Fury Explorations Ltd.

Fury Explorations Ltd.

January 30, 2007 09:31 ET

Fury Receives Taylor Mill Evaluation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2007) - Fury Explorations Ltd. (the "Company") (TSX VENTURE:FUR) announces completion of an independent technical evaluation of the Company's Taylor Mill near Ely, Nevada.

Fury retained Marston & Marston, Inc. of Denver, Colorado to conduct a preliminary evaluation of the Taylor Mill and Plant Facilities associated with the Taylor Silver Project. The evaluation estimates costs of US $2.5 million (exclusive of permitting and engineering) for rehabilitation of the plant as a silver cyanidation processing unit.

"The budget associated with rehabilitating the Taylor Mill is very encouraging, as it indicates the potential for Fury to attain silver production while incurring minimal capital costs," remarked Fury's President, Steve Vanry. "The study also confirms the Company's initial assessment that the mill is in good condition and was carefully decommissioned prior to being placed on a care and maintenance basis."

The Company cautions that estimated capital expenditures to rehabilitate the Taylor Mill is based upon a conceptual level study and is therefore preliminary in nature and subject to change, particularly in light of increasing costs currently being experienced across the mining industry. Costs associated with providing for tailings disposal are expected to be material, and will be disclosed when a plan has been formulated.

Fury is well positioned for the possibility of entering into commercial production and further growth. The Company currently has 25.7 million shares issued and working capital totaling approximately $8 million.


On Behalf of the Board,

Steve Vanry, CFA - President

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the corporations' periodic filings with Canadian Securities Regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Statements in this press release other than purely historical information, including statements relating to the company's future plans and objectives or expected results, constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the company's business, including risks inherent in mineral exploration and development. The company does not assume the obligation to update any forward-looking statement.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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