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HALIFAX, NS July 8, 2025 – Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Company”) is pleased to announce plans to advance its 100% owned Goldfields Project (“Goldfields” or the “Project”) in Saskatchewan, Canada, by completing environmental baseline studies and initiating community engagement through the second half of 2025. Building on extensive historical datasets, the 2025 environmental baseline studies have been designed to establish a foundation for regulatory approvals advancement in 2026. The Company’s engagement with communities will support the development of meaningful and collaborative relationships as the Project advances. These activities have been strategically prioritized to support efficient and effective Project advancement, recognizing that environmental planning, engagement, and Project design are iterative processes that must progress in parallel for successful project development.

“Our plans for 2025 reflect an important step forward in advancing the Goldfields Project toward development,” stated Dale Verran, CEO of Fortune Bay. “By prioritizing environmental baseline work and proactive community engagement, we’re laying the foundation for a responsible and efficient regulatory process. These efforts are foundational to our commitment of environmental responsibility and to forging long-term partnerships that will shape a successful and sustainable path forward for Goldfields.”