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To: Goose94 who wrote (113039)	9/22/2021 6:05:27 PM
From: Goose94	Read Replies (1) \| Respond to of 202716

Fury Gold Mines (FURY-T) Announces Cdn$5.025 Million Non-brokered PP Sept 22, '21 - NR Fury Gold Mines Ltd. has arranged a private placement for approximately $5,025,000 from the sale of 6.7 million units of the company at a price of 75 cents per unit. Each Unit will consist of one common share of Fury (a "Common Share") and one common share purchase warrant (each, a "Warrant"). Each Warrant can be exercised to purchase a Common Share (a "Warrant Share") at an exercise price of CAD$1.20 until the date that is three (3) years from the closing date. The expiry date of the Warrants can be accelerated to 30 days by notice from the Company should the Common Shares trade at a price equal to or greater than CAD$1.50 for 20 consecutive trading days. Proceeds from the Offering will be used to fund continued exploration at the Company's Eau Claire project in Quebec and for general working capital. Completion of the Placement may be completed in multiple tranches and is subject to receipt of executed subscription agreements and funds and customary closing conditions including conditional approval from the Toronto Stock Exchange and the NYSE American. The securities issued under the Placement will be subject to a four-month hold period under Canadian securities laws. The Common Shares, the Warrants or the Warrant Shares will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and will not be offered or sold in the United States other than pursuant to available exemptions from the registration requirements of the U.S. Securities Act. Any securities sold to investors in the United States will be "restricted securities" and subject to restrictions on resale under the U.S. Securities Act. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities. About Fury Gold Mines Ltd. Fury Gold Mines Limited is a Canadian-focused gold exploration company positioned in three prolific mining regions across the country. Led by a management team and board of directors with proven success in financing exploration and developing mining assets, Fury intends to grow and advance its multi-million-ounce gold platform through exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For further information on Fury Gold Mines Limited, please contact: Salisha Ilyas Vice President, Investor Relations Tel: (437) 500-2529 Email: info@furygoldmines.com Website: www.furygoldmines.com