Fury Announces CAD$5 Million Financing Pursuant To Which The Agents Have Agreed To Sell, On A Commercially Reasonable Efforts Agency Basis, Up To 5.32M Common Shares That Will Qualify As "Flow-Through Shares"

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VANCOUVER, British Columbia, May 23, 2024 (GLOBE NEWSWIRE) -- FURY GOLD MINES LIMITED (TSX:FURY, NYSE:FURY) ("Fury" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc., on behalf of itself and a syndicate of agents to be formed (collectively, the "Agents") pursuant to which the Agents have agreed to sell, on a commercially reasonable efforts agency basis, up to 5,320,000 common shares of the Company that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec) (the "FT Shares") at a price of C$0.94 per FT Share (the "Issue Price") to be sold on a charitable flow-through basis, for total gross proceeds to the Company of C$5,000,800 (the "Offering").