Fury intercepts 12.50 g/t Au over 7.02 m outside Eau Claire block

TORONTO, April 23, 2026 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited ( TSX and NYSE American: FURY ) (“ Fury ” or the “ Company ”) is pleased to release the second batch of assay results from the Phase 1 13,000-metre exploration drill program at the Eau Claire gold project (“Eau Claire” or the “Project”), located in the Eeyou Istchee Territory in the James Bay Region of Northern Quebec. Phase 1 drilling was focussed on expanding resources along high-grade shoots and adding continuity to the existing resource outside of the preliminary economic assessment identified stopes. A total of 21 holes (approximately 12,700 metres (“m”)) was completed during Phase 1 drilling, with results received for 11,440 m.

Complete assay results have been received from 18 holes as well as partial results from a 19th hole. Six holes returned significant results, which are highlighted in Table 1 and Figure 1. The key highlight from this batch of results was infill drill hole 26EC‑101, which targeted an inferred portion of the Eau Claire mineral resource.

The hole intersected 12.50 grams per tonne (“g/t”) gold over 7.02 m, approximately 45 m down‑plunge from previously reported drill hole 26EC‑099 (see news release dated March 17, 2026), which is located outside the current Eau Claire block model (Figure 2), demonstrating strong grade continuity and resource growth potential (Figure 3). In addition, drill hole 26EC‑097, which also targeted an inferred portion of the Eau Claire resource, intersected 3.92 g/t gold over 6.92 m, further supporting the potential for resource conversion (Figure 4). “Drilling at Eau Claire continues to reinforce resource continuity and demonstrate resource growth potential outside of the current block model between resource blocks in shallow previously untested areas,” commented Tim Clark, CEO of Fury Gold Mines.

“Phase 2 drilling will continue to de-risk and expand Eau Claire, as we focus on connecting the current mineral resource outside of the PEA mineable porti