Forty Pillars Acquires Golden Link Project Option

(TheNewswire)

Vancouver, B.C. – Jan 23, 2026? TheNewswire - Forty Pillars Mining Corp. (CSE:PLLR) (the “Company” or “FortyPillars”) is pleased to announce, further to its news releasedated January 8, 2026, that it has acquired the option (the “Option”) to acquire a 100%interest in the Golden Link Project (the “Project”) located in the prolificCentral Newfoundland Gold Belt pursuant to the Company’s assignmentand amendment agreement (the “Assignment Agreement”) dated January 7, 2026 (the “Effective Date”) with 1487049 B.C.Ltd. (“1487”) and VOAExploration Inc. (“VOA”).The Golden Link Project consists of two contiguous mineral licensesencompassing a total land area of ~36.25 km2 located approximately 21km north of the town of Gander, Newfoundland. The Project can beaccessed by road via the Trans-Canada Highway and well-maintainedforest service roads. A transmission line runs just 15km east of theProject.

In consideration for the assignment of the Option, the Company issuedan aggregate of 17,500,000 common shares in the capital of the Companyto the shareholders of 1487 and assumed $200,000 in liabilities of1487.

To exercise the Option, the Company must: (i) pay an aggregate cashconsideration of $375,000 to VOA, consisting of $100,000 payable on orbefore the first anniversary of the Effective Date and $275,000payable on or before the second anniversary of the Effective Date;(ii) issue an aggregate of 7,000,000 common shares to VOA, consistingof 3,000,000 common shares issuable on or before the first anniversaryof the Effective Date and 4,000,000 common shares issuable on orbefore the second anniversary of the Effective Date, with all suchshares to be held in escrow and released in equal tranches of 25% onthe dates that are, respectively, four months and one day, six months,twelve months and eighteen months from issuance; and (iii) incuraggregate exploration expenditures of $2,200,000 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 theEffective Date, and $1,000,000 by the fourth anniversary of theEffective Date.

All common shares of the Company issuable pursuant to the AssignmentAgreement are subject to a statutory four month hold from the date ofissuance and a concurrent voluntary six month hold from the date ofissuance.

About Forty Pillars

Forty Pillars Mining Corp. is a Vancouver, B.C. based mineralexploration company focused on exploring the Silver Dollar Projectlocated in the Greenwood Mining Division, B.C. The Company also has anoption to acquire a 100% interest in the Val-d’Or North property inthe Abitibi sub-province of Quebec.

FOR FURTHER INFORMATION CONTACT:

Nader Vatanchi

Chief Executive Officer

e: nadervatanchi@hotmail.com

p: 778-881-4631

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider (as that term is definedin the policies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.

FORWARD LOOKINGSTATEMENTS

Statements in this document whichare not purely historical are forward-looking statements, includingany statements regarding beliefs, plans, expectations, or intentionsregarding the future. Forward looking statements in this news releaseinclude, but are not limited to: statements regarding the Company’sability to exercise the Option and acquire a 100% interest in theGolden Link Project; the timing and completion of cash payments, shareissuances and exploration expenditures required to exercise theOption; the Company’s ability to satisfy the exploration expenditurerequirements under the Option; and any other general statementregarding the Company’s planned or future exploration efforts at theProject. It is important to note that the Company’s actual businessoutcomes and exploration results could differ materially from those insuch forward-looking statements. Risks and uncertainties include, butare not limited to: that the Company may be unable to complete theearn-in requirements under the Option; that the Company may not, dueto environmental, technological and other factors, be successful inexpanding the mineralization footprint of the Projects as planned;that the Company may be unable to implement its plans to furtherexplore at the Project; that certain exploration methods, includingthe Company’s proposed exploration model for the Project, may beineffective or inadequate in the circumstances; that economic,competitive, governmental, geopolitical, environmental andtechnological factors may affect the Company’s operations, markets,products and prices; that the Company’s specific plans and timingfor drilling, field work and other plans may change; that the Companymay not have access to or be able to develop any minerals because ofcost factors, type of terrain, or availability of equipment andtechnology; and that the Company may also not raise sufficient fundsto carry out or complete its plans. Labor shortages, inflationarypressures, rising interest rates, the global financial climate and theconflict in Ukraine and surrounding regions are some additionalfactors that are affecting current economic conditions and increasingeconomic uncertainty, which may impact the Company’s operatingperformance, financial position, and prospects. Collectively, thepotential impacts of this economic environment pose risks that arecurrently indescribable and immeasurable. No assurance can be giventhat any of the events anticipated by the forward-looking statementswill occur or, if they do occur, what benefits the Company will obtainfrom them. Readers are cautioned that forward-looking statements arenot guarantees of future performance or events and, accordingly, arecautioned not to put undue reliance on forward-looking statements dueto the inherent uncertainty of such statements. Additional riskfactors are discussed in the section entitled “Risk Factors” inthe Company’s Management Discussion and Analysis for its recentlycompleted fiscal period, which is available under the Company’sSEDAR+ profile at www.sedarplus.ca. Except asrequired by law, the Company will not update or revise theseforward-looking statements after the date of this document or torevise them to reflect the occurrence of future unanticipatedevents.

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