Fury Commences 2026 Drilling Program at Committee Bay in Nunavut

About this update from Fury Gold Mines Limited

Focused on Resource Growth at Three Bluffs and Antler TORONTO, July 07, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY)  (" Fury " or the " Company ") is pleased to announce that the 2026 drill program is underway at the Committee Bay project (" Committee Bay " or the " Project "), located in the eastern Kitikmeot region of Nunavut, Canada. The Project covers over 235,000 hectares with district-scale discovery potential. The 2026 drill program will comprise approximately 5,000 metres (m) of diamond drilling, focusing on the Three Bluffs deposit and the Antler prospect where past drilling has identified significant gold mineralization (Figure 1). At the Three Bluffs deposit approximately 13 holes will be drilled along approximately one kilometre of strike length with a key focus to infill and expand the known mineral resources (Figure 2). In the 2026 program, three holes are currently planned at the Antler gold zone to test high-priority step-out and infill targets identified through a review of historical drilling. Two previously drilled intersections — hole 16AN044 (9.9 m at 3.19 g/t Au) and hole 11AN042 (13.0 m at 4.0 g/t Au)1 — returned significant gold grades but remain untested along strike and at depth. A resource gap exists above the 2011 intersection, presenting an opportunity for resource expansion in an area of known mineralization. The Antler zone was last drilled in 2016 by a previous operator. Results from the 2026 program are expected to be incorporated into a future updated mineral resource estimate. "We are excited to be returning to Committee Bay in 2026. Our plans this year will focus on areas where we believe additional drilling could expand the Project's mineral resource and potentially add ounces at Antler, which is less than 2km away from the Three Bluffs deposit," commented Tim Clark, CEO of Fury. "The summer program reflects our continued focus on growing ounces at Committee Bay, thereby generating value across Fury's gold portfolio through disciplined technical execution." The planned drilling strategy is focused on maximizing drilling efficiency and increasing drill density in priority areas through a systematic approach. The selected areas required less helicopter time and are less affected by weather-related disruptions, allowing the Company to advance the program more efficiently. The program will also provide additional information on grade variability, which can improve the understanding of geological structure for future exploration and development planning.

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