Mr. Dale Verran reports

FORTUNE BAY ANNOUNCES GRANT OF STOCK OPTIONS

Fortune Bay Corp.'s board of directors has approved the granting of 1.23 million incentive stock options pursuant to the company's stock option plan to its directors, officers, contractors and employees. Directors and officers were awarded 1.01 million of the options, which are exercisable at a price of 23 cents per share, expire on Jan. 25, 2029, and vest over a three-year period.

About Fortune Bay Corp.

Fortune Bay (TSX Venture Exchange: FOR, Frankfurt Stock Exchange: 5QN and OTCQX: FTBYF) is an exploration and development company with 100-per-cent ownership in two advanced gold exploration projects in Saskatchewan, Canada (Goldfields project), and Chiapas, Mexico (Ixhuatan project), both with exploration and development potential. The company is also advancing the Strike, Murmac, Spruce and Pine uranium exploration projects, in Northern Saskatchewan, which have high-grade potential typical of the Athabasca basin. The company has a goal of building a mid-tier exploration and development company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The company's corporate strategy is driven by a board and management team with a proven record of discovery, project development and value creation.

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