Fury Engages Leading Firms to Advance Eau Claire Pre-Feasibility Study Work

Executive Summary

• Fury Gold Mines has engaged SGS Geological Services and BBA Consultants to lead the Pre-Feasibility Study (PFS) for its Eau Claire Gold Project in northern Quebec.
• The PFS will be conducted in accordance with National Instrument 43-101 standards and represents the next developmental phase following the preliminary economic assessment issued in September 2025.
• The engagement formally advances the project toward production, with the objective of refining technical and economic parameters to provide investors with clearer development roadmaps.

Key Details

• Study Type & Standards: Pre-Feasibility Study (PFS) to be completed per National Instrument 43-101 standards.
• Technical Consultants: SGS Geological Services retained for geological modeling and resource estimation; BBA Consultants retained to lead mining, processing, infrastructure, and economic evaluation disciplines.
• Project Location: Eau Claire Gold Project, situated in the Eeyou-Istchee/James Bay region of northern Quebec.
• Prior Assessment: Builds directly upon the preliminary economic assessment previously released in September 2025.
• Corporate Context: Fury Gold Mines holds a 5.8% equity position in Contango Silver and Gold Inc.

Notable Quotes

• “The start of the PFS process marks a significant milestone on the road to production for the Eau Claire project,” said Tim Clark, CEO of Fury. “We are formally engaged and coordinating 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 projects potential.”