SEABRIDGE GOLD INC

Ticker: SA CUSIP: 811916105 Class: Stock-Materials

Callahan Advisors, LLC's Holding History (CIK: 0001395055)

Note: Option positions (PUT/CALL) are excluded.

Q4 2017

Shares 10,250 Value ($000) $116 Avg Close $11.85 Range $9.80 - $13.70

Q3 2017

Shares 10,250 Value ($000) $125 Avg Close $11.58 Range $10.35 - $12.75

Q2 2017

Shares 10,250 Value ($000) $111 Avg Close $10.63 Range $9.50 - $12.25

Q1 2017

Shares 10,250 Value ($000) $113 Avg Close $10.40 Range $8.15 - $12.85

Q4 2016

Shares 11,200 Value ($000) $91 Avg Close $9.84 Range $7.35 - $12.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	10,250	$116	$11.85	$9.80 - $13.70
Q3 2017	10,250	$125	$11.58	$10.35 - $12.75
Q2 2017	10,250	$111	$10.63	$9.50 - $12.25
Q1 2017	10,250	$113	$10.40	$8.15 - $12.85
Q4 2016	11,200	$91	$9.84	$7.35 - $12.05