An anonymous director reports

FURY UPSIZES FINANCING TO C$3.08 MILLION

Fury Gold Mines Ltd. has increased the proposed private placement offering announced June 5, 2025, from $2.5-million to $3.08-million. Fury now intends to privately place with a small group of accredited and institutional investors in Canada a total of four million flow-through common shares of the company at a price of 77 cents per share for total gross proceeds of $3.08-million. This offering figure could increase by up to approximately 15.4 per cent if a strategic investor elects to exercise its pre-emptive participation rights disclosed in a May 27, 2025, news release.

The offering is expected to close on or about June 19, 2025, subject to execution of subscription agreements and customary closing conditions, including the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange (TSX) and the NYSE American. Other previously announced terms and conditions remain the same.

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 an 11.8-million-common-share position in Dolly Varden Silver Corp. (approximately 14.5 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.

We seek Safe Harbor.