Fortune BAY Announces Grant of Stock Options
TSXV: FOR | FWB: 5QN
fortunebaycorp.com
NEWS RELEASE
1969 Upper Water Street, Suite 2001, Purdy’s Wharf Tower II, Halifax, NS B3J 3R7 T 902.422.1421 | F 902.491.4281
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FORTUNE BAY ANNOUNCES GRANT OF STOCK OPTIONS
HALIFAX, NS December 17, 2021 – Fortune Bay Corp. (TSXV:FOR, FWB: 5QN) (“Fortune Bay” or the
“Company”) announces that the board of directors of the Company has approved the granting of 1,040,000
incentive stock options (the "Options") pursuant to the Company's Stock Option Plan to its directors,
officers, contractors and employees. Directors and officers were awarded 700,000 of the Options which
are exercisable at a price of $0.70 per share, expire on December 17, 2026 and vest over a three-year
period.
About Fortune Bay
Fortune Bay Corp. (TSXV:FOR, Frankfurt: 5QN) is an exploration and development company with 100%
ownership in two advanced gold exploration projects in Canada, Saskatchewan (Goldfields Project) and
Mexico, Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also
advancing the 100% owned Strike and Murmac uranium exploration projects, located near the Goldfields
Project, which have high-grade potential typical of the Athabasca Basin. The Company has a goal of
building a mid-tier exploration and development Company through the advancement of its existing projects
and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company’s
corporate strategy is driven by a Board and Management team with a proven track record of discovery,
project development and value creation. Further information on Fortune Bay and its assets can be found
on the Company’s website at www.fortunebaycorp.com or by contacting us as [email protected]
or by telephone at 902-334-1919.
On behalf of Fortune Bay Corp.
”Dale Verran”
Chief Executive Officer
902-334-1919
Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this
news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not
guarantees of future performance. Fortune Bay Corp. (“Fortune Bay” or the “Company”) cautions that all forward-looking statements
are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond
Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned
work resulting from weather, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and
realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and
other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment
breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work
programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with
environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune
Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic
and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs,
intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities
legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend,
and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities
legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.