Mr. Tim Clark reports

FURY COMPLETES CONSOLIDATION OF INTERESTS AT ELEONORE SOUTH GOLD PROJECT

Fury Gold Mines Ltd. has completed the previously announced agreement whereby Fury has purchased Newmont Corp.'s 49.978-per-cent interest in the Eleonore South gold project in Quebec, along with Newmont's 30,392,372 shares of Sirios Resources Inc. (see news release dated Feb. 26, 2024). The Sirios shares have been acquired for investment purposes and Fury will evaluate its investment in Sirios on a continuing basis with respect to any possible additional purchases or dispositions. The Sirios shares represent 10.9 per cent of its issued shares and Fury will file an early warning report on SEDAR+ in respect of the acquisition."

"The consolidation of our interest at Eleonore South is an exciting next step for Fury since the project represents significant potential for new discovery and upside for investors," commented Tim Clark, chief executive officer of Fury. "We are looking forward to further exploration at our Quebec properties this year and will be announcing our program in the coming months."

About Fury Gold Mines Ltd.

Fury Gold Mines is a well-financed, Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds a 59.5-million-common-share position in Dolly Varden Silver Corp (22 per cent 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 multimillion-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.

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