Fury Drilling at Committee Bay Extends Three Bluffs Mineralization and Expands Raven Target

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“The 2025 drilling at Three Bluffs has confirmed that previously under explored regional scale shear zones contain strong alteration and gold mineralization across significant widths. As is typical with high-grade orogenic gold systems, gold mineralization within the Three Bluffs shear is highly variable over short distances. In the coming months the Fury team will be reviewing the structure, lithology, alteration and mineralization at Three Bluffs to better understand the controls on high-grade gold mineralization,” commented Bryan Atkinson, P.Geo., SVP Exploration of Fury.

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Figure 1: Committee Bay regional land package showing the location of the Three Bluffs Deposit, drill-ready targets, as well as the distribution of gold prospects across the 300 km long greenstone belt.

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Figure 2: Composite Long Section depicting the location of the 2021 and 2025 drill intercepts in relation to the existing Three Bluffs Mineral Resource.

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Raven Prospect

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The Raven prospect is located in the southwest third of the Committee Bay gold belt, approximately 50 km west of the Three Bluffs deposit. The 2025 drilling program targeted the southern boundary of a regional shear zone where a previously undrilled gold-bearing outcrop was discovered in 2021. Seven rock grab samples collected from this outcrop in 2021 averaged 16.12 g/t gold (Figure 3) (see news release dated February 16, 2022). Raven lies within an 8 km long east – west oriented shear zone where gold mineralization has been identified over a 1.4 km footprint to date. Two drill holes were completed in 2025 for approximately 737m. Drill hole 25RV015 extended mineralization 330m to the west of historical drilling intercepting 4.59 g/t gold over 1.5m in an arsenopyrite bearing silica-sericite altered felsic volcanic proximal to the southern boundary of the Raven Shear. Drill hole 25RV016 intercepted a zone of strong silica sericite alteration with abundant quartz veining and arsenopyrite, which returned an intercept of 1.01 g/t gold across 14.5m, including 4.65 g/t gold of 1.5m. The two reported Raven intercepts are 430m apart (Figure 3).

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Figure 3: Illustrates the location of the 2025 Raven drilling within the 8 km Raven shear zone.

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Bryan Atkinson, P.Geo, Senior Vice President Exploration at Fury, is a “qualified person” within the meaning of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the technical disclosures in this news release.

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Analytical samples were taken by sawing NQ diameter core into equal halves on site and sent one of the halves to AGAT Lab in Thunder Bay, ON for preparation and gold assay and then to AGAT Lab in Calgary, AB for multielement analysis. All samples are assayed using 50g nominal weight fire assay with atomic absorption finish (AGAT method 202-551) and multi-element four acid digest ICP-OES/MS method (AGAT method 201-071). For a series of samples from the interval of high gold variability in hole 25TB153 assay were repeated with metallic screening procedure (AGAT method 202-121) on a 1000g pulp split. QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good accuracy.

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About Fury Gold Mines Limited

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Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 11.3 million common share position in Dolly Varden Silver Corp (approximately 12.3% of issued shares). Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For more information on Fury Gold Mines, visit www.furygoldmines.com.

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For further information on Fury Gold Mines Limited, please contact:

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Forward-Looking Statements and Additional Cautionary Language

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This news release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of applicable securities laws, which statements relate to the future exploration operations of the Company and may include other statements that are not historical facts. Specific forward-looking statements contained in this news release includes information relating to the Company’s 2025 exploration program at the Committee Bay project.