fury_ex991
Exhibit 99.1
Form 51-102F3
Material Change Report
Item 1 Name and Address of Company
Fury
Gold Mining Limited (“Fury Gold”)
Suite
900 – 34 King Street East
Toronto,
Ontario
M5M
2X8
Item 2 Date of Material Change
August
18, 2021
Item 3 News Release
A news
release with respect to the material change referred to in this
report was disseminated via Canada Newswire on August 18, 2021 and
filed on the system for electronic document analysis and retrieval
(SEDAR) and EDGAR.
Item 4 Summary of Material Change
On
August 18, 2021 Fury Gold announced 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. Tim Clark, a current director of the Company
who also serves on the Audit Committee, has been appointed to the
position of Chief Executive Officer.
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
On
August 18, 2021 Fury Gold announced 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. Tim Clark, a current director of the Company
who also serves on the Audit Committee, has been appointed to the
position of Chief Executive Officer.
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.
Item 6 Reliance on subsection 7.1(2) of National Instrument
51-102
Not
Applicable.
Item 7 Omitted Information
No
significant facts remain confidential and no information has been
omitted in this material change.
report.
Item 8 Executive Officer
For
further information, contact Lynsey Sherry, Chief Financial Officer
of Fury Gold at 844-601-0841.
Item 9 Date of Report
August
30, 2021