Fury Gold Mines Limited · TSX:FURY

Fury Gold Mines — BMO Capital Markets Marketing (January 2022)

22 slides from Fury Gold Mines's conference presentation, Jan 26, 2022

  1. Slide 1: Exploring for High-Grade Gold in Canada

    EXPLORING FOR HIGH-GRADE GOLD IN CANADA TSX | NYSE-A: FURY Investor Presentation January 2022

  2. Slide 2: Disclaimer

    Disclaimer Cautionary Notes This 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 accurate as of November 1, 2021, however it is not a pro

  3. Slide 3: Cautionary Note to United States Investors

    Cautionary Note to United States Investors There is no assurance any mineral resources that the Company may report as “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the resource estimates under t

  4. Slide 4: A Highly Undervalued Advanced Canadian Gold Exploration Company

    A Highly Undervalued Advanced Canadian Gold Exploration Company Strategic focus on three high-grade gold projects in Canada Three advanced high quality gold projects in Quebec and Nunavut, Canada Expect to receive 76.5M shares of Dolly Varden Silver upon closing of the Homestake Ridge project transa

  5. Slide 5: Advancing High-Grade, Low-Risk Gold Portfolio

    Advancing High-Grade, Low-Risk Gold Portfolio Committee Bay Nunavut, MRE ‘17 Ind 3: 524,000 oz at 7.85g/t Au Inf 3: 720,000 oz at 7.64 g/t Au Pursuing multi-million ounce discoveries Eau Claire Quebec, PEA‘18 M&I1: 808,000 oz at 6.65 g/t Au Inf 1: 458,000 oz at 7.48 g/t Au Target to multiply with ex

  6. Slide 6: Experienced and Balanced Management Team

    Experienced and Balanced Management Team Management Team TIM CLARK MICHAEL HENRICHSEN BRYAN ATKINSON CEO & Director SVP, Exploration VP, Projects LYNSEY SHERRY SALISHA ILYAS CFO VP, Investor Relations Board of Directors IVAN BEBEK JEFFREY MASON* STEVE COOK* MICHAEL HOFFMAN* SAGA WILLIAMS* Chair Lead

  7. Slide 7: Homestake Ridge Transaction

    Homestake Ridge Transaction Fury to Sell 100% Interest in Homestake Ridge to Dolly Varden Silver Dolly Varden to make a C$5 million cash payment and issue 76,504,590 common shares to Fury • Upon completion of the Transaction, Fury will own approx. 37% of Dolly Varden (share price of C$0.82 on Januar

  8. Slide 8: Environment, Social and Governance

    Environment, Social and Governance Build Upon Existing Relationships to Ensure Meaningful Engagement Fury understands the shared value that mining can bring but also understands its risks and the importance of responsible and sustainable development. The Company strives to maintain the highest stand

  9. Slide 9: Eau Claire – Eeyou Istchee James Bay Region of Quebec

    Eau Claire – Eeyou Istchee James Bay Region of Quebec Excellent Access to Infrastructure Access to power, water and roads 9

  10. Slide 10: Eau Claire – Regional Geology and Targets

    Eau Claire – Regional Geology and Targets 13 High Priority Targets Advancing to Drill Stage Property Scale 30 kilometres of discovery potential along the Cannard deformation corridor Deposit Scale Expand Eau Claire deposit Snake South tonalite Putter 450 zone Target Lac Clarkie Defz Panel A-B-C Agua

  11. Slide 11: Eau Claire – Deposit Trend

    Eau Claire – Deposit Trend Exploration Drilling Continues to Reveal Significant Potential Mineralization is localized along three structures The multiple stacked zones of mineralization encountered in the Hinge and Limb target zones are similar to those intersected within the Eau Claire resource The

  12. Slide 12: Eau Claire – Deposit Trend Long Section

    Eau Claire – Deposit Trend Long Section Resource Remains Open for Expansion in All Directions Exploring three mineralized structures along the deposit trend Deposit is open laterally and at depth 12

  13. Slide 13: Eau Claire – Zone Fold Hinge

    Eau Claire – 850 Zone Fold Hinge Intercepts at the Western Fold Hinge Target Deposit open to the west down plunge All drilling has intersected quartz tourmaline veining and alteration The Eau Claire resource is located within interbedded basaltic units Further exploration drilling planned to test a

  14. Slide 14: Percival Prospect Targeting

    Percival Prospect Targeting 15 targets identified along newly identified structural trend 15 newly identified gold anomalies with associated pathfinder elements Target down plunge on high grade at Percival Additional target indicated by folded magnetic stratigraphy to the east. Historical drilling e

  15. Slide 15: Percival Mineralization Style – Favourable Stratigraphy

    Percival Mineralization Style – Favourable Stratigraphy 3D Magnetics Inversion Mineralization at margin of folded, steeply plunging magnetic stratigraphy Critical grades, critical widths for follow-up Mineralization open to expand down plunge and along parallel fold hinges

  16. Slide 16: Éléonore South JV – Project Location and Targeting

    Éléonore South JV – Project Location and Targeting Large Scale High-Grade Untested Gold in Till Anomaly Land Position: 14,700 ha Fury (38.12%), Newmont (38.11%) and Azimut Exploration (23.77%) - Fury currently acts as manager and operator of the joint venture on behalf of the partners 2021 explorati

  17. Slide 17: 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 Drilled the high-grade Raven shear zone summer 2021 Advanced Exploration Over 270,000 hectares Belt-wide geochem and geophysics complet

  18. Slide 18: Committee Bay – 300-Kilometre Gold Belt

    Committee Bay – 300-Kilometre Gold Belt Multiple Target Centers Offer Significant Discovery Potential 18

  19. Slide 19: Committee Bay – Three Bluffs Deposit

    Committee Bay – Three Bluffs Deposit Exploration Drilling Demonstrates Resource Expansion Potential Significant resource expansion potential – 120-metre stepout open along plunge and down-dip Emerging importance of mineralization in underexplored meta-sediments 19

  20. Slide 20: Upcoming Catalysts and Share Structure

    Upcoming Catalysts and Share Structure Share Structure 8.2M Multiple drill results pending from Eau as of Nov. 12, 2021 Warrants Outstanding Claire and Committee Bay ($1.27 avg. price) 125.7M Geochemical studies at Eau Claire and Shares Outstanding 141.4M Fully Diluted ESJV completed – results pendi

  21. Slide 21: Low-Risk, High-Reward

    Low-risk, high-reward Expanding discoveries High degree of optionality 21

  22. Slide 22: Contact

    Contact: +1 437 500 2529 info@furygoldmines.com www.furygoldmines.com

Fury Gold Mines — BMO Capital Markets Marketing (January 2022) on 6ix