Fury Explorations Ltd.
TSX VENTURE : FUR

Fury Explorations Ltd.

October 24, 2006 09:00 ET

Fury and Southern Silver Consolidate Magistral Land Package

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 24, 2006) - Fury Explorations Ltd. (the "Company") (TSX VENTURE:FUR) is pleased to report an expansion of the Magistral Project land package currently under option to Southern Silver Exploration Corp. ("Southern") (TSX VENTURE:SSV)(FWB:SEG).

Southern, on behalf of both companies was the successful bidder in an auction conducted by the Mexican Federal Government with respect to the sale of the 1,366 hectare EL Magistral Mineral Concession in the Ameca region in the State of Jalisco, Mexico. The newly acquired concession will fall under the previously announced option agreement (see PR dated July 17, 2006), whereby Southern can earn up to 65% of Fury's Magistral I concession.

The Magistral I and El Magistral properties completely surround Southern's La Sorpresa claims upon which phase I exploration work was completed, targeting high-grade copper mineralization in quartz-tourmaline breccias within disseminated copper-bearing intrusives. Southern has initiated a second phase drilling program of up to 2500 metres utilizing a combined RC and diamond drill rig to test the extension of several near surface mineralized zones identified on the La Sorpresa claims. An application has been filed for the permitting of three drill holes on one new target area within the Fury / Southern claim position, which was generated through compilation of airborne geophysical data, surface mapping and sampling, and will be tested during the current program.

Fury Explorations is a junior exploration and development company focused on reaching near-term silver production at its Nevada based Taylor Project and exploring other early stage, base and precious metals properties in North America. Fury is well positioned for the possibility of entering into commercial production and further growth. The Company currently has 25.0 million shares issued and working capital totaling approximately $8.3 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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