Fury Advances Metallurgical Testwork Program at the Eau Claire Gold Project in Quebec
Fury Advances Metallurgical Testwork Program at the Eau Claire Gold Project
in Quebec
TORONTO, May 19, 2026 -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) is
pleased to announce it has commenced additional metallurgical testwork, to advance the Company’s 100% held Eau Claire
gold project (“Eau Claire ” or the “Project”) further towards feasibility.
Fury has engaged SGS Canada Inc. (SGS) to conduct a comprehensive metallurgical testwork program in support of Eau
Claire feasibility work following on previous testwork referred to in the Project’s Preliminary Economic Assessment (PEA) (see
news release dated September 2, 2025). The program will support feasibility and development planning for the Project, located
in the Eeyou-Istchee/James Bay region of Quebec.
The program, which will have an approximate duration of three months, is being carried out to better understand the
characteristics of the ore, which will allow Fury the option to build a mill or have the ore toll milled. Testwork will complement
the initial metallurgical program completed for the PEA, with the objective of demonstrating repeatability of performance and
providing missing information that is required at the pre feasibility level. The program is expected to provide the data required
to:
• Optimize ore processing : Determine comminution parameters (including grinding work index), evaluate grind size,
and assess beneficiation flowsheets (gravity, flotation, and leaching) to maximize gold recovery.
• Support tailings management : Characterize tailings with respect to environmental performance, solid-liquid
separation, rheology, and paste backfill suitability.
• Confirm environmental compliance : Conduct detailed environmental testing to support adherence to applicable
regulatory requirements.
Results will also provide a strong foundation for developing a complete process flowsheet supported by detailed design criteria,
enabling completion of mass and water balances as well as equipment sizing required for process plant layout and design.
“This metallurgical program will play an important role in our feasibility work, as we continue to advance the Eau
Claire project towards a pathway to production. By focusing on optimizing ore processing and confirming a robust
process flowsheet, we continue to enhance project economics and demonstrate the strong value opportunity for
investors,” commented Tim Clark, CEO of Fury.
About SGS
SGS is the world’s leading Testing, Inspection and Certification company. SGS operates a network of over 2,500 laboratories
and business facilities across 115 countries, supported by a team of over 100,000 dedicated professionals. SGS’ extensive
services help to minimize risk, improve decision making and stakeholder engagement throughout the entire mining value chain
includes commercial and on-site analytical solutions, metallurgy and consulting, process design and engineering, trade
support and sustainability services.
Mario Corchesne, P.Eng. the Company’s VP Project Development, is the Qualified Person who has approved the contents of
this news release.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well-financed Canadian-focused exploration company advancing the Eau Claire gold project
towards development, which holds a 5.8% equity position in Contango Silver and Gold Inc. Led by a management team and
board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-
ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest
industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining.
For more information on Fury Gold Mines, visit www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please contact:
Salisha Ilyas, Investor Relations
Tel:
Email:
Website:
(844) 601-0841
www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
This news release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of
applicable securities laws, which statements relate to the future exploration operations of the Company and may include other
statements that are not historical facts. Specific forward-looking statements contained in this news release includes
information relating to the Company’s ongoing exploration program at the Eau Claire project.
Although the Company believes that the assumptions and expectations reflected in those forward-looking statements were
reasonable at the time such statements were made, there can be no certainty that such assumptions and expectations will
prove to be materially correct. Mineral exploration is a high-risk enterprise.
Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the year ended
December 31, 2025 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at
www.sedarplus.ca and the Company’s Annual Report available at www.sec.gov. Readers should not place heavy reliance on
forward-looking information, which is inherently uncertain.