Fury Completes Consolidation of Interests at Éléonore South Gold Project
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
13986.162608.SRC.24928796.4
Fury Completes Consolidation of Interests at Éléonore South Gold
Project
VANCOUVER, Canada – March 1, 2024 – Fury Gold Mines Limited (TSX and NYSE American: FURY)
(“Fury” or the “Company”) is pleased to announce the completion of the previously announced
agreement whereby Fury has purchased Newmont Corporation’s (“Newmont”) 49.978% interest in
the Éléonore South gold project in Quebec, along with Newmont’s 30,392,372 shares of Sirios
Resources Inc. ( “Sirios”) (see news release dated February 26, 2024 ). The Sirios shares have been
acquired for investment purposes and Fury will evaluate its investment in Sirios on an ongoing basis
with respect to any possible additional purchases or dispositions. The Sirios shares represent 10.9%
of its issued shares and Fury will file an Early Warning Report at www.sedarplus.com in respect of
the acquisition.”
“The consolidation of our interest at Éléonore South is an exciting next step for Fury since the project
represents significant potential for new discovery and upside for investors,” commented Tim Clark,
CEO of Fury. “We are looking forward to further exploration at our Quebec properties this year and
will be announcing our program in the coming months.”
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well -financed Canadian-focused exploration company positioned in two
prolific mining regions across Canada and holds a 59.5 million common share position in Dolly Varden
Silver Corp ( 22% of issued shares ). 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 committ ed to
upholding the highest industry standards for corporate governance, environmental stewardsh ip,
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:
Margaux Villalpando, Manager Investor Relations
Tel: (844) 601-0841
Email: [email protected]
Website: www.furygoldmines.com
Forward-Looking Statements and Additional Cautionary Language
Fury Gold Mines Limited
1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3
TSX: FURY NYSE American: FURY
www.furygoldmines.com
13986.162608.SRC.24928796.4
This 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 th at are not historical facts. Forward -
looking statements contained in this release primarily relate to statements that suggest t hat the
completion of the buy-out between Fury and Newmont will be completed on schedule or at all.
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 mater ially 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, 2022 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.