Fury Appoints Tim Clark to the Board and Jeffrey Mason as Lead Director
Fury Appoints Tim Clark to the Board and
Jeffrey Mason as Lead Director
TORONTO, ON – March 16, 2021 – Fury Gold Mines Limited (TSX: FURY, NYSE American:
FURY) (“Fury” or the “Company”) announced today the appointment of Mr. Tim Clark, MBA, to the
Board of Directors (“Board”) as an independent director, effective immediately. In addition, the Company
has appointed Jeffrey Mason, CPA, ICD.D, as Lead Director.
Mr. Clark brings 23 years of global capital markets experience with numerous US, European and Canadian
banks, including Barclays Capital, National Bank Financial, Merrill Lynch, Deutsche Bank and most
recently BMO Capital Markets, where he held the role of Managing Director, Institutional Equity Sales.
Over the years, he has developed strong working relationships with Tier 1 institutional inves tors
throughout the United States providing corporate strategy, and peer and financial analysis and insights
on corporate s within the materials, commodities and mining sectors. Mr. Clark holds a Bachelor of
Economics from the University of Massachusetts (Amherst) and a Master of Business Administration in
Finance and Accounting from Vanderbilt University.
Mr. Mason joined the Fury Board upon the Company’s formation in October 2020 bringing with him
extensive experience in the exploration, development, construction and operation of precious and base
metals projects in the Americas, Asia and Afri ca, including 15 years as a principal, Board director and
chief financial officer at the Hunter Dickinson group of companies. He began his career with Deloitte LLP
as a C harted Professional Accountant (CPA), followed by six years at Barrick Gold Corporatio n. Most
recently, he served as Chair of the Board and interim chief executive officer of Great Panther Mining. Mr.
Mason currently serves as an independent director of Torq Resources Inc., Tier One Silver Inc. and
Sombrero Resources Inc.
Blair Schultz, who served as a Board director and member of Fury’s Audit Committee, has resigned from
the Board. Mr. Schultz was instrumental in the formation of Fury in 2020, which included the acquisition
of Eastmain Resources where he served as interim chief executive officer at the time and has contributed
to Fury’s vision and growth strategy.
“As we position Fury for the next phase of growth, we are pleased to welcome Tim Clark to our Board.
Tim brings extensive global capital markets experience within the mining sector, which will compliment
and support many of Fury’s growth strategies. Tim’s Board involvement and input will further on-going
efforts to broaden visibility and diversify the Company’s shareholder base,” commented Ivan Bebek,
Chair of Fury. "On behalf of the Board, I would like to thank Blair for his contributions to Fury’s Board,
especially during the Auryn-Eastmain transaction and transition.”
About Fury Gold Mines Limited
Fury Gold Mines Limited is a Canadian-focused exploration and development company positioned in three
prolific mining regions across the country. Led by a management team and board of directors with proven
success in financing and developing mining assets, Fury intends to grow and advance its multi-million-
ounce gold platform through project development and potential new discoveries. 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, Vice President, Investor Relations
Tel: (778) 729-0600
Email: [email protected]
Website: www.furygoldmines.com
Forward-Looking Information and Additional Cautionary Language
This release includes certain statements that may be deemed to be "forward-looking information" or
"forward-looking statements" within the meaning of applicable securities laws, which relate to the future
operations of the Company and other statements that are not historical facts. Generally, these forward-
looking statements can be ident ified by the use of forward -looking terminology such as "plans",
"expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes", or the
negatives and/or variations of such words and phrases, or state that certain action s, events or results
"may", "could", "would", "might" or "will be taken", "occur", "be achieved" or "has the potential to".
Forward-looking information is information that includes implied future performance and/or forecast
information. Forward-looking information and statements in this release reflects management's current
estimates, predictions, expectations or beliefs regarding future events. Specific forward -looking
information contained in this release, includes information relating to Fury's growth plans.
There can be no assurance that such statements will prove to be accurate, and actual results and future
events could differ materially from those anticipated in such statements. Forward -looking information
reflects the beliefs, opinions and projections on the date such statements are made and are based on a
number of assumptions and estimates that, while considered reasonable at the time, are inherently
subject to significant business, economic, competitive, political and social uncertainties and
contingencies. Such assumptions, which may prove to be incorrect, include: general economic and
industry growth rates; the Company's budget, including expected costs and the assumptions regarding
market conditions; the Company's ability to raise additional capi tal to proceed with its exploration,
development and operations plans; the Company's ability to obtain or renew the licenses and permits
necessary for its current and future operations; and the impact of the COVID-19 pandemic. 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 assurance that such
assumptions and expectations will prove to be correct.
Forward-looking information involves known and unknown risks, uncertainties and other factors which
may cause actual results, performance or achievements of the Company to be materially different (either
positively or negatively) from any future results, performance or achievements expressed or implied by
such forward-looking statements, including risks relating, but not limited, to: the COVID -19 pandemic;
the future price of minerals, including gold and other metals; and the success of the Company's
exploration and development act ivities. Readers should refer to the risks discussed in the Company's
Annual Information Form and MD&A for the year ended December 31, 2019 and subsequent continuous
disclosure filings with the Canadian Securities Administrators available at www.sedar.com and the
Company's Annual Report on Form 40 -F for the year ended December 31, 2019 filed with the United
States Securities and Exchange Commission and available at www.sec.gov. Readers should not place
undue reliance on forward -looking information, which sp eaks only as of the date made. The forward -
looking information contained in this news release is expressly qualified by this cautionary statement.
The forward-looking information and statements contained in this press release represent the Company's
expectations as of the date of this press release or the date indicated. The Company disclaims any
intention or obligation or undertaking to update or revise any forward-looking information or statements
whether as a result of new information, future events or otherwise, except as required under applicable
securities law.
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