Ms. Salisha Ilyas reports

FURY FILES TECHNICAL REPORT FOR THE EAU CLAIRE GOLD PROJECT IN QUEBEC

Fury Gold Mines Ltd. has filed a technical report for the Eau Claire gold project, titled "Technical Report -- Preliminary Economic Assessment of the Eau Claire Project, Eeyou Istchee James Bay Region of Quebec, Canada," with an effective date of Aug. 25, 2025.

The 2025 Eau Claire technical report was prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and supports the disclosure made in the company's news release dated Sept. 2, 2025, announcing the results of the preliminary economic assessment.

In addition to the qualified persons named in the Sept. 2, 2025, news release, Maxime Dupere, PGeo, of SGS Geological Services, an independent qualified person as defined by NI 43-101, and Sarah Dean, PGeo, of SGS Geological Services, an independent qualified person as defined by NI 43-101, were added as co-authors of the report. Mr. Dupere had responsibility for the following sections of the report: summary (2024 mineral resource estimate; and adjacent properties), introduction, data verification, mineral resource estimates, adjacent properties, interpretation and conclusion (2024 mineral resource estimate, and risk and opportunities), and recommendations.

Ms. Dean had responsibility for the following sections of the report: summary (property description, location access and physiography; history of exploration and drilling; and geology and mineralization), property description and location, accessibility climate, local resources, infrastructure and physiography, history, geological setting and mineralization, deposit types, exploration, drilling, and interpretation and conclusions (property description).

The report is available on the company's website and under the company's SEDAR+ profile.

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 11.3-million-common-share position in Dolly Varden Silver Corp. (12.9 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.