Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Investor Presentation (April 2026)
35 slides from Fortune Bay's investor presentation, April 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 APRIL 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 April 1, 2026 CAPITAL STRUCTURE WARRANT PRICING MARKET CAPITALIZATION CASH 68.1M Expiry 08/02/26 Price $0.30 1.36M C$0.65 C$5.3M SHARES ISSUED & 04/23/27 $0.55 4.74M SHARE PRICE Date Proceeds Pricing OUTSTANDING 10/30/27 $1.00 0.44M C$44.3M 10/30/25 $8.0M 1.4M FT @
Slide 5: Why Fortune Bay?
Why Fortune Bay? Significant Gold Resource Strategic Plans to Unlock Experienced and Proven Tight and Supportive Capital Jurisdictional and ESG Base Value Management Team Structure Advantages (~3 Moz)1 Goldfields Project, Saskatchewan • Goldfields – Flagship Focus: • Led by management team with deep
Slide 6: A Focused Canadian Gold Opportunity
A Focused Canadian Gold Opportunity Project Portfolio Strategic Optionality POMA ROSA — Mexico Goldfields1 • Large gold–copper system (historical Flagship Gold Project resource 1.7 Moz gold) • Epithermal + porphyry potential 1.0 Moz Gold Indicated • Established access & infrastructure 0.21 Moz Gold
Slide 7: Attractive Valuation
Attractive Valuation Shares Outstanding – PEA Developers1 1000 Shares (M) 573 598 558 500 426 360 365 345 283 274 293 284 315 224 259 262 258 213 172 172 151 141 123 131 75 99 68 38 0 150 ^ ^ ^ Resource Multiple – PEA Developers1 Enterprise Value (US$) / NI 43-101 MI&I Resources (oz) US$/oz (Au or A
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 S ENSITIVITY U PPE R
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 Goldfields Mineral Resource Statement, effective date September 11, 2025 Tonnes Au Grade Total Au Deposit Category (Mt) (g/t) (000’s oz)
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 15 For further details refer to the Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada (Oct 20, 2025)
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: New Assay Highlights (March 2025) 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 308 m) 6.95 g/t / 2 m (297 to 2
Slide 18: Plans to Unlock Value
Plans to Unlock Value 1. Mineral Resource Growth: Exploration Drilling ► Initial 3,250 m planned (15–20 holes) to test growth potential beyond the Updated PEA mine plan ► Drilling commenced November 2025. Initial drill results expected Q1 2026. 2. Pre-Feasibility Study ► De-risking engineering studi
Slide 19: Why Invest?
Why Invest? Pure-Play Proven High Per-Share Compelling Gold Leverage Team Torque Valuation Corporate focus on Experienced Tight share count, Trading at a steep advancing Goldfields leadership with a track strong insider discount to Goldfields’ and unlocking value. record of discoveries, ownership, d
Slide 20: 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 21: Appendix: Pipeline & Partner-Funded Projects
APPENDIX Pipeline & Partner-Funded Projects 21
Slide 22: 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 parall
Slide 23: Regional Bulls-Eye Magnetic Anomaly
Regional “Bulls-Eye” Magnetic Anomaly Bingham Canyon, USA Mendicino 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 Cobra Panama 4.3GT M&I @ 0.47% Cu eq Poma Rosa sits in a geological setting proven to host Cascabal, Ec
Slide 24: Potential for Major Copper-Gold Discovery
Potential for Major Copper-Gold Discovery A’ ElChichón 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 anhydrite
Slide 25: 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 26: 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 27: Mineral Resource Potential
Mineral Resource Potential Campamento Cerro La Mina Historical Mineral Resources (0.5 g/t cut-off) ► No NI 431-10 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 28: 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 29: Uranium Projects, Saskatchewan
► Partner-funded exploration retaining upside for shareholders (currently 100% owned) Uranium Projects, ► Targeting high-grade Athabasca Basin basement-hosted deposits Saskatchewan ► Favorable geology & structure ► Numerous high-grade (>1% U3O8) surface showings ► Recent drilling discovery of 0.30 %
Slide 30: 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 100 km Significant uranium deposits/developments 30
Slide 31: 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 32: 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 City area Uranium City Strike S22-013 ► Graphitic corridors not targeted (favored hosts for high-g
Slide 33: 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 hectares) The Woods Uranium Projects ► A dominant land position along the Grease River Shear Zone (“GRSZ”) within 30 kms of the Lake Athabasca Athabasc
Slide 34: 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 Athabasca Basin 20 km ► Highest uranium la
Slide 35: The Woods – Potential for Discovery
The Woods – Potential for Discovery Significant U deposits/developments ► Significant Uranium Endowment - Extreme surface SDMI & highlight uranium occurrences 0.39% 430 ppm Historical exploration identified Drill holes U3O8 U uranium anomalism Lake sediments with numerous uranium occurrences of vein