Fury Explorations Ltd.
TSX VENTURE : FUR

Fury Explorations Ltd.

April 16, 2008 12:22 ET

Fury's Taylor Silver Project Permitting to Proceed Under Environmental Analysis

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 16, 2008) - Fury Explorations Ltd. (the "Company") (TSX VENTURE:FUR) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with the USDA Forest Service (USFS) for the final stage of USFS permitting for the Company's Taylor Project (the Project) located near Ely Nevada.

The MOU has been issued as a result of the submission of the Plan of Operations (POO) in December 2007 and defines that the final USFS environmental review of the Project will be based on an Environmental Assessment (EA). An EA is the most straightforward of the environmental review processes that the USFS could have chosen to impose.

The USFS and the Company have agreed to engage Knight Piesold and Company of Denver Colorado for the development of the EA and the work has already begun. Knight Piesold is very familiar with the Project having developed all of the other permit applications which have been completed to date.

About Fury Explorations

Fury Explorations is a silver focused exploration and development company uniquely positioned to become a near-term, silver producer. The Company's Nevada based Taylor project is expected to enter commercial production during Q1 2009 and is the center piece of the Company's strategy for internally funded growth and discovery. In addition to pre-production activities at Taylor, the Company is assembling and exploring a pipeline of prospective properties in North America.

FURY EXPLORATIONS LTD.

Steve Vanry, CFA, President & CEO

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.

Contact Information

  • Fury Explorations Ltd.
    Steve Vanry, CFA
    President & CEO
    (604) 689-1810
    (604) 689-1817 (FAX)
    Website: www.furyexplorations.com