Mr. Colin Padget reports

FOUNDERS METALS HITS 12.95 G/T GOLD OVER 6.0 M CONFIRMING HIGH-GRADE GOLD POTENTIAL AT LOWER ANTINO

Founders Metals Inc. has released high-grade gold results from the Lower Antino target at its Antino gold project in southeastern Suriname. Results include 6.0 metres (m) of 12.95 grams per tonne (g/t) gold (Au) -- a significant high-grade intercept at Lower Antino -- while continued systematic drilling expands the mineralized system along strike.

Colin Padget, president and chief executive officer, commented: "The 6.0 metres of 12.95 g/t gold in LA060 is an important result for Lower Antino. While the system has consistently delivered broad, lower-grade mineralization, this intercept suggests the presence of a higher-grade component -- a characteristic we have been actively testing for. Additional drilling in this release continues to grow the mineralized extent of Lower Antino, and we will incorporate these results into our geological models to better define the geometry and continuity of mineralization as the program advances."

Highlights:

• High-grade drill-confirmed intercept near surface at Lower Antino confirms high-grade component within the tonalite-hosted gold system:
  • 6.0 m of 12.95 g/t Au from 55.0 m (LA060);
  • Intercept extends mineralization approximately 250 m west of the nearest previous drilling;
• Continued systematic drilling expands the mineralized system with wide intercepts along strike:
  • Drilling to the east confirms continued growth of the mineralized system (LA055, LA056);
  • 200 m stepout to the south intersects intrusion-hosted mineralization with 18.0 m of 0.68 g/t Au from 59.1 m (LA054).

Geological discussion

The westernmost hole in this news release, LA060, intersected 6.0 m of 12.95 g/t Au from 55.0 m depth, delivering the highest-grade composite interval returned from Lower Antino drilling to date and extending mineralization approximately 250 m to the west. This result confirms the presence of a high-grade shear-related component within the broader tonalite-hosted gold system, consistent with previously reported historical high-grade channel and grab sample results, but that had not yet been confirmed by drilling.

Systematic stepout drilling to the east and south continues to expand the mineralized footprint. Holes LA055 and LA056 confirm broad, consistent gold mineralization along strike to the east, while LA054 intersected gold mineralization in a 200 m stepout to the south. Sheared and altered tonalite intrusions have been observed in multiple holes with assays pending between known mineralized corridors. Holes LA051 and LA052, the farthest south holes at Lower Antino to date, are interpreted to have been drilled east of the mineralized tonalite bodies.

Lower Antino is one of two advanced targets within Founders' 102,360-hectare contiguous land package, which hosts eight drill-tested gold targets across the 55-kilometre-long Antino concession. The company currently has four diamond drill rigs operating at Antino, with two rigs at Antino North, one at Upper Antino and one at Lower Antino, with results pending at all locations. The company will continue to systematically advance its highest-priority targets across the district.

About Founders Metals Inc.

Founders Metals is a Canadian gold exploration company building a district-scale gold camp in southeastern Suriname. The company controls a 102,360-hectare contiguous land package in the Guiana Shield -- the largest uninterrupted package of highly prospective greenstone belt geology in the region. Founders is backed by strategic partnerships with Gold Fields and B2Gold, and is executing one of the most active exploration programs in the global junior gold sector. The company is committed to responsible exploration, strong community engagement and disciplined capital allocation as it advances Suriname's next major gold camp.

Qualified persons

The technical content of this news release has been reviewed and approved by Michael Dufresne, MSc, PGeol, PGeo, an independent qualified person as defined by National Instrument 43-101.

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