FURY

Drilling Program Announcement: Fury Gold Mines has initiated a 10,000-metre fall/winter drilling program at its Eau Claire Gold Project in Quebec, focusing on resource growth and enhancing the mine plan, with two drill rigs currently active on site.

Kipawa Rare Earths Project Update: The company is also engaging with local communities regarding the Kipawa rare earths project, which has historical reserves of 19.8 million tonnes of rare earth oxides, aiming to establish a community council for collaborative development.

Management's Commitment: CEO Tim Clark expressed excitement about advancing the Eau Claire project towards development and emphasized the importance of working with First Nations and local communities for the Kipawa project.

Forward-Looking Statements: The release includes forward-looking statements regarding future exploration operations, highlighting the inherent risks associated with mineral exploration and the need for caution in relying on such projections.

Private Placement Financing Announcement: Fury Gold Mines Limited has amended its private placement financing agreement to increase the offering size to up to 9,915,000 Charity FT Units and 6,003,000 Traditional FT Shares, aiming for total gross proceeds of up to C$18,000,150.

Use of Proceeds: The funds raised will be allocated to Canadian exploration expenses related to the company's Eau Claire and Committee Bay projects, with all qualifying expenditures to be renounced in favor of the subscribers by December 31, 2025.

Offering Details: The offering is set to close around October 10, 2025, subject to regulatory approvals, and will not be available to U.S. investors due to registration restrictions under U.S. securities laws.

Company Overview: Fury Gold Mines is a Canadian-focused exploration company with a strong management team, committed to sustainable mining practices and aiming to expand its gold platform through rigorous exploration efforts.