Forty Pillars Announces Closing of Non-Brokered Private Placement

(TheNewswire)

Vancouver, B.C. – March 2, 2026? TheNewswire - Forty Pillars Mining Corp. (CSE: PLLR) (the “Company” or “Forty Pillars”) is pleased toannounce that it has closed its previously announced non-brokeredprivate placement offering by issuing 10,710,000 units (the “Units”) at a price of $0.05 perUnit for aggregate gross proceeds of $535,500 (the “Offering”).

Each Unit is comprised of one common share in the capital of theCompany (each, a “Share”)and one transferrable Share purchase warrant (each, a “Warrant”). Each Warrant entitlesthe holder to acquire an additional Share at a price of $0.10 perShare until March 2, 2028. The Company previously announced that theWarrants would be exercisable for a period of 60 months from the dateof issuance. However, those warrants will now be exercisable for aperiod of 24 months from the date of issuance (until March 2, 2028).All other terms of those warrants remain unchanged.

The Company paid aggregate cash finder’s fees of $32,580 and issuedan aggregate of 651,600 warrants (“Finder’s Warrants”) to eligible finders in connectionwith the Offering. Each Finder’s Warrant entitles the holder toacquire an additional Share (a “Finder’s Warrant Share”) at a price of $0.10 perFinder’s Warrant Share until March 2, 2028.

The proceeds raised from the Offering are expected to be used forworking capital and general corporate purposes. All securities to beissued under the Offering will be subject to a four month hold periodin accordance with applicable Canadian securities laws and thepolicies of the Canadian Securities Exchange (“CSE”). Completion of the Offeringis subject to certain conditions including the receipt of allnecessary approvals, including the approval of the CSE.

About FortyPillars

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 and an option to acquire a 100%interest in the Golden Link project located in central Newfoundland.

FOR FURTHER INFORMATION CONTACT:

Nader Vatanchi

Chief Executive Officer

e:nadervatanchi@hotmail.com

p: 778-881-4631

Neither the Canadian SecuritiesExchange nor its Market Regulator (as the term is defined in thepolicies of the Canadian Securities Exchange) accepts responsibilityfor the adequacy of accuracy of this news release.

Certain information contained hereinconstitutes “forward-looking information” under Canadiansecurities legislation. Forward-looking information includes, but isnot limited to the intended use of funds. Generally, forward-lookinginformation can be identified by the use of forward-lookingterminology such as “anticipates”, “anticipated”“expected” “intends” “will” or variations of such wordsand phrases or statements that certain actions, events or results“will” occur. Forward-looking statements are based on the opinions andestimates of management as of the date such statements are made andthey are from those expressed or implied by such forward-lookingstatements or forward-looking information subject to known and unknownrisks, uncertainties and other factors that may cause the actualresults to be materially different, including receipt of all necessaryregulatory approvals. Although management of the Company haveattempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-looking information, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements andforward-looking information. The Company will not update anyforward-looking statements or forward-looking information that areincorporated by reference herein, except as required by applicablesecurities laws.

This news release does notconstitute an offer to sell or a solicitation of an offer to buy norshall there be any sale of any of the Company's securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful, including any of the securities in the United States ofAmerica. The Company's securities have not been and will not beregistered under the United States Securities Act of 1933, as amended(the "1933 Act") or anystate securities laws and may not be offered or sold within theUnited States or to, or for account or benefit of, U.S. Persons (asdefined in Regulation S under the 1933 Act) unless registered underthe 1933 Act and applicable state securities laws, or an exemptionfrom such registration requirements is available.

THIS NEWS RELEASE IS NOT FORDISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2026 TheNewswire - All rights reserved.