<SEC-DOCUMENT>0001654954-20-011290.txt : 20201020
<SEC-HEADER>0001654954-20-011290.hdr.sgml : 20201020
<ACCEPTANCE-DATETIME>20201020172643
ACCESSION NUMBER:		0001654954-20-011290
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20201020
FILED AS OF DATE:		20201020
DATE AS OF CHANGE:		20201020

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FURY GOLD MINES LTD
		CENTRAL INDEX KEY:			0001514597
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38145
		FILM NUMBER:		201248965

	BUSINESS ADDRESS:	
		STREET 1:		600-1199 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3T5
		BUSINESS PHONE:		778-729-0600

	MAIL ADDRESS:	
		STREET 1:		600-1199 WEST HASTINGS STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6E 3T5

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AURYN RESOURCES INC.
		DATE OF NAME CHANGE:	20131119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GEORGETOWN CAPITAL CORP
		DATE OF NAME CHANGE:	20110307
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>aug_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 19px">&#xA0;<font style="font-weight: bold">UNITED STATES</font><br>
<font style="font-weight: bold">SECURITIES AND EXCHANGE
COMMISSION</font><br>
<font style="font-weight: bold">Washington, D.C.
20549</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 19px"><font style="font-family: Times New Roman;">&#xA0;</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 19px"><font style="font-weight: bold">FORM 6-K</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 19px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF
1934</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold">For the month of</font> <font style="font-weight: bold">October 2020<br></font></font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Commission File No.
<font style="font-weight: bold">001-38145</font></font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font><font style="font-size: 16px"><font style="font-weight: bold">Fury Gold Mines
Limited</font></font></font><br>
(Translation of registrant's name into English)</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold">Suite 600, 1199 West Hastings
Street</font><br>
<font style="font-weight: bold"><font style="text-decoration: underline">Vancouver, British Columbia, V6E 3T5
Canada</font></font><br>
(Address of principal executive office)</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Indicate by check mark
whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font><font style="font-size: 13px">Form
20-F&#xA0;&#xA0;[&#xA0; ]&#xA0;&#xA0;&#xA0; Form
40-F&#xA0;&#xA0;[X]</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1) &#xA0;[ ]</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7) &#xA0;[ ]</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px; background-color: white"><font>&#xA0;</font><font style="font-size: 13px"><font style="font-weight: bold">SUBMITTED
HEREWITH</font></font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold"><font style="text-decoration: underline">Exhibits</font></font></font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold">&#xA0;</font></font><br></div>
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<div style="text-align: left; display: table-cell; width: 48px">
<font style="color: #000000"><font style="font-size: 13px; font-family: Times New Roman"><a href="fury_ex991.htm">99.1</a><br></font></font></div>
<div style="text-align: left; display: table-cell"><font style="font-family: Times New Roman; font-size: 13px">Material Change
Report</font>&#xA0; <font style="font-family: Times New Roman; font-size: 10"><br></font></div>
</div>
</div>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px"><font style="font-weight: bold">SIGNATURE</font></font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px">&#xA0;</font></div>
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</td>
<td colspan="2" rowspan="1" style="vertical-align: bottom; width: 38%;">
<div><font style="font-size: 13px; font-family: Times New Roman"><font style="font-weight: bold">Fury Gold Mines
Limited<br></font></font></div>
</td>
<td rowspan="1" style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<td style="vertical-align: top; width: 50%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">Date: October 20,
2020<br></font></div>
</td>
<td style="vertical-align: top; width: 3%; border-bottom: medium solid rgb(255, 255, 255);">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">By:&#xA0;&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 35%; border-bottom: 2px solid black; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman">/s/ Elizabeth
Senez<br></font></div>
</td>
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<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<td style="width: 3%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="vertical-align: bottom; width: 35%; white-space: nowrap;">
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px"><font style="font-size: 13px; font-family: Times New Roman"><font style="font-size: 13px; font-family: Times New Roman">Elizabeth
Senez</font></font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
</td>
<td style="width: 35%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">Interim
Chief Financial Officer<br></font></div>
</td>
<td style="width: 12%; vertical-align: top;">
<div style="margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-size: 13px; font-family: Times New Roman">&#xA0;</font></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>fury_ex991.htm
<DESCRIPTION>MATERIAL CHANGE REPORT
<TEXT>
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<title>fury_ex991</title>
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&#xA0; <font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Exhibit 99.1</font><br></font></div>
</div>
</div>
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</font></div>
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<font style="font-family: Times New Roman; font-size: 13px;">&#xA0;</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
FORM 51-102F3</font></div>
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
MATERIAL CHANGE REPORT</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">1.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">NAME
AND ADDRESS OF COMPANY</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Fury
Gold Mines Limited (&#x201C;<font style="font-weight: bold">Fury
Gold</font>&#x201D; or the &#x201C;<font style="font-weight: bold">Company</font>&#x201D;)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(formerly Auryn
Resources Inc.)</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">1199
West Hastings Street, Suite 600</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Vancouver, British
Columbia, Canada, V6E 3T5</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">2.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">DATE
OF MATERIAL CHANGE</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">October
9, 2020</font></div>
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<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">3.</font></div>
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RELEASE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">On
October 9, 2020, a news release of Fury Gold with respect to the
material change described below was disseminated by Fury
Gold<font style="color: #0000FF">&#xA0;</font>through Business Wire
and was filed on SEDAR under Fury Gold&#x2019;s corporate profile at
<font style="text-decoration: underline; color: #66435A">www.sedar.com</font>.</font></div>
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<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">4.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">SUMMARY
OF MATERIAL CHANGES</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">On
October 9, 2020, Fury Gold completed the spin-out of its Peruvian
assets to Fury Gold shareholders and the acquisition by Fury Gold
of all of the issued and outstanding common shares of Eastmain
Resources Inc. (&#x201C;<font style="font-weight: bold">Eastmain</font>&#x201D;).</font></div>
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<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">5.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">FULL
DESCRIPTION OF MATERIAL CHANGES</font></div>
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<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">5.1</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Full
Description of Material Change:</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">On
October 9, 2020 (the &#x201C;<font style="font-weight: bold">Closing</font>&#x201D;), Fury Gold, pursuant to
an arrangement agreement dated July 29, 2020 and amended by
addendum dated October 8, 2020, among Sombrero Resources Inc. and
Tier One Metals Inc. (together, the &#x201C;<font style="font-weight: bold">SpinCos</font>&#x201D; and each, a
&#x201C;<font style="font-weight: bold">SpinCo</font>&#x201D;) and
Fury Gold (under its former name, Auryn Resources Inc.
(&#x201C;<font style="font-weight: bold">Auryn</font>&#x201D;)) and
Eastmain (the &#x201C;<font style="font-weight: bold">Arrangement
Agreement</font>&#x201D;), completed, among other things, the
acquisition of Eastmain (the &#x201C;<font style="font-weight: bold">Transaction</font>&#x201D;). The Transaction
resulted in the creation of one stock exchange listed issuer, Fury
Gold, and two unlisted reporting issuers (the SpinCos). Fury Gold
is a Toronto headquartered Canadian-focused exploration and
development company positioned in three prolific mining regions
across the country. Full particulars of the Transaction are set out
in the information circular filed by Fury Gold (as Auryn) on SEDAR
on September 3, 2020.</font></div>
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<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Creation
of Fury Gold</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
Transaction, which included the change of name of the Company from
Auryn to Fury Gold, resulted in a Canadian-focused exploration and
development company positioned in three mining regions across the
country. In connection with the Transaction, the 112,340,434
outstanding (as of October 8, 2020) common shares of Auryn (the
&#x201C;<font style="font-weight: bold">Auryn Shares</font>&#x201D;)
were reorganized and consolidated into 75,900,000 Fury Gold common
shares (&#x201C;<font style="font-weight: bold">Fury Gold
Shares</font>&#x201D;), an effective consolidation ratio of
0.675626780 Fury Gold Shares for each Auryn common share
outstanding.</font></div>
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</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
following table sets out the Fury Gold Shares issued and issuable
on conclusion of the Transaction, effective October 9,
2020.</font></div>
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<table cellpadding="0" cellspacing="0" style="text-align: left; width: 100%; font-family: Times New Roman; font-size: 13px; margin: 0px auto 0px 0px;">
<tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Type of Security</font></div>
</td>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Eastmain Securities When Exchanged into Fury Gold (shares and
dilutives)</font></div>
</td>
<td style="vertical-align: bottom; width: 25%; border-top: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Auryn Securities Adjusted to Fury Gold (shares and
dilutives)</font></div>
</td>
<td style="vertical-align: bottom; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
Total Fury Gold Securities</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 25%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Common
Shares</font></div>
</td>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">34,100,000</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">75,900,000</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">110,000,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 25%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Financing</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">7,750,000</font></div>
</td>
</tr><tr>
<td style="vertical-align: top; width: 25%; border-left: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Subtotal
Shares</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">117,750,000</font></div>
</td>
</tr><tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Incentive
Options</font></div>
</td>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1,679,710<font style="font-size: 70%; vertical-align: top">(1)</font></font></div>
</td>
<td style="vertical-align: top; width: 25%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">2,461,184<font style="font-size: 70%; vertical-align: top">(2)</font></font></div>
</td>
<td style="vertical-align: top; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">4,140,894</font></div>
</td>
</tr><tr>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Warrants</font></div>
</td>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1,279,592<font style="font-size: 70%; vertical-align: top">(1)</font></font></div>
</td>
<td style="vertical-align: top; width: 25%; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">337,815<font style="font-size: 70%; vertical-align: top">(2)(3)</font></font></div>
</td>
<td style="vertical-align: top; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">1,617,407</font></div>
</td>
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<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Total
issued on a fully diluted basis</font></div>
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<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-bottom: 2px solid rgb(0, 0, 0);">
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</td>
<td style="vertical-align: top; width: 25%; border-right: 1pt solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">123,508,301</font></div>
</td>
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<font style="font-family: Times New Roman; font-size: 13px">Notes:</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(1)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
number of Fury Gold Shares issuable pursuant to the Eastmain
options and warrants outstanding on Closing was determined based on
an exchange ratio of 0.116685115 of a Fury Gold Share for each
underlying Eastmain common share.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(2)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">The
number of Fury Gold Shares issuable on exercise of options and
warrants of Fury Gold outstanding on Closing was determined based
on a consolidation ratio of 0.675626780 Fury Gold Shares for each
Auryn Share previously issuable. The exercise price of the Fury
Gold options will be subject to a downwards adjust to reflect the
distribution of the SpinCos based on the post completion volume
weighted average trading price of Fury Gold.</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<div style="display: table-cell; width: 48px"><font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">(3)</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;</font></div>
<div style="text-align: left; display: table-cell"><font style="color: #000000; font-family: Times New Roman; font-size: 13px">On
exercise of these Fury Gold warrants the holder will be entitled to
receive 0.6756 Fury Gold Share, one share of Sombrero Resources and
one share of Tier One Resources, for an exercise price of $2.96 per
warrant. The proceeds of the exercise will be split as to 80% for
Fury Gold, and 10% for each SpinCo.</font></div>
</div>
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<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">On
Closing of the Transaction, Shawn Wallace, Gordon Fretwell, and
Antonio Arribas stepped down from, and Blair Shultz and Michael
Hoffman were appointed to, the Board of Directors. Michael Timmins
was appointed as Chief Executive Officer and Elizabeth Senez
continues interim Chief Financial Officer of Fury Gold pending
selection of a successor to work in the Toronto area.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Concurrently with
Closing Fury Gold received approximately C$21.58 million pursuant
to its financing of 7,750,000 subscription receipts completed on
September 24, 2020, providing Fury Gold with approximately C$19.93
in available funds as of Closing as a result of cash payments to
the Spincos.</font></div>
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<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Shares
of Fury Gold commenced trading on the NYSE American on Monday,
October 12, 2020 and on the Toronto Stock Exchange on Tuesday,
October 13, 2020 (due to the Canadian Thanksgiving holiday) (ticker
symbol on both exchanges: FURY). The issue of Fury Gold Shares to
the holders of Auryn Shares was made, effective on October 15, 2020
and is expected to be made to the holders of Eastmain Shares
effective on October 21, 2020, for those shareholders holding
shares through brokerages and other intermediaries, and for
registered shareholders Fury Shares will only be issued subject to
the receipt of properly completed letters of transmittal the form
of which was mailed to each registered Auryn or Eastmain
shareholder, as applicable (and can be downloaded from the Fury
Gold website or from SEDAR).</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">Spin-out of Peruvian Assets into Sombrero
Resources Inc. and Tier One Metals Inc</font>.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">The
Transaction resulted in the creation the Sombrero Resources Inc.
(&#x201C;<font style="font-weight: bold">Sombrero</font>&#x201D;) and
Tier One Metals Inc (&#x201C;<font style="font-weight: bold">Tier
One</font>&#x201D;). An aggregate of 112,340,434 common shares of
each of Sombrero and Tier One were distributed to the shareholders
of the Company. The Company entered into a capitalization agreement
with each SpinCo. Pursuant to the capitalization agreements,
Sombrero received approximately C$8.7 million in cash, and Tier One
received approximately C$4.2 million in cash (being approximately
double the estimated amount disclosed in Fury Gold&#x2019;s
Management Information Circular dated September 3, 2020, due to the
exercise of Fury Gold options prior to the completion of the
Transaction). The amount transferred to each SpinCo is subject to
final adjustment within 30 days of Closing.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">In
addition to the transfer of assets against issuance of shares of
SpinCos, the capitalization agreements provide that each SpinCo
jointly and severally indemnify Fury Gold for (i) any liability or
obligation that the Company was obligated to pay in respect of the
prior ownership or operation of the assets transferred to the
SpinCos; and (ii) any liability for taxes payable by Fury Gold
arising from (A) the distribution of the assets to the SpinCos or
(b) the distribution of the shares of the SpinCo&#x2019;s to the
holders of Auryn Shares.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 48px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">For
further information concerning the Transaction please refer to Fury
Gold&#x2019;s management information circular dated September 3,
2020 and news dated October 9, 2020 filed on SEDAR under Fury
Gold&#x2019;s corporate profile at www.sedar.com.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table">
<div style="display: table-row">
<div style="display: table-cell; width: 48px"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">5.2&#xA0;</font></div>
<div style="text-align: justify; display: table-cell"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">Disclosure
for Restructuring Transactions:</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Not
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">6.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">RELIANCE
ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Not
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">7.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">OMITTED
INFORMATION</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Not
applicable.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">8.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">EXECUTIVE
OFFICER</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Mike
Timmins</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">President and Chief
Executive Officer</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">Fury
Gold Mines Limited</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">(778)
729-0600</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">www.furygoldmines.com</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
<div style="display: table;">
<div style="display: table-row;">
<div style="display: table-cell; width: 48px;"><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">9.</font></div>
<div style="text-align: justify; display: table-cell; margin-left: 0px; text-indent: 0px;"><font id="tab2" style="letter-spacing: 12px; color: black"></font><font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">DATE
OF REPORT</font></div>
</div>
</div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">October
19, 2020</font><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
<div><font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font>
<font style="font-family: Times New Roman; font-size: 10"><br>
</font></div>
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<div style="text-align: left; width: 100%; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
</div>
<div id="pb" style="text-align: center; margin-left: 0px; margin-right: 0px; margin-bottom: 6px; width: 100%; height: 1px; background-color: #000000">
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