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PLLR.CN ·

Forty Pillars Announces Share Consolidation

Corporate Actions

FORTY PILLARS ANNOUNCES SHARE CONSOLIDATION

Vancouver, British Columbia — February 16, 2022 — Forty Pillars Mining Corp. (the “Com-

pany” or “Forty Pillars”) (CSE:PLLR) announces that February 22, 2022 will be the effective date

of the Company’s share consolidation on the basis of 2 old for one new share. The name of the

Company will not be changed and the trading symbol will remain the same. The Company’s

28,985,174 outstanding common shares will be c onsolidated into approximately 14,492,587 out-

standing shares. The post-consolidated common shares will have a new CUSIP: 349801209 / ISIN

CA3498012093.

The Company’s transfer agent, Endeavor Trust Corporation will not be sending a letter of trans-

mittal for the consolidation as only one position was certificated, but will send new DRS advices

reflecting the consolidation to all shareholders holding DRS.

About Forty Pillars

Forty Pillars Mining Corp. is a Vancouver, B.C. based mineral exploration company focused on

exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C.

For more information, please contact:

Nader Vatanchi, CEO

778-881-4631

[email protected]

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release may consti-

tute "forward-looking information" within the meaning of Canadian securities legislation. In making the

forward-looking statements in this release, the Company has applied certain factors and assumptions that

the Company believes are reasonable. However, the forward-looking statements in this release, including

without limitation, statements pertaining to the Company’s exploration programs, the Company’s mineral

property development plans and the impact of the share consolidation, are subject to numerous risks, un-

certainties and other factors that may cause future results to differ materially from those expressed or im-

plied in such forward-looking statements. Such uncertainties and risks include, without limitation, financ-

ing risks, delays in obtaining or inability to obtain required regulatory approvals, legislative, environmen-

tal and other judicial, regulatory, political or competitive developments, exploration and operational diffi-

culties, the timing of future business expenditures, the potential of the Company’s mineral properties and

changes in economic conditions or financial markets. There can be no assurance that such statements will

prove to be accurate, and actual results and future events could differ materially from those anticipated in

such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The

Company does not intend, and expressly disclaims any intention or obligation to, update or revise any for-

ward-looking statements whether as a result of new information, future events or otherwise, except as re-

quired by law.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press re-

lease.