Mr. Tim Clark reports

FURY ENGAGES LEADING FIRMS TO ADVANCE EAU CLAIRE PRE-FEASIBILITY STUDY WORK

Fury Gold Mines Ltd. has engaged a team of technical consultants to lead the next phase of development for its Eau Claire gold project, located in the Eeyou-Istchee/James Bay region of Northern Quebec. This engagement marks the start of the company's prefeasibility study (PFS) work to be completed in accordance with National Instrument 43-101 standards. The PFS is the continuation of the preliminary economic assessment study issued in 2025 (see news release dated Sept. 2, 2025).

The company has retained the services of SGS Geological Services, recognized for its global expertise in geological modelling and resource estimation and BBA Consultants, a top Canadian engineering firm, to lead all technical study disciplines, including mining, processing, infrastructure and economic evaluation.

"The start of the PFS process marks a significant milestone on the road to production for the Eau Claire project," said Tim Clark, chief executive officer of Fury. "We are formally engaged and co-ordinating with SGS and BBA, both leading geological and engineering firms, with the goal of advancing development plans, providing investors with a clearer understanding of the project's potential."

About Fury Gold Mines Ltd.

Fury Gold Mines is a well-financed, Canadian-focused exploration company advancing the Eau Claire gold project toward development. The company 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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