Mr. Brian Christie reports

FURY APPOINTS PHILLIPS BAKER AS AN INDEPENDENT DIRECTOR

Fury Gold Mines Ltd. has appointed Phillips S. Baker Jr. to its board of directors as an independent director, effective immediately.

Mr. Baker Jr. has nearly four decades of mining experience, most recently serving as chief executive officer and director of Hecla Mining Company (Hecla) from 2003 until his retirement in 2024. At Hecla, Mr. Baker strengthened the company's position as the largest silver producer in both the United States and Canada through a strategic portfolio of long-lived assets. Mr. Baker has also been a leader in gold mining with numerous operations around the world, including the Casa Berardi gold mine located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec.

Mr. Baker has also served as chair of the board for the United States' National Mining Association from 2017 to 2020. He has held officer or director roles at numerous public companies since 1990. Mr. Baker is recognized in both Canada and the U.S. with awards from CIM (Canadian Institute of Mining) in 2023 and SME in 2017.

"On behalf of the board of directors, I am delighted to welcome Phil to Fury's board. Phil is widely respected across the mining industry and brings deep leadership experience from his work at Hecla, along with a strong track record in operational excellence, innovation, exploration success, safety culture, capital allocation and stakeholder engagement," commented Brian Christie, chair of Fury Gold Mines.

"His perspective will be invaluable as we advance Eau Claire and focus on building long-term value for our shareholders, employees and the communities where we operate."

"I've had a long association with Fury through my relationship with Dolly Varden, and I'm excited to be joining the board," commented Mr. Baker.

"With my experience in building and operating producing companies, I believe Fury's assets in the James Bay region are well positioned to advance toward production -- either with a stand-alone mill or through custom milling -- creating meaningful shareholder value. The company is exceptionally well funded, supported by its strong cash position and Dolly Varden investment. I'm pleased to be joining a team that is poised to deliver significant value for all stakeholders."

About Fury Gold Mines Ltd.

Fury Gold Mines is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across Canada and holds an 11.3 million common share position in Dolly Varden Silver Corp. (12.9 per cent of issued shares). Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multimillion-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining.

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