Fury Announces Closing of C$18 Million Brokered Financing

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VANCOUVER, Canada, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury” or the “Company”) is pleased to announce the closing of its previously announced brokered private placement of (i) 9,915,000 flow-through units sold to charity purchasers (the “Charity FT Units”) at a price per Charity FT Unit of C$1.21; and (ii) 6,003,000 flow-through shares (the “FT Shares”) at a price per FT Share of C$1.00, for total aggregate gross proceeds of C$18,000,150 (the “Offering”). The Charity FT Units are comprised of (i) one “flow-through” share (each, a “Charity FT Share”), and (ii) one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to purchase one non-flow through common share (a “Warrant Share”) at a price of $1.20 per Warrant Share for a period of 24 months from the date of the closing of the Offering. The Charity FT Units and FT Shares qualify as “flow-through shares” as defined under subsection 66(15) of the Income Tax Act (Canada). The Warrant Shares do not qualify as “flow-through shares”.

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