Fortune BAY Announces Grant of Stock Options
TSXV: FOR | FWB: 5QN | OTCQB: FTBYF
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 January 26, 2024 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQB: FTBYF) (“Fortune
Bay” or the “Company”) announces that the board of directors of the Company has approved the granting
of 1,230,000 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 1,010,000 of the
Options which are exercisable at a price of $0.23 per share, expire on January 25, 2029 and vest over a
three-year period.
About Fortune Bay
Fortune Bay Corp. (TSXV:FOR, FWB:5QN, OTCQX:FTBYF) 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 Strike, Murmac, Spruce and Pine uranium exploration projects, in northern
Saskatchewan, 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. Words such as
“expects”, “aims”, “anticipates”, “targets”, “goals”, “projects”, “intends”, “plans”, “believes”, “seeks”,
“estimates”, “continues”, “may”, variations of such words, and similar expressions and references to future
periods, are intended to identify such forward-looking statements.
Since forward-looking statements are based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results will
meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information. Forward looking information in this
news release includes, but is not limited to, the Company’s objectives, goals, intentions or future plans,
statements, exploration results, potential mineralization, timing of the commencement of operations and
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estimates of market conditions. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to failure to identify targets or mineralization, delays
in obtaining or failures to obtain required governmental, environmental or other project approvals, political
risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, inability to
reach access agreements with other Project communities, amendments to applicable mining laws,
uncertainties relating to the availability and costs of financing or partnerships needed in the future, changes
in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the
development of projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, and those risks set out in the Company’s
public documents filed on SEDAR+. Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release are reasonable, undue reliance should not
be placed on such information, which only applies as of the date of this news release, and no assurance
can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law. 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.