Mr. Nader Vatanchi reports

FORTY PILLARS ACQUIRES GOLDEN LINK PROJECT OPTION

Further to the news release dated Jan. 8, 2026, Forty Pillars Mining Corp. has acquired the option to acquire a 100-per-cent interest in the Golden Link project located in the prolific central Newfoundland gold belt pursuant to the company's assignment and amendment agreement dated Jan. 7, 2026, with 1487049 B.C. Ltd. and VOA Exploration Inc. The Golden Link project consists of two contiguous mineral licences encompassing a total land area of approximately 36.25 square kilometres located approximately 21 km north of the town of Gander, Nfld. The project can be accessed by road through the Trans-Canada Highway and well-maintained forest service roads. A transmission line runs just 15 km east of the project.

In consideration for the assignment of the option, the company issued an aggregate of 17.5 million common shares in the capital of the company to the shareholders of 1487 and assumed $200,000 in liabilities of 1487.

To exercise the option, the company must: (i) pay an aggregate cash consideration of $375,000 to VOA, consisting of $100,000 payable on or before the first anniversary of the effective date and $275,000 payable on or before the second anniversary of the effective date; (ii) issue an aggregate of seven million common shares to VOA, consisting of three million common shares issuable on or before the first anniversary of the effective date and four million common shares issuable on or before the second anniversary of the effective date, with all such shares to be held in escrow and released in equal tranches of 25 per cent on the dates that are, respectively, four months and one day, six months, 12 months and 18 months from issuance; and (iii) incur aggregate exploration expenditures of $2.2-million on the project, consisting of $200,000 by the first anniversary of the effective date, $500,000 by each of the second and third anniversaries of the effective date, and $1-million by the fourth anniversary of the effective date.

All common shares of the company issuable pursuant to the assignment agreement are subject to a statutory four-month hold from the date of issuance and a concurrent voluntary six-month hold from the date of issuance.

About Forty Pillars Mining Corp.

Forty Pillars, based in Vancouver, B.C., is a mineral exploration company focused on exploring the Silver Dollar project located in the Greenwood mining division, British Columbia. The company also has an option to acquire a 100-per-cent interest in the Val d'Or North property in the Abitibi subprovince of Quebec.

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