Funded, Focused, and Drilling: What Fortune Bay’s Next Phase Means for Investors

Gold continues to trade at record levels with a positive outlook for 2026. For companies positioned to advance high-quality projects, this creates a meaningful window. Fully funded and already drilling, Fortune Bay is entering that window with momentum and with the flexibility to do the work that matters most for long-term value: disciplined exploration designed to test the growth potential around our Goldfields Project in Saskatchewan.

This is the next phase of our strategy in action: funded, focused, and moving with purpose.

A Financing That Sets the Tone

In a cautious market, raising capital is never taken for granted. Our recent financing was timed to ensure we enter 2026 with the resources to execute on priority programs without interruption.

It also signals something deeper: confidence from both long-term supporters and new investors in Fortune Bay’s business model — one designed to create value at the steepest part of the Lassonde Curve, before capital requirements escalate.

With funding secured, we’re acting quickly.

Drills Now Turning at Goldfields

Within weeks of closing the financing, we mobilized and initiated drilling at Goldfields. This pace reflects our disciplined preparation. Our technical team has spent months refining targets that have the potential to enhance the already robust development profile outlined in the Updated PEA.

This phase of drilling is designed to test:

• Resource-growth opportunities at Box and Athona, the two deposits that anchor the Updated PEA mine plan.
• Shallow, near-surface targets where continuity and geometry will be evaluated ahead of more detailed work.
• Additional prospects within 1–2 kilometres of existing infrastructure, where historical occurrences and geophysical signatures suggest further growth potential.

Our objective is straightforward: generate the data required to assess where future ounces may be added and how these targets could support a stronger overall development profile.

Why Timing and Execution Matter in This Gold Environment

With gold holding strong above levels that have historically catalyzed interest in high-quality developers, projects with strong economics and room to grow tend to stand out.

Goldfields is positioned well in that landscape:

• The Updated PEA confirmed exceptional economics, grounded in 97% Indicated ounces and supported by infrastructure, a valid provincial EIS, and well-established community relationships.
• The project benefits from being in Saskatchewan, consistently ranked among the world’s top mining jurisdictions.
• And importantly, it remains in a phase of meaningful value leverage where exploration and early development work can have a clear impact.

Exploration at this stage isn’t just about drilling meters. It’s about sharpening the understanding of how Goldfields could evolve, where growth opportunities may emerge, and how the project might be strengthened as studies toward PFS advance.

Clear Priorities for the Months Ahead

As we move into early 2026, our work will continue to focus on:

• Post-PEA technical studies to support future advancement toward PFS.
• Ongoing environmental baseline work that builds on more than a decade of data.
• Continued engagement with Indigenous Nations, local communities, and regulatory partners.
• Analysis of drill results to determine the most prospective areas for follow-up work.

Together, these efforts are designed to responsibly and efficiently advance Goldfields while staying aligned with our core strategy: create value through discovery, growth, and early de-risking.

A Foundation Built for the Next Stage

As we kick off the new year, Fortune Bay enters 2026 with a clear plan, strong footing, and the momentum of a company acting with intention.

A funded program.
A focused strategy.
And drills now turning to test what comes next.