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Auryn Drills Gold-Bearing Hydrothermal System at Committee Bay

Fury Gold Mines Ltd.

Illustrates the Aiviq, Kalulik and Aarluk prospects that were drilled in the 2018 summer drill program.

Two new target areas were defined by high-resolution tills three kilometers southwest and 500 meters to the southeast of the limit of the 2018 drill program, which will be considered for future drilling.

The inset map in the top-right corner illustrates the hydrothermal system drilled at Aiviq and the red lines show the location of veining and alteration within sulphidized banded iron formations. The hydrothermal system in general becomes strongest to the southwest, in terms of widths of gold mineralization, quartz veining and sulphidation within the host banded iron formation.

Illustrates a cross-section of hole 12 at the southwest margin of the drill program where 13.5 meters of 1.54 g/t gold is hosted within a banded iron formation. In addition. three other thinner zones of mineralization were encountered down hole, demonstrating fluid flow with associated gold mineralization.

Illustrates a 30-meter-wide zone of veining in sediments and sulphidized banded iron formations in drill hole 18RG005.

Illustrates the sulphidized banded iron formations and associated silicification and quartz veining in hole 18RG005.

Illustrates a 25-meter-wide zone of veining in sediments and sulphidized banded iron formations in drill hole 18RG010.

Illustrates a 55-meter-wide zone of intense veining and sulphidation within sediments and banded iron formations within hole 18RG012. This hole represents the widest intercept of 13.5 meters of 1.54 g/t gold in addition to the widest zone of alteration and sulphidation observed within the hydrothermal system. The mineralization and alteration demonstrate the need to continue to explore toward the southwest along the same regional scale fault zone.

Illustrates the sulphidized banded iron formations and associated silicification and quartz veining in hole 18RG012.

Illustrates the locations of the 2018 drill holes from the Kalulik target area where two separate hydrothermal systems were identified with greater than 10 – 20 meter widths of low-grade mineralization. Results include 21.34 meters of 0.4 g/t gold and 16.76 meters of 0.4 g/t gold. These intercepts are encouraging as they demonstrate broad zones of alteration and mineralization within sulphidized banded iron formations that may be peripheral to higher grades.

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