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TORONTO, March 17, 2026 (GLOBE NEWSWIRE) — Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) announces initial results from the Phase 1 13,000-metre exploration drill program at the Eau Claire Gold project, located in the Eeyou Istchee Territory in the James Bay Region of Northern Quebec.
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Phase 1 drilling was focussed on expanding resources along high-grade shoots and adding continuity to the existing resource outside of the preliminary economic assessment identified stopes. A total of 21 holes (approximately 12,700m) has been completed, with results received for only 5,550m. Complete assay results have been received from 11 holes as well as partial results from a 12th hole. Seven holes returned significant results which are highlighted in Table 1 and Figure 1.
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The key highlight was infill drill hole 26EC-099, which targeted an inferred portion of the Eau Claire resource and intercepted 11.74 g/t gold over 6.63 metres (m) approximately 40m down plunge from previous drilling. A second hole, 26EC-101, which is a further 40m step down plunge outside of the existing resource envelope has just been completed and results are pending.
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“Drilling at Eau Claire continues to reinforce resource continuity, confirming mineralization remains well-developed and predictable within the deposit,” stated Tim Clark, CEO of Fury Gold Mines. “Importantly, the program shows the potential to grow the deposit between resource blocks (the Gap Zone) in shallow previously untested areas, and we look forward to continued drilling to further de-risk and expand Eau Claire as we unlock additional value for shareholders.”
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Table 1: Drill Highlights to Date
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| Hole ID | From | To | Drilled Thickness (m) | True Thickness (m) | Au (g/t) | Purpose |
| 25EC-083 | No significant intercept | |||||
| 25EC-084 | 286.5 | 288.0 | 1.5 | 1.48 | 3.58 | Infill |
| 299.0 | 301.0 | 2.0 | 1.97 | 2.44 | ||
| 25EC-085 | No significant intercept | |||||
| 25EC-086 | No significant intercept | |||||
| 25EC-087 | 383.5 | 386.5 | 3.0 | 2.79 | 2.21 | Expansion |
| 25EC-088 | 139.0 | 140.0 | 1.0 | 0.97 | 22.70 | Infill |
| 362.5 | 365.5 | 3.0 | 2.94 | 4.25 | ||
| 25EC-089 | 198.0 | 198.5 | 0.5 | 0.49 | 13.10 | Expansion |
| 25EC-090 | 293.5 | 295.0 | 1.5 | 1.48 | 2.74 | Expansion |
| 398.5 | 399.5 | 1.0 | 0.99 | 8.78 | ||
| 25EC-091 | No significant intercept | |||||
| 25EC-092 | No significant intercept | |||||
| 25EC-093 | 549.5 | 550.0 | 0.5 | 0.50 | 24.80 | Infill |
| 26EC-099* | 397.5 | 402.0 | 4.5 | 4.25 | 2.59 | Infill |
| 411.5 | 412.5 | 1.0 | 0.95 | 7.20 | ||
| 431.0 | 432.0 | 1.0 | 0.95 | 6.47 | ||
| 438.0 | 445.0 | 7.0 | 6.63 | 11.74 | ||
| 448.0 | 449.0 | 1.0 | 0.95 | 7.15 | ||
| 453.5 | 455.0 | 1.5 | 1.42 | 4.67 | ||
| 458.0 | 459.0 | 1.0 | 0.95 | 5.90 | ||
| Intercepts were calculated using Au grade*thickness no less than 2g/t*m with grade no less than 1g/t, maximum consecutive dilution 2m. True thickness was used for intercept calculation * Partial results received | ||||||
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A Phase 2 Eau Claire drill campaign, focussed on converting inferred portions of the resource and extensions to the indicated resource category, is now underway. The fully financed Phase 2 program is anticipated to comprise of an additional 15,000 – 25,000m of drilling and is expected to continue through the spring and summer of 2026.
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| Figure 1: Long section of the Eau Claire Deposit looking north showing the locations of the completed and current drill holes in relation to the block model. |
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| Figure 2: Eau Claire – Section 25EC-086-088 |
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| Figure 3: Eau Claire – Section 26EC-099 |
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| Figure 4: Eau Claire – Section Gap Zone |
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Sampling and Assaying Disclosure
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Analytical samples for the Drill Program were taken by sawing HQ diameter core into equal halves on site with one half sent to ALS Chemex in Val D’or, Quebec, Canada for preparation and analysis. All samples were assayed using a 50 g nominal weight fire with assay atomic absorption finish (Au-AA24) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-AA24 results were greater than 10 ppm by Au-AA24 were re-assayed with 50 g nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC programs using internal standard samples and blanks, field and lab duplicates, and lab standards and blanks indicate good overall accuracy and precision.
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