Fury Gold Mines Unveils New Gold Resource in Quebec With 825,000 Ounces Identified

Fury Gold Mines Limited (TSX:FURY, NYSE:FURY) ("Fury" or the "Company") is pleased to announce an initial inferred mineral resource estimate ("MRE") for the La Pointe Extension target on its wholly owned Sakami gold project ("Sakami" or the "Project"), located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec.

Highlights:

• Inferred Mineral Resource: 23.9 million tonnes (Mt) grading 1.07 grams per tonne (g/t) gold (Au), for 825,000 ounces (oz) (see Table 1).
• Near Surface: All of these ounces are projected to be in-pit within 400 metres (m) of surface.
• MRE Expansion Potential: Resource remains open in all directions. Immediate opportunity to expand the MRE to the northeast and southwest as well as below the current open pit extents where drilling is limited to within 175m of surface (see Figure 1).
  
  
  
  Considerable upside to expand beyond the existing in-pit resources with an initial Mineral Exploration Target at La Pointe ranging between 8.1Mt and 14.7Mt grading 1.57 g/t Au to 1.11 g/t Au (see Table 3).
• Industry-Low Discovery Cost: The La Pointe Extension discovery cost of less than C$9/oz, which includes both Fury's acquisition cost of Quebec Precious Metals Corporation (QPM) (see news release dated April 28, 2025) and the cost of the 2025 Sakami drill program.