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FURY.TO ·

Fury Restarts Drill Program at the Eau Claire Deposit and Percival Prospect

Exploration Programs

Fury Gold Mines Limited

1630 - 1177 West Hastings Street, Vancouver, BC, Canada V6E 2K3

TSX: FURY NYSE American: FURY

www.furygoldmines.com

Fury Restarts Drill Program at the Eau Claire Deposit and Percival

Prospect

VANCOUVER, Canada – July 10, 2023 – Fury Gold Mines Limited (TSX and NYSE American: FURY)

(“Fury” or the “Company”) is pleased to announce that it has restarted exploration activities at the

Eau Claire high-grade gold project located in the Eeyou Istchee Territory in the James Bay region of

Quebec following the easing of the Province’s emergency fire evacuation order. Following the removal

of the prohibition of access to and travel within forests around the Eau Claire project, Fury remobilized

crews to continue the previously announced 2023 exploration drill program focussed on the continued

expansion of both the Eau Claire deposit and the Percival Prospect.

“Our thoughts go out to the communities who were and continue to be affected by the fires in

Quebec. W e are thankful for the quick action and clear communication by the various Quebec

Ministries and Societies to ensure the safety of local residents including the Fury team,” stated Tim

Clark, CEO of Fury. “After a brief pause, we are excited to be drilling again at Eau Claire where we

will co ntinue to follow up on our 2022 successes at our high -priority targets at the Eau Claire

deposit and Percival Prospect. With two drills turning through the summer, we expect drill results

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 (23.4%). 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:

Margaux Villalpando, Manager Investor Relations

Tel: (844) 601-0841

Email: [email protected]

Website: www.furygoldmines.com

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