Fury Upsizes Financing to C$3.08 Million

Fury Upsizes Financing to C$3.08 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, June 06, 2025 -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”)

announces that the proposed private placement offering announced June 5, 2025 has been increased from C$2,500,000 to

C$3,080,000. Fury now intends to privately place with a small group of accredited and institutional investors in Canada a total

of 4,000,000 flow-through common shares (the “ Shares”) of the Company, at a price of C$0.77 per Share for total gross

proceeds of C$3,080,000 (the “ Offering”). This offering figure could increase by up to approximately 15.4% if a strategic

investor elects to exercise its pre-emptive participation rights disclosed in a May 27, 2025 news release.

The Offering is expected to close on or about June 19, 2025 (the “ Closing Date ”), subject to execution of subscription

agreements and customary closing conditions, including receipt of all necessary approvals, including the approval of the

Toronto Stock Exchange (“TSX”) and the NYSE American LLC. Other previously announced terms and conditions remain the

same.

The securities offered in the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state

securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States

persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and

applicable U.S. state securities laws. This news release is not an offer to sell or the solicitation of an offer to buy nor shall

there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 11.8 million common share position in Dolly Varden Silver Corp (approximately 14.5% 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 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

Neither the TSX nor its Regulations Services Provider (as that term is defined in the policies of the TSX) accepts responsibility

for the adequacy or accuracy of this news release.

Forward-Looking Statements and Additional Cautionary Language

This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-

looking information herein includes, but is not limited to, statements that address activities, events or developments that Fury

expects or anticipates will or may occur in the future including the success of the Offering, its Closing Date of the Offering,

proposed use of proceeds of the Offering and the tax treatment of the Shares. Although Fury has attempted to identify

important factors that could cause actual actions, events or results to differ materially from those described in forward-looking

information including the speculative nature of mineral exploration and development, fluctuating commodity prices, the future

tax treatment of the Shares, the risks and uncertainties related to the Offering not being completed in the event that the

conditions precedent thereto (including receipt of requisite regulatory approvals) are not satisfied; uncertainties related to

raising sufficient financing in a timely manner and on acceptable terms; and other risks and uncertainties disclosed in our

recent securities filings available at www.sedarplus.ca.

There may also be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There

can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially

from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking

information. Fury does not undertake to update any forward-looking information except in accordance with applicable securities

laws.