Fortune BAY Provides Update ON Poma Rosa Project, Chiapas State, Mexico
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
FORTUNE BAY PROVIDES UPDATE ON POMA ROSA PROJECT,
CHIAPAS STATE, MEXICO
HALIFAX, NS – December 15, 2025 – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF)
(“Fortune Bay” or the “Company”) provides an update regarding recent regulatory developments in the
State of Chiapas, Mexico, that may affect the Company’s Rio Negro concession (Poma Rosa Project), held
through its wholly owned Mexican subsidiary, Linear Gold México, S.A. de C.V.
On November 19, 2025, the Government of the State of Chiapas published a decree establishing a state -
level protected natural area known as the Zona Sujeta a Conservación Ecológica “Mina Banderas”, located
in the Municipality of Pantepec. Based on recent review of the decree and associated mapping, a portion
of the designated area overlap s with the Company’s Río Negro concession, which remains valid and in
good standing under federal Mexican mining law. The overlapping area covers approximately 11% of the
Rio Negro concession and includes a portion of the Campamento gold -silver deposit and other n earby
exploration target areas.
The Company was recently made aware of the protected natural area and the potential implications to the
Rio Negro concession , and in response has filed an amparo (constitutional challenge) before the
appropriate federal court in Mexico. The amparo challenges the application of the Mina Banderas decree
to the Río Negro concession on procedural and constitutional grounds, including matters relatin g to due
process, consultation, and the interaction between state environmental measures and federally granted
mining rights. The purpose of the amparo is to preserve the Company’s rights under its existing concession
while the matter is reviewed by the court.
During 2025 the Company has made significant progress in advancing stakeholder engagement and
support for the Poma Rosa Project, including substantive discussion and negotiation with local landowners
regarding exploration agreements that would support the resumption of field -based exploration activities.
Engagement to date has been conducted in a respectful and transparent manner and in compliance with
applicable laws. As of the date of this release, the Company does not expect any immediate operational or
financial impact beyond potential timing uncertainty.
Fortune Bay is working closely with Mexican legal counsel to assess the scope and implications of the
decree and the amparo process. The Company will continue to monitor developments and will provide
further updates as appropriate.
About Fortune Bay
Fortune Bay Corp. (TSXV:FOR; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and
development company with assets in Canada and Mexico. The Company’s primary focus is advancing the
Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also ho lds the Poma Rosa Gold-Copper
Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of
Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while
maintaining a strong technical foundation and prudent capital management. For more information, please
visit www.fortunebaycorp.com or contact [email protected].
2
On behalf of Fortune Bay Corp.
”Dale Verran”
Chief Executive Officer
902-334-1919
Cautionary Statement
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, and include, but are not limited to, statements with respect to: the results of
the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV,
IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Pr oject, the
technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the
ongoing ability to work cooperatively with stakeholders, including Indigenous Nations , local Municipalities and local levels of
government. 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 currentl y available to the
Company, the Company provides no assurance that actual results will meet manage ment’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 or future plans, statements, exploration results, po tential
mineralization, the estimation of mineral resources, exploration and mine development plans, 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 min eral resources, failure to convert estimated mineral resources to
reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical
test results, delays in obtaining or failures to obtai n required governmental, environmental or other project approvals, political risks,
inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities , uncertainties relating to the availability and
costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in com modity
prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exp loration 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 obl igation 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.
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accepts responsibility for the adequacy or accuracy of this release.