Forty Pillars To Option Drill-Ready Golden Link Project In Newfoundland Gold Belt

Executive Summary

• Forty Pillars Mining Corp. entered into an agreement to acquire 100% of the Golden Link Project (GLP) in central Newfoundland, a ~36.25 km² gold‑bearing land package located 21 km north of Gander.
• The transaction is structured as an option/assignment: issuance of 17.5 M common shares and assumption of $200,000 liabilities, plus staged cash payments, additional share issuances, and exploration expenditure commitments over four years.
• GLP hosts 69 IP chargeability anomalies (16 first‑priority, 34 second‑priority, 19 third‑priority) with no historic drilling, providing immediate upside for systematic exploration.

Key Details

• Project Overview
• Two contiguous mineral licences covering ~36.25 km² in the Central Newfoundland Gold Belt.
• Accessible via Trans‑Canada Highway; transmission line 15 km east of the project.

• Located on a proven gold‑bearing structural corridor (Dog Bay Line) with regional geochemical anomalies and high‑definition Alpha IP survey results.

• Exploration Highlights

• 2024 Alpha IP™ survey identified 69 chargeability anomalies:
  • 16 first‑priority targets (strong chargeability, interpreted sulphide zones).
  • 34 second‑priority targets (moderate responses, structurally controlled).
  • 19 third‑priority targets (deeper extensions of higher‑priority zones).
• No historic drilling; all targets remain untested.
• Independent regional geochemistry (Torq Resources & Heberlein Consulting) identified six gold‑in‑till anomalies, with Target 4 lying directly within GLP.

• High‑resolution LiDAR/orthophoto survey (2023) provides uniform DEM for precise exploration planning.

• Transaction Summary

• Parties: Forty Pillars Mining Corp.; 1487049 B.C. Ltd.; VOA Exploration Inc.
• Effective Date: 7 Jan 2026; expected closing Q1 2026, subject to CSE approval.
• Consideration:
  • Issuance of 17,500,000 common shares (Assignment Shares) and assumption of $200,000 liabilities.
  • Assignment Shares subject to a six‑month voluntary hold period.
• Post‑assignment Option (to earn 100% interest):
  • Cash Payments: $100,000 by Year 1; $275,000 by Year 2.
  • Share Issuances: 3 M shares by Year 1 and 4 M shares by Year 2, released in four equal tranches (25% at ~4 mo, 6 mo, 12 mo, 18 mo after issuance) held in escrow.
  • Exploration Expenditure Commitments: $200k (Year 1), $500k (Year 2), $500k (Year 3), $1 M (Year 4).

• All payments and share issuances are contingent on customary closing conditions.

• Management Commentary

• CEO Nader Vatanchi: “Golden Link gives us exposure to one of the most active and prolific gold districts in Canada… targets are already defined, the structures are well understood, and the upside is clear.”

• Technical Verification

• Qualified Person: Nicholas Rodway, P.Geo (NI 43‑101), who reviewed and approved all technical content.

Notable Quotes

“Golden Link gives us exposure to one of the most active and prolific gold districts in Canada, but in an area that remains largely untested. We’re not starting from scratch here, targets are already defined, the structures are well understood, and the upside is clear.” – Nader Vatanchi, CEO, Forty Pillars Mining Corp.