Fortune Bay Corp (FOR)

Manhattan Uranium and Fortune Bay Plan Fully Funded 5,000 Meter Drill Program to Test up to 25 Priority Targets at the Murmac and Strike Uranium Projects in SaskatchewanJune 4, 2026 6:00 AM
NewsfileDrilling Targeted to Commence in June in One of the World's Premier Uranium JurisdictionsVancouver, British Columbia--(Newsfile Corp. - June 4, 2026) - Manhattan Uranium Discovery Corp. (TSXV: MANU) (OTC Pink: MAUUF) (FSE: J5B0) ("Manhattan") and Fortune Bay Corp. (TSXV: FOR) (FSE: 5QN) (OTCQB: FTBYF) ("Fortune Bay") are pleased to announce that priority drill targets have been selected for the upcoming exploration program at the Murmac and Strike Uranium Projects ("Murmac" and "Strike", and collectively, the "Murmac and Strike Projects" or the "Projects"), located near Uranium City in northern Saskatchewan.The upcoming program is expected to consist of approximately 5,000 metres of drilling to test up to 25 priority targets across the Projects. The targets include both follow-up opportunities near previous uranium results and first-pass tests of newly defined targets along more than 60 kilometres of prospective electromagnetic conductor packages on the northern margin of the Athabasca Basin.The program is being funded by Manhattan pursuant to an option agreement (see Fortune Bay's press release dated December 18, 2023 and Manhattan's press release dated December 11, 2025), with Fortune Bay acting as operator.Program HighlightsLarge-scale drill program planned: Approximately 5,000 metres of drilling is planned to test up to 25 priority targets across Murmac and Strike.Multiple discovery opportunities: The program is designed to test a broad pipeline of targets across multiple conductive corridors, providing exposure to several potential discovery areas in a single campaign.Targets selected using multiple discovery criteria: Targets were selected based on integrated geological, geophysical and geochemical datasets, with an emphasis on areas where favourable structure, graphitic host rocks, uranium anomalism and alteration coincide.Extensive prospective conductor packages: Murmac and Strike collectively host approximately 63 kilometres of prospective electromagnetic conductor packages, providing a large target inventory for basement-hosted uranium exploration.Murmac high-grade uranium results: Previous drilling at Murmac returned 8.40 metres grading 0.30% U3O8, including 1.20 metres grading 1.79% U3O8, with individual assays up to 13.80% U3O8 over 0.10 metres in drill hole M24-0171.Strike high-grade uranium results: At Strike, Fortune Bay's maiden drill program intersected anomalous uranium in three of nine shallow drill holes, including a maximum individual assay of 0.43% U3O8. Historical small-scale production from the Tena Zone reportedly included grades of 0.6% to 3.5% U3O8, and confirmatory surface rock sampling returned assays including 3.51% U3O8 and 1.75% U3O82.Drilling expected shortly: Mobilization is being planned, with drilling expected to commence in June 2026."The global energy landscape is undergoing a fundamental shift, and uranium sits at the centre of it," said William Sheriff, Chairman of Manhattan. "The Athabasca Basin remains one of the world's premier uranium regions, and having built and sold one of the largest domestic uranium resource bases in U.S. history, I know firsthand how exploration success in the right geological setting can create significant value.""The Murmac and Strike drill program represents a significant catalyst for Manhattan Uranium," said Galen McNamara, CEO of Manhattan. "The Athabasca Basin has a well-established track record of delivering world-class uranium discoveries, and we believe our projects share the key geological characteristics that have defined the Basin's most significant finds. With a fully funded 25-hole program set to commence in June, we look forward to reporting results as drilling advances."Murmac and Strike Projects OverviewThe Murmac and Strike Projects comprise mineral claims totalling approximately 19,877 hectares within 25 kilometres of Uranium City, Saskatchewan, on the northern margin of the Athabasca Basin. The Projects benefit from established infrastructure, including existing roads, an active hydro-powerline, nearby facilities, and an airport at Uranium City.The Projects are prospective for high-grade, basement-hosted uranium deposits associated with graphitic electromagnetic conductor corridors, structural reactivation, alteration and uranium-bearing mineralizing systems. Murmac and Strike collectively host approximately 63 kilometres of prospective electromagnetic conductor packages, which were not systematically targeted or drill tested during historical exploration efforts.Exploration completed by Manhattan and Fortune Bay has included compilation of historical exploration data, modern airborne electromagnetic and magnetic surveying, ground gravity surveying, prospecting, radon-in-water surveying, and diamond drilling. This work has confirmed favourable host rocks, prospective structures, uranium mineralization, and multiple target areas warranting follow-up drilling.The upcoming program is designed to systematically test priority targets where multiple exploration criteria coincide, including favourable graphitic conductors, interpreted structures, uranium mineralization or anomalism, alteration, and supportive historical exploration results.Figure 1: Location of the Murmac and Strike Uranium Projects.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/300086_14da9f3034924817_001full.jpgMurmac Previous Exploration HighlightsAt Murmac, previous drilling has confirmed shallow uranium mineralization associated with structured graphitic rocks, the typical host rocks for basement-hosted high-grade Athabasca Basin uranium deposits.Drill hole M24-017, completed at Howland Lake North, intersected 8.40 metres grading 0.30% U3O8, including 1.20 metres grading 1.79% U3O8, with individual assays up to 13.80% U3O8 over 0.10 metres and 4.54% U3O8 over 0.10 metres. This high-grade mineralization was intersected at approximately 64 metres below surface within favourable structured graphitic rocks. Drilling at Murmac has intersected elevated uranium (> 100 ppm) associated with graphitic rocks and hydrothermal alteration in 12 of 31 previous holes across the entire length of the targeted conductors, indicating the presence of a large-scale uranium mineralizing system1.Figure 2: Murmac previous results and drill targets. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/300086_14da9f3034924817_002full.jpgStrike Previous Exploration HighlightsAt Strike, previous exploration has confirmed uranium potential at surface, in historical workings and through drilling.Historical small-scale mining at the Tena Zone reportedly produced over 1,000 tons in the 1950s at grades of 0.6% to 3.5% U3O8. Confirmatory surface sampling by Fortune Bay returned high-grade uranium assays, including 3.51% U3O8 and 1.75% U3O8, confirming the presence of high-grade uranium mineralization at surface2.Fortune Bay's maiden drill program at Strike also confirmed basement-hosted uranium mineralization. Analytical results confirmed anomalous uranium in three of nine shallow drill holes, including a maximum individual assay of 0.43% U3O8. Uranium mineralization was associated with enriched pathfinder elements commonly associated with high-grade, unconformity-related uranium deposits in the Athabasca Basin2. The upcoming program will follow up near previous Strike results and test additional priority targets along prospective conductor corridors and structural trends.Figure 3: Strike previous results and drill targets.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8126/300086_14da9f3034924817_003full.jpgOption AgreementThe Projects are subject to an option agreement dated December 15, 2023, as amended on November 13, 2025, under which Manhattan has the right to acquire up to a 70% interest in Murmac and Strike by funding an aggregate of C$6 million in exploration expenditures, making cash payments of an aggregate of C$1.35 million, and issuing an aggregate of C$2.15 million in common shares. Fortune Bay is the operator during the option period and is entitled to charge a 10% management fee on exploration expenditures.Technical DisclosureDrill results refer to drill core and surface grab samples submitted to the Saskatchewan Research Council ("SRC") Geoanalytical Laboratories (ISO/IEC 17025:2005 accredited) for uranium assay and multi-element characterization. Sample preparation for all samples included drying, jaw crushing to 60% passing -2 mm, and pulverizing to 90% passing -106 microns. Multi-element characterization was carried out by partial digestion (HNO3:HCl), using ICP-OES and ICP-MS analytical methods. For selected samples U3O8 weight % was determined separately through partial digest (HCl:HNO3) and ICP-OES (ISO/IEC 17025 accredited method).Further details regarding the historical exploration/drilling and exploration results noted in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) and the Saskatchewan Mineral Deposit Index (SMDI). Fortune Bay has verified several of these occurrences through field prospecting and sampling, however there is a risk that any future confirmation work and exploration may produce results that substantially differ from the unverified historical results. Historical drill hole locations, captured from georeferenced assessment report maps, are subject to uncertainty (considered accurate to +/-50 metres). Manhattan considers these unverified historical results relevant to assess the mineralization and economic potential of the Projects. The historical information referenced derives from SMAD references 74N07-0011, 74N07-0173, 74N07-0277, 74N11-SE-0016 and 74N11-0052.Chilean PropertiesManhattan also announces that it has terminated the purchase and sale agreement dated December 9, 2025 with Batik Resources Ltd. to sell 100% of the issued and outstanding shares of RIO Explorations SpA (which directly holds the Dorado and Cordillera gold projects in Chile's Atacama Region).Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Galen McNamara, P.Geo., CEO and Director of Manhattan, who is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. McNamara is not independent of Manhattan.About ManhattanManhattan Uranium Discovery Corp. (TSXV: MANU) (OTC Pink: MAUUF) (FSE: J5B0) is a newly consolidated North American uranium company committed to the discovery, development, and advancement of high-quality uranium assets. Following the successful acquisitions of Urano Energy and Pegasus Resources, Manhattan now holds a premier portfolio of 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres in the United States, complemented by high-grade exploration potential in Canada's Athabasca Basin.Backed by an elite technical and management team with decades of uranium discovery, project advancement, and capital markets experience, Manhattan is strategically positioned to capitalize on the growing demand for domestic uranium and the American nuclear renaissance.For more information about Manhattan, please visit: www.manhattanuranium.com.About Fortune BayFortune Bay Corp. (TSXV: FOR) (FSE: 5QN) (OTCQB: FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. Fortune Bay's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Follow us on social media for the latest updates:X: https://x.com/manhattanurLinkedIn: https://www.linkedin.com/company/manhattanuranium/On behalf of the Board of Directors of Manhattan
Galen McNamara
CEO & Director
1 (604) 288-8046
info@manhattanuranium.comReferenceshttps://fortunebaycorp.com/news/post/aero-energy-and-fortune-bay-confirm-shallow-high-grade-uranium-up-to-13.80-u3o8-from-drilling-at-murmacSaskatchewan Mineral Assessment Database Files 74N07-0011, 74N07-0173, 74N07-0277, 74N11-SE-0016 and 74N11-0052. (https://www.saskatchewan.ca/business/agriculture-natural-resources-and-industry/mineral-exploration-and-mining/saskatchewan-geological-survey/saskatchewan-mineral-assessment-database-smad)FORWARD-LOOKING STATEMENTS This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian and United States securities legislation (collectively, "forward-looking statements"). All statements in this release, other than statements of historical fact, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "may", "will", "expect", "intend", "believe", "anticipate", "estimate", "target", "plan", "potential", "could" or similar terminology. Forward-looking statements in this release include, without limitation the results from work performed to date; the estimation of mineral resources; the realization of mineral resource estimates; the development, operational and economic results of technical reports on mineral properties referenced herein; magnitude or quality of mineral deposits; the anticipated advancement of each of Manhattan's and Fortune Bay's mineral properties and project portfolios, including but not limited to the proposed drilling program referenced herein, including the timing, scope and execution thereof and remaining approvals; exploration expenditures, costs and timing of the development of new deposits; underground exploration potential; costs and timing of future exploration; the completion and timing of future development studies; estimates of metallurgical recovery rates; exploration prospects of mineral properties; requirements for additional capital; the future price of metals; government regulation of mining operations; current geopolitical developments, including but not limited to U.S. government policy; environmental risks; the timing and possible outcome of pending regulatory matters, including but not limited to the payment of bonds in connection with the proposed programs and plans referenced herein; the realization of the expected economics of mineral properties; future growth potential of mineral properties; and future plans, projections, objectives, estimates and forecasts and the timing related thereto.Forward-looking statements are based on respective management's current beliefs, expectations and assumptions, including, without limitation: that historical information is reliable; that future exploration activities will proceed as currently anticipated; that permits, equipment, personnel and contractors will be available on commercially reasonable terms; and that current commodity prices, labour availability, cost and regulatory frameworks will remain consistent with respective management's expectations. Although respective management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation: the risk that historical data may prove to be inaccurate or unverifiable; that exploration results may not support further work or drilling; that exploration activities may be delayed, restricted or not carried out as planned; that permits may be delayed or revoked; the absence of adverse conditions at mineral properties; the price of uranium and other metals remaining at levels that render mineral properties economic; each of Manhattan's and Fortune Bay's ability to continue raising necessary capital to finance operations; and the ability to realize on any mineral resource and reserve estimates; each of Manhattan's and Fortune Bay's ability to complete its planned exploration programs; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; fluctuations in exchange rates; the business objectives of each of Manhattan and Fortune Bay; whether economic mineralization can be defined and, if it can be permitted for development; the uncertainty that any mineralization encountered on adjacent properties continues on to any of Manhattan's and Fortune Bay's properties; the uncertainty that geological and/or geophysical and/or any trends, interpretations, or conclusions related to adjacent properties have relevance to any of Manhattan's and Fortune Bay's properties; the uncertainty that the exploration season can be extended; changes in project parameters as plans to continue to be refined; the consequences and implications of the historical mining activities on the environment and whether such affects the potential exploration and/or development of any mining operation on any of Manhattan's and Fortune Bay's properties; the implications of claims from First Nations, Tribes, Tribal Councils or Tribal Governments and land claims settlements on any of Manhattan's and Fortune Bay's projects; accidents, labour disputes and other risks of the mining industry, conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; future prices of metals; possible variations of mineral grade or recovery rates; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; title to properties; operational, technical and geological risks inherent in mineral exploration; changes in capital markets, economic conditions, regulatory developments and stakeholder relations; the other risks set out in each of Manhattan's and Fortune Bay's public disclosure record under its profile on SEDAR+ (www.sedarplus.ca) and respective management's ability to anticipate and manage the foregoing risks and uncertainties.Each of Manhattan and Fortune Bay provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Each of Manhattan and Fortune Bay does not undertake to update any forward-looking statements, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300086 Original: Manhattan Uranium and Fortune Bay Plan Fully Funded 5,000 Meter Drill Program to Test up to 25 Priority Targets at the Murmac and Strike Uranium Projects in Saskatchewan

Fortune Bay and Manhattan Plan Fully Funded 5,000 Metre Drill Program for Murmac and Strike Uranium ProjectsJune 4, 2026 6:00 AM
PR Newswire (Canada) Large-scale program expected to commence in June in a proven uranium district on the northern margin of the Athabasca BasinHALIFAX, NS, June 4, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce that priority drill targets have been selected for the upcoming exploration program at the Murmac and Strike Uranium Projects ("Murmac" and "Strike", or the "Projects"), located near Uranium City in northern Saskatchewan.The upcoming program is expected to consist of approximately 5,000 metres of drilling to test up to 25 priority targets across the Projects. The targets include both follow-up opportunities near previous uranium results and first-pass tests of newly defined targets along more than 60 kilometres of prospective electromagnetic conductor packages on the northern margin of the Athabasca Basin.The program is being funded by Manhattan Uranium Discovery Corp. (TSXV: MANU, OTC: MAUUF, FSE: J5B0) ("Manhattan"), formerly Aero Energy Limited, under an option agreement (see press release dated December 18, 2023), with Fortune Bay acting as operator.Program HighlightsLarge-scale drill program planned: Approximately 5,000 metres of drilling is planned to test up to 25 priority targets across Murmac and Strike.Multiple discovery opportunities: The program is designed to test a broad pipeline of targets across multiple conductive corridors, providing exposure to several potential discovery areas in a single campaign.Targets selected using multiple discovery criteria: Targets were selected based on integrated geological, geophysical and geochemical datasets, with an emphasis on areas where favourable structure, graphitic host rocks, uranium anomalism and alteration coincide.Extensive prospective conductor packages: Murmac and Strike collectively host approximately 63 kilometres of prospective electromagnetic conductor packages, providing a large target inventory for basement-hosted uranium exploration.Murmac high-grade uranium results: Previous drilling at Murmac returned 8.40 metres grading 0.30% U3O8, including 1.20 metres grading 1.79% U3O8, with individual assays up to 13.80% U3O8 over 0.10 metres in drill hole M24-017.Strike high-grade uranium results: At Strike, Fortune Bay's maiden drill program intersected anomalous uranium in three of nine shallow drill holes, including a maximum individual assay of 0.43% U3O8. Historical small-scale production from the Tena Zone reportedly included grades of 0.6% to 3.5% U3O8, and confirmatory surface rock sampling returned assays including 3.51% U3O8 and 1.75% U3O8.Drilling expected shortly: Mobilization is being planned, with drilling expected to commence in June.Gareth Garlick, Technical Director of Fortune Bay, commented "The upcoming 5,000 metre program is designed to systematically test a broad pipeline of compelling uranium targets across Murmac and Strike. Previous work has confirmed key ingredients for basement-hosted uranium mineralization related to the Athabasca Basin, including graphitic host rocks, structural preparation, uranium anomalism, alteration and high-grade uranium results. The program will follow up near previous uranium mineralization, including high-grade results at Murmac and drill-confirmed mineralization at Strike, while also testing new priority targets within the Projects' extensive prospective electromagnetic conductor packages."Dale Verran, CEO of Fortune Bay, added "This partner-funded program provides Fortune Bay shareholders with meaningful exposure to uranium discovery upside, without requiring Fortune Bay to fund the exploration expenditures. It reflects our disciplined approach to capital allocation, allowing high-potential uranium projects to be advanced through partnerships while we preserve capital and maintain focus on Goldfields, our flagship gold project in northern Saskatchewan, where key technical and environmental work is currently progressing."Murmac and Strike Project OverviewThe Murmac and Strike Projects comprise mineral claims totalling approximately 19,877 hectares within 25 kilometres of Uranium City, Saskatchewan, on the northern margin of the Athabasca Basin. The Projects benefit from established infrastructure, including existing roads, an active hydro-powerline, nearby facilities, and an airport at Uranium City.The Projects are prospective for high-grade, basement-hosted uranium deposits associated with graphitic electromagnetic conductor corridors, structural reactivation, alteration and uranium-bearing mineralizing systems related to the Athabasca Basin. Murmac and Strike collectively host approximately 63 kilometres of prospective electromagnetic conductor packages, which were not systematically targeted or drill tested during historical exploration efforts.Exploration completed by Fortune Bay and Manhattan has included compilation of historical exploration data, modern airborne electromagnetic and magnetic surveying, ground gravity surveying, prospecting, radon-in-water surveying, and diamond drilling. This work has confirmed favourable host rocks, prospective structures, uranium mineralization, and multiple target areas warranting follow-up drilling.The upcoming program is designed to systematically test priority targets where multiple exploration criteria coincide, including favourable graphitic conductors, interpreted structures, uranium mineralization or anomalism, alteration, and supportive historical exploration results.Murmac Previous Exploration HighlightsAt Murmac, previous drilling has confirmed shallow uranium mineralization associated with structured graphitic rocks, the typical host rocks for basement-hosted high-grade Athabasca Basin uranium deposits.Drill hole M24-017, completed at Howland Lake North, intersected 8.40 metres grading 0.30% U3O8, including 1.20 metres grading 1.79% U3O8, with individual assays up to 13.80% U3O8 over 0.10 metres and 4.54% U3O8 over 0.10 metres. This high-grade mineralization was intersected at approximately 64 metres below surface within favourable structured graphitic rocks. Drilling at Murmac has intersected elevated uranium (> 100 ppm) associated with graphitic rocks and hydrothermal alteration in 12 of 31 previous holes across the entire length of the targeted conductors, indicating the presence of a large-scale uranium mineralizing system.Strike Previous Exploration HighlightsAt Strike, previous exploration has confirmed uranium potential at surface, in historical workings and through drilling.Historical small-scale mining at the Tena Zone reportedly produced over 1,000 tons in the 1950s at grades of 0.6% to 3.5% U3O8. Confirmatory surface sampling by Fortune Bay returned high-grade uranium assays, including 3.51% U3O8 and 1.75% U3O8, confirming the presence of high-grade uranium mineralization at surface.Fortune Bay's maiden drill program at Strike also confirmed basement-hosted uranium mineralization. Analytical results confirmed anomalous uranium in three of nine shallow drill holes, including a maximum individual assay of 0.43% U3O8. Uranium mineralization was associated with enriched pathfinder elements commonly associated with high-grade, unconformity-related uranium deposits in the Athabasca Basin.The upcoming program will follow up near previous Strike results and test additional priority targets along prospective conductor corridors and structural trends.Option AgreementThe Projects are subject to an option agreement dated December 15, 2023, under which Manhattan has the right to acquire up to a 70% interest in Murmac and Strike by funding C$6 million in exploration expenditures, making cash payments totalling C$1.35 million, and issuing C$2.15 million in common shares. Fortune Bay is the operator during the option period and is entitled to charge a 10% management fee on exploration expenditures.Technical DisclosureFortune Bay drill results refer to drill core and surface grab samples submitted to the Saskatchewan Research Council ("SRC") Geoanalytical Laboratories (ISO/IEC 17025:2005 accredited) for uranium assay and multi-element characterization. Sample preparation for all samples included drying, jaw crushing to 60% passing -2 mm, and pulverizing to 90% passing -106 microns. Multi-element characterization was carried out by partial digestion (HNO3:HCl), using ICP-OES and ICP-MS analytical methods. For selected samples U3O8 weight % was determined separately through partial digest (HCl:HNO3) and ICP-OES (ISO/IEC 17025 accredited method).Further details regarding the historical exploration/drilling and exploration results noted in this news release can be found within the Saskatchewan Mineral Assessment Database (SMAD) and the Saskatchewan Mineral Deposit Index (SMDI). Fortune Bay has verified several of these occurrences through field prospecting and sampling, however there is a risk that any future confirmation work and exploration may produce results that substantially differ from the unverified historical results. Historical drill hole locations, captured from georeferenced assessment report maps, are subject to uncertainty (considered accurate to +/-50 metres. The Company considers these unverified historical results relevant to assess the mineralization and economic potential of the property. The historical information referenced derives from SMAD references 74N07-0011, 74N07-0173, 74N07-0277, 74N11-SE-0016 and 74N11-0052.Qualified PersonThe technical and scientific information in this news release has been reviewed and approved by Gareth Garlick, P.Geo., Technical Director of the Company, who is a Qualified Person as defined by National Instrument 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.About Fortune BayFortune Bay Corp. (TSXV:FOR; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. About Manhattan Uranium Discovery Corp.Manhattan Uranium Discovery Corp. (TSXV: MANU, OTC Pink: MAUUF, FSE: J5B0) is a newly consolidated North American uranium company committed to the discovery, development, and advancement of high-quality uranium assets. Following the successful acquisitions of Urano Energy and Pegasus Resources, Manhattan now holds a premier portfolio of 15 past-producing uranium mines across 25 underexplored properties covering 25,099 acres in the United States, complemented by high-grade exploration potential in Canada's Athabasca Basin. Backed by an elite technical and management team with decades of uranium discovery, project advancement, and capital markets experience, Manhattan is strategically positioned to capitalize on the growing demand for domestic uranium and the American nuclear renaissance. For more information about Manhattan, please visit: www.manhattanuranium.com.On behalf of Fortune Bay Corp."Dale Verran"
Chief Executive Officer
902-334-1919Cautionary StatementInformation set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Fortune Bay Corp. Original: Fortune Bay and Manhattan Plan Fully Funded 5,000 Metre Drill Program for Murmac and Strike Uranium Projects

Fortune Bay Advances Goldfields Pre-Feasibility Work ProgramsMay 21, 2026 6:00 AM
PR Newswire (Canada) Active technical and permitting-related work programs support the next stage of Goldfields developmentHALIFAX, NS, May 21, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to provide a project development update for its 100%-owned Goldfields Gold Project ("Goldfields" or the "Project") in northern Saskatchewan. Fortune Bay is advancing focused engineering studies, environmental programs, and community engagement initiatives designed to build on the development case outlined in the 2025 Updated PEA and move Goldfields toward a Pre-Feasibility Study ("PFS"). Current activities are focused on de-risking and refining key project inputs, confirming technical assumptions, and evaluating opportunities to further optimize the Project while advancing the studies required to support permitting and future development planning.Highlights:Geotechnical field work completed at Box: A four-hole geotechnical drill program was completed, with no major continuous fault zones identified in the Box pit area.Waste rock results support favourable environmental profile: Preliminary test results indicate the waste rock samples are not expected to generate acidic conditions.Project optimization studies initiated: Following receipt of recent compelling metallurgical results, Fortune Bay has initiated focused trade-off work to evaluate a concentrate production opportunity identified in the 2025 Updated PEA, while maintaining the PEA doré production case as the base case development scenario.Metallurgical program advancing: Sampling is underway using existing drill core to support planned metallurgical test work and future PFS-level process design.Environmental, regulatory and community work progressing: Building on the approved 2008 Environmental Impact Statement ("2008 EIS"), Fortune Bay is advancing environmental baseline studies, regulatory engagement and community discussions to support future permitting and project planning."Goldfields continues to advance along a disciplined path toward a Pre-Feasibility Study, building on the strong foundation established in the 2025 Updated PEA," commented Dale Verran, Chief Executive Officer. "Recent geotechnical and waste rock results are consistent with the established project assumptions and support the view that Goldfields is a technically straightforward development opportunity, benefiting from a prior environmental approval and an extensive historical dataset. With multiple work programs now active and important milestones ahead, our focus is on de-risking the PEA development case, confirming key technical inputs and evaluating opportunities to further optimize the Project."The Company will be hosting a Live Webinar today at 1PM EST to discuss current developments and planned activities across its project portfolio. Follow this link to subscribe: https://bit.ly/4nzKfiQ Geotechnical ProgramA four-hole, 728.9 metre geotechnical drill program was completed at the Box deposit in May 2026. Drilling was overseen by Ausenco Engineering Canada ULC ("Ausenco"), which managed geotechnical core logging, sampling and related field investigations.The program included packer testing in all holes to assess hydrogeological properties of the lithologies and structures intersected. Vibrating wire piezometers were also installed in two holes to support ongoing groundwater monitoring and geotechnical interpretation. Core samples have been collected and will be submitted for laboratory testing. Drill core observations are consistent with historical geotechnical datasets confirming fair rock mass conditions across the Box pit area, with less competent zones appearing localized. No major continuous fault zones were identified within the Box pit area, which supports the current understanding of geotechnical conditions at Box.The work was designed to complement historical geotechnical datasets for Box and support optimized open-pit design at a PFS level of confidence. Planned geotechnical drilling at Athona, consisting of four holes for approximately 400 metres, was deferred due to access constraints associated with shoulder-season melt conditions and is now planned for summer 2026.Ausenco is also scheduled to visit the Goldfields site in late May to ground-truth and finalize a geotechnical work program for proposed infrastructure areas. This work is expected to include drilling and soil-profile pitting to support future infrastructure planning and design.Waste Rock Characterization ProgramThe Company has received results from a waste rock sampling program initiated in October 2025. A total of 11 composite samples (8 from Box, 3 from Athona) representing different lithological units were submitted to SGS Canada (Lakefield, ON) for acid-base accounting (ABA), metal geochemistry, shake flask extraction testing and Rietveld X-Ray Diffraction (XRD) analysis. Results indicate that all samples are net-neutral, with 9 of 11 samples returning non-potentially acid generating results and two samples returning marginal results as potentially acid generating. Samples contain low to modest total sulphur content and display modest neutralization potential. Only a single sample returned a single metal element (Bi) considered anomalous (>10x average crustal abundance).The results of this testwork are consistent with the historical dataset, and have been used to plan a more comprehensive and spatially representative waste rock characterization program for Box and Athona. As with the metallurgical sampling program, required material will be sourced from existing drill core and no dedicated drilling is currently required. Samples are expected to be submitted for static testing (as above), as well as kinetic testing through humidity cells.Results from this work will support a PFS and provide important information for environmental assessment, mine design, waste rock management and permitting.Project OptimizationFortune Bay has received encouraging metallurgical results from a test program initiated in September 2025. The test work was designed to provide additional information to support evaluation of an alternative production scenario identified in the Company's October 20, 2025 Updated PEA news release and related NI 43-101 technical report, whereby a gold concentrate could be produced on site and exported for sale, rather than producing doré gold on site.The work evaluated a composite sample from the Box deposit with a head grade of 1.02 g/t Au and total sulphur content of 0.32%. More than 50% of the contained gold reported to a Knelson-Mozley gravity concentrate comprising only 0.08% of the total feed mass, with concentrate grades exceeding 600 g/t Au. Flotation testing on gravity tailings was also successful, with recoveries exceeding 90% using low reagent additions. A gold-sulphide flotation concentrate comprising approximately 0.67% to 0.75% of the sample mass, grading approximately 80 g/t to 100 g/t Au and 46% sulphur, was produced after two stages of cleaning without regrind. Testing of PAX alternatives, MX-5160 and Hostafloat 7800, indicated similar recovery profiles to PAX. Geochemical characterization of the combined tailings sample, including solids and liquid analysis, indicated no major areas of concern.These strong results provide a technical basis for Fortune Bay's planned trade-off study to evaluate the alternative concentrate scenario relative to the base case doré production scenario outlined in the 2025 Updated PEA. The study is expected to build on the 2025 Updated PEA and recent metallurgical results, and focus on the areas that differ between the two options, including processing flowsheet considerations, mass balance, equipment requirements, capital and operating costs, financial modelling, and key execution considerations. The study is expected to take approximately eight weeks to complete.The outcomes of this work will be assessed alongside environmental, permitting, technical and economic considerations to support future project design decisions as Goldfields advances toward a PFS.Metallurgical ProgramWhile Goldfields benefits from a substantial repository of historical metallurgical test work, additional testing is required to improve spatial representation across the deposits and assess ore variability.Sample collection is underway and includes material from historical drill holes stored at Fortune Bay's core yard in Uranium City, as well as material from recently completed geotechnical holes. No dedicated drilling is currently required for metallurgical sampling, representing a meaningful cost saving.The final scope of metallurgical test work will be determined following completion of the project optimization work outlined above. The program is expected to include characterization of tailings generated through the test work, providing important input for process design, environmental assessment and permitting-related studies.Environmental and Regulatory Goldfields benefits from an existing approved Environmental Impact Statement (the "2008 EIS") for a 5,000 tonne-per-day open-pit mine and mill development at the Box Deposit, which provides an important foundation for ongoing environmental, regulatory and project planning work. Environmental baseline work is ongoing in support of future permitting and project development.Recent environmental baseline work has focused on updating and expanding the Company's understanding of current environmental conditions in the Goldfields Project area. Completed terrestrial studies include fire mapping, anthropogenic disturbance mapping and ecosite mapping, which provide updated information to support future project planning, environmental assessment work and field study design. Comprehensive aquatic baseline surveys completed in September 2025 have also been finalized, providing an updated characterization of aquatic habitats, water and sediment quality, and biological communities in eight waterbodies.Wildlife monitoring remains ongoing through covert cameras and Autonomous Recording Units ("ARUs") deployed in August 2025. These tools support continuous, non-invasive monitoring of wildlife presence and activity across multiple species groups, seasonal conditions and ecosites. A final aquatic report has been received and a draft terrestrial report has also been received, with work continuing. Survey equipment is expected to be visited in May for data retrieval and to support continued deployment through the spring and summer field seasons.The Company has also received expressions of interest from qualified parties for key environmental studies to be initiated or continued during summer 2026. These studies are expected to help inform the scope and approach for future environmental assessment and permitting work, including the collection of any additional baseline data required to support the Project.Fortune Bay met with representatives of the Saskatchewan Ministry of Environment and Ministry of Energy and Resources in late February to introduce the Project and discuss the provincial regulatory pathway. A Project Change Review under Section 16 of The Environmental Assessment Act is expected to be submitted following completion of the project optimization work.This regulatory engagement is an important step in confirming the appropriate pathway for advancing Goldfields through the provincial regulatory review and approval process.Community EngagementCommunity engagement remains ongoing and continues to be an important part of Fortune Bay's project planning process. Recent discussions have included potential frameworks and processes for future engagement, including discussions that could support impact-benefit agreements or similar arrangements.The Company has also been discussing community meetings for later in 2026, timed to align with ongoing technical work and future project design decisions. Discussions are also underway regarding proposed land-use studies to be completed during the summer 2026 field season. These studies are expected to provide important input into future mine design, infrastructure planning, permitting and engagement activities, helping ensure that project planning is informed by local knowledge and community priorities as Goldfields advances toward PFS.Technical Disclosure & Qualified PersonThe 2025 Preliminary Economic Assessment ("2025 PEA") for Goldfields is provided in the technical report titled "Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada", dated October 20, 2025, prepared by Kevin Murray, P.Eng.; Scott C. Elfen, P.E.; James Millard, P.Geo.; Jonathan Cooper, P.Eng.; Marc Schulte, P.Eng.; Cliff Revering, P.Eng.; and Ron Uken, Pr.Sci.Nat. for Fortune Bay Corp. The report is available under the Company's issuer profile on SEDAR+ (www.sedarplus.ca) and on the Company's website at www.fortunebaycorp.com.The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick P.Geo., Vice-President Technical Services of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.About Fortune BayFortune Bay Corp. (TSXV:FOR; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.On behalf of Fortune Bay Corp."Dale Verran"
Chief Executive Officer
902-334-1919Cautionary StatementInformation set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Fortune Bay Corp. Original: Fortune Bay Advances Goldfields Pre-Feasibility Work Programs

Fortune Bay Drills 1.20 g/t Gold over 23.2 m and Extends Shallow Mineralized System at Golden Pond, GoldfieldsMay 12, 2026 6:00 AM
PR Newswire (Canada) Results confirm shallow gold mineralization and extend the system beyond the historically defined area, with further testing warrantedHALIFAX, NS, May 12, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to report assay results from the seven-hole, 771 metre drilling program completed at the Golden Pond target, located within its 100% owned Goldfields Gold Project in Saskatchewan.The Golden Pond drilling formed part of Fortune Bay's 2026 winter exploration program designed to test resource-expansion targets located within two kilometres of past-producing and planned mine infrastructure (Figure 1).HighlightsDrilling at Golden Pond verified and extended shallow historical near-surface gold mineralization.All holes intersected gold mineralization, confirming continuity of the targeted mineralized system.GP26-02 returned 1.20 g/t Au over 23.2 m, including 4.68 g/t over 3.2 m, with 12.20 g/t Au over 1.0 m, starting approximately 10 m below surface.Additional shallow intervals include 2.06 g/t Au over 6.88 m in GP26-03 and 8.95 g/t Au over 1.0 m in GP26-05.Drilling extended the shallow mineralized system up to approximately 50 m beyond the historically defined zone of mineralization, with the system remaining open for further testing.Dale Verran, Chief Executive Officer, commented, "The Golden Pond results are an important addition to our recent exploration success at Goldfields. The drilling validated our revised geological model, confirmed shallow gold mineralization beyond the historically defined area, and demonstrated that the system remains open for further testing. Together with the recent Box deposit step-out results, these results highlight the broader opportunity to expand and add to the Goldfields resource base from targets located close to past-producing and planned mine infrastructure."Golden Pond: Targeting Shallow Mineralization with a Revised Geological ModelGolden Pond is a historical gold occurrence located approximately 2 km northeast of the Box deposit and historical mine, and represents a compelling target for potential resource expansion. The target does not currently host a mineral resource estimate. Historical drilling at Golden Pond returned near-surface, high-grade gold results, including 16.53 g/t Au over 13.6 m in hole GP88-2. Following compilation and review of historical exploration data, Fortune Bay developed a revised geological model indicating that the main shallow mineralized trend, which aligns well with veins mapped at surface, had not been adequately tested by previous drilling.The 2026 drill program was designed to confirm the historical near-surface gold mineralization and test for extensions along strike using the Company's revised model. Drill holes GP26-01 to GP26-07 were completed in three fence lines, with an approximate 25 m spacing, to evaluate continuity and help guide future follow-up drilling. All drilling (7 holes, 771 m) was carried out an orientation and shallow dip designed to intersect mineralization at the highest angle possible (closest to true thickness).The results successfully confirmed shallow gold mineralization at Golden Pond and extended the mineralized system beyond the historically defined area. GP26-02 returned 1.20 g/t Au over 23.2 m, including 4.68 g/t Au over 3.2 m, with 12.20 g/t Au over 1.0 m, starting approximately 10 m below surface. Additional higher-grade intervals included 2.06 g/t Au over 6.88 m in GP26-03 and 8.95 g/t Au over 1.0 m in GP26-05. All seven holes intersected anomalous gold mineralization greater than 0.5 g/t Au.Drilling confirmed that gold mineralization is associated with sulphide-bearing quartz veins hosted mainly in gneiss, and locally extending into amphibolite units. The orientation of the mineralized veins observed in drill core is consistent with the Company's revised model and with vein orientations mapped at surface. The results confirmed that the shallow mineralized system extends up to approximately 50 m beyond the historically defined zone of mineralization and remains open to the northwest.Hole locations are shown in Figure 2, and anomalous assay results are summarized in Table 1. Results will be further interpreted, and additional follow-up drilling planned.Table 1: Assay results for Golden Pond.Hole ID
From (m)To (m)Length (m)Au (g/t)Collar LocationAzimuth / DipGP26-01
12.0013.002.000.84E641653 / N6594991240 / -60
38.0039.001.001.34GP26-02
4.005.001.001.54E641644 / N6594988240 / -45
15.0038.2023.201.20incl.23.5026.703.204.68with.23.5024.501.0012.20GP26-03
29.0030.001.000.96E641639 / N6595021240 / -45
43.1250.006.882.06incl.46.0046.650.657.37GP26-04
17.2027.039.830.69E641621 / N6595022240 / -45incl.17.2017.700.504.15GP26-05
14.0021.107.101.06E641627 / N6595050240 / -45
39.0040.001.008.95GP26-06
18.0020.302.300.73E641602 / N6595039240 / -45GP26-07
67.5069.391.891.31E641606 / N6595017240 / -48
Notes:
Results shown are assays from samples of varying length (typically 1 m) composited into longer intervals with a minimum lower cut-off of 0.5 g/t Au, and maximum 5 metres of consecutive waste defined as < 0.3 g/t Au.Lengths shown represent core length. True thickness of the mineralized intercepts is expected to be approximately 80% of the core length based on the dominant mineralized quartz vein orientations, however this may vary on an individual sample basis.Sample locations are provided in NAD83 UTM Zone 12N. Hole azimuths are true north. Technical Disclosure & Qualified PersonAll exploration drilling is being carried out with NQ diameter. Core trays are transported directly from the drill rig to the Company's logging facility in Uranium City. Sample intervals are selected for assay based on observations of lithology type, presence of quartz veins and sulphides. These intervals are marked up for continuous sampling with one metre sample increments (adjusted where necessary to not cross lithological boundaries). Core is sawn in half along the core axis for sampling, with the remaining half preserved and stored in the core box. Samples are bagged and placed in plastic pails sealed with security tags for export by air freight to Saskatoon (CA).All samples are being processed at SRC Geoanalytical Laboratories in Saskatoon. Samples from Golden Pond were carried out by fire assay, which includes; (1) crushing and homogenization of the entire sample; (2) split off a representative 1 kg split for analysis; (3) pulverizing the split with 95 % passing 150 mesh; (4) single fire assay (gravimetric finish) of a 30 g split from the -150 mesh fraction.Certified reference blank and standard material is being used by the Company for independent QAQC of assay results. QAQC samples are inserted into assay sample sequences and results are reviewed to assess for any potential laboratory contamination and to verify assay accuracy and precision. A selected suite of samples will also be sent to another laboratory for additional "umpire" assay testing to further verify the results.Historical exploration results for Golden Pond derive from assessment reports 74N08-0150, 74N08-0131, 74N07-0328, and 74N07-0315. These reports and supporting datasets are available for download from the Saskatchewan Mineral Assessment Database ("SMAD"). Accordingly, historical results have not been verified and there is a risk that any future confirmation work and exploration may produce results that substantially differ from the historical results. The Company considers historical results relevant to assess the mineralization and economic potential of the property.The Goldfields MRE, prepared in accordance with NI 43-101 and the CIM Definition Standards, comprises 24.0 Mt at 1.28 g/t Au for 0.99 Moz in the Indicated category and 7.4 Mt at 0.90 g/t Au for 0.21 Moz in the Inferred category, effective September 11, 2025, including Box: 16.2 Mt at 1.41 g/t Au for 0.73 Moz Indicated and 3.4 Mt at 1.04 g/t Au for 0.11 Moz Inferred, and Athona: 7.8 Mt at 1.02 g/t Au for 0.26 Moz Indicated and 4.0 Mt at 0.78 g/t Au for 0.10 Moz Inferred. Details of the Goldfields MRE are available in the Updated PEA for Goldfields, and are provided in the technical report titled "Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada", dated October 20, 2025, prepared by Kevin Murray, P.Eng.; Scott C. Elfen, P.E.; James Millard, P.Geo.; Jonathan Cooper, P.Eng.; Marc Schulte, P.Eng.; Cliff Revering, P.Eng.; and Ron Uken, Pr.Sci.Nat. for Fortune Bay Corp. The technical report is available under the Company's issuer profile on SEDAR+ (www.sedarplus.ca) and on the Company's website at www.fortunebaycorp.com.The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick P.Geo., Vice-President Technical Services of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.About Fortune BayFortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.On behalf of Fortune Bay Corp."Dale Verran"
Chief Executive Officer
902-334-1919Cautionary StatementInformation set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Fortune Bay Corp. Original: Fortune Bay Drills 1.20 g/t Gold over 23.2 m and Extends Shallow Mineralized System at Golden Pond, Goldfields

Fortune Bay Drills 9.9 g/t over 7.0 m within 3.7 g/t over 21.0 m in Large Step-Out from Box DepositApril 21, 2026 6:00 AM
PR Newswire (Canada)

High-Grade Step-Out Supports Resource Growth Potential and Reinforces Upside at GoldfieldsHALIFAX, NS, April 21, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to report new high-grade drill intersections from a large step-out hole from the Box Deposit, located within its 100% owned Goldfields Gold Project ("Goldfields" or the "Project") in Saskatchewan.Highlights:3.70 g/t Au over 21.0 m from 342.0 m to 363.0 m, including 9.89 g/t Au over 7.0 m, intersected in hole B26-350Large 135 metre step-out from previous drilling at the Box Deposit – the furthest down-dip drill hole to dateIntercept is located 140 metres outside of the current open-pit constrained Mineral Resource Estimate ("MRE") and 140 metres down-plunge of previous Zone A high-grade intercepts including 18.05 g/t over 6.0 m, 5.16 g/t over 12.0 m and 8.35 g/t over 9.0 mMineralization remains wide open at depth and through the Goldfields SynclineResult supports meaningful mineral resource growth potential at Goldfields"This result shows that the Box deposit continues well below the current pit-constrained resource," commented Gareth Garlick, VP Technical Services. "B26-350, the largest step-out hole drilled at Box so far, returned a strong high-grade result well beyond the current resource boundary, and the mineralization remains open at depth. This points to clear potential to grow the deposit and supports our view that the Goldfields Syncline hosts a much larger gold system."Drill Hole Details and Assay ResultsThe Box Deposit remains a key target for mineral resource growth at Goldfields, particularly below the limits of the current pit-constrained Mineral Resource Estimate ("MRE"). As part of the 2025/2026 winter drilling program, the Company completed two large step-out holes, B26-350 and B26-349, to test the down-dip and southern extents of the mineralizing system below the Box deposit and more broadly evaluate the potential of the Goldfields Syncline.Drill hole B26-350 was designed as a large 135 metre step-out hole and represents the furthest down-dip hole drilled at Box to date. The hole successfully confirmed the continuation of strong gold mineralization at depth within the Box Mine Granite ("BMG"), returning 3.7 g/t Au over 21.0 metres, including 9.9 g/t Au over 7.0 metres, with mineralization remaining wide open. This high-grade intersection is located approximately 140 metres outside of the current open-pit constrained MRE and 140 metres down-plunge of Zone A that includes drill intersections of 18.05 g/t over 6.0 m (231.4 to 237.4 m; B07-294), 5.16 g/t over 12 m (231 to 243 m; B11-316) and 8.35 g/t over 9.0 m (240 to 249 m; B07-292) (see Figure 1). These results further support the potential for future mineral resource expansion.A second large step-out hole, B26-349, was completed approximately 80 metres along strike from B26-350 and 140 metres down-dip of previous drilling to test the southern extent of the system. The hole returned multiple mineralized intervals within the BMG, including high-grade intervals of 6.46 g/t Au over 1.0 metre and 6.21 g/t Au over 1.0 metre. These results further support the strength and continuity of the Box mineralizing system and highlight the potential for additional resource growth in this area.These results build on the three initial drill holes previously reported in the Company's news release dated March 3, 2026, which also confirmed the continuation of high-grade mineralization at depth.All three of the initial Box holes (B25-346, B25-347 and B25-348) and the two subsequent large step-out holes (B26-349 and B26-350), completed as part of the winter 2025-2026 drilling program, successfully intersected the mineralized BMG at or near the depths predicted by the geological model. Observed mineralization characteristics, including quartz vein orientation, thickness, and vein density, are consistent with those documented elsewhere within the deposit, demonstrating strong continuity of the mineralizing system.Higher gold grades at the Box Deposit are typically associated with discrete north-south trending structural zones exhibiting increased quartz vein intensity. These higher-grade zones, which extend below the base of the Updated Preliminary Economic Assessment ("Updated PEA") open pit, present attractive targets for follow-up delineation drilling aimed at expanding mineral resources.Current exploration drilling at Box is oriented toward the east at moderate dips in order to intersect the structural zones at the highest possible angle, closest to true thickness, while also maximizing internal coverage of the BMG in each hole. The two large step-out holes were drilled at dips of -66 to -68º to maintain a high angle of intersection with the structural zones, but minimize excessively long hole lengths that would be associated with shallower angles.Table 1: Assay results for drill holes B26-349 and B26-350.Hole ID
From (m)To (m)Length (m)Au (g/t)Collar
LocationAzimuth /
DipB26-350
342.00363.0021.003.70E640315 /
N6592823095 / -66incl.356.00363.007.009.89
383.00387.004.001.31
397.00401.004.001.39
439.00440.001.001.32B26-349
355.00359.004.000.55E640235 /
N6592760100 / -68
375.00381.006.001.31
422.00426.004.001.96
440.00441.001.001.67Notes:1. Results shown are assays from samples of varying length (typically 1 metre) composited into longer intervals with a minimum lower cut-off of 0.5 g/t Au, and maximum 5 metres of consecutive waste defined as < 0.3 g/t Au.2. Lengths shown represent core length. True thickness of the mineralized intercepts is expected to be approximately 75% of the core length based on the dominant mineralized quartz vein orientations at Box, however this may vary on an individual sample basis.3. Drill hole locations are provided in NAD83 UTM Zone 12N. Hole azimuths are true north.The Company is continuing detailed geological and structural analysis of the drill cores from B26-350, together with results from previous drilling, to refine its understanding of controls on higher-grade mineralization and support targeting for future drill programs. The intersection further supports the potential for the delineation of mineral resources beneath the current conceptual pit limits.2025-2026 Winter Exploration Drilling Program: Golden Pond and Frontier Assays PendingThe Company has now completed its 2025/2026 winter exploration drilling program at Goldfields that consisted of 15 exploration drill holes (3,701 metres) (see Figure 2). The objective of the program was to commence targeting potential resource additions in proximity to planned mine infrastructure.Assay results have now been received and reported for all five drill holes completed at the Box deposit, while results for the seven holes drilled at Golden Pond (578 assays) and three holes drilled at Frontier (135 assays) remain pending. Turnaround times for the remaining assays have been longer than expected due to delays at the independent analytical laboratory, a matter outside of the Company's control.Additional exploration drilling is planned for Athona West and Triangle.Technical Disclosure & Qualified PersonAll exploration drilling is being carried out with NQ diameter. Core trays are transported directly from the drill rig to the Company's logging facility in Uranium City. Sample intervals are selected for assay based on observations of lithology type, presence of quartz veins and sulphides. These intervals are marked up for continuous sampling with one metre sample increments (adjusted where necessary to not cross lithological boundaries). Core is sawn in half along the core axis for sampling, with the remaining half preserved and stored in the core box. Samples are bagged and placed in plastic pails sealed with security tags for export by air freight to Saskatoon (CA).All samples are being processed at SRC Geoanalytical Laboratories in Saskatoon. Samples from the Box deposit are analysed by a screened metallics method, which includes; (1) crushing and homogenization of the entire sample; (2) split off a representative 1 kg split for analysis; (3) pulverizing the split with 95 % passing 150 mesh; (4) screening the split at 150 mesh; (5) assay the entire +150 mesh fraction; (6) duplicate assay of two 30 g splits of the -150 mesh fraction; and (7) calculation of the weighted average gold content (in g/t) for the entire sample. Assay is carried out by fire assay with a gravimetric finish.Certified reference blank and standard material is being used by the Company for independent QAQC of assay results. QAQC samples are inserted into assay sample sequences and results are reviewed to assess for any potential laboratory contamination and to verify assay accuracy and precision. A selected suite of samples will also be sent to another laboratory for additional "umpire" assay testing to further verify the results.The Goldfields MRE, prepared in accordance with NI 43-101 and the CIM Definition Standards, comprises 24.0 Mt at 1.28 g/t Au for 0.99 Moz in the Indicated category and 7.4 Mt at 0.90 g/t Au for 0.21 Moz in the Inferred category, effective September 11, 2025, including Box: 16.2 Mt at 1.41 g/t Au for 0.73 Moz Indicated and 3.4 Mt at 1.04 g/t Au for 0.11 Moz Inferred, and Athona: 7.8 Mt at 1.02 g/t Au for 0.26 Moz Indicated and 4.0 Mt at 0.78 g/t Au for 0.10 Moz Inferred. Details of the Goldfields MRE are available in the Updated PEA for Goldfields, and are provided in the technical report titled "Goldfields Project Updated NI 43-101 Technical Report & Preliminary Economic Assessment, Saskatchewan, Canada", dated October 20, 2025, prepared by Kevin Murray, P.Eng.; Scott C. Elfen, P.E.; James Millard, P.Geo.; Jonathan Cooper, P.Eng.; Marc Schulte, P.Eng.; Cliff Revering, P.Eng.; and Ron Uken, Pr.Sci.Nat. for Fortune Bay Corp. The technical report is available under the Company's issuer profile on SEDAR+ (www.sedarplus.ca) and on the Company's website at www.fortunebaycorp.com.The technical and scientific information in this news release has been reviewed and approved by Gareth Garlick P.Geo., Vice-President Technical Services of the Company, who is a Qualified Person as defined by NI 43-101. Mr. Garlick is an employee of Fortune Bay and is not independent of the Company under NI 43-101.Engagement of Market Maker ServicesThe Company has retained Red Cloud Securities Inc. ("Red Cloud") to provide market stabilization and liquidity services in accordance with policies of the TSXV. Under the agreement, Red Cloud will trade the securities of the Company on the TSXV, adhering to regulatory exchange policies, to maintain market stability and liquidity for the Company's common shares ("Services").In consideration of the Services, the Company will pay Red Cloud $6,000 per month during the term, payable monthly.  The term of engagement is ongoing and may be terminated by either party on 30 days' prior written notice. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares.  Red Cloud will not receive any shares or options from the Company as compensation for Services it will render. Red Cloud is arm's length to the Company and will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.Red Cloud Securities Inc. is a Toronto-based Investment Dealer and a member of the Canadia Investment Regulatory Organization (CIRO), focused on providing a full range of brokerage services to all investor types focused in the junior resource sector. Its services include Investment Banking, Research, Institutional and Retail Trading, Institutional Sales, and Retail Investment Advisory services.About Fortune BayFortune Bay Corp. (TSXV:FOR; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.On behalf of Fortune Bay Corp."Dale Verran"
Chief Executive Officer
902-334-1919Cautionary StatementInformation set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.










SOURCE Fortune Bay Corp.

Original: Fortune Bay Drills 9.9 g/t over 7.0 m within 3.7 g/t over 21.0 m in Large Step-Out from Box Deposit

FORTUNE BAY ANNOUNCES MARKETING AGREEMENTSFebruary 5, 2026 6:30 AM
PR Newswire (Canada)

HALIFAX, NS, Feb. 5, 2026 /CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") announces that it has retained Machai Capital Inc. ("Machai") to provide digital marketing services on behalf of the Company. Machai will provide certain digital marketing services in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.







The marketing campaign will be launched immediately and continue for an initial three-month term, pursuant to which Machai will receive $400,000 and 175,000 stock options exercisable at $0.90 per share. The stock options will vest at a rate of 25% per quarter and expire one year from the issue date.Machai specializes in the metals and mining, technology, and special situations sectors. Machai will provide digital marketing services with branding, content and data optimization to assist the Company to create in-depth marketing campaigns, tracking, organizing and executing the Services through Search Engine Optimization (SEO), Search Engine Marketing (SEM), Lead Generation, Digital Marketing, Social Media Marketing, Email Marketing, and Brand Marketing. Suneal Sandhu is the President and sole owner of Machai, which is based in Surrey, BC.Machai is arm's length to the Company and has no other relationship with the Company other than under the marketing agreement. Machai has no direct or indirect interest in the securities of the Company other than the stock options.In October 2025, the Company engaged Peter Epstein of Epstein Research, a private company headquartered in Upper Saddle River, New Jersey, to provide marketing and advertising services to increase awareness of the Company. The cost of the three-month agreement was US $6,000 payable in advance. Epstein Research is arm's length to the Company and currently holds no securities in the Company.The marketing agreements are subject to TSX-V approval.About Fortune BayFortune Bay Corp. (TSXV:FOR; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and development company with assets in Canada and Mexico. The Company's primary focus is advancing the Goldfields Gold Project in Saskatchewan, Canada. Fortune Bay also holds the Poma Rosa Gold-Copper Project in Chiapas, Mexico, as well as an optioned uranium project portfolio in the Athabasca Basin of Saskatchewan. Fortune Bay continues to evaluate and advance its portfolio in a disciplined manner while maintaining a strong technical foundation and prudent capital management. For more information, please visit www.fortunebaycorp.com or contact info@fortunebaycorp.com.On behalf of Fortune Bay Corp."Dale Verran"
Chief Executive Officer
902-334-1919Cautionary StatementInformation set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates", "continues", "may", variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements, and include, but are not limited to, statements with respect to: the results of the Updated PEA, including future Project opportunities, future operating and capital costs, closure costs, AISC, the projected NPV, IRR, timelines, permit timelines, and the ability to obtain the requisite permits, economics and associated returns of the Project, the technical viability of the Project, the market and future price of and demand for gold, the environmental impact of the Project, and the ongoing ability to work cooperatively with stakeholders, including Indigenous Nations, local Municipalities and local levels of government. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward- looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate Indigenous Nations and local Municipalities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. For more information on Fortune Bay, readers should refer to Fortune Bay's website at www.fortunebaycorp.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Fortune Bay Corp.

Original: FORTUNE BAY ANNOUNCES MARKETING AGREEMENTS

Here is info on "Poma Rosa": https://www.news-in-industry.com/cangold-terminates-option-on-ixhuatan-gold-silver-project-182238.html

"The Company was given a prepared statement on Friday, September 7 by the Ejido San Isidro Las Banderas („San Isidro“), a local farming community, indicating that the community members had voted unanimously to ban any and all future mining-related activity on lands controlled by the ejido. As this ejido is the largest and most influential in the Ixhuatan Project area and controls the surface rights to the Campamento Deposit, Cangold management has terminated the option agreement."

The "Poma Rosa (previously Ixhuatán) Gold-Copper Project, Chiapas, Mexico" has alreday been rejected for permitting when Brigus gold had it. They have let the fully permitted Goldfields sit for so long that it appears that it is no longer fully permitted and will cost a lot of time and money to get it back to where it was. These folks are clowns, and will mine nothing but shareholders money.

If Goldfields is what they say it is, why has it sat for so many years with no development? Instead they run around spending more shareholders money and drawing their paychecks. Every other press release is about selling shares. These folks seem to be good at mining shareholders wallets, but nothing else.

The property Fortune Bay has in Mexico that they tout has "Ixhuatán Copper-Gold Project" has already been rejected for permitting. The folks running this company IMHO are only interested in mining investors pockets.

Beware, these folks have supposedly had, for years, a fully permitted gold property with nearly a million ounces of gold. They claim that it is a very low cost of infrastructure to develop this mine, yet they are still chasing other opportunities. It looks to me like they are not interested in developing anything for mining other than other peoples pockets.

25 you can do it!

I seew these folks are still mining nothing but investors pockets. They have a fully permitted, feasible gold property, and rather than mine it they are off exploring for uranium. Why would they not concentrate on what they already have, get some cash flow and then do other things? I also see they keep giving them selves more stock also? What a scam.

Wow, no surprise here. These scammers are still doing the same exploration they have been doing for years. They are still mining shareholders $$$.
This has been nothing but a scam since they were spun off.

Nuthin much goin on today --Boys

They keep doing private placements for exploration money. I have not seen any assays or exploration results. The property has been mine approved for years an supposedly has large open pit reserves. Why do dilution for exploration $. There is something very wrong here. It seem they are mining only investors pockets. JMHO

No news other than stock options and dilution since the creation of the company. They have a feasible and fully permitted gold property they have been sitting on for years (since before the creation of Fortune Bay) Yet they seem content to increase payroll, draw fat paychecks and do nothing.
My advice is STAY AWAY

These scammers have been drawing big paychecks for years on nothing but failure. Award them selves bonuses and raise $ to pay them selves while touting a property where they have already been turned away and know they cant get permitted to mine. All the while they have a proven property that has fully approved to mine for years, on which thy have not turned a shovel. It seems to me these folks want money for nothing and have no interest in shareholders value. I know for a fact they were made a good offer on the mining approved property long ago and turned it down. The name of the game here seems to be to preserve paychecks for the scammers.

These jokers are still scamming along to get those paychecks.

They keep mentioning the Ixhuatán Project located in the Chiapas State of Mexico and forget to mention that permitting has already been turned down on that property. This thing has turned out to be just another scam. They do have one property that is permitted and ready to go, but they dont seem to be at all motivated to do anything but draw pay checks and employ their friends. Since the spin off they have increased nothing bu payroll.

They must have soaked up most of the money and now are selling more shares to keep collecting their pay.
The following is garbage.
"The gross proceeds of the Offering will be used to fund ongoing operating costs and the maintenance and further exploration at Fortune Bay's Goldfields Project and Ixhuatán Project."
The Goldfield project is already explored, approved and ready to go, and the Ixhuatán Project can not be permitted. They will do ZERO exploration.

http://www.4-traders.com/FORTUNE-BAY-CORP-16030542/news/Fortune-Bay-to-complete-non-brokered-private-placement-25851568/

These folks are content to sit there and bleed the company dry. I could be wrong, but I doubt we will ever see any movement here.

We may need lots of patience...

I truly wish you good luck with that. I am still holding a few.

Added today. A small holding. I can wait a little.
g.p.

No update from these folks in a year and a half.

Wow, all the news FOR is putting out.

We will eventually hear something. When they have gone through the cash, they will be wanting more to pay them-selves. What a pitiful excuse for a company.

I guess if one does not mind a group of slouches sitting around collecting paychecks for doing nothing while sitting on a valuable already permitted gold project then this position is OK. I do know they had at least one excellent offer on the project.

Not so sure about that. Still have a few shares of both FOR and KSI and can't really complain.
g.p.

Companies like Fortune Bay are what give pennies a bad name.

Partly agree, but then, so many are like that.
Here's what TD shows for KSI:
'Kneat.com Inc, formerly Fortune Bay Corp, is a Canada-based software company, which develops and markets the Kneat Gx software platform. Kneat Gx software platform enables an end-to-end paperless process for all validations, commissioning and qualification, production execution and quality document management. The platform Kneat Gx allows users to electronically create, approve and execute all deliverables, manage any exceptions and post approve final deliverables in a controlled FDA 21 CFR Part 11 compliant platform. Users with correct permissions can see everything in real time. Customer case studies are reporting productivity improvements in excess of 100% and a higher compliance standard.'
It also shows a book value of .18 ....
g.p.

No real news from them either. No one in their right mind invests in companies that dont keep investors up to date. These idiots seem to be sitting on their hands and drawing a paycheck on the investors money.

There is still a connection with KSI (Kneat.com) that could help.
g.p.

Looks like nothing was imminent. Wish they would just sell the property they are sitting on. They are obviously not going to do anything with itIt seems they will be content to draw their checks until the $ run out.

That would be nice, but not holding my breath.

Perhaps, something is imminent?
Good close, yesterday.
g.p.

Other than dealing stock options to them selves and making the acquisition of Kneat.com Fortune Bay has done nothing since the sale of Black Fox. What are these idiots doing to earn their pay? NOTHING

Nice to be kept up to date on company events. Or should I say non events.

Not much of a company here

Just checking in to report no news.

Still no new from these idiots, but the share price is going up? They do have good assets, but seem to have very poor management.

Wondering why this went up today (though on low volume) with no news?

Maybe we will get some kind of news by this time next year.

Still no news. These folks seem to be sitting and drawing their income with no desire to do anything.

Still no news. No real news since June. These folks are real winners.

I wish these idiots would just sell the project if they are not going to do anything with it. A good project permitted and ready to go, just sitting there while these jokers are wasteing the cash on unnecessary payroll.

I like the looks of the chart on this page. I wish it was fortune bays.

Not a bad deal. I hope they now become a little more investor friendly.

From my old FOR holdings (also small), got one new
FOR for every two and one KSI for every 3.
Currently, that's about a $1.35 value for .$0.95.
g.p.