Fury Completes Taylor Acquisition; Reiterates Silver Production Focus

VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: FUR) announces that it has completed its 100% acquisition of the Nevada based, Taylor silver mine and mill complex. The project hosts a NI 43-101 compliant resource of 16.8 million ounces of silver(1) in an open pit mining scenario along with a modern 1,300 ton-per-day mill. Redevelopment plans for Taylor remain within the projected timetable provided by the Company in its press release of October 30, 2007 (see PR2007-20), which provides for a production start date within Q1 of 2009.

The Company purchased the Taylor project, absent of production royalties, for total cash option payments of US$2.5million. On January 23, 2008 Fury's wholly owned Nevada subsidiary, became the registered owner of the mill complex, 4 patented and 38 unpatented mining claims and certain water rights comprising the "historical" Taylor project. Subsequent to becoming involved in the project the Company has staked an additional 164 mining claims bring the total project area to approximately six square miles.

Fury's Taylor project uniquely positions the company to become an unhedged silver producer during what could be a prolonged period of strong precious metal prices without the burden of significant capital expenditure. The Company currently has 28.3 million shares outstanding and $3.6 million in working capital.

FURY EXPLORATIONS LTD.

Steve Vanry, CFA, President & CEO

(1) resource calculation details can be found in the Company's press release PR2007-16, of September 4, 2007.

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.

Contacts: Fury Explorations Ltd. Steve Vanry, CFA President and CEO [phone] [phone] (FAX) Website: www.furyexplorations.com