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Fortune Bay Corp. (TSXV: FOR,OTC:FTBYF) (FWB: 5QN) (OTCQB: FTBYF) (“Fortune Bay” or the “Firm”) offers an replace concerning current regulatory developments within the State of Chiapas, Mexico, that will have an effect on the Firm’s Rio Negro concession (Poma Rosa Venture), held via its wholly owned Mexican subsidiary, Linear Gold México, S.A. de C.V.
On November 19, 2025, the Authorities of the State of Chiapas revealed a decree establishing a state-level protected pure space often called the Zona Sujeta a Conservación Ecológica “Mina Banderas”, positioned within the Municipality of Pantepec. Primarily based on current assessment of the decree and related mapping, a portion of the designated space overlaps with the Firm’s Río Negro concession, which stays legitimate and in good standing below federal Mexican mining legislation. The overlapping space covers roughly 11% of the Rio Negro concession and features a portion of the Campamento gold-silver deposit and different close by exploration goal areas.
The Firm was lately made conscious of the protected pure space and the potential implications to the Rio Negro concession, and in response has filed an amparo (constitutional problem) earlier than the suitable federal court docket in Mexico. The amparo challenges the appliance of the Mina Banderas decree to the Río Negro concession on procedural and constitutional grounds, together with issues referring to due course of, session, and the interplay between state environmental measures and federally granted mining rights. The aim of the amparo is to protect the Firm’s rights below its present concession whereas the matter is reviewed by the court docket.
Throughout 2025 the Firm has made vital progress in advancing stakeholder engagement and assist for the Poma Rosa Venture, together with substantive dialogue and negotiation with native landowners concerning exploration agreements that may assist the resumption of field-based exploration actions. Engagement thus far has been performed in a respectful and clear method and in compliance with relevant legal guidelines. As of the date of this launch, the Firm doesn’t count on any speedy operational or monetary impression past potential timing uncertainty.
Fortune Bay is working intently with Mexican authorized counsel to evaluate the scope and implications of the decree and the amparo course of. The Firm will proceed to watch developments and can present additional updates as applicable.
About Fortune Bay
Fortune Bay Corp. (TSXV:FOR,OTC:FTBYF; FWB:5QN; OTCQB:FTBYF) is a Canadian mineral exploration and growth firm with property in Canada and Mexico. The Firm’s main focus is advancing the Goldfields Gold Venture in Saskatchewan, Canada. Fortune Bay additionally holds the Poma Rosa Gold-Copper Venture in Chiapas, Mexico, in addition to an optioned uranium undertaking portfolio within the Athabasca Basin of Saskatchewan. Fortune Bay continues to judge and advance its portfolio in a disciplined method whereas sustaining a powerful technical basis and prudent capital administration. For extra data, please go to www.fortunebaycorp.com or contact data@fortunebaycorp.com.
On behalf of Fortune Bay Corp.
“Dale Verran”
Chief Government Officer
902-334-1919
Cautionary Assertion
Info set forth on this information launch comprises forward-looking statements which might be primarily based on assumptions as of the date of this information launch. These statements mirror administration’s present estimates, beliefs, intentions, and expectations. They don’t seem to be ensures of future efficiency. Phrases resembling “expects”, “goals”, “anticipates”, “targets”, “targets”, “tasks”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “continues”, “could”, variations of such phrases, and related expressions and references to future durations, are supposed to establish such forward-looking statements, and embody, however should not restricted to, statements with respect to: the outcomes of the Up to date PEA, together with future Venture alternatives, future working and capital prices, closure prices, AISC, the projected NPV, IRR, timelines, allow timelines, and the power to acquire the requisite permits, economics and related returns of the Venture, the technical viability of the Venture, the market and future value of and demand for gold, the environmental impression of the Venture, and the continuing capacity to work cooperatively with stakeholders, together with Indigenous Nations, native Municipalities and native ranges of presidency. Since forward-looking statements are primarily based on assumptions and deal with future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Though these statements are primarily based on data at present out there to the Firm, the Firm offers no assurance that precise outcomes will meet administration’s expectations. Dangers, uncertainties and different components concerned with forward- wanting data might trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data. Ahead wanting data on this information launch contains, however will not be restricted to, the Firm’s targets, targets or future plans, statements, exploration outcomes, potential mineralization, the estimation of mineral assets, exploration and mine growth plans, timing of the graduation of operations and estimates of market situations. Elements that would trigger precise outcomes to vary materially from such forward-looking data embody, however should not restricted to failure to establish mineral assets, failure to transform estimated mineral assets to reserves, the shortcoming to finish a feasibility research which recommends a manufacturing resolution, the preliminary nature of metallurgical check outcomes, delays in acquiring or failures to acquire required governmental, environmental or different undertaking approvals, political dangers, incapability to meet the obligation to accommodate Indigenous Nations and native Municipalities, uncertainties referring to the supply and prices of financing wanted sooner or later, adjustments in fairness markets, inflation, adjustments in change charges, fluctuations in commodity costs, delays within the growth of tasks, capital and working prices various considerably from estimates and the opposite dangers concerned within the mineral exploration and growth business, and people dangers set out within the Firm’s public paperwork filed on SEDAR. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking data on this information launch are cheap, undue reliance shouldn’t be positioned on such data, which solely applies as of the date of this information launch, and no assurance will be provided that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, apart from as required by legislation. For extra data on Fortune Bay, readers ought to check with Fortune Bay’s web site at www.fortunebaycorp.com.
Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
SOURCE Fortune Bay Corp.
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