Mr. Tim Clark reports

FURY INTERCEPTS 41.5 METRES OF 1.23 G/T GOLD AT SAKAMI GOLD PROJECT IN QUEBEC

Fury Gold Mines Ltd. has released initial results from the inaugural drill campaign at the Sakami gold project located in the Eeyou Istchee territory in the James Bay region of Northern Quebec. Drill hole 25SK-001 is the first of six holes drilled to date, was designed to test the down plunge extension of gold mineralization intercepted in historical drilling and has intercepted five distinct zones of gold mineralization across a 140-metre drilled length: 4.7 metres of 2.72 grams per tonne gold, 0.5 m of 10.2 g/t gold, 1.5 m of 5.17 g/t gold, 11.8 m of 1.28 g/t gold and 41.5 m of 1.23 g/t gold.

Notably, within the two broader intercepts of 11.8 m and 41.5 m, hosted within intense pervasive silicification, there is a high-grade core that includes intercepts of up to seven m of 3.15 g/t gold. The company has completed a total of 3,160 m of drilling in six drill holes to date, including one at the previously undrilled Juliette target, with another currently under way, and is looking forward to receiving additional results over the coming weeks.

Key take-aways:

• Confirmed continuity of mineralization at La Pointe extension prospect;
• Multiple zones of greater than 1.2 g/t gold mineralization intercepted;
• Identification of high-grade gold core, which appears to strengthen down plunge;
• Wide zones of intense silicification are indicative of a strong mineralization system with potential for significant scale along the 23-kilometre-long targeted structure;
• Results pending from an additional six completed drill holes.

"We are thrilled to announce our first drill results from our ongoing summer campaign at the Sakami project, which we acquired earlier in the year," commented Tim Clark, chief executive officer of Fury. "Our goal was to expand upon historical drilling, add to continuity and target resource grade. As such, we are pleased with a strong start and looking forward to more positive results in the coming weeks."

Sakami project

The Sakami project covers approximately 14,250 hectares 30 kilometres to the east of the paved Billy Diamond Highway. The project straddles the prospective structural corridor marking the contact between the Opinaca and La Grande geological subprovinces, where gold mineralization has been identified over a distance of more than 23 km. Gold mineralization is located at the base of a sulphide-rich horizon within a zone of intense pervasive silicification located along and proximal to regional-scale shearing, marking the contact between the two geological subprovinces.

A total of six diamond drill holes totalling approximately 3,160 m have been completed to date. Five holes have targeted the down plunge and along strike extensions of previously identified gold mineralization across 400 m of strike length at La Pointe extension target. Historical drilling has intercepted gold mineralization across widths of up to 75 m and to a depth of up to 500 m below surface. All five drill holes completed to date at La Pointe extension have intercepted zones of intense silicification with sulphide mineralization typical of the previously identified gold mineralization. The reported intercepts from drill hole 25SK-001, 4.7 m of 2.72 g/t gold, 0.5 m of 10.2 g/t gold, 1.5 m of 5.17 g/t gold, 11.8 m of 1.28 g/t gold and 41.5 m of 1.23 g/t gold, are within 200 to 300 m of surface.

The sixth completed drill hole targeted the undrilled Juliette target, located one km south of La Pointe extension. Juliette has a similar induced polarization geophysical chargeability signature to La Pointe and La Pointe extension targets, and represents an excellent opportunity to discover additional gold mineralization along the highly prospective 23-kilometre-long gold-bearing structure. Drill hole 25SK-006 intercepted a zone of intense silicification with sulphide mineralization, which correlates to the induced polarization chargeability anomaly. Results are pending for this hole.

This first phase of drilling comprises up to 5,000 m of drilling for 2025.

"Fury's systematic, disciplined approach to exploration continues to bear fruit. The knowledge gained from this seasons campaign has given our technical team confidence not only on the continuity and scale of gold mineralization at the La Pointe Extension target but also of the prospectivity of the entire 23.5-kilometre-long structure that first drew us to the Sakami project, which includes the Juliette target one km to the SW of previous drilling, where similar alteration and sulphide mineralization has been intercepted," commented Bryan Atkinson, PGeol, senior vice-president, exploration, of Fury.

Sampling and assaying disclosure

2025 Fury drilling

Analytical samples for the drill program were taken by sawing NQ diameter core into equal halves on site with one-half sent to ALS Chemex in Sudbury, Ont., Canada, for preparation and analysis. All samples were assayed using a 50-gram nominal weight fire assay with inductively coupled plasma-atomic emission spectrometry finish (Au-ICP22) and multielement four-acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-ICP22 results were greater than 0.5 ppm Au, the assay was repeated with a 50-gram nominal weight fire assay with atomic absorption finish (Au-AA24). Samples containing more than 10 parts per million by Au-AA24 were reassayed with 50-gram nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC programs using internal standard samples, field and lab duplicates, and blanks indicate good overall accuracy and precision.

Historical Sakami diamond drilling

Analytical samples were taken by manually splitting NQ diameter core into equal halves on site with one-half being sent to ALS Chemex in Val d'Or, Que., for preparation and analysis. All samples were assayed using a 30-gram nominal weight fire assay with atomic absorption finish (Au-AA24). QA/QC programs using internal standard samples, field and lab duplicates, and blanks indicate good overall accuracy and precision. Fury has completed a review of the historical Sakami drill database and found no significant errors. Reported intervals were calculated using Au grade thickness no less than 2.0 g/t m with grade no less than 1.0 g/t and maximum consecutive dilution two metres. Due to the unknown orientation of the zones, downhole thickness was used.

Fury considered this drill hole to be sufficiently anomalous to warrant its immediate release. Fury expects that it will generally continue to release drill results in batches unless unusual circumstances otherwise warrant.

Valerie Doyon, PGeo, senior project geologist at Fury, is a qualified person within the meaning of Canadian mineral project disclosure standard instrument 43-101, and has reviewed and approved the technical disclosures in this press release.

About Fury Gold Mines Ltd.

Fury 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. (13.5 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 expand 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.