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Fury Gold Announces Shareholder Meeting Proxy Circular, Director Retirement

Management Changes Shareholder Meetings

www.furygoldmines.com

Fury Gold Announces Shareholder Meeting Proxy Circular, Director Retirement

VANCOUVER, Canada – May 24, 2022 – Fury Gold Mines Limited (TSX: FURY, NYSE American:

FURY) (“Fury” or the “Company”) announces that it has filed its shareholders meeting management

information proxy circular (“Circ ular”) for its June 29, 2022 a nnual general shareholders meeting

(“AGM”). The Circular is available for download at www.sedar.com and contains disclosure about the

Company’s goals, governance, performance and compensation policies. The Circular proposes the re-

election of 5 directors for the ensuing year, and the reappointment of its auditors. The Company’s Chair,

Ivan Bebek is retiring from the Board prior to the AGM but will remain supportive in an advisory capacity.

CEO Tim Clark commented “On behalf of the Fury Gold team I want to thank Ivan for the vision and

hard work that led to the creati on of this uniquely Canadian-focus ed advanced multi-project gold

company. His ongoing experience, enthusiasm and support in a less formal advisory role will continue to

be of great value to us.”

Chair Ivan Bebek responded “Under Tim’s leadership Fury Gold is now well capitalized and poised for

growth. I now want to focus on the last of the companies that we spun off from Fury in October 2020,

Coppernico Metals Inc., which I am sure continues to have many shareholders in common with Fury.

Helping to build Fury Gold has been immensely fu lfilling for me and I look forward to continuing my

support to the management team as needed. I also could not be more confident in the Fury Board

members who have taken it so far in such a short period of time.”

About Fury Gold Mines Limited

Fury Gold Mines Limited is a Cana dian-focused exploration company po sitioned in two prolific mining

regions across the country. Led by a management te am 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 exploratio n excellence. Fury is committed to upholding the

highest industry standards for corporate gove rnance, 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:

Margaux Villalpando

Tel: (778) 729-0600

Email: [email protected]

Website: www.furygoldmines.com

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