# FORTUNE BAY APPOINTS SENIOR MINING ADVISOR AND PROVIDES GOLDFIELDS PROJECT UPDATE *2025-12-18T06:00:00-05:00* FORTUNE BAY APPOINTS SENIOR MINING ADVISOR AND PROVIDES GOLDFIELDS PROJECT UPDATE Canada NewsWire _Strengthening the Technical Team as Goldfields Advances Toward Pre-Feasibility_ HALIFAX, NS, Dec. 18, 2025/CNW/ - Fortune Bay Corp. (TSXV: FOR) (FWB: 5QN) (OTCQB: FTBYF) ("Fortune Bay" or the "Company") is pleased to announce the appointment of Ronald (Ron) Halas, P.Eng., as Senior Mining Advisor for its Goldfields Gold Project in Saskatchewan, and to provide an update on recent exploration and development activities at Goldfields. [](https://mma.prnewswire.com/media/2848384/Fortune_Bay_Corp__FORTUNE_BAY_APPOINTS_SENIOR_MINING_ADVISOR_AND.html) **Highlights:** - **Senior Mining Advisor Appointment**– Ron Halas, P.Eng. brings over 35 years of global gold mining experience, including most recently as Chief Operating Officer of Lumina Gold Corp., where he led feasibility-level advancement of the Cangrejos gold-copper project prior to its acquisition by CMOC Group in 2025. - **Exploration Drilling Underway**– Exploration drilling is advancing at the Box deposit, with 1,125 metres completed in late 2025. Drilling is focused on down-dip step-outs well outside of the mine pit outlined in Fortune Bay's [2025 Updated Preliminary Economic Assessment](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4583469-1&h=2586721223&u=https%3A%2F%2Ffortunebaycorp.com%2Fnews%2Fpost%2Ffortune-bay-announces-updated-pea-for-goldfields-saskatchewan&a=2025+Updated+Preliminary+Economic+Assessment)("Updated PEA"). First-batch of assay results are expected in late January 2026. - **Pre-Feasibility Study **– Project development work toward a Pre-Feasibility Study ("PFS") is well underway, including ongoing metallurgical test work and planning for additional geotechnical, metallurgical, and geochemical studies to support PFS-level study in 2026. - **Permitting and Environmental Progress**– Permitting activities are advancing, with a community engagement tour completed in November 2025. Results from environmental baseline studies are expected in January 2026, supporting planned regulatory engagement in Q1 2026. Dale Verran, Chief Executive Officer of Fortune Bay, commented _"At Goldfields, we are advancing toward a Pre-Feasibility Study while progressing permitting and stakeholder engagement activities. Ron's appointment comes at an important time for the project. He brings deep, hands-on experience across the lifecycle of gold mining projects, from feasibility studies through mine construction and operations. His practical, execution-focused perspective significantly strengthens our technical team as this work continues."_ Ron Halas, Senior Mining Advisor, added _"Goldfields is an excellent project with strong fundamentals, and I am pleased to be assisting Fortune Bay at a pivotal stage in its advancement. With project development and permitting activities gaining momentum, this is an opportune time to apply my experience in support of Fortune Bay's disciplined approach to project development. I look forward to working closely with the team to help unlock the project's potential."_ **Appointment of Senior Mining Advisor** Fortune Bay has appointed Ronald (Ron) Halas, P.Eng., as Senior Mining Advisor for the Goldfields Gold Project. Mr. Halas will work with Fortune Bay on a consulting basis, providing direct input into project development planning and permitting activities as the project advances toward a PFS. Mr. Halas brings more than 35 years of global mining and project development experience, spanning open pit and underground gold mining, feasibility studies, mine construction, permitting, and operations. Most recently, Mr. Halas served as Chief Operating Officer of Lumina Gold Corp., where he led technical and operational activities supporting the advancement of the Cangrejos gold-copper project in Ecuadorthrough feasibility-level studies. Lumina Gold Corp. was subsequently acquired by CMOC Group in 2025, following the completion of key technical milestones. Prior to Lumina Gold Corp., Mr. Halas held senior executive and operational leadership roles with Global Atomic Corporation (Chief Operating Officer), Kinross Gold Corporation, IAMGOLD Corporation, Placer Dome, INCO (now Vale), and PT Freeport Indonesia, among others. His experience includes leadership roles at large-scale open pit and underground mining operations and the delivery of multiple feasibility studies across the Americas, Africa, and Asia. He has also served as a board member and technical advisor to several publicly listed mining companies. Mr. Halas holds a Bachelor of Mining Engineering from McGill Universityand a Graduate Diploma in Business Administration from Simon Fraser University, and is a re