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FOR.V ·

Fortune BAY Begins Trading ON OTCQX Market

Listings & Exchange

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 BEGINS TRADING ON OTCQX MARKET

HALIFAX, NS June 27, 2022 – Fortune Bay Corp. (TSXV:FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune

Bay” or the “Company”) is pleased to announce that effective today it has qualified to trade on the OTCQX®

Best Market under the symbol "FTBYF". Fortune Bay upgraded to OTCQX from the Pink® market. Fortune

Bay’s common shares will continue to trade on the TSX Venture Exchange under the symbol FOR and on

the Frankfurt Stock Exchange under the symbol 5QN.

It is anticipated that the trading of Fortune Bay’s shares on the OTCQX will provide greater visibility and

more efficient access to the U.S. financial markets. U.S. investors can find current financial disclosure and

Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Dale Verran, CEO for Fortune Bay, commented, “We are pleased to have begun trading on OTCQX with

the objective of enhancing our liquidity and strengthening our shareholder base. We look forward to

engaging with new U .S. investors as we continue to advance the Company’s mineral exploration and

development projects for the benefit of all stakeholders."

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 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.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and

international securities. Their data-driven disclosure standards form the foundation of three public markets:

OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

OTC Link ® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker -dealers

rely on to facilitate trading. Their innovative model offers companies more efficient access to the U.S.

financial markets.

OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link

LLC, a FINRA and SEC registered broker-dealer, member SIPC.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

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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. 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, COVID-19 restrictions, availability of contractors, logistical, technical or other

factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Ba y'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 inte rruptions,

the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damag e

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 i mplied in

the forward-looking information. Except as required under applicable securities legislation, Fortune Bay und ertakes 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 mor e 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.