FORTUNE BAY COMMENCES 2022 FIELD PROGRAMS ON ITS URANIUM AND GOLD PROJECTS IN SASKATCHEWAN

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) ("Fortune Bay" or the "Company") is pleased to announce that Phase 2 exploration drilling has commenced on its Goldfields Gold Project, and a ground gravity survey has begun on its Strike Uranium Project. Both Projects are located in northern Saskatchewan within 25 kilometres of Uranium City where the Company has an established operational base (see Figure 1).

Goldfields Project - Phase 2 Exploration Drilling

Drilling has commenced to test gold exploration targets within the hinge zone of the Goldfields Syncline, between the Box and Athona gold deposits, with the objective of making a new discovery.
An estimated 2,000 metres of diamond drilling is planned to test up to six targets which have been identified from geological and geophysical datasets (see Figure 2), with additional resource expansion drilling at the Box deposit contingent on final assay results from Phase 1 drilling completed during 2021.

Strike Uranium Project – Ground Gravity Survey

A ground gravity survey has commenced over the northern portion of the Project area (approximately 2,600 hectares) to cover the 15 kilometre length extent of the prioritized electromagnetic ("EM") conductors.
Ground gravity results will be utilized to detect favorable clay alteration zones along the EM conductors to further prioritize targets for drilling.
Maiden exploration drilling is planned to commence in mid Q2 2022 and continue into the summer months.

Dale Verran , CEO for Fortune Bay, commented, " The coming year is poised to be an exciting year for the Company as we embark on implementing an expansive set of exploration plans focused on making new discoveries. In this regard, we are pleased to have started our 2022 field programs, commencing with exploration drilling at Goldfields and a ground gravity survey at Strike Uranium. Gold target generation during 2021, and a drill rig on site, has allowed us to commence the 2022 drilling at Goldfields on a compelling set of targets that lie directly between the Box and Athona gold deposits. While this program is ongoing during winter 2022, geophysical surveys at the Strike and Murmac projects are designed to prioritize targets before we commence exploration drilling for high-grade uranium in mid Q2 2022."

Gareth Garlick , Technical Director for Fortune Bay, added, "The lack of drilling along two kilometres of strike between the Box and Athona deposits, that jointly host approximately 1 million ounces in Indicated gold resources, presents a unique exploration opportunity. We believe our team has identified the key geological controls on gold mineralization within the Goldfields Syncline, including stratigraphic position and structural setting, and we are looking forward to results from our Phase 2 drill targets."

For further details on Fortune Bay's exploration plans for 2022 please refer to the Company's News Release dated December 15, 2021 .

Further Details: Goldfields Phase 2 Drill Targets

The Box and Athona gold deposits occur within "Mine Granites" located in similar stratigraphic positions at the base of the Murmac Group within the Goldfields Syncline, providing a preferred "target corridor" to explore for additional gold mineralization at relatively shallow depths. The target corridor has been defined on the basis of surface outcrop mapping and over 350 surface dip/azimuth measurements in the Goldfields area. In addition, both deposits are adjacent to major north-south to northeast-southwest oriented fault systems, which are visible in geophysical survey data, and are evident in topographical data and satellite imagery. These major fault systems are interpreted to have formed conduits for mineralizing fluids, as supported by the spatial association of all known gold occurrences on the Goldfields property with these structures.

The Phase 2 drill program is focused on exploring the defined two kilometre target corridor within the hinge zone of the Goldfields Syncline between the Box and Athona deposits, where there is no previous drilling (see Figure 2). Targets have been prioritized based on proximity to the interpreted major fault systems, while at the same time providing a broad (approximately 500 m spaced) exploratory step-out drill spacing. A single drill hole has also been planned to test a compelling untested resistivity / chargeability anomaly from the Titan IP survey carried out in 2010 (data were reinterpreted during 2021). Phase 2 target areas are typically characterized by significant soil, glacial till or shallow water cover and therefore surface prospecting, current or historical, is of limited or no value to evaluate targets. The Phase 2 drilling is designed to test for gold mineralization that may be buried beneath shallow cover or blind to surface.

The Company is awaiting receipt of final gold assay results from the remaining four drill holes completed at the Box deposit as part of the Phase 1 resource expansion program. The Phase 2 drilling program may be revised contingent on these results.

Qualified Person and Technical Disclosure

The technical and scientific information in this news release has been reviewed and approved by Dale Verran , M.Sc., P.Geo., Chief Executive Officer of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Verran is an employee of Fortune Bay and is not independent of the Company under NI 43-101.

The Goldfields project is host to Indicated Mineral Resources of 975,000 ounces of gold (22.6 million tonnes at an average grade of 1.34 g/t), and Inferred Mineral Resources of 176,000 ounces of gold (6.0 million tonnes at an average grade of 0.92 g/t). Mineral resources are reported at a cut-off grade of 0.3 g/t gold and constrained within a conceptual open-pit shell using a gold price of USD$1,600 /oz. Details regarding the current 2021 Mineral Resource Estimate ("2021 MRE") are provided within the National Instrument 43-101 ("NI 43-101") Technical Report titled "Technical Report: Resource Estimate for the Goldfields Project" with an effective date of May 4, 2021 . The Technical Report was authored by Mr. Cliff Revering , P. Eng., and Dr. Ron Uken , PhD, P. Geo. of SRK Consulting ( Canada ) Inc. ("SRK"), both of whom are Independent Qualified Persons in accordance with the requirements of NI 43-101. The Technical Report supports the 2021 MRE for Goldfields, which includes the Box and Athona gold deposits, and is available on SEDAR and the Company's website.

About Fortune Bay

Fortune Bay Corp. (TSXV:FOR, FWB: 5QN) is an exploration and development company with 100% ownership in two advanced gold exploration projects in Canada , Saskatchewan (Goldfields Project) and Mexico , Chiapas (Ixhuatán Project), both with exploration and development potential. The Company is also advancing the 100% owned Strike and Murmac (previously "Goldfields West") uranium exploration projects, located near the Goldfields Project, which have high-grade potential typical of the Athabasca Basin. The Company has a goal of building a mid-tier exploration and development Company through the advancement of its existing projects and the strategic acquisition of new projects to create a pipeline of growth opportunities. The Company's corporate strategy is driven by a Board and Management team with a proven track record of discovery, project development and value creation. Further information on Fortune Bay and its assets can be found on the Company's website at www.fortunebaycorp.com or by contacting us as info@fortunebaycorp.com or by telephone at 902-334-1919.
On behalf of Fortune Bay Corp.

"Dale Verran"
Chief Executive Officer
902-334-1919

Cautionary Statement Regarding Forward-Looking Information
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Fortune Bay Corp. ("Fortune Bay" or the "Company") cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Fortune Bay's control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, COVID-19 restrictions, availability of contractors, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Fortune Bay's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Fortune Bay, acceptable to it or at all. Fortune Bay is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Fortune Bay undertakes no obligation to publicly update or revise forward-looking information. Fortune Bay does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Fortune Bay Corp.

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Fortune Bay TSXV:FOR Gold Investing

FOR:CA

FORTUNE BAY ANNOUNCES ADDITIONAL URANIUM STAKING AND PROVIDES UPDATE FOR MURMAC AND STRIKE URANIUM PROJECTS

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of two additional uranium projects through staking on the north-central margin of the Athabasca Basin, in proximity to the Company's recently announced Spruce Pine and Aspen Uranium Projects (Figure 1).

Gareth Garlick , Technical Director for Fortune Bay, commented "The acquisition of the Birch and Fir projects adds to our growing uranium portfolio of newly acquired, 100% owned projects on the north-central margin of the Athabasca Basin. This extensive portfolio now totals five new uranium projects covering over 40,000 hectares and provides Fortune Bay with further opportunity to create value through exploration and/or transactional success. The Birch and Fir projects have known uranium endowment with historical occurrences of up to 55.1% U ₃ O ₈ , in addition to Rare Earth Element potential with historical outcrop grades of up to 2.4% Total Rare Earth Elements."

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FORTUNE BAY ACQUIRES THE ASPEN URANIUM PROJECT IN NORTHERN SASKATCHEWAN

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of the Aspen Uranium Project ("Aspen" or the "Project"). The Project is located within the north-central margin of the Athabasca Basin, proximal to the Company's recently announced Spruce Uranium Project and Pine Uranium Project .

Aspen Uranium Project Highlights:

Large-scale land package covering 9,869 hectares located in proximity to the northern rim of the Athabasca Basin (Figure 1).
Includes extensive anomalous uranium results from historical surface sampling, including;
- The highest regional lake sediment uranium anomaly in Saskatchewan of 989 ppm U, within the Geological Survey of Canada data compilation.
- Historical exploration samples collected during the late 1970's identified extensive lake sediment anomalies within the Property, with values averaging 302 ppm U from 439 samples collected, including seven samples with values exceeding 1,000 ppm U (maximum 1,870 ppm U).
- Historical muskeg samples within the Property averaged 2,007 ppm U from 24 samples collected, including a maximum value of 10,400 ppm U.
Historical surface prospecting, limited to areas of outcrop, failed to identify a bedrock source of this uranium anomalism and no drilling has been completed on the Project to date despite compelling support for the possible presence of a uranium deposit/s within the Project area.
The application of modern exploration methods, including high-resolution airborne electromagnetic ("EM") survey, presents an opportunity for discovery in an area where overburden and small lakes cover prospective graphitic lithologies (softer) and structural corridors.

" The surface endowment of uranium across the Aspen Project is extraordinary with values in surface sample media equivalent to, or greater than, uranium ore grades elsewhere in the world. We are excited to apply our team's extensive uranium skill set, together with a modern, systematic exploration approach to unravel the nature, extent and cause of this exceptionally high anomalism with the potential to deliver a near-surface uranium discovery." commented Dale Verran , CEO for Fortune Bay.

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FORTUNE BAY ANNOUNCES ACQUISITION OF THE PINE URANIUM PROJECT IN NORTHERN SASKATCHEWAN

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of the Pine Uranium Project ("Pine" or the "Project") through staking over the past several months. The Project is located within the north-central margin of the Athabasca Basin, proximal to the Company's recently announced Spruce Uranium Project .

Pine Uranium Project Highlights:

Large-scale land package covering 17,688 hectares located in proximity to the northern rim of the Athabasca Basin ("Basin") (Figure 1).
Potential for high-grade, basement-hosted uranium deposits along approximately thirteen (13) kilometres of the Grease River Shear Zone ("GRSZ"), a major structural corridor that hosts the historical Fond du Lac uranium deposit.
Additional potential for bulk tonnage Rössing-style uranium deposits associated with abundant, historically recognized, uranium-bearing leucogranites and pegmatites. Limited historical prospecting yielded Rössing-style surface uranium showings of 0.17% U ₃ O ₈ (1,442 ppm U) and 0.10% U ₃ O ₈ (848 ppm U), and a trenching result of 509 ppm U over 24.7 metres.
No modern airborne radiometric surveying completed over approximately 60% of the Project, and no modern airborne electromagnetic surveying.
Regionally, the area is characterized by the highest lake sediment uranium anomalies in Saskatchewan , including values up to 435 ppm U within the Project area.
No drilling conducted on the property to date.

Dale Verran , CEO for Fortune Bay, commented, " Combined, our Spruce and Pine Uranium Projects cover approximately 20 kilometres of the Grease River Shear Zone, providing Fortune Bay with a dominant land position of this major structural corridor within 25 kilometres of the Athabasca Basin margin. The corridor is significantly underexplored relative to other major, Basin-margin structural corridors that have yielded significant Athabasca Basin-style, basement-hosted uranium discoveries. Historical exploration has demonstrated the corridor to be prospective for basement-hosted mineralization, evidenced by the Fond du Lac uranium deposit and numerous historical uranium occurrences. The potential for Rössing-style uranium deposits adds an additional dimension to the Pine Uranium Project. Average uranium ore grades for the Rössing and Husab open-pit mines in Namibia are in the order of 350 ppm and 500 ppm, respectively. There is a precedent for these grades, and greater, associated with similar rock types historically identified within the Project area. The promising results from regional reconnaissance-style exploration by historical operators, and the extensive nature of the uranium mineralization in lake sediments, highlight the potential for future discovery."

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FORTUNE BAY ANNOUNCES ACQUISITION OF THE SPRUCE URANIUM PROJECT IN NORTHERN SASKATCHEWAN

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the acquisition of the Spruce Uranium Project ("Spruce" or the "Project") through staking over the past several months. The Project is located within the north-central margin of the Athabasca Basin, near the community of Fond du Lac and comprises four mineral claims covering 6,855 hectares (Figure 1).

Highlights:

Located in proximity to the northern rim of the Athabasca Basin ("Basin") with potential for high-grade, basement-hosted uranium deposits.
Covers over six (6) kilometres of prospective strike length along the Grease River Shear Zone ("GRSZ"), a major structural corridor that hosts the historical Fond du Lac uranium deposit.
The GRSZ is significantly underexplored relative to other major, Basin-margin structural corridors that have yielded significant basement-hosted uranium discoveries (e.g. Arrow, Triple R and Eagle Point).
Historical surface uranium showings of 1.60% U ₃ O ₈ and 0.65% U ₃ O ₈ from limited prospecting.
Additional Rare Earth Element ("REE") potential, including historical surface REE showings of 3.13% total rare earth element ("TREE"), 1.23% TREE, 0.88% TREE and 0.85% TREE.
Adjacent to properties held by IsoEnergy Ltd., and Forum Energy Metals Corp. (under option to Traction Uranium Inc.) that recently highlighted prospective conductive trends on the Project through airborne electromagnetic ("EM") surveying.

Dale Verran , CEO for Fortune Bay, commented, " As the uranium market continues to strengthen, with spot prices recently topping US$90 /lb U ₃ O ₈ , investment in uranium exploration in Saskatchewan's prolific Athabasca Basin is on the rise as explorers search for resources to meet the growing future supply deficit. This timely acquisition provides Fortune Bay with another uranium project to create value for our stakeholders. The Spruce Uranium Project hosts the hallmarks for a high-grade basement-hosted discovery; located on a major structural zone in proximity to the Basin margin with a precedent for mineralization, and limited exploration to date."

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FORTUNE BAY ANNOUNCES OPTION AGREEMENT FOR THE MURMAC AND STRIKE URANIUM PROJECTS

Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQX: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement"), dated December 15, 2023, with 1443904 B.C. Ltd. (the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to a 70% interest in the Company's wholly owned Murmac and Strike Uranium Projects (the "Projects") over a three-and-a-half-year period by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares following completion of a going public transaction.

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Lawrence Lepard: "Big Print" Coming — Fully Expect US$5,000 Gold, US$200,000 Bitcoin

Speaking to the Investing News Network, Lawrence Lepard, managing director at EMA, voiced his thoughts on the outlook for gold and Bitcoin as the debt doom loop intensifies in the US.

"I call it a doom loop — it's a vicious circle in the wrong direction, which I believe will ultimately lead to the government having to say, 'Okay, this isn't going to work. We are going to institute yield curve control or QE, or we're going to buy the bonds,'" he explained on the sidelines of the New Orleans Investment Conference.

Lepard believes it's important to hold both gold and Bitcoin, noting that the only wrong allocation is zero.

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Chris Temple, uranium symbol and gold bars.

Chris Temple: Gold's Next Leg Higher, Plus Uranium and Natural Gas in 2025

Chris Temple, founder, editor and publisher of the National Investor, outlined the main factors he sees impacting the gold price heading into 2025, saying the yellow metal will undoubtedly move higher.

In his view, its rise will come as market participants realize how many problems the US economy is facing.

"I think that once that reality sets in, gold will get its next big lease on life and the stock market is going to bog down. I think we're going to see a lot of rotation in the market that will start to favor real assets and real value — away from everybody chasing the same relative handful of stocks as we've seen," Temple explained.

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WGC: Gold to Face Complex Drivers in 2025, Price Likely to Cool After Record-Breaking Year

The World Gold Council (WGC) has released its 2025 gold outlook, highlighting various macroeconomic factors, geopolitical risks and central bank activity as pivotal forces influencing demand and prices.

While 2024 saw gold achieve a stellar performance with a 28 percent annual increase, the outlook for 2025 is characterized by a mix of opportunities and challenges stemming from both global and regional developments.

The yellow metal has benefited from its historical role as a hedge against uncertainty, but the WGC forecasts that its performance next year will depend on other key variables as well.

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Brightstar Resources Managing Director Alex Rovira.

Increased M&A Activity a Win-Win for Gold Sector, Brightstar Resources Exec Says

Following the completion of its acquisition of Alto Metals, Brightstar Resources (ASX:BTR) plans to conduct 50,000 metres of reverse-circulation and diamond drilling, beginning next year, at Alto Metals' approximately 900 square kilometre Sandstone gold project in Western Australia.

In an interview with the Investing News Network, Brightstar Managing Director Alex Rovira outlined the next steps for merging Alto Metals with Brightstar’s assets and the strategy for moving forward.

“From an exploration perspective … it's really focusing on the Sandstone package. We will do near-mine brownfields exploration at our Menzies and Laverton gold projects. And really, the aspiration there is to take a number of those mines toward development decisions,” he said.

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Agnico Eagle and O3 Mining Welcome Gold Fields' Support of Their Friendly Premium Transaction

(All amounts expressed in Canadian dollars unless otherwise noted)

Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (" Agnico Eagle ") and O3 Mining Inc. (TSXV: OIII) (OTCQX: OIIIF) (" O3 Mining ") are pleased to jointly announce that Gold Fields Limited, through a 100% indirect Canadian subsidiary (" Gold Fields "), O3 Mining's largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining (" Common Shares ") into Agnico Eagle's offer to acquire all of the outstanding Common Shares for $1.67 per Common Share in cash by way of a take-over bid (the " Offer "). See O3 Mining and Agnico Eagle's joint news release of December 12, 2024 for a detailed description of the Offer. A copy of the December 12, 2024 joint news release is available at: https:www.agnicoeagle.comEnglishinvestor-relationsnews-and-eventsnews-releasesnews-release-details2024Agnico-Eagle-to-Acquire-O3-Mining-in-Friendly-Transactiondefault.aspx .

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	Lake Sediment Samples	Muskeg Samples	Rock Chip Samples
Number of Samples	439	24	291
Average (U ppm)	302	2,007	7
Max (U ppm)	1,870	10,400	140
Min (U ppm)	1	345	0
Standard Deviation (U ppm)	238	2,225	10

Notes:
(1)	Hunt Falls Uranium Occurrence SDMI# 1598, Fosago Explorations Limited (1974) SMAD 74O09-0001
(2)	Uranerz Lake Sediment Sampling (1977), SMAD (74O09-0019)
(3)	CanAlaska Uranium Ltd. (2011) SMAD 74O08-0076
(4)	CanAlaska Uranium Ltd. (2008) SMAD 74O09-0024
(5)	Acroll Oil Zone A Uranium Showing, Acroll Oil Zone B Uranium Showing, Zone C Uranium Showing or the Brenda Uranium Showing SDMI#1591
(6)	Uranerz Lake Sediment Sampling (1977), SMAD (74O09-0019)
(7)	Fulcrum Metals PLC news release September, 7 2023
(8)	Sample TP012 SDMI# 5376, CanAlaska Uranium Ltd. (2008) SMAD 74O09-0024

Project	SMDI#	Name	Grab Sample Uranium	Description
Spruce	1577	CBS 4422 Trench	0.65% U ₃ O ₈	Cross-cutting pitchblende vein hosted in gneiss, proximal to major mylonitic fault.
	1589	Magma Mines Uranium Showing No. 1	1.60% U ₃ O ₈	Fault-hosted uranium mineralization in a quartzitic biotite gneiss. Three foot channel samples.
	5410	Sample AM076	1,790 ppm U	Rock sample of a white pegmatite outcrop.
	5389	Sample AM086	340 ppm U	Rock sample of an outcrop (unspecified rock type).
	5411	Sample JR355	545 ppm U	Rock sample of a granite outcrop.
	3324	Samples TP150 & TP151	764 ppm U	Rock samples from a white granite outcrop. Sample TP150 also contained 1,849 ppm TREE.
Adjacent Property	1579	CBS 4427 Uranium Occurrence	0.11% U ₃ O ₈	Geochemical sample from lake sediment.
	1590	BURNS Claims Trenches	0.17% U ₃ O ₈	Trench samples from pegmatite with yellow staining, samples from all the trenches averaged 0.12% U ₃ O ₈ .
	3329	Samples CH129, CH130, CH132, JF011, JF027, RD305, RD306	>10,000 ppm U	Samples from white and pink pegmatite outcrops.
	5637	Sample AM122	8,382 ppm U	Sample from a white granite boulder.
Fond du Lac	1572	The Fond Du Lac Uranium Deposit is located approximately 30 kilometres southwest of the Project, along the Grease River Shear Zone, and was discovered by Famok Ltd in the early 1970's. The deposit comprises coffinite, pitchblende, and uraniferous goethite hosted within steeply dipping fractures within Athabasca Group basal sandstone and extending into the underlying basement rocks. A historical mineral resource of one million pounds uranium at an average grade of 0.25% U ₃ O ₈ was estimated but was not prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

	Cash (C$)	Consideration Shares (C$)	Exploration Expenditures (C$)	Interest Earned
Signing of the Agreement (the " Execution Date ")	$200,000 ⁽¹⁾	$200,000 ⁽²⁾	Nil
12 month anniversary of Execution Date	$200,000	$200,000 ⁽³⁾	$1,000,000
24 month anniversary of Execution Date	$250,000	$250,000 ⁽³⁾	$2,000,000
*Total (First Option)*	$650,000	$650,000	$3,000,000	51 %
36 month anniversary of Execution Date	$300,000	$300,000 ⁽³⁾	$3,000,000
*Total (Second Option)*	$300,000	$300,000	$3,000,000	60 %
42 month anniversary of Execution Date	$400,000	$1,200,000 ⁽³⁾	Nil
*Total (Third Option)*	$400,000	$1,200,000	*Nil*	70 %
Grand Total	$1,350,000	$2,150,000	$6,000,000

Notes:
(1)	Payable to the Company immediately upon the entering into the Agreement.
(2)	Issuable to the Company upon completion of a going public transaction, at the transaction price for the going public transaction. The price at which the Consideration Shares are issued being referred to as the "Transaction Price".
(3)	Issuable at the Transaction Price.

FORTUNE BAY COMMENCES 2022 FIELD PROGRAMS ON ITS URANIUM AND GOLD PROJECTS IN SASKATCHEWAN

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Investor Insight

Overview

Company Highlights

Key Projects

Boorara Gold Project

Phillips Find Gold Project

Nimbus Silver-Zinc Project

Burbanks Gold Project

Cannon Underground Project

Penny’s Find

Rose Hill

Kalgoorlie Regional

Coolgardie Regional

Management Team

Ashok Parekh – Non-executive Chairman

Warren Hallam - Non-executive Director

Grant Haywood – Managing Director and Chief Executive Officer

Julian Tambyrajah – Chief Financial Officer & Company Secretary

Stephen Guy – Chief Geologist

Brendan Shalders - Chief Executive Officer (Poseidon)

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