Mr. Tim Clark reports

FURY INITIATES ENVIRONMENTAL BASELINE STUDIES AT THE EAU CLAIRE GOLD PROJECT IN QUEBEC

Fury Gold Mines Ltd. has commenced environmental baseline studies at the company's 100-per-cent-held Eau Claire high-grade gold project, located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec. Fury has engaged Wassah, a multidisciplinary firm specializing in environmental services, engineering and forestry. The study, which will be carried out over the next two years, will include field inventories of the various components of the natural and human environments, establishing baseline conditions for a future environmental impact assessment.

"The initiation of environmental baseline studies for Eau Claire is an important step for Fury as we advance technical studies. The findings will guide our development strategy and will allow us to design and operate in a manner that minimizes environmental impact while optimizing Eau Claire's economic potential," commented Tim Clark, chief executive officer of Fury.

The primary goals of the environmental baseline program are to establish a detailed understanding of current environmental conditions prior to development, identify potential environmental impacts, design mitigation measures, support environmental effects predictions and mine planning, provide data for project permitting, and put in place effective monitoring and remediation strategies. This program will form the foundation for required regulatory authorization applications by providing a comprehensive assessment of the environmental conditions, including air, water, soil and biotic resources. These studies are an important part of Eau Claire's mine permitting process.

Founded in 2024, Wassah is a Cree-owned company headquartered in Eastmain in the Eeyou Istchee territory in the James Bay region of Quebec. The firm is the result of an association between a Cree partner and environmental and forestry professionals with many years of experience in private practice. The company boasts a first-rate professional and technical framework with qualified employees and stands out for its solid expertise in relations with local communities and the integration of aboriginal workers into every mandate. Rooted in a sustainable vision and respect for traditional knowledge, Wassah delivers innovative, socially responsible projects that protect and preserve natural ecosystems.

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 5.8-per-cent equity position in Contango Silver and Gold Inc. 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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