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Fortune Bay Expands The Murmac Uranium Project

Fortune Bay Expands The Murmac Uranium Project

HALIFAX, NS September 26, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce a significant expansion of its 100% owned Murmac Uranium Project (“Murmac” or the “Project”) through recent successful staking efforts. The Project area now totals 10,363 hectares, representing a 95% increase in area from 2022. The Project is located on the northern rim of the Athabasca Basin in Saskatchewan, approximately 10 kilometres south of Uranium City (Figure 1).

Dale Verran, CEO for Fortune Bay, commented “We are very pleased to have almost doubled the size of our Murmac Uranium Project amidst highly competitive staking in Saskatchewan’s Athabasca Basin. The recent expansions further consolidate Fortune Bay’s dominant land position of high-grade uranium target areas in the Uranium City area.” 

Mr. Verran further added, “The positive results from our 2022 drilling and prospecting programs have validated the endowment of uranium at Murmac and support the potential for a high-grade discovery. The expanded Project provides significant additional discovery potential along corridors which have been identified as being prospective for high-grade uranium.”