FORTUNE BAY APPOINTS SENIOR MINING ADVISOR AND PROVIDES GOLDFIELDS PROJECT UPDATE

About this update from Cmoc Group Limited Class A

Strengthening the Technical Team as Goldfields Advances Toward Pre-Feasibility HALIFAX, NS, Dec. 18, 2025 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the appointment of Ronald (Ron) Halas, P.Eng., as Senior Mining Advisor for its Goldfields Gold Project in Saskatchewan, and to provide an update on recent exploration and development activities at Goldfields. Highlights: Dale Verran, Chief Executive Officer of Fortune Bay, commented "At Goldfields, we are advancing toward a Pre-Feasibility Study while progressing permitting and stakeholder engagement activities. Ron's appointment comes at an important time for the project. He brings deep, hands-on experience across the lifecycle of gold mining projects, from feasibility studies through mine construction and operations. His practical, execution-focused perspective significantly strengthens our technical team as this work continues." Ron Halas, Senior Mining Advisor, added "Goldfields is an excellent project with strong fundamentals, and I am pleased to be assisting Fortune Bay at a pivotal stage in its advancement. With project development and permitting activities gaining momentum, this is an opportune time to apply my experience in support of Fortune Bay's disciplined approach to project development. I look forward to working closely with the team to help unlock the project's potential." Appointment of Senior Mining Advisor Fortune Bay has appointed Ronald (Ron) Halas, P.Eng., as Senior Mining Advisor for the Goldfields Gold Project. Mr. Halas will work with Fortune Bay on a consulting basis, providing direct input into project development planning and permitting activities as the project advances toward a PFS. Mr. Halas brings more than 35 years of global mining and project development experience, spanning open pit and underground gold mining, feasibility studies, mine construction, permitting, and operations. Most recently, Mr. Halas served as Chief Operating Officer of Lumina Gold Corp., where he led technical and operational activities supporting the advancement of the Cangrejos gold-copper project in Ecuador through feasibility-level studies. Lumina Gold Corp. was subsequently acquired by CMOC Group in 2025, following the completion of key technical milestones. Prior to ...

View stock analysis, news, and events for Cmoc Group Limited Class A