Fury Reports 7.86 g/t Gold Over 9.43 Metres in Infill Drilling at the Eau Claire Gold Project, Quebec

Executive Summary

• Fury Gold Mines announces the completion of its Phase 1 13,000-metre drill program and releases initial assay results from the ongoing Phase 2 program at the Eau Claire gold project in Northern Quebec.
• Phase 1 drilling successfully expanded mineral resources along high-grade shoots and improved continuity outside existing stopes, with all 21 holes (12,700m) completed and assayed.
• Phase 2 drilling is actively converting inferred resources to indicated categories and expanding the resource model, with 14 holes (~7,100m) completed to date and initial assays confirming strong mineralization continuity.

Key Details

• Phase 1 Program: 21 drill holes completed for a total of 12,700m. Focus was on expanding mineral resources along high-grade shoots and improving continuity within the existing resource, particularly outside stopes identified in the preliminary economic assessment (PEA). All assay results have been received.
• Phase 2 Program: Ongoing 15,000–25,000m campaign aimed at converting inferred mineral resources to higher-confidence categories and expanding the indicated resource. 14 drill holes completed (~7,100m), with assay results available for 720m across holes 26EC-107 and 26EC-109.
• Drill Intercepts (Table 1 & Text):
• 26EC-102 (Expansion): 1.5m @ 2.34 g/t Au, 2.0m @ 13.83 g/t Au, 1.0m @ 4.23 g/t Au, 1.0m @ 2.15 g/t Au, 1.0m @ 2.10 g/t Au
• 26EC-103 (Expansion): 1.0m @ 2.76 g/t Au, 9.5m @ 7.86 g/t Au (most significant result, testing ~45m down plunge of a historic intercept in the inferred zone)
• 26EC-107 (Conversion): 1.5m @ 1.60 g/t Au, 1.0m @ 34.20 g/t Au, 2.0m @ 9.17 g/t Au, 7.5m @ 3.79 g/t Au (demonstrates continuity ~50m up plunge from holes 26EC-099 and 26EC-096)
• 26EC-109 (Conversion): No significant intercept
• Intercept Calculation Criteria: Calculated using Au grade × thickness ≥ 2 g/t·m, with a minimum grade of 1 g/t Au and a maximum consecutive dilution of 2m. True thickness was used for all intercept calculations.
• QA/QC & Laboratory: Samples sawed on-site (HQ core), with one half sent to ALS Chemex in Val D’or, Quebec. Assayed via 50g nominal weight fire assay with atomic absorption finish (Au-AA24); results >10 ppm re-assayed with gravimetric finish (Au-GRA22). Multi-element analysis via four acid digest ICP-AES/ICP-MS (ME-MS61). QA/QC protocols (blanks, duplicates, standards) indicate good overall accuracy and precision.
• Technical Approval: Reviewed and approved by Valérie Doyon, P.Geo, Senior Project Geologist, a Qualified Person under NI 43-101.
• Program Timeline: Fully funded Phase 2 campaign continues through summer 2026, with ongoing assays expected to support resource conversion and future economic evaluation.

Notable Quotes

• Tim Clark, CEO: “Drilling at Eau Claire continues to reinforce resource continuity, confirming mineralization remains well developed and predictable within the deposit. We look forward to further de-risking the project with additional drilling being carried out to convert resources into higher confidence categories and expanding the Eau Claire mineralization which should unlock additional value for shareholders.”