Fury Gold Mines Limited announced a non-brokered private placement with a small group of accredited and institutional investors in Canada to issue up to 3,246,753 flow-through common shares of the Company, at a price of CAD 0.77 per Share for total gross proceeds of up to CAD 2,499,999.81 on June 5, 2025. The Offering is expected to close on or about June 19, 2025, subject to execution of subscription agreements and customary closing conditions, including receipt of all necessary approvals, including the approval of the Toronto Stock Exchange and the NYSE American LLC. Although the Offering is not brokered, the Company may pay finder?s fees of up to 6% from its current working capital for assistance with this financing to persons eligible to receive such fees.

All Shares issued pursuant to the Offering will be subject to a statutory hold period of four months and a day from the Closing Date in accordance with applicable Canadian securities laws.