FORTUNE BAY PROVIDES UPDATE ON POMA ROSA PROJECT, CHIAPAS STATE, MEXICO

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[{"type":"text","content":"\n\n\nFORTUNE BAY PROVIDES UPDATE ON POMA ROSA PROJECT, CHIAPAS STATE, MEXICO\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\nCanada NewsWire\n\n\nHALIFAX, NS, Dec. 15, 2025 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (\"Fortune Bay\" or the \"Company\") provides an update regarding recent regulatory developments in the State of Chiapas, Mexico, that may affect the Company's Rio Negro concession (Poma Rosa Project), held through its wholly owned Mexican subsidiary, Linear Gold México, S.A. de C.V.\n\n\n\n\n\n\n\nOn November 19, 2025, the Government of the State of Chiapas published a decree establishing a state-level protected natural area known as the Zona Sujeta a Conservación Ecológica \"Mina Banderas\", located in the Municipality of Pantepec. Based on recent review of the decree and associated mapping, a portion of the designated area overlaps with the Company's Río Negro concession, which remains valid and in good standing under federal Mexican mining law. The overlapping area covers approximately 11% of the Rio Negro concession and includes a portion of the Campamento gold-silver deposit and other nearby exploration target areas.\nThe Company was recently made aware of the protected natural area and the potential implications to the Rio Negro concession, and in response has filed an amparo (constitutional challenge) before the appropriate federal court in Mexico. The amparo challenges the application of the Mina Banderas decree to the Río Negro concession on procedural and constitutional grounds, including matters relating to due process, consultation, and the interaction between state environmental measures and federally granted mining rights. The purpose of the amparo is to preserve the Company's rights under its existing concession while the matter is reviewed by the court.\nDuring 2025 the Company has made significant progress in advancing stakeholder engagement and support for the Poma Rosa Project, including substantive discussion and negotiation with local landowners regarding exploration agreements that would supp...

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