Seabridge Gold - Analyst Reports

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	April 29, 2008 — Thomas Schuster, Fraser Mackenzie, maintains strong buy rating and 12 month target of C$46.00. Risk profile: High March 27, 2008 — Mike Niehuser, Dutton Associates. Seabridge Gold rating strong buy in update; total gold resources up 55% to 50 million ounces with copper resources up 66% At 8.2 billion pounds March 6, 2008 — Thomas Schuster, Fraser Mackenzie, recommends Seabridge Gold as strong buy with 12 month target of C$46.00 and provices a detailed updated on the KSM project. Risk profile: High January 30, 2008 — Mike Niehuser, Dutton Associates. Research Note comments on recently announced resource increase at Noche Buena, reiterating a strong buy rating and a $46 target price. January 11, 2008 — Mike Niehuser, Dutton Associates. Research Note comments on recently announced resource increase at Kerr-Sulphurets, reiterating a strong buy rating and a $46 target price. January 3, 2008 — Matt Badiali, Stansberry & Associates. Commentary on the June, 2007 edition of Sjuggerud Confidential December 3, 2007 — Matt Badiali, The S&A Prospector. Report reviews Kerr-Sulphurets project in view of the recent Galore Mine announcement. November 29, 2007 — Mike Niehuser, Dutton Associates. Research Note comments on Mitchell's drill results supporting 2007 drill program. Strong buy recommendation and $46 target price maintained. October 22, 2007 — Mike Niehuser, Dutton Associates. Dutton publishes its video road show presentation of Seabridge Gold featuring CEO Rudi Fronk. October 16, 2007 — Mike Niehuser, Dutton Associates. Research Note comments on 600 meter expansion at Mitchell. Strong buy recommendation and $46 target maintained. September 25, 2007 — Mike Niehuser, Dutton Associates. Research Note comments on increased drilling at Mitchell deposit to increase and upgrade gold/copper resource. Strong buy recommendation and $46 target maintained. September 6, 2007 — Mike Niehuser, Dutton Associates. Research Note comments on initial drill results from 2007 drill program at Kerr-Sulphurets-Mitchell and raises recommendation to strong buy. $46 Target price maintained. September 4, 2007 — Mike Niehuser, Dutton associates, Report Update. Seabridge Positioned to Increase Resources at Kerr-Sulphurets-Mitchell. Target price increases to US$46. Buy rating maintained. August 13, 2007 — Thomas Schuster, Fraser Mackenzie, commences coverage of Seabridge with buy recommendation and C$40 target. Risk profile: High August 9, 2007 — Mike Niehuser, Dutton associates, Report Update. Seabridge Gold Increased Price Target And Buy Rating Maintained; Ounces of Gold Per Share Has Increased to About 0.85 Per Diluted Share. August 8, 2007 — Matt Badiali, The S&A Gold Report, Stansberry Research. Analyst Matt Badiali visits the Kerr-Sulphurets-Mitchell deposit and finds that, despite Seabridge's recent growth, the market is still placing a huge discount on the company's assets.	April 17, 2007 — Less Childress, Dutton Associates, Research Note. Seabridge Gold Continues Resource Expansion; Prompting Price Target Increase To $27. April 3, 2007 — Dr. Steve Sjuggerud, The Oxford Club How to Buy Gold for Less Than $10 An Ounce March 5, 2007 — Dr. Steve Sjuggerud, Daily Wealth How We Made 450% in This Market February 21, 2007 — Less Childress, Dutton Associates, Research Note. Seabridge Gold's Mitchell Deposit Is A Major Discovery. Strong Buy and Price Target of $20/share reiterated. November 9, 2006 — Less Childress, Dutton Associates, Research Note. Latest Seabridge Drill Results Expand New Mitchell Gold Copper Deposit. Strong Buy and Price Target of $20/share reiterated. October 23, 2006 — Less Childress, Dutton Associates, Initial Report Update. Seabridge Gold Strong Buy Rating Maintained; Target Price Raised To $20 For This Attractive And Under-valued Resource Play For Gold. September 20, 2006 — Less Childress, Dutton Associates, Research Note. Our Take on Seabridge's Announcement Regarding Confirmation of a Large Gold-Copper System in the Mitchell Zone at Kerr-Sulphurets Project; Reiterate Strong Buy Rating. September 6, 2006 — Less Childress, Dutton Associates, Research Note. Seabridge Gold Closes on 100% Buyback of Kerr-Sulphurets From Falconbridge; target price has become reachable and is therefore under review; Strong Buy Rating Reiterated. July 3, 2006 — Less Childress, Dutton Associates, Research Note. Seabridge Insider Share Sales Are Benign To Investors; Reiterate Strong Buy Rating. June 22, 2006 — Less Childress, Dutton Associates, Research Note. Additional Gold Zones Found North of FAT Deposit at Courageous Lake; Reiterate Strong Buy Rating. June 20, 2006 — Less Childress, Dutton Associates, Research Note. Seabridge Moving Forward on Kerr-Sulphurets; Reiterate Strong Buy Rating. May 4, 2006 — Less Childress, Dutton Associates, Research Note. Seabridge Gold Reacquires 100% Interest in Kerr-Sulphurets Project; Reiterate Strong Buy Rating. April 10, 2006 — Less Childress, Dutton Associates. correction: Seabridge Gold: Focused On Gold Ownership And Gold Flow; Announces Acquisition of the Noche Buena Gold Project. Note: this article is mistakenly dated 2005. March 31, 2006 — Less Childress, Dutton Associates, Research Note. We Continue to Press our Case Initiated Several Months Ago That Metals Prices will Ratchet Higher. The Blackmont report is titled "Precious Metals: Are you ready for $1000/oz gold?" and includes commentary on Seabridge Gold. January 17, 2006 — Les Childress, Dutton Associates, Research Note. Seabridge Gold: Largest Holder Required To Sell Partial In Fixed Income Funds.