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Fortune Bay Provides Corporate Update

Fortune Bay Provides Corporate Update

HALIFAX, NS August 8, 2023 – Fortune Bay Corp. (TSXV: FOR, FWB: 5QN, OTCQX: FTBYF) (“Fortune Bay” or the “Company”) today provides a corporate update on its exploration and development projects in Saskatchewan, Canada and Chiapas, Mexico.

Dale Verran, CEO, commented, “Fortune Bay is pleased to provide an update on current activities and plans for its projects aiming to; create value through focussed exploration, achieve transactional success, and minimize dilution to shareholders. The Company has built a unique set of high-potential assets across the exploration and early-stage development spectrum with the potential to generate value catalysts. These potential catalysts include identification of a transaction to realize value for the Goldfields project, commencement of exploration at the Ixhuatán project based on positive and respectful community engagement, and advancement of the early-stage Strike and Murmac projects through identification of a suitable funding partner.”