Mr. Dale Verran reports

FORTUNE BAY GRANTS ANNUAL EQUITY INCENTIVE AWARDS AND SHARE-BASED COMPENSATION

Fortune Bay Corp.'s board of directors has approved the granting of 1.49 million incentive stock options and 150,000 deferred share units (DSUs) pursuant to the company's stock option plan and DSU plan to its directors, officers, contractors and employees. Directors and officers were awarded 1.21 million of the options, which are exercisable at a price of $1 per share, expire on Dec. 4, 2030, and vest over a three-year period. One hundred fifty thousand DSUs were granted to an officer of the company and will vest over a three-year period in accordance with the company's DSU plan.

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 value creation curve. 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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