Fury Gold Uncovers High-Grade Lithium in Quebec—Drill Results Show Up to 3.70% Li2O, More Exploration Ahead

Fury Gold Mines Limited (NYSE:FURY) ("Fury" or the "Company") is pleased to announce drill results from the maiden drill program, totaling 825 metres (m) in 5 holes, on its Ninaaskumuwin lithium discovery at the Elmer East project located in the Eeyou Istchee James Bay region of Quebec (Figure 1). The drilling targeted a spodumene-bearing pegmatite outcrop, which returned surface samples of up to 3.92% Li2O. Highlights from the drill campaign include 32.35m of 1.16% Li2O from EE24-003 and 22.48m of 1.19% Li2O from EE24-002 (Table 1). The lithium mineralized spodumene-bearing pegmatite remains open at depth and along strike, warranting additional drilling.

Highlights:

• Thick spodumene-bearing pegmatite (>32 m in thickness) was intersected in three holes with individual sample grades of up to 3.70% Li2O;
• Drill results confirm the vertical continuity of lithium mineralization to 150 m below surface; and
• The lithium-bearing pegmatite remains open along strike and to depth.