Fortune Bay Moving Forwards with Gold and Uranium Projects in Canada

• Fortune Bay Corp, a junior enlisted company in Canada, has two advanced gold projects and is advancing two uranium projects in Saskatchewan.
• The gold projects amount to around three million ounces of gold, with a particular focus on the Goldfields project in Saskatchewan which is under a Preliminary Economic Assessment (PEA).
• Fortune Bay has started drilling for uranium, with initial results being promising. Assay results are awaited, which will provide the actual uranium numbers and potential market reactions.
• While the company explores uranium, they are still very invested in their gold component, seeing potential despite fluctuations in gold prices.
• In terms of future plans, Fortune Bay is open to potential partnerships or sales opportunities and believes that their projects, located in safer jurisdictions, make them an attractive option for larger gold mining companies looking to replenish reserves.

About

Fortune Bay Corp. is a mineral exploration and development company focused on advancing its gold and uranium assets in Saskatchewan, Canada. The company has two advanced stage gold projects - Goldfields and Ixhuatán - and is also exploring and developing its Strike and Murmac uranium projects in the Athabasca Basin. Led by an experienced management team, Fortune Bay is poised to unlock value for investors through systematic exploration and development.

Interview with Dale Verran, CEO of Fortune Bay Corp.

Encouraging Initial Uranium Drilling Results at Strike Project

Fortune Bay has recently completed an initial 9-hole drill program at its Strike uranium project located near the town of Uranium City in northern Saskatchewan. The drilling targeted electromagnetic (EM) conductors that are associated with graphitic rocks which typically host high-grade Athabasca-style uranium deposits.

The results have been encouraging, with all drill holes intersecting the targeted conductor horizons and graphitic rocks. Importantly, structures were noted in the holes which allow for fluid movement to transport and deposit uranium. Alteration patterns and elevated radioactivity were also observed, indicating the presence of uranium mineralization in the area. Assay results from the drilling are still pending.

According to CEO Dale Verran, the results demonstrate that the project has the right geological ingredients for an Athabasca Basin high-grade uranium deposit. The company is now awaiting the assay results to determine the actual uranium grades intersected. The initial drill program was aimed at providing a first-pass test of the conductors, with the goal of prioritizing targets for follow-up. Fortune Bay is also planning drilling at its nearby Murmac project which shows similarly favorable characteristics.

Advancing the Goldfields Gold Project

Fortune Bay's flagship asset is the 100% owned Goldfields project located near Uranium City. Goldfields hosts a near-surface open-pit amenable gold resource of 1 million ounces indicated and 200,000 ounces inferred. The project benefits from excellent infrastructure, including all-season road access and proximity to grid power. Goldfields also holds a valid development permit for mining and milling issued in 2008.

The company has commenced a Preliminary Economic Assessment (PEA) for Goldfields to showcase the project's potential value in today's environment. The PEA will evaluate various mining scenarios and select the optimal development approach. Metallurgical test work has shown high recoveries of ~94% are achievable through a simple gravity and leach flow sheet.

In addition to development studies, Fortune Bay is also focused on expanding the known resources through exploration. Last year's drilling outside the current open pits returned high-grade intercepts including 8 g/t gold over 12 meters and 13.2 g/t gold over 8 meters. These results demonstrate the potential to grow the resource base to underpin an larger-scale mining operation.

Proven Team to Unlock Value

Fortune Bay is led by an experienced management team with a track record of discovery and advancement of gold and uranium projects. CEO Dale Verran previously held senior roles with Denison Mines and Pitchstone Exploration, where he was instrumental in making uranium discoveries in the Athabasca Basin.

The company is taking a focused, systematic approach to exploration and development in order to prudently allocate shareholder capital. With robust projects located in top-tier mining jurisdictions, Fortune Bay is poised to create value for investors through discovery and advancement of its gold and uranium assets.

Conclusion

With advanced-stage gold and uranium projects located in mining-friendly Saskatchewan, Fortune Bay offers investors exposure to two critical energy metals. Recent results have been positive, with drilling intersecting favorable alteration and radioactivity at the Strike uranium project. The Goldfields gold project also provides a clear path to demonstrate value for investors through the ongoing PEA study. Supported by an experienced team, systematic exploration efforts and near-term catalysts, Fortune Bay warrants consideration by investors seeking leveraged exposure to rising gold and uranium prices.