TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) ("Fury" or the "Company") is pleased to announce that is has finalized a number of drill targets at the Sakami gold project located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec (Figure 1). The first phase drilling campaign will commence in late June 2025 and will be comprised of approximately 3,000 – 5,000 metres (m), with three priorities; Historical drilling at Sakami has intercept ...

Group 1 - Fury Gold Mines Limited has increased its proposed private placement offering from C$2,500,000 to C$3,080,000, intending to place 4,000,000 flow-through common shares at a price of C$0.77 per share [1] - The offering is expected to close on or about June 19, 2025, subject to customary closing conditions and necessary approvals from the Toronto Stock Exchange and NYSE American [2] - The offering may increase by approximately 15.4% if a strategic investor exercises its pre-emptive participation rights [1] Group 2 - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant position in Dolly Varden Silver Corp, holding approximately 14.5% of issued shares [4] - The company aims to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence, led by a management team with proven success [4] - Fury is committed to high standards in corporate governance, environmental stewardship, community engagement, and sustainable mining practices [4]

Core Viewpoint - Fury Gold Mines Limited is initiating a private placement of up to 3,246,753 common shares at a price of C$0.77 per share, aiming to raise total gross proceeds of C$2,500,000 to fund eligible Canadian exploration expenses [1][2]. Group 1: Offering Details - The shares will qualify as "flow-through shares" under Canadian tax law, allowing the company to incur eligible exploration expenses in Québec and Nunavut [2]. - The offering is expected to close around June 19, 2025, pending necessary approvals and subscription agreements [3]. - The company may pay finder's fees of up to 6% from its working capital for assistance with the financing [3]. Group 2: Company Overview - Fury Gold Mines Limited is a Canadian-focused exploration company with a significant position in Dolly Varden Silver Corp, holding approximately 14.5% of issued shares [5]. - The company aims to grow its gold platform through rigorous project evaluation and exploration excellence, adhering to high standards of corporate governance and sustainable mining practices [5].

The Meeting will be held on Thursday, June 26, 2025, at 11:00 a.m. (Toronto time) in a virtual-only format. The Meeting Materials are being mailed to Shareholders to provide information about the election of directors and appointment of auditors, detailed instructions about how to vote shares, and how to attend on-line and participate at the Meeting. The Company encourages Shareholders to review the Meeting Materials before voting their shares. The Board of Directors of Fury unanimously recommends that Shar ...

2025 Exploration Program The Committee Bay project spans the entire 300 km long Committee Bay Greenstone belt in the eastern Kitikmeot region of Nunavut. The land package comprises a series of mineral claims and leases covering approximately 250,000 hectares, encompassing the Three Bluffs Gold deposit, more than five advanced gold targets, and several significant gold anomalies. The high-grade Three Bluffs Gold deposit is located centrally within the project and is estimated to contain 524,000 oz. of gold a ...

TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) ("Fury" or the "Company") announces that it has entered into a subscription agreement with Agnico Eagle Mines Limited ("Agnico Eagle") pursuant to which Agnico Eagle has acquired, on a non-brokered private placement basis, 6,728,000 units in the capital of the Company ("Units") at C$0.64 per Unit for gross proceeds of C$4,305,920 (the "Private Placement"). Each Unit consists of one common share of Fury ("Share(s) ...

Exhibit 99.1 CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) FOR THE THREE MONTHS ENDED MARCH 31, 2025 Fury Gold Mines Limited Condensed Interim Consolidated Statements of Financial Position (Expressed in thousands of Canadian dollars - Unaudited) | | | | At March 31 | | At December 31 | | --- | --- | --- | --- | --- | --- | | | Note | | 2025 | | 2024 | | Assets | | | | | | | Current assets: | | | | | | | Cash | | $ | 2,316 | $ | 4,912 | | Marketable securities | 4 | | 2,420 | | 2,358 | | Ot ...

Core Viewpoint - Fury Gold Mines Limited has successfully completed the acquisition of Québec Precious Metals Corporation, enhancing its exploration portfolio in Québec and positioning itself for growth in the gold and critical minerals sectors [1][3][4]. Transaction Details - The acquisition was executed under a court-approved plan, with former QPM shareholders receiving 0.0741 Fury Shares for each QPM Share held, resulting in the issuance of 8,394,137 Fury Shares [2]. - The properties acquired include the Sakami project, Elmer East project, and Kipawa project, totaling over 157,000 hectares [3]. Management Commentary - Fury's CEO Tim Clark emphasized the transformative nature of the transaction, which doubles the company's footprint in the Eeyou Istchee James Bay territory and aims to create a more robust platform for exploration and growth [4]. - QPM's CEO Normand Champigny expressed confidence in the combined company's ability to accelerate exploration efforts, particularly at the Sakami project, leveraging Fury's resources and expertise [4]. Market Impact - Trading of QPM Shares on the TSX Venture Exchange has been halted and will remain so until delisting, expected by April 30, 2025 [4]. - Following the delisting, QPM plans to cease being a reporting issuer in Canada [4]. Company Background - Fury Gold Mines Limited is focused on exploration in Canada, holding a significant position in Dolly Varden Silver Corp and aiming to grow its gold platform through rigorous project evaluation [7]. - QPM has a large land position in the Eeyou Istchee James Bay territory and is advancing its Sakami gold project and a lithium showing on the Elmer East project [10].

Core Viewpoint - Fury Gold Mines Limited has successfully obtained overwhelming shareholder approval for its acquisition of Quebec Precious Metals Corporation, indicating strong support for the transaction and potential growth opportunities for both companies [1][4]. Group 1: Transaction Details - The Arrangement involves Fury Gold acquiring all issued and outstanding QPM Shares at a ratio of 0.0741 Fury Gold Shares for each QPM Share, valuing each QPM Share at approximately C$0.04 based on the 20-day volume weighted average price [1]. - A total of 50,449,020 QPM Shares were represented at the special meeting, constituting 48.67% of the total issued shares, which met the quorum requirement [2]. - The Arrangement Resolution required at least two-thirds (66⅔%) approval from the votes cast, and it received 88.72% support from the shareholders present [3][4]. Group 2: Next Steps and Regulatory Approval - QPM plans to seek a final court order to approve the Arrangement on April 25, 2025, with the transaction expected to close around April 28, 2025, pending customary closing conditions [5]. - Following the completion of the Arrangement, QPM Shares are anticipated to be delisted from the TSXV and the Frankfurt Stock Exchange [5]. Group 3: Company Profiles - Fury Gold Mines Limited is focused on exploration in Canada, holding a significant position in Dolly Varden Silver Corp and aiming to expand its gold platform through rigorous project evaluation [6]. - Quebec Precious Metals Corporation has a substantial land position in the Eeyou Istchee James Bay territory and is advancing its Sakami gold project and a lithium showing on the Elmer East project [7].

Core Viewpoint - Fury Gold Mines Limited has successfully obtained overwhelming shareholder approval for its acquisition of Quebec Precious Metals Corporation, indicating strong support for the transaction and the strategic alignment between the two companies [1][4]. Group 1: Transaction Details - The Arrangement involves Fury Gold acquiring all issued and outstanding QPM Shares at a ratio of 0.0741 Fury Gold Shares for each QPM Share, valuing each QPM Share at approximately C$0.04 based on the 20-day volume weighted average price as of February 25, 2025 [1]. - A total of 50,449,020 QPM Shares were represented at the special meeting, constituting 48.67% of the total issued shares, which met the quorum requirement [2]. - The Arrangement Resolution required at least two-thirds (66⅔%) approval from the votes cast, and it received 88.72% support from the shareholders present [3][4]. Group 2: Next Steps and Regulatory Approval - QPM plans to seek a final order from the Superior Court of Québec on April 25, 2025, to approve the Arrangement, with completion expected around April 28, 2025, subject to customary closing conditions [5]. - Following the completion of the Arrangement, QPM Shares are anticipated to be delisted from the TSXV and the Frankfurt Stock Exchange [5]. Group 3: Company Profiles - Fury Gold Mines Limited is focused on exploration in Canada, holding a significant position in Dolly Varden Silver Corp and aiming to expand its gold platform through rigorous project evaluation [6]. - Quebec Precious Metals Corporation has a substantial land position in the Eeyou Istchee James Bay territory and is advancing its Sakami gold project and a lithium showing on the Elmer East project, along with a 68% interest in the Kipawa rare earths project [7].