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TSX and NYSE American: FURY Fury Gold Mines Provides Update on Precautionary Evacuation of Eau Claire Camp Due to Nearby Wildfire All personnel safely evacuated; exploration activities temporarily suspended as a precautionary measure

Mine Development & Operations Exploration Programs

401 Bay Street, 16th Floor

Toronto, ON, Canada M5H 2Y4

furygoldmines.com

TSX and NYSE American: FURY

Fury Gold Mines Provides Update on Precautionary

Evacuation of Eau Claire Camp Due to Nearby Wildfire

All personnel safely evacuated; exploration activities temporarily suspended as a precautionary measure

TORONTO, Canada – July 15, 2026 – Fury Gold Mines Limited (TSX and NYSE American: FURY)

("Fury" or the " Company") today announce s that, as a precautionary measure, it has evacuated all

personnel from its Eau Claire camp, located in the Eeyou Istchee Territory in the James Bay region of

Northern Quebec, due to a forest fire burning in the vicinity of the site.

The evacuation was carried out in coordination with local authorities and the Company's emergency

response protocols. All employees and contractors have been safely evacuated from the camp, and no

injuries have been reported. Exploration and drilling activ ities at Eau Claire have been temporarily

suspended while the situation is assessed.

The Company is closely monitoring the situation in collaboration with local and provincial fire authorities

and will provide further updates as more information becomes available, including with respect to the

timing of a return to site and any resulting impact on the Company's exploration program at Eau Claire.

"The safety of our people is our top priority," commented Tim Clark, CEO of Fury. "We are grateful to

our team and to local authorities for ensuring an orderly and safe evacuation of the Eau Claire camp.

We will continue to monitor conditions closely and will resume activities at site as soon as it is safe to

do so."

The Company does not currently expect this precautionary suspension to have a material impact on its

previously disclosed Phase 2 drill program at Eau Claire, but will provide a further update once activities

resume and the extent of any delay can be assessed.

About Fury Gold Mines Limited

Fury Gold Mines Limited is a well-financed Canadian-focused exploration company advancing the Eau

Claire gold project towards development, which holds a 5.8% equity position in Contango Silver and

Gold Inc. Led by a management team and board of directors w ith proven success in financing and

advancing exploration assets, Fury intends to grow its gold portfolio 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:

Salisha Ilyas, Investor Relations

Tel: (844) 601-0841

Email: [email protected]

Website: www.furygoldmines.com

Forward-Looking Statements and Additional Cautionary Language

This news release includes certain statements that may be deemed to be "forward-looking statements"

within the meaning of applicable securities laws, which statements relate to, among other things, the

status and duration of the forest fire in the vicinity of the Eau Claire camp, the resumption of exploration

and drilling activities at Eau Claire, and the anticipated impact, if any, of the evacuation and related

suspension of activities on the Company's exploration program and timelines. Such statements ref lect

the Company's current views and are based on certain assumptions and are subject to certain risks and

uncertainties, and are not guarantees of future performance.

Although the Company believes that the assumptions and expectations reflected in those forward -

looking statements are reasonable, there can be no certainty that such assumptions and expectations

will prove to be materially correct. The extent and duration of the wildfire, weather conditions, and

decisions of local and provincial authorities are outside the Company's control and may result in changes

to the information disclosed herein. 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, 2025 and subsequent continuous disclosure filings with the Canadian

Securities Administrators available at www.sedarplus.ca and th e Company's Annual Report available

at www.sec.gov. Readers should not place undue reliance on forward -looking information, which is

inherently uncertain.