Fury Intercepts 11.74 g/t Gold over 6.63 Metres from Infill Drilling at Eau Claire; Commences Phase 2 Drilling

The most recent news (March 17, 2026) reports initial results from the Phase 1 13,000-metre drill program at the flagship Eau Claire project in Quebec. Key highlights include hole 26EC-099, which returned 11.74 g/t gold over 6.63 metres, located 40m down-plunge from previous drilling. The company has completed 21 holes (12,700m) with assays received for approximately 44% of the total meterage. Concurrently, Fury has commenced a larger Phase 2 program (15,000m – 25,000m) focused on converting Inferred resources to Indicated and testing extensions to the current resource envelope.

The news is Routine - Positive. While the grades are high (11.74 g/t), they are consistent with the existing high-grade nature of the Eau Claire deposit (M&I grade of 5.64 g/t). - Predictability: The results confirm the geological model and "predictable" nature of the mineralization, which is essential for the eventual bankable feasibility study. - Resource Growth: The 40m step-out success suggests the "Gap Zone" and down-plunge extensions are likely to add ounces, supporting the 2025 PEA's growth assumptions. - Operational Momentum: Moving immediately into a massive Phase 2 program (up to 25,000m) indicates the company is aggressively pursuing the development timeline outlined in the September 2025 PEA. - Context: This follows a string of positive 2025 milestones, including the Sakami MRE (825k oz) and the C$18M financing, confirming that the company is executing its stated 2026 priorities.

Fury Gold Mines is a Canadian-focused explorer/developer. - Flagship: Eau Claire (Quebec). 2025 PEA highlights: After-tax NPV5% of C$554M, IRR of 41%, and AISC of US$1,140/oz. - Secondary Assets: Committee Bay (Nunavut) hosting 1.2M+ oz Au; Sakami (Quebec) with a new 825k oz Inferred resource; and the Kipawa Rare Earths project.