Fury Advances Metallurgical Testwork Program at the Eau Claire Gold Project in Quebec

Executive Summary of Latest Release

• Fury Gold Mines has commenced a comprehensive metallurgical testwork program at its 100% owned Eau Claire gold project in Quebec.
• The company engaged SGS Canada Inc. to conduct the program, expected to last approximately three months.
• Primary objectives include optimizing ore processing, characterizing tailings management, and confirming environmental compliance to support feasibility studies.

Evaluation of News Significance

• Expectation Alignment: This announcement is fully consistent with the Preliminary Economic Assessment (PEA) released in September 2025, which outlined metallurgical work as a key next step toward a Pre-Feasibility Study (PFS).
• No New Economics: The release does not provide new grade data, resource estimates, or revised economic metrics. It confirms execution of the previously disclosed roadmap.
• Progress Verification: Following the environmental baseline studies initiated in April 2026 and drilling results from March/April 2026, this metallurgical work represents a logical sequential milestone rather than a disruptive event.

Core Business Focus

• Fury Gold Mines is an exploration and development company focused on gold assets in Quebec and Nunavut.
• The portfolio includes the Eau Claire Gold Project (Quebec), Sakami Gold Project (Quebec), Committee Bay Project (Nunavut), and Elmer East Lithium/Rare Earths project (Quebec).