Mr. Dale Verran reports

FORTUNE BAY PROVIDES UPDATE ON PARTNER-FUNDED URANIUM EXPLORATION IN SASKATCHEWAN

Fortune Bay Corp. has provided an update on its uranium exploration activities on the northern margin of Saskatchewan's Athabasca basin. Airborne geophysical survey is currently under way at The Woods projects and a drill program at the Murmac project is scheduled to commence in mid-September, 2025. These partner-financed initiatives provide the company with significant discovery exposure in one of the world's premier uranium jurisdictions, complementing its core gold project portfolio.

"Our partner-funded uranium programs at The Woods and Murmac are advancing rapidly, providing shareholders with discovery exposure in one of the world's premier uranium jurisdictions -- at no cost to Fortune Bay. In addition to discovery upside, these programs generate revenue for the company through operator fees, further strengthening our position while we advance our core gold projects," commented Dale Verran, chief executive officer of Fortune Bay.

The Woods projects -- airborne geophysical survey under way

Following the recently announced option agreement with Neu Horizon Uranium Ltd. an extensive airborne geophysical survey is currently under way. Geotech Ltd. is completing a VTEM plus airborne electromagnetic (EM), magnetic, and radiometric survey totalling 2,198 line kilometres across the majority of the projects.

This program targets high-grade uranium mineralization associated with the Grease River shear zone -- a highly prospective structural corridor analogous to settings hosting major basement-hosted deposits elsewhere in the basin (for example, NexGen Energy's Arrow deposit). The integration of EM, magnetic and radiometric data sets will provide a robust targeting platform for basement-hosted uranium deposits, as well as potential Rossing-style intrusive-hosted uranium and rare-earth element (REE) deposits.

A field program is planned for early September to verify historical uranium occurrences, collect mapping and spectrometer data, and investigate geophysical anomalies. This work is expected to define and prioritize multiple drill targets in this highly underexplored region of the basin. Three-year drill permits have been received from the government of Saskatchewan.

Murmac project -- priority target drilling planned for Mid-September

At the Murmac project, also situated on the northern margin of the Athabasca basin and under option to Aero Energy Ltd., planning is under way for a three-hole diamond drilling program to test selected high-priority uranium targets. These targets, located along graphitic conductors within the Armbruster corridor, have been selected based on a combination of historical data, recent geophysics and surface geochemistry. With permits in hand, drilling is scheduled to commence in mid-September, 2025.

Qualified person

The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick, PGeo, technical director of the company, who is a qualified person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the company under NI 43-101.

About Fortune Bay Corp.

Fortune Bay is a gold exploration and development company advancing high-potential assets in Canada and Mexico. With a strategy focused on discovery, resource growth and early stage development, the company targets value creation at the steepest part of the Lassonde Curve -- prior to the capital-intensive build phase. Its portfolio includes the development-ready Goldfields project in Saskatchewan, the resource-expansion Poma Rosa project in Mexico, and an optioned uranium portfolio in the Athabasca basin providing non-dilutive capital and upside exposure. Backed by a technically proven team and tight capital structure, Fortune Bay is positioned for multiple near-term catalysts.

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