Slide 1: Advancing High-Conviction Gold Assets in a Strengthening Market
Gold Exploration and Development ADVANCING HIGH-CONVICTION GOLD ASSETS IN A STRENGTHENING MARKET CORPORATE PRESENTATION TSXV: FOR | FWB: 5QN | OTCQB: FTBYF SEPTEMBER 2025
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 - Results for the Preliminary Economic Assessment (“PEA”) were announced
Slide 3: Why Fortune Bay?
Why Fortune Bay? A High-Conviction Opportunity in a Rising Market When you combine: ► A de-risked, development-ready gold asset (Goldfields) Goldfields1 Gold Project 0.98 Moz Gold Indicated ► A transformational discovery opportunity (Poma Rosa) 0.21 Moz Gold Inferred CANADA 100%-owned Saskatchewan ►
Slide 4: Why Now?
Why Now? ► Gold is regaining momentum as a hedge against inflation, volatility, and geopolitical instability ► Global gold reserve depletion is driving M&A demand from producers ► Capital is starting to flow downstream to juniors with defined ounces and jurisdictional stability ► Fortune Bay is perf
Slide 5: Executing the Curve: How We Maximize Project Returns
Executing the Curve: How We Maximize Project Returns ► Fortune Bay is not a mine builder—we build value at the steepest part of the Lassonde Curve ► Advance projects through discovery, resource expansion, and early development ► Monetize before capex and permitting flatten returns (via M&A, JV buyou
Slide 6: Timing is Everything
Timing is Everything ► Adopting a Cycle-Aware Strategy we aim to identify strategic entry points into commodities poised for upward revaluation ► Through Value Window Optimization, we align capital intensity on our projects with favourable market timing ► Often this requires patience and discipline
Slide 7: Tightly Held, High-Leverage
Tightly Held, High-Leverage As of September 2, 2025 CAPITAL STRUCTURE MARKET CAPITALIZATION INSIDER OWNERSHIP CASH 58.1M C$0.80 17% C$1.3 SHARES ISSUED & SHARE PRICE OUTSTANDING Options: 3.8M l Warrants: 9.3M C$46.5M MARKET CAP. ► Lean share structure positions Fortune Bay for a strong re-rating ► D
Slide 8: Leadership Built for Execution & Value Realization
Leadership Built for Execution & Value Realization Wade Dawe BComm Dale Verran MSc, P.Geo Sarah Oliver CPA CA Gareth Garlick BSc, P.Geo Executive Chairman CEO & Director CFO VP Technical Services +25 years as accomplished entrepreneur, +25 years mining & exploration +15 years accounting and finance
Slide 9: Near-Term Catalysts: Advancing Toward Value Inflection
Near-Term Catalysts: Advancing Toward Value Inflection Goldfields, Saskatchewan 1 • Updated project economics with gold price & optimized development path Updated PEA • Engaged with Ausenco with expected completion in Q3 2025 2 Commence Permitting • Commenced permitting in Q3 2025 to support future
Slide 10: Goldfields Project, Saskatchewan
A De-Risked Gold Project in Canada’s Top Jurisdiction Box historical headframe, mill frame & powerline ► Robust 2022 PEA economics (base case using US$1,650/oz) Goldfields Project, ► Established project infrastructure in historical mining area Permitting well-advanced Saskatchewan ► ► Exploration an
Slide 11: Key Attributes
Key Attributes Established Infrastructure and Access ► Gravel road to site from Uranium City (Provincial highway 962) ► Seasonal ice-road to site from Stony Rapids (Government maintained) ► Barge accessible in summer ► Hydro-power transmission line to site, power stations 40 kilometres from site (co
Slide 12: Open-Pit Constrained Mineral Resources
Open-Pit Constrained Mineral Resources Box Resource Model, PEA Pit – Looking North Goldfields Mineral Resource Statement, effective date September 1, 2022 Tonnes Au Grade Total Au Deposit Category (Mt) (g/t) (000's oz) Box Indicated 15.8 1.44 729.7 Athona Indicated 7.4 1.06 250.2 Total Indicated 23.
Slide 13: 2022 PEA Confirms Strong Economics – Gold Price Adds Torque
2022 PEA Confirms Strong Economics – CURRENT PRICE Gold Price Adds Torque US$3,500/oz Au Refer to news release dated November 1, 2022 for Preliminary Economic Assessment (“PEA”) summary including important technical & financial disclosure and cautionary statement. PEA results are detailed in the NI
Slide 14: 2025 Updated PEA + Permitting Kickoff
2025 Updated PEA + Permitting Kickoff Updated PEA Commenced – April 2025 Initiation of Permitting Activities – May 2025 ► Robust economics from 2022 PEA (Ausenco) using base ► Project development community consultation expected to case gold price of US$1,650/oz commence Q3 2025 ► Dramatic increase i
Slide 15: Resource Expansion and Exploration Potential
Resource Expansion and Exploration Potential Box Mineral Resource Expansion ► Pit expansion into deeper resources possible at higher gold price. ► Deeper drill results suggests presence of higher-grade “shoots”. Additional drilling required to define continuity and assess underground mining economic
Slide 16: 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 17: Poma Rosa Sits in a Geological Setting Proven to Host World-Class Deposits
Regional “Bulls-Eye” Magnetic Anomaly Bingham Canyon, USA Mendicino Fracture Zone 3.2 GT @ 0.88% Cu Poma Rosa Poma Rosa, Mexico Poma Rosa sits in a 1.7 Moz historical gold resource geological setting proven Porphyry Cu-Au target not evaluated to host world-class copper-gold porphyry deposits Cobra P
Slide 18: Potential for Major Copper-Gold Discovery
Potential for Major Copper-Gold Discovery A’ N ElChichón ► Favorable tectonic setting - subduction of a major aseismic ridge Historical Highlights: ► 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-halite) Cerro La
Slide 19: Multiple Opportunities
Multiple Opportunities ► Project Development C = Carbonate base-metal + Au target ► Campamento PEA L = Low sulphide Au-Cu target P = Porphyry/Skarn Cu-Au target ► Resource Definition & Expansion ► Campamento resource expansion ► Cerro La Mina resource definition & expansion Cacate P-8 ► Exploration:
Slide 20: Unexplored Copper Potential
Unexplored Copper Potential Similar copper potential expected to exist at Santa Fe 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 co
Slide 21: Campamento Historical Resources
Campamento Historical Resources Measured & Indicated Historical Mineral Resources (0.5 g/t cut-off) 1.04 Moz gold @ 1.8 g/t M+Ind 4.4 Moz silver @ 7.8 g/t 0.70 Moz gold @ 1.0 g/t Au Inf 2.3 Moz silver @ 3.2 g/t Ag Inferred The mineral resource estimate for Poma Rosa is considered historical in accor
Slide 22: Cerro La Mina Potential Resources & Growth
Cerro La Mina Potential Resources & Growth ► Significant historical drilling (87 drill holes, 30,216 m) ► No NI 431-10 resources estimated to date. Drill spacing has potential to support a future Inferred Mineral Resource Estimate ► Breccia pipe offset by NW-SE fault – northern portion of breccia pi
Slide 23: Community Re-Engagement: Strengthening Trust at Poma Rosa
Community Re-Engagement: Strengthening Trust at Poma Rosa ► Track Record of Respectful Engagement: Legacy of successful community relationships from 2003–2007 Initial Engagement with (via Linear Gold) Community Leadership and Completed Important Stakeholders ► Progress Made: Initial leadership engag
Slide 24: Putting It All Together: Strategic Assets. Aligned Timing. Disciplined Execution.
Putting It All Together: Strategic Assets. Aligned Timing. Disciplined Execution. ► Two advanced gold assets aligned with discovery and development sweet spots ► Clear strategy to maximize returns through timely monetization ► Uranium portfolio adds non-dilutive upside in a rising energy market ► St
Slide 25: Thank you
Attractive Valuation Poised for Growth Scan for more information Thank you Tel: +1 902-334-1919 info@fortunebaycorp.com Follow our Social Channels www.fortunebaycorp.com TSXV: FOR | FWB: 5QN | OTCQB: FTBYF
Slide 26: Appendix: Uranium Projects, Saskatchewan
► Seven high-potential projects APPENDIX ► 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 including grades up to 13.8
Slide 27: High-Potential Uranium Projects
High-Potential Uranium Projects Over 60,000 hectares on the Underexplored NORTHWEST TERRITORIES Northern Rim of the Athabasca Basin SASKATCHEWAN Pine The Woods Strike Birch Uranium Projects Goldfields Spruce Gold Project Fir Aspen Murmac Athabasca Basin 100 km Significant uranium deposits/developmen
Slide 28: 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 29: 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 30: 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 31: 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 32: The Woods – Potential for Discovery
The Woods – Potential for Discovery Significant U deposits/developments ► Significant Uranium Endowment - Extreme surface uranium SDMI & highlight uranium occurrences Historical exploration identified Drill holes 0.39% U3O8 430 ppm U anomalism numerous uranium occurrences of vein- Major faults Lake