Fortune Bay Corp. · TSXV:FOR
Fortune Bay — Investor Presentation (November 2025)
34 slides from Fortune Bay's investor presentation, November 2025
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 NOVEMBER 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 - Goldfields Project Updated NI 43-101 Technical Report & Preliminary Ec
Slide 3: 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 4: Tightly Held, High-Leverage
Tightly Held, High-Leverage As of November 3, 2025 CAPITAL STRUCTURE MARKET CAPITALIZATION INSIDER OWNERSHIP CASH 68.1M C$0.91 17% C$8.7M SHARES ISSUED & SHARE PRICE OUTSTANDING Options: 4.5M l Warrants: 6.6M C$52.9M MARKET CAP. ► Lean share structure positions Fortune Bay for a strong re-rating ► D
Slide 5: Why Fortune Bay?
Why Fortune Bay? Significant Gold Experienced and Strategic Plans to Tight and Supportive Jurisdictional and ESG Resource Base Proven Management Unlock Value Capital Structure Advantages (~3 Moz)1 Team Goldfields Project, Saskatchewan • Goldfields: Advancing toward • Led by management team with • Ap
Slide 6: Our Business Model: Our Assets
Our Business Model Why Fortune Bay? Creating value at the steepest part of the curve Our Assets ~3Moz gold in drill-defined resources Goldfields1 Gold Project 0.99 Moz Gold Indicated 0.21 Moz Gold Inferred CANADA 100%-owned Saskatchewan The Woods4 CANADA Uranium Projects Neu Horizon Option Disciplin
Slide 7: Well-Positioned to Outperform Peers
Well-Positioned to Outperform Peers 1,100 Shares Outstanding – PEA Developers1 1000 841 Shares (M) 670 529 472 441 500 283 308 286 281 245 293 259 263 212 210 195 172 99 164 177 145 146 180 193 68 68 73 0 Resource Multiple – PEA Developers1 Enterprise Value (US$) / NI 43-101 Resources (oz) 150 ^ ^ U
Slide 8: Goldfields Project, Saskatchewan
A De-Risked Gold Project in Canada’s Top Jurisdiction Box historical headframe, mill frame & powerline Goldfields Project, Saskatchewan 8
Slide 9: Overview: A De-Risked Development Platform
Overview: A De-Risked Development Platform De-risked 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, Pow
Slide 10: Updated PEA: Strong Economics, Sensitive to Gold Price
Updated PEA: Strong Economics, 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. SPOT GOL D INTE RM ED IATE CASE US$3,65
Slide 11: Open-Pit Constrained Mineral Resources
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) Box Ind
Slide 12: 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 13: 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 14: Updated PEA: Site Infrastructure
Updated PEA: Site Infrastructure 14 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.
Slide 15: Expedited Path to Production
Expedited Path to Production Additional Well-Developed Commencing In-Province Building Upon Valid Permitting Community Development Permitting 2008 EIS Underway Relationships Engagement 4,950 tpd open-pit scenario Additional approvals to Environmental baseline Exploration Agreement Indigenous Nations
Slide 16: Key Opportunities: Resource Growth
Key Opportunities: Resource Growth 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 (near-surface west) ► Frontier
Slide 17: Advancing with Value Creation Plan
Advancing with Value Creation Plan 1. Mineral Resource Growth: Exploration Drilling ► 2,000–3,000 metre (15–20 holes) - test growth potential beyond the Updated PEA mine plan. 2. Pre-Feasibility Study ► De-risking engineering studies, leveraging extensive historical datasets. ► Work commenced on pos
Slide 18: 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 19: Community Re-Engagement
Community Re-Engagement ► Advancing Consultation: Goal of establishing exploration agreements with communities to support the planned restart of field work Initial Engagement with ► Track Record of Respectful Engagement: Legacy of Community Leadership and Key Completed successful community relations
Slide 20: Regional Bulls-Eye Magnetic Anomaly
Regional “Bulls-Eye” Magnetic Anomaly Bingham Canyon, USA Mendicino Fracture Zone 3.2 GT @ 0.88% Cu 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 21: 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 22: Multiple Opportunities
Multiple Opportunities ► Resource Definition & Expansion C = Carbonate base-metal + Au target ► NI 43-101 Current Resources (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 ► Exploration:
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: 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 30: 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 31: 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 Lake sediments with numerous uranium occurrences of vein
Slide 32: Near-Term Catalysts: Advancing Toward Value Inflection
Near-Term Catalysts: Advancing Toward Value Inflection Goldfields, Saskatchewan 1 Exploration Drilling • Testing growth beyond current mine plan at Box, Athona, and regional targets 2 De-risking Studies toward PFS • Metallurgy, waste characterization, drilling and engineering programs 3 Permitting &
Slide 33: Putting It All Together: Strategic Assets. Aligned Timing. Disciplined Execution.
Putting It All Together: Strategic Assets. Aligned Timing. Disciplined Execution. ► Two Jurisdictions, One Clear Strategy Goldfields anchors near-term value; Poma Rosa delivers scale and discovery upside. ► Validated Economics, Growing Optionality Robust PEA economics, expanding with exploration and
Slide 34: 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