Fury Gold Mines Limited · TSX:FURY
Fury Gold Mines — PDAC 2025
32 slides from Fury Gold Mines's conference presentation, March 2025
Slide 1: Exploring for High-Grade Gold in Canada
EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY PDAC 2025 March 2025
Slide 2: Introductory Information
Introductory Information Cautionary Notes This corporate presentation is intended to provide readers with an overview of Fury Gold Mines Limited (the “Company”). The Company has made reasonable efforts to ensure that the information contained in this presentation is current as of February 25, 2025,
Slide 3: Technical and Scientific Information
Technical and Scientific Information The scientific and technical information included herein has been largely derived from the following technical reports prepared in accordance with NI 43-101: (a) the technical report entitled “Mineral Resource Estimate Update for the Eau Claire Project, Eeyou Ist
Slide 4: Striving to be a Best-in-Class Gold Junior
Striving to be a Best-in-Class Gold Junior Strategically Located Well-financed with Canadian Assets in with Large Land Cash and Marketable Low-Risk Jurisdictions Packages Next to Securities Major Producers Road Accessible, High- Strong Capital Markets Grade Gold Resource NYSE-A Listed Relationships
Slide 5: High-Grade Gold Portfolio in Low-Risk Jurisdictions
High-Grade Gold Portfolio in Low-Risk Jurisdictions Committee Bay Nunavut , MRE ‘23 Ind2: 524,000 oz at 7.85g/t Au Inf2: 720,000 oz at 7.64 g/t Au Éléonore South Quebec Exploration stage Eau Claire Quebec, MRE ‘24 M&I1: 1,160,000 oz at 5.64 g/t Au Sakami Inf1: 723,000 oz at 4.13 g/t Au Quebec Dolly
Slide 6: Road Accessible High-Grade Gold Resource in Quebec
Road Accessible High-Grade Gold Resource in Quebec Eeyou Istchee James Bay Region of Quebec World-class Hydro Roads Airports government support for Power mining TSX | NYSE-A: FURY furygoldmines.com | 6
Slide 7: Eau Claire – Multiple Targets Identified
Eau Claire – Multiple Targets Identified Eau Claire Deposit remains open in all directions Ripe for new discovery with a pipeline of targets New discovery at Serendipity TSX | NYSE-A: FURY furygoldmines.com | 7
Slide 8: Eau Claire & Percival Mineral Resource 2024
Eau Claire & Percival Mineral Resource 2024 Since acquiring Eau Claire in 2020, Fury has almost doubled the ounces per metre drilled – adding 7.38 ounces of gold for every meter drilled compared to 4.04oz/m drilled historically on the project Combined Open Pit & Underground Mineral Resource Estimate
Slide 9: Éléonore South – 100% Ownership
Éléonore South – 100% Ownership Exciting Potential for New Discovery TSX | NYSE-A: FURY furygoldmines.com | 9
Slide 10: Éléonore South
Éléonore South Six Éléonore Style Drill Ready Targets TSX | NYSE-A: FURY | 10
Slide 11: Quebec Precious Metals Acquisition
Quebec Precious Metals Acquisition Complimentary Project Portfolio in Quebec Expands scale and diversification with new gold and critical mineral assets in Quebec. Creates synergies and cost savings with Fury’s experienced leadership. QPM shareholders receive 0.0741 Fury shares per QPM share. Implie
Slide 12: Quebec Precious Metals – Sakami Project
Quebec Precious Metals Sakami Project Road Accessible along edge of Hydro Quebec reservoir Long history of exploration – La Pointe Extension only discovered in 2020 12
Slide 13: Sakami Project – Exploration Potential
Quebec Precious Metals Sakami Project – Exploration Potential Undrilled IP Chargeability anomaly along same structure that hosts La Pointe and La Pointe Extension 13
Slide 14: Quebec Precious Metals – Greenfields Projects
Quebec Precious Metals Greenfields Projects Elmer East is proximal to Elmer East – Lloyd Discovery Azimut’s Lac Elmer project and the recent Pawton discovery The Lloyd discover occurs along a 4.2km long E-W gold mineralized structure Recent Li drilling program TSX | NYSE-A: FURY | 14 14
Slide 15: Kipawa and Zeus REE Project
Quebec Precious Metals Kipawa and Zeus REE project Kipawa (68% QPM and 32% IQ) and Zeus (100% QPM) cover 43km2 Kipawa hosts historical reserves of 19.8Mt @ .0411% TREO (Tb and Dy) within a syenite complex REE mineralization occurs at surface and is quarryable Toyotsu Rare Earth Canada holds a 10% NP
Slide 16: Committee Bay – Several Drill Ready Targets
Committee Bay – Several Drill Ready Targets 300 km Long Prospective Greenstone Belt in Nunavut TSX | NYSE-A: FURY | 16
Slide 17: Dolly Varden Silver – Indirect Exposure to BC's Golden Triangle
Dolly Varden Silver Indirect Exposure to BC's Golden Triangle In February 2022, Fury sold the Homestake Ridge project to Dolly Varden Share Monetization (approx.)* Original Sale (76.5M shares): C$45M Monetized by Fury: C$14M Valuation of 51M shares left: C$51.6M Dolly Varden Ownership (approx.)*: Fu
Slide 18: Maintaining the Highest Standards of Environmental Protection and Community Engagement
Maintaining the Highest Standards of Environmental Protection and Community Engagement Environment What Digbee says about us ▪ Stewardship training for project contractors, drillers ▪ Initiating environmental base lines studies at Eau Claire ▪ Renewable energy – Hydro QC EM1 power station 18km away
Slide 19: Corporate Overview
Corporate Overview Capital Structure Ownership (As of January 31, 2025) Retail 56% MARKET CAP C$83.6M Close Associates / High (January 31, 2025) 24% Net Worth Institutional 10% SHARES TSX: FURY 151.9M Newmont 5% OUTSTANDING Agnico 3% OPTIONS 8.3M Management & Directors 2% (C$1.13 avg. price) FULLY D
Slide 20: Upcoming Events
Upcoming Events Q1 2025 Harvard Investors Luncheon Boston, Massachusetts Swiss Mining Institute Conference Zurich, Switzerland Swiss Resource Capital European Non-Deal Roadshow Stockholm, Sweden & London, UK TSX | NYSE-A: FURY | 20
Slide 21: Investment Summary
Investment Summary Canadian assets in low-risk jurisdictions Eau Claire: M&I¹: 1.16M oz at 5.64 g/t Au / Inf¹: 723K oz at 4.13 g/t Au Committee Bay: Ind²: 524K oz at 7.85g/t Au / Inf²: 720K oz at 7.64 g/t Au Well-financed with cash and marketable securities Strategically located large land packages
Slide 22: Appendix
FURY APPENDIX
Slide 23: Experienced and Balanced Management Team
Experienced and Balanced Management Team Management Team TIM CLARK PHIL VAN STADEN BRYAN ATKINSON CEO & Director CFO SVP, Exploration Independent Directors BRIAN CHRISTIE SAGA WILLIAMS MICHAEL HOFFMAN Chair of the Board Managed multiple Indigenous Former VP Projects of Goldcorp Former VP of Investor
Slide 24: Eau Claire Deposit – Updated Mineral Resource Estimate 2024
Eau Claire Deposit Updated Mineral Resource Estimate 2024 Mineral Resource Estimate for the Eau Claire Deposit Category Tonnes Au g/t Contained Au (oz) Measured 1,157,000 5.19 193,000 Open Pit Indicated 1,291,000 4.19 174,000 (base case cut-off grade of 0.5 g/t) Measured & Indicated 2,448,000 4.66 3
Slide 25: Eau Claire Deposit – Resource is Open in All Directions
Eau Claire Deposit Resource is Open in All Directions Eau Claire Resource remains open for further expansion through additional drilling. Eau Claire vein geometry steepened in areas with new data and interpretation. 1. See Eau Claire NI43-101 report “Mineral Resource Estimate Update for the Eau Clai
Slide 26: Percival Deposit – Maiden Mineral Resource Estimate 2024
Percival Deposit – Maiden Mineral Resource Estimate 2024 Significant Potential for Discovery Percival is one of 15+ anomalies along the Percival – Serendipity trend. Linked by existing road infrastructure to the Eau Claire deposit and behaves similarly to Eau Claire mineralization metallurgically Se
Slide 27: Serendipity Prospect – 2024 Drilling Program
Serendipity Prospect – 2024 Drilling Program Robust Structurally Controlled Gold Anomalies Defined 27
Slide 28: Percival - Serendipity Biogeochemical Survey Results
Percival - Serendipity Biogeochemical Survey Results Robust Structurally Controlled Gold Anomalies Defined Focus on structural controls of brecciation Gold correlates with Ag- As-W-Te in breccias Productive structures distal to Au highlighted by: Ag-As-Sb-Te-Pb-Bi-S
Slide 29: Committee Bay – Large-Scale Exploration in Nunavut
Committee Bay – Large-Scale Exploration in Nunavut A Unique Opportunity with World Class Discovery Potential Drilled Three Bluffs deposit extension conductor target Current targeting focused on the emerging importance of shear zones Advanced Exploration Belt-wide geochem and geophysics complete Logi
Slide 30: Committee Bay – Three Bluffs Deposit
Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential 100% ownership of a 300 km greenstone belt (over Three Bluffs Deposit 250,000 ha.) Indicated1: 524k oz at Significant resource expansion potential for large 7.85 g/t Au discovery Inferred1: 720k oz at
Slide 31: Significantly Undervalued High-Grade Gold Resources
Significantly Undervalued High-Grade Gold Resources Among Fury’s peers, the company ranks: Highest open pit Measured & Indicated (M+I) grade Highest Underground (U/G) Inferred grade Highest Open Pit (OP) Inferred grade As of May 21, 2024 M+I Resources Inferred Resources Cash/ Equity Market Cap EV/oz
Slide 32: Contact Information
Contact Information +1 844 601 0841 info@furygoldmines.com www.furygoldmines.com