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FOR.V ·

Fortune BAY Grants Annual Equity Incentive Awards and Share-Based Compensation

Share Capital & Compensation

TSXV: FOR | FWB: 5QN | OTCQB: FTBYF

fortunebaycorp.com

NEWS RELEASE

FORTUNE BAY GRANTS ANNUAL EQUITY INCENTIVE AWARDS AND SHARE-BASED

COMPENSATION

HALIFAX, NS December 5, 202 5 – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF)

(“Fortune Bay” or the “Company”) is pleased to announce t he board of directors of the Company has

approved the granting of 1,490,000 incentive stock options (the "Options") and 150,000 deferred share

units (the “DSUs”) pursuant to the Company's Stock Option Plan and DSU Plan to its directors, officers,

contractors and employees. Directors and officers were awarded 1,210,000 of the Options which are

exercisable at a price of $1.00 per share, expire on December 4, 2030 and vest over a three-year period.

150,000 DSUs were granted to an officer of the Company’s and will vest over a three -year period in

accordance with the Company’s DSU plan.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR ; FWB:5QN; OTCQB:FTBYF) is a gold exploration and development

company advancing high -potential assets in Canada and Mexico. With a strategy focused on discovery,

resource growth and early-stage development, the Company targets value creation at the steepest part of

the Value Creation Curve. Its portfolio includes the development-ready Goldfields Project in Saskatchewan,

the resource-expansion Poma Rosa Project in Mexico, and an optioned uranium portfolio in the Athabasca

Basin providing non-dilutive capital and upsid e exposure. Backed by a technically proven team and tight

capital structure, Fortune Bay is positioned for multiple near -term catalysts. For more information, visit

www.fortunebaycorp.com or contact [email protected].

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 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, po litical

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

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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.