |   |
| Minera Cascabel                          |   |   | 20     | %      |   |   | 1.600,000 |   |   |   | 8,000,000 |   |
|                                     |   |   |   |   |   |   |      |   |   |   |   |   |
| Proposed Skeena share purchase warrants2 |   |   |   |   |   |   |      |   |   |   |   |   |
|                                     |   |   |   |   |   |   |      |   |   |   |   |   |
| Virginia Energy                          |   |   | 48     | %      |   |   | 1,920,000 |   |   |   |   |   |
| Almaden Minerals                         |   |   | 32     | %      |   |   | 1,280,000 |   |   |   |   |   |
| Minera Cascabel                          |   |   | 20     | %      |   |   | 800,000   |   |   |   | 4,000,000 |   |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1      | Common shares with a deemed value of $0.06 CDN per share                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 2      | 5 year share purchase warrants, exercisable at $0.20/share during years 1 and 2, and exercisable at $0.50 per share from the second anniversary until expiry. If the common shares of Skeena are consolidate at any time during the first two years post closing of this offer, regardless of the share consolidation formula, the exercise price of the outstanding warrants during the first two years shall not be greater than $0.50 per share, and not greater than $1.25 per share during years 3,4, and 5. |

----

|                     |   |
|--------------------------|--------|
| Peter Megaw              |   |
| Minera Cascabel SA de CV |   |

|                           |   |                          |
|--------------------------------|--------|--------------------------|
| Norm Reynolds, President       |   | Duane Poliquin, Chairman |
| Virginia Energy Resources Inc. |   | Almaden Minerals Ltd.    |

----

|                |   |                 |
|---------------------|--------|----------------------|
| Concession Name     |   | Title or File Number |
|                |   |                 |
| San Pablo           |   | T.229972             |
| El Recodo           |   | T.235304             |
| Maricela            |   | T.204533             |
| La Tarantual II     |   | T.222090             |
| La Princesa Cinthia |   | E.95/12771           |
| Tropico 2           |   | T.232912             |
| Tropico 3           |   | T.232913             |
| Tropico 4           |   | T.232914             |
| Tropico 4 Fracc.    |   | T.232915             |
| Tropico 5           |   | T.232916             |
| Tropico 5 Fracc.    |   | T.232917             |

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