MONTREAL and TORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- FURY GOLD MINES LIMITED (TSX: FURY, NYSE American: FURY) (“Fury”) is pleased to announce the successful completion of its previously announced transaction with Québec Precious Metals Corporation (“QPM”), previously announced on February 26, 2025, whereby Fury acquired all of the issued and outstanding common shares of QPM (the “QPM Shares”) pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the “Arrangement”).

MONTREAL and TORONTO, April 22, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury”) and Quebec Precious Metals Corporation (TSXV: QPM, FSE: YXEP) (“QPM”) are pleased to announce that, at the special meeting (the “Meeting”) of holders (“QPM Shareholders”) of common shares of QPM (the “QPM Shares”) held today, QPM Shareholders overwhelmingly voted in favour of the special resolution (the “Arrangement Resolution”) to approve the previously announced plan of arrangement (the “Arrangement”) under Section 192 of the Canada Business Corporations Act with Fury Gold Mines Ltd. (“Fury Gold”) pursuant to which Fury Gold will acquire all of the issued and outstanding QPM Shares in exchange for 0.0741 of a Fury Gold common share (each whole common share of Fury Gold, a “Fury Gold Share”) for each QPM Share. Based on the 20-day volume weighted average price of the QPM Shares on the TSX Venture Exchange (“TSXV”) and the Fury Gold Shares on the TSX as of February 25, 2025, the consideration payable by Fury Gold implies a value of C$0.04 for each QPM Share. Further, each (i) option to purchase a QPM Share (an “Option”), (ii) warrant to purchase a QPM Share (a “Warrant”), and (iii) option to purchase a QPM Share granted to certain QPM intermediaries and brokers (a “Broker Option” and collectively with the Options and Warrants, the “Convertible Securities”) outstanding immediately prior to completion of the Arrangement will, upon the holder’s exercise of the applicable Convertible Securities, entitle such holder to receive (and such holder will accept) Fury Gold Shares in lieu of the QPM Shares to which such holder was entitled upon such exercise, and for the same aggregate consideration payable therefore.

MONTREAL and TORONTO, March 26, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury”) and Quebec Precious Metals Corporation (TSXV: QPM, FSE: YXEP) (“QPM”) are pleased to announce that, following the February 26, 2025, announcement of the arrangement agreement (see news release dated February 26, 2025), the acquisition of QPM is moving forward on schedule with an anticipated completion prior to April 30, 2025. QPM has now secured the required no-objection letter from Corporations Canada as well as the interim order from the Quebec Superior Court in connection with convening the QPM shareholders meeting scheduled for April 22, 2025.

MONTREAL and TORONTO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) (“Fury”) and Quebec Precious Metals Corporation (TSXV: QPM, FSE: YXEP, OTC-BB: CJCFF) (“QPM”)  are pleased to announce that they have entered into an arrangement agreement on February 25, 2025 (the “Arrangement Agreement”), pursuant to which Fury has agreed to acquire all of the issued and outstanding common shares of QPM, in exchange for common shares of Fury by way of a plan of arrangement (the “Transaction”). The Transaction will create a combined company that consolidates a prospective gold and critical minerals exploration portfolio totalling over 157,000 hectares in Quebec. Further details of the Transaction are outlined below.

TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX and NYSE American: FURY) (“Fury” or the “Company”) announces that a drill has been mobilized to the greenfield exploration Éléonore South gold project located in the Eeyou Istchee Territory in the James Bay region of Northern Quebec (Figure 1). Drilling will target robust multi-faceted geological, geophysical, and geochemical gold anomalies within the same sedimentary rock package that hosts the Éléonore Mine. The fully funded first phase drilling campaign will comprise approximately 4,000 – 6,000 metres (m) targeting an interpreted fold nose within the Low Formation sediments. Within the prospective folded stratigraphy are six undrilled priority targets spanning over 3 kilometres (km) of strike length that have been identified through a combination of biogeochemical sampling and interpretation of magnetics and electromagnetics survey data (Figure 2)(see news release dated November 12, 2024).

TORONTO, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Fury Gold Mines Limited (TSX: FURY, NYSE American: FURY) ("Fury" or the "Company") is pleased to review the Company's corporate and exploration achievements from the last 12 months. Fury had an active 2024, acquiring 100% interest in the Éléonore South project; announcing an increased Mineral Resource Estimate at the Eau Claire project, adding 307Koz gold (Au) in the Measured and Indicated category (a 36.0% increase) and 223koz Au in the Inferred category (a 44.6% increase); drilling a new discovery at the Serendipity Prospect, intercepting 12.16 g/t Au over 3 metres (m); and ending the year in a position of financial strength with C$5 million in the treasury and 51 million common shares of Dolly Varden Silver.

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