Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Investor Presentation (November 2026)
40 slides from Fortune Bay's investor presentation, November 2026
Slide 1: Developing Saskatchewan's Next Gold Mine
A Focused Canadian Gold Opportunity DEVELOPING SASKATCHEWAN’S NEXT GOLD MINE CORPORATE PRESENTATION TSXV: FOR | FWB: 5QN | OTCQB: FTBYF NOVEMBER 2026
Slide 2: Cautionary Language & Legal Disclaimers
Cautionary Language & Legal Disclaimers Cautionary Statements Technical Reports & Disclosures Information set forth in this presentation contains forward-looking statements that are based on assumptions as of Goldfields Project - Goldfields Project Updated NI 43-101 Technical Report & Preliminary Ec
Slide 3: Leadership Built for Execution
Independent Directors Leadership Built for Execution Robert Shaw MSc Independent Director – Technical Advisor +30 years mineral exploration throughout the Americas Founder & exec. of listed gold companies Instrumental in the discovery of Gramalote, La Colosa and La Quebradona +40 million ounces of g
Slide 4: Tightly Held, High-Leverage
Tightly Held, High-Leverage As of Nov 1, 2026 CAPITAL STRUCTURE WARRANT PRICING MARKET CAPITALIZATION CASH 71.3M Expiry 04/23/27 Price $0.55 3.1M C$0.54 C$4.5M SHARES ISSUED & 10/30/27 $1.00 0.44M SHARE PRICE Date Proceeds Pricing OUTSTANDING C$38M 10/30/25 $8.0M 1.4M FT @ $1.39 Options: 5.4M l Wa
Slide 5: Why Fortune Bay?
Why Fortune Bay? Significant Gold Resource Strategic Plans to Unlock Experienced and Proven Tight and Supportive Capital Jurisdictional and ESG Base Value Management Team Structure Advantages (~3 Moz)1 Goldfields Project, Saskatchewan • Goldfields – Flagship Focus: • Led by management team with deep
Slide 6: A Focused Canadian Gold Opportunity
A Focused Canadian Gold Opportunity Project Portfolio Strategic Optionality POMA ROSA — Mexico Goldfields1 • Large gold–copper system (historical Flagship Gold Project resource 1.7 Moz gold) • Epithermal + porphyry potential 1.0 Moz Gold Indicated • Established access & infrastructure 0.21 Moz Gold
Slide 7: Attractive Valuation
Attractive Valuation Shares Outstanding – PEA Developers 1 1,000.00 676 Shares (M) 659 578 516 512 500.00 446 445 432 439 440 383 361 322 386 283 293 262 293 203 204 190 213 226 152 123 132 136 92 71 101 0.00 150.0 ^ ^ Resource Multiple – PEA Developers 1 Enterprise Value (US$) / NI 43-101 MI&I Reso
Slide 8: Goldfields Project, Saskatchewan
Developing Saskatchewan’s Next Gold Mine Box historical headframe, mill frame & powerline ► Exceptional economics Goldfields Project, ► De-risked pathway Saskatchewan ► Growth potential ► Top-ranked jurisdiction 8
Slide 9: A Uniquely De-Risked Development Platform
A Uniquely De-Risked Development Platform Robust Mineral Resource Base ► 97% Indicated Resources in Updated PEA mine plan ^N 2 km ► Reconciles to within 1% of historical mine production ► Exploration upside Historical mining area ► Gold & uranium Established Infrastructure and Access ► Road, Power,
Slide 10: Updated PEA: Exceptional Economics, Highly Sensitive to Gold Price
Updated PEA: Exceptional Economics, Highly Sensitive to Gold Price For further details refer to the Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada (Oct 20, 2025), available on SEDAR+ and the Company’s website. PRICE SENSITIVITY UPPER CAS
Slide 11: A Clear, Expedited Path to Production
A Clear, Expedited Path to Production Well-Developed Commenced In-Province Building Upon Valid Additional Permitting Community Development Permitting 2008 EIS Underway Relationships Engagement 4,950 tpd open-pit scenario Additional approvals to address: Environmental baseline studies Exploration Agr
Slide 12: Robust Open-Pit Constrained Mineral Resources
Robust Open-Pit Constrained Mineral Resources Box Resource Model, Updated PEA Pit – Looking North ► An updated MRE was completed as part of the Updated PEA by SRK 850 metres Goldfields Mineral Resource Statement, effective date September 11, 2025 Tonnes Au Grade Total Au Deposit Category (Mt) (g/t)
Slide 13: Updated PEA: Mine Design and Production
Updated PEA: Mine Design and Production 3:1 Strip 25.2 Mt 1.2 g/t Au 896 koz Waste : Resource Total Mill Feed Mill Head Grade Total Payable Gold Mine Plan Summary Mill Feed Summary For further details refer to the Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessmen
Slide 14: Updated PEA: Metallurgy & Mineral Processing
Updated PEA: Metallurgy & Mineral Processing SIMPLE MINERALOGY, FREE MILLING GOLD Simplified Process Flowsheet ► Extensive metallurgical testwork dating back to 1939 ► No significant metallurgical or environmental hindrances associated with the mineralization ► Key process design criteria derived fr
Slide 15: Updated PEA: Site Infrastructure
Updated PEA: Site Infrastructure ► Leveraging existing infrastructure & past-producing status ► Minimizing future footprint and disturbance ity mC niu o Ur a k mt 25 15 For further details refer to the Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatche
Slide 16: Resource Growth Potential
Resource Growth Potential Resource Growth: ► Potential to expand the current mineral resources through exploration drilling, unlocking additional upside at Goldfields. Exploration Targets: ► Box (down-dip extensions; underground development potential) ► Athona West (near-surface extensions to open-p
Slide 17: Box Deposit: Down-Dip Expansions
Long-Section (looking northwest) 850 m Box Deposit - 2025 PEA Open Pit Box Deposit: B2 5 -3 B2 B2 46 5-3 5- 348 New Assay Highlights (March 2026) 7 4 B25-348: 4.68 g/t / 3 m (275 to 278 m) Down-Dip B25-347: 5.63 g/t / 3 m (371 to 374 m) 4.55 g/t / 3 m (357 to 360 m) Expansions 3.72 g/t / 3 m (305 to
Slide 18: Box Deposit: Large-Step Out
Box Deposit: Large-Step Out Drill Hole B26-350 • Large 135 metre step- out – the furthest down- dip drill hole to date • Intercept is located 140 metres outside of the current open-pit constrained MRE For further details and technical disclosure refer to the Company’s news release dated April 21, 20
Slide 19: Golden Pond: Extension of Shallow Gold System
OPEN OP EN Golden Pond: Extension of Shallow Gold System ► Located ~2 km NE of Box Deposit ► All holes intersected gold, confirming continuity of the targeted system. ► GP26-02 returned 1.20 g/t Au over 23.2 m from ~10 m below surface, including 4.68 g/t over 3.2 m and 12.20 g/t over 1.0 m. ► Additi
Slide 20: Project Development Update
Project Development Update Goldfields Development Update ► Advancing technical and environmental work toward a Pre-Feasibility Study, building on the 2025 Updated PEA. ► Evaluating a potential lower-capital, staged development approach, while retaining flexibility for future on-site doré production.
Slide 21: Goldfields Processing Options
Goldfields Processing Options Comparing on-site doré production with concentrate production for off-site treatment DORÉ CONCENTRATE 2025 PEA base case Alternative under evaluation Mine & Produce Mine & Ship for off- Ship to Produce prepare doré prepare site refinery concentrate ore on site ore treat
Slide 22: Poma Rosa Update
Poma Rosa Update Top-Tier Gold-Copper Potential ► Geological setting parallels most of the giant porphyry deposits worldwide ► Near-surface gold resource potential: Historical Campamento resource (1.04 Moz Au M&I + 0.70 Moz Au Inf) + Cerro La Mina prospect (sufficient drilling to support maiden reso
Slide 23: Partner-Funded Uranium Exploration
Partner-Funded Uranium Exploration Murmac & Strike Uranium Projects The Woods Uranium Projects Partner: Manhattan Uranium Discovery Corp. (TSXV: MANU) Partner: Neu Horizon Uranium Corp. (AX: NHU) ▸ Option Terms: Manhattan has earned 51% and can increase to 70% ▸ Option Terms: Neu Horizon can earn an
Slide 24: Why Invest?
Why Invest? Advancing Goldfields toward pre-feasibility, with opportunities to reduce initial capital High-Confidence Resource Gold Price Exposure Tier-One Jurisdiction with Growth Potential 100%-owned Goldfields provides Goldfields is located in Saskatchewan, a Approximately 97% of PEA mine plan ex
Slide 25: Thank you
Scan for more information Thank you Tel: +1 902-334-1919 Follow our Social Channels info@fortunebaycorp.com www.fortunebaycorp.com TSXV: FOR | FWB: 5QN | OTCQB: FTBYF
Slide 26: Appendix: Pipeline & Partner-Funded Projects
APPENDIX Pipeline & Partner-Funded Projects 26
Slide 27: Poma Rosa Project, Chiapas State, Mexico
POMA ROSA Top-tier Copper-Gold Potential ► Historical Campamento resource: 1.04 Moz Au (M&I) + 0.70 Moz Au (Inferred) Poma Rosa Project, ► Located in Chiapas, Mexico with road, rail, and airport access Chiapas State, ► 100% owned with no royalties or encumbrances Mexico Geological setting parallels
Slide 28: Regional Bulls-Eye Magnetic Anomaly
Regional “Bulls-Eye” Magnetic Anomaly Bingham Canyon, USA Mendocino Fracture 3.2 GT @ 0.88% Cu Zone Poma Rosa Poma Rosa, Mexico 1.7 Moz historical gold resource Porphyry Cu-Au target not evaluated Cobre Panamá e 4.3GT M&I @ 0.47% Cu eq i dg c R Poma Rosa sits in a geological epe n t setting proven t
Slide 29: Potential for Major Copper-Gold Discovery
Potential for Major Copper-Gold Discovery A’ El Chichón N ► Favorable tectonic setting - subduction of a major aseismic ridge Historical Highlights: Intrusive complex ► Thin reactive cover rocks (limestone Santa Fe skarn: 0.6% Cu, 2.4 g/t Au, 120 g/t Ag and 1.30% Pb (mine average grade) and anhydrit
Slide 30: Multiple Opportunities
Multiple Opportunities ► Resource Definition & Expansion C = Carbonate base-metal + Au target ► NI 43-101 Resource Estimation (Campamento & Cerro La Mina) L = Low sulphide Au-Cu target P = Porphyry/Skarn Cu-Au target ► Resource expansion ► Project Development ► Campamento PEA Cacate P-8 ► Exploratio
Slide 31: Unexplored Copper Potential
Unexplored Copper Potential Drill holes ► Previous exploration focused on gold in the lithocap cover rocks Soil Cu ppm (soil sampling followed by drilling) ► Strong copper mineralization at Cerro La Mina, Caracol & Santa Fe Limestones – large copper system ► Numerous untested soil copper anomalies;
Slide 32: Mineral Resource Potential
Mineral Resource Potential Campamento Cerro La Mina Historical Mineral Resources (0.5 g/t cut-off) ► No NI 43-101 resources estimated to date. ► Drill spacing has potential to support a future Inferred Mineral Resource 1.04 Moz gold @ 1.8 g/t Estimate M+Ind 4.4 Moz silver @ 7.8 g/t 0.70 Moz gold @ 1
Slide 33: Project Status
Project Status ► The Government of Chiapas established a new state-level protected natural area (“Mina Banderas”) in November 2025 that overlaps ~11% of Fortune Bay’s Rio Negro concession, including part of the Campamento gold-silver deposit and nearby targets. ► Fortune Bay holds the Rio Negro conc
Slide 34: Uranium Projects, Saskatchewan
► Partner-funded exploration retaining upside for shareholders ► Targeting high-grade Athabasca Basin basement-hosted deposits Uranium Projects, ► Favorable geology & structure Saskatchewan ► Numerous high-grade (>1% U3O8) surface showings ► Recent drilling discovery of 0.30 % U3O8 over 8.40 m inclu
Slide 35: High-Potential, Partner-Funded Uranium Projects
High-Potential, Partner-Funded Uranium Projects NORTHWEST TERRITORIES SASKATCHEWAN Pine The Woods Strike Birch Uranium Projects Goldfields Spruce Gold Project Fir Aspen Murmac Athabasca Basin MANITOBA ALBERTA 100 km Significant uranium deposits/developments 35
Slide 36: Validated Uranium Targeting Concept
Validated Uranium Targeting Concept ► Targeting high-grade basement-hosted deposits immediately outside present-day Athabasca Basin margin (e.g. Arrow, Triple R, Eagle Point) ► Deposits are associated with graphite-rich basement rocks (EM conductors) and major structures ► Outside of the Basin these
Slide 37: Murmac & Strike - Poised for Shallow, High-Grade Discovery
Murmac & Strike - Poised for Shallow, High-Grade Discovery Historical: Drilling Highlights - All mineralization intersected within 150 m from surface ► Over 70 Mlbs U3O8 produced in Uranium Beaverlodge Uranium City City area Strike s ad or Ro S22-013 ct Graphitic corridors not targeted (favored du ►
Slide 38: A New Frontier for Uranium Discovery
A New Frontier for Uranium Discovery The Woods Uranium Projects NORTHWEST TERRITORIES SASKATCHEWAN ► District-scale opportunity (5 projects, ~40,000 ALBERTA hectares) The Woods Uranium Projects ► A dominant land position along the Grease River Shear Zone (“GRSZ”) within 30 kms of the y Lake Athabasc
Slide 39: The Woods - Highest Lake Sediment U Anomalies in Saskatchewan
The Woods - Highest Lake Sediment U Anomalies in Saskatchewan * Lake sediment uranium anomalism correlates Extreme uranium anomalism in The with major structures & known deposits Woods Projects area The Woods Uranium Projects Athabasca Basin Athabasca Basin Z GRS Athabasca Basin 20 km ► Highest uran
Slide 40: The Woods – Potential for Discovery
The Woods – Potential for Discovery Significant U deposits/developments ► Significant Uranium Endowment - 0.39% Extreme surface SDMI & highlight uranium occurrences 430 ppm Historical exploration identified Drill holes U3O8 U uranium anomalism Lake sediments with numerous uranium occurrences of vein