fury_ex991
Exhibit
99.1
Fury Announces Executive Management Change
Toronto, Canada – August 18, 2021 – Fury Gold Mines
Limited (TSX and NYSE American: FURY) (“Fury” or the
“Company”) today announces that Michael Timmins has resigned as President,
Chief Executive officer and as a director of the Company, to focus
on professional and family commitments, effective
immediately.
The Company also announces that it has appointed Tim Clark, a
current director of the Company who also serves on the Audit
committee, to the position of Chief Executive Officer and Director
replacing Mr. Timmins. Mr. Clark brings 23 years of global capital
markets experience with numerous major US, European and Canadian
banks. Over the years, he has developed strong working
relationships with Tier 1 institutional investors throughout the
United States providing corporate strategy, and peer and financial
analysis and insights on corporates within the materials,
commodities and mining sectors. Mr. Clark holds a Bachelor of
Economics from the University of Massachusetts (Amherst) and a
Master of Business Administration in Finance and Accounting from
Vanderbilt University.
"On behalf of the board of directors, I would like to thank Mike
for his services over the last year and wish him well in his future
endeavours," said Ivan Bebek, Fury's Chair. "With Tim assuming the
senior leadership role, the Company which is undertaking aggressive
gold exploration programs with several high priority assays pending
and his strong capital markets background the outlook is extremely
well served to realize full value for all stakeholders in the
Company’s high quality high grade gold assets continues to
carefully consider opportunities to grow its business in a manner
that enhances our shareholders' investment."
About Fury Gold Mines Limited
Fury
Gold Mines is a Canadian-focused gold exploration company
strategically positioned in three prolific mining regions: James
Bay, Quebec; the Kitikmeot Region Nunavut; and the Golden Triangle,
British Columbia. Our vision is to deliver shareholder value
by aggressively growing our multi-million ounce gold portfolio
through additional significant gold discoveries in Canada. Fury
Gold Mines was formed in 2020 following Auryn Resources Inc.'s
reorganization and acquisition of Eastmain Resources Inc. Our core
values are trust, respect, integrity and accountability. We
actively engage with internal and external stakeholders in a
transparent and honest manner, holdings ourselves to the highest -
safety, governance and business standards. For more information on
Fury Gold Mines, visit www.furygoldmines.com
..
For further information on Fury Gold Mines Limited, please
contact:
Salisha Ilyas, Vice
President, Investor Relations
Tel: (844)
601-0841
Email: info@furygoldmines.com
Website:
www.furygoldmines.com