Fury Explorations Ltd.
TSX VENTURE : FUR

Fury Explorations Ltd.

December 11, 2006 10:20 ET

Fury Explorations Ltd.: Drilling at Taylor Intercepts High Grade Zone; 233 Feet Averaging 135.6 g/t Ag and 0.21 g/t Au

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) - Fury Explorations Ltd. (the "Company") (TSX VENTURE:FUR) announces results from the first two drill holes on the Taylor silver project near Ely, Nevada. The two holes are part of a planned 80 hole program that was designed to: a) bring the historic resource to a level that is compatible with the requirements of NI 43-101, and; b) test the geological attributes of the feeder zone on the east side of the deposit.

The Company is pleased that the structures in the feeder zone appear to be thicker than anticipated from studying previous operator's data and that the gold credits are significantly higher than anticipated throughout both drill holes.

Holes FT1C and FT2C are angle holes drilled into the near vertical structural feeder zone. Previous operators only completed vertical holes, thus providing inadequate definition of the dimensions and grade of the zone. Significant assays are presented in Table 1.



TABLE 1. SELECT ASSAYS FROM TAYLOR PROJECT DRILL PROGRAM

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Hole From To Length Silver Gold Remarks
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ft (m) ft (m) ft (m) g/t g/t
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FT1C 71(21.6) 304(92.7) 233(71.0) 135.6 0.21 30 g/t cutoff
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Incl 85(25.9) 265(80.8) 180(54.9) 152.4 0.24 45 g/t cutoff
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And 290(88.4) 304(92.7) 14(4.3) 210.9 0.18 Fault zone
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Incl 296(90.2) 299(91.2) 3(0.9) 633.0 0.45 In fault zone
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FT2C 40(12.2) 85(25.9) 45(13.7) 45.1 0.12 30 g/t cutoff
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Incl 40(12.2) 55(16.8) 15(4.6) 66.0 0.14 45 g/t cutoff
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110(33.5) 127(38.7) 17(5.2) 36.6 0.13 30 g/t cutoff
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251(76.5) 271(82.6) 20(6.1) 143.5 0.80 30 g/t cutoff
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Incl 258.5(78.8) 271(82.6) 12.5(3.8) 210.5 0.94 Fault zone
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294(89.6) 321(97.9) 27(8.2) 36.7 0.17 30 g/t cutoff
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461(140.5) 491(149.7) 30(9.1) 271.2 0.13 Fault zone
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Incl 476(145.1) 481(146.6) 5(1.5) 571.0 0.14 In fault zone
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FT1C and FT2C were drilled at a dip of -50 degrees to test the feeder zone on the same section in the Northeast Pit. The collar of FT2C was located 105 feet behind the collar of FT1C.

FT1C intersected 233 feet (71 m) averaging 135.6 g/t Ag and 0.21 g/t Au using a 30 g/t Ag cutoff or 180 feet (54.9 m) averaging 152.4 g/t Ag and 0.24 g/t Au using a 45 g/t Ag cutoff. The bottom 14 feet (4.3 m) of the mineralized section is sheared and brecciated and represents the feeder fault. The section averages 210.9 g/t Ag and 0.18 g/t Au with a 3 foot (0.9 m) thickness assaying 633 g/t Ag and 0.45 g/t Au. The true thickness of the 14 ft zone is 10 feet (3.3 m).

FT2C intersected several sections of strongly mineralized material and two potential fault zones. The first fault zone is 12.5 feet thick (3.8 m) and averages 210.5 g/t Ag and 0.94 g/t Au, while the second potential fault zone is 30 feet (9.1 m) thick and averages 271.2 g/t Ag and 0.13 g/t Au. Within this high grade section is a 5 foot (1.5 m) section that averages 571 g/t Ag and 0.14 g/t Au. True thicknesses on the two larger sections are 9 feet (2.7 m) and 20 feet (6.1 m). The first fault zone in this hole was cut off by a dyke in FT1C and the second zone in this hole is comparable to the zone in FT1C and indicates vertical dip to the structure.

Drilling is continuing with a diamond drill testing the continuity of feeder structures and a reverse circulation drill infilling to upgrade the resource calculation. To date, a total of seven diamond holes (2,602 ft - 793 m) and 14 reverse circulation holes (2,630 ft - 802 m) have been completed. Samples are at the laboratory and assay results will be reported when 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 two gram pulp is assayed by dissolution in aqua regia 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 production and further growth. The Company currently has 25.2 million shares issued and working capital totaling approximately $8.25 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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