Fury Explorations Ltd.
TSX VENTURE : FUR

Fury Explorations Ltd.

March 21, 2007 09:01 ET

Drilling at Fury's Taylor Silver Property Continues to Define and Indicate Strong Potential for Expansion of Open Pit Resources

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2007) - Fury Explorations Ltd. (the "Company") (TSX VENTURE:FUR) announces the results of an additional 24 drill holes from its Taylor silver property located near Ely, Nevada. These results are significant as they indicate continuity of mineralization within the existing historical resource and provide good potential for its expansion. Of particular interest are four infill holes drilled in the main pit, which encountered long intercepts of silver mineralization beneath those historically outlined. These four holes also bottomed in mineralization, leaving the zone open for further expansion at depth.



DRILL HIGHLIGHTS:

Infill Holes:
FT36 - 70 ft (21.3 m) grading 102.0 g/t Ag and 0.10 g/t Au
FT39 - 35 ft (10.7 m) grading 91.4 g/t Ag and 0.17 g/t Au
FT44 - 65 ft (19.8 m) grading 106.9 g/t Ag
and - 45 ft (13.7 m) grading 73.5 g/t Ag
FT45 - 95 ft (29.0 m) grading 65.9 g/t Ag
FT46 - 40 ft (12.2 m) grading 80.8 g/t Ag at end of hole
FT49 - 95 ft (29.0 m) grading 56.0 g/t Ag at end of hole
FT50 - 95 ft (29.0 m) grading 62.9 g/t Ag

Expansion Holes:
FT30 - 75 ft (22.9 m) grading 59.9 g/t Ag
FT33 - 30 ft (9.1 m) grading 69.4 g/t Ag
FT43 - 25 ft (7.6 m) grading 84.2 g/t Ag
and - 20 ft (6.1 m) grading 98.0 g/t Ag
and - 25 ft (7.6 m) grading 56.8 g/t Ag


To date a total 20,000 ft in 95 holes have been drilled and final assays have been received for 49 of the holes. An additional five holes will be drilled in the current program. Since the stratigraphy is horizontal and holes reported in this release were all drilled vertically, assay intervals represent true thicknesses.

Results from infill drilling, presented in Table 1, are within the parameters expected and are similar in thickness and grade to holes drilled by the previous operator. Four holes (FT44, FT46, FT47 and FT49) with significant results were located as infill holes in the middle of the largest production pit and bottomed in mineralization approximately 50 feet below the depths of previous holes that had bottomed in mineralization. When assays are received for other infill holes in this pit, a program will be implemented to test for further depth extensions.



Table 1: Infill Intersections

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From To Length Silver Gold
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Hole Ft ft ft (m) g/t g/t
----------------------------------------------------------------

----------------------------------------------------------------
FT36 15 85 70 (21.3) 102.0 0.10
----------------------------------------------------------------
Incl 30 85 55 (16.8) 119.6 0.10
----------------------------------------------------------------
110 140 30 (9.1) 59.7 0.03
----------------------------------------------------------------

----------------------------------------------------------------
FT39 15 50 35 (10.7) 91.4 0.17
----------------------------------------------------------------

----------------------------------------------------------------
FT40 40 50 10 (3.0) 40.8 0.05
----------------------------------------------------------------
65 75 10 (3.0) 99.4 0.14
----------------------------------------------------------------

----------------------------------------------------------------
FT41 5 55 50 (15.2) 50.2 0.05
----------------------------------------------------------------

----------------------------------------------------------------
FT44 0 65 65 (19.8) 106.9 0.08
----------------------------------------------------------------
75 85 10 (3.0) 44.1 0.03
----------------------------------------------------------------
105 150 45 (13.7) 73.5 0.06
----------------------------------------------------------------

----------------------------------------------------------------
FT45 0 25 25 (7.6) 35.8 0.06
----------------------------------------------------------------
40 135 95 (29.0) 65.9 0.06
----------------------------------------------------------------
Incl 40 100 60 (18.3) 76.2 0.05
----------------------------------------------------------------
115 130 15 (4.6) 67.4 0.08
----------------------------------------------------------------

----------------------------------------------------------------
FT46 0 15 15 (4.6) 40.1 0.04
----------------------------------------------------------------
20 30 10 (3.0) 53.0 0.03
----------------------------------------------------------------
60 75 15 (4.6) 61.8 0.04
----------------------------------------------------------------
110 150 40 (12.2) 80.8 0.04
----------------------------------------------------------------

----------------------------------------------------------------
FT47 0 30 30 (9.1) 46.2 0.04
----------------------------------------------------------------
110 150 40 (12.2) 35.3 0.03
----------------------------------------------------------------

----------------------------------------------------------------
FT49 0 45 45 (13.7) 96.0 0.06
----------------------------------------------------------------
55 150 95 (29.0) 56.0 0.04
----------------------------------------------------------------

----------------------------------------------------------------
FT50 35 130 95 (29.0) 62.9 0.07
----------------------------------------------------------------
Incl 55 115 60 (18.3) 72.8 0.09
----------------------------------------------------------------


Eight more holes (Table 2) drilled to test for extensions resulted in significant expansion of mineralization in the northwest pits. A total of five not reported in the table did not intersect significant mineralization.



Table 2: Intersections Extending Mineralization

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From To Length Silver Gold
Hole Ft ft ft (m) g/t g/t
----------------------------------------------------------------

----------------------------------------------------------------
FT26 10 50 40 (12.2) 53.7 0.11
----------------------------------------------------------------

----------------------------------------------------------------
FT28 40 55 15 (4.6) 36.9 0.08
----------------------------------------------------------------

----------------------------------------------------------------
FT29 0 35 35 (10.7) 50.7 0.03
----------------------------------------------------------------
75 85 10 (3.0) 41.7 0.04
----------------------------------------------------------------
110 120 10 (3.0) 35.4 0.05
----------------------------------------------------------------

----------------------------------------------------------------
FT30 10 85 75 (22.9) 59.9 .07
----------------------------------------------------------------
Incl 10 30 20 (6.1) 76.2 .07
----------------------------------------------------------------
And 60 80 20 (6.1) 93.0 .08
----------------------------------------------------------------

----------------------------------------------------------------
FT31 35 75 40 (12.2) 61.4 0.05
----------------------------------------------------------------
110 115 5 (1.5) 69.6 0.01
----------------------------------------------------------------

----------------------------------------------------------------
FT32 45 65 20 (6.1) 40.7 0.05
----------------------------------------------------------------
75 105 30 (9.1) 56.9 0.05
----------------------------------------------------------------
140 150 10 (3.0) 48.1 0.04
----------------------------------------------------------------

----------------------------------------------------------------
FT33 20 50 30 (9.1) 69.4 0.05
----------------------------------------------------------------
55 70 15 (4.6) 40.9 0.05
----------------------------------------------------------------

----------------------------------------------------------------
FT43 5 30 25 (7.6) 84.2 0.06
----------------------------------------------------------------
65 85 20 (6.1) 98.0 0.05
----------------------------------------------------------------
90 115 25 (7.6) 56.8 0.04
----------------------------------------------------------------


A Phase 2 program consisting of approximately 20,000 ft of drilling has been submitted to the permitting authorities and approval is expected within the next 30 days. The second phase will attempt to continue to expand the resource, test the high grade feeder structure on the east side of the property and follow-up historical high grade intersections along the anticlinal axis on the west side of the property.

The drilling completed to date will allow the commissioning of a NI 43-101 compliant resource in the area covered by the historical resources outlined by the previous operator of the mine. Results to date indicate the possibility of expanding on that historical resource and additional holes will be drilled at spacings that will allow them to be directly inserted into a resource calculation as results become available.

Assaying is being performed by American Assay Laboratories of Sparks, Nevada. The samples are crushed to 120 - 150 mesh and initially, a 30 gram portion of the pulp is assayed by the fire assay/gravimetric method for gold. Another portion of the pulp is dissolved in a four acid solution followed by ICP/AAS. Samples with silver values greater than 50 ppm are reassayed by the fire assay/gravimetric method. To date, quality control by the laboratory includes two standards and one blank per 50 sample batch. Also, four samples from each batch are reassayed. Fury will be routinely selecting one sample out of 25 to be reassayed using similar procedures at a different laboratory.

The current exploration program at Taylor is being managed by geologist, Mr. Jay Santos of Yerrington Nevada. Mr. Ken Thorsen, B.Sc. P.Eng., Chairman and Director of Fury Explorations has reviewed the content of this press release, and is the Qualified Person for the Company, as defined by National Instrument 43-101.

Fury is well positioned for the possibility of entering into commercial silver production and further growth. The Company currently has 25.7 million shares issued and working capital totaling approximately $7.5 million.

FURY EXPLORATIONS LTD.

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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