Mr. Colin Padget reports

FOUNDERS METALS ANNOUNCES APPOINTMENT OF VICE PRESIDENT OF RESOURCE DEVELOPMENT

Founders Metals Inc. has appointed Natalie Senger to the position of vice-president of resource development.

Ms. Senger is a professional geoscientist with over 15 years of exploration industry experience, most recently serving as vice-president of resource development for Tudor Gold Corp. Her experience has been heavily focused on gold-dominant projects, including the discovery and development of the Brucejack mine in Northern British Columbia, Canada. She also has had valuable exposure to mine permitting and environmental regulations as a geoscientist with the Ministry of Energy, Mines and Low Carbon Innovation in British Columbia.

President and chief executive officer Colin Padget commented: "We are thrilled to welcome Natalie on board and fill a role that is exceedingly necessary as we aggressively explore and develop the Antino gold project. Natalie's background of working on the development phase of exploration projects is exceptionally valuable to Founders as we not only continue to focus on exploration but more thoroughly examine the economic potential of various zones within the Antino gold project. I am very excited to be working with her and look forward to the value that she can bring to the company."

Ms. Senger added: "I am honoured to take on the role of vice-president of resource development with Founders. The company has demonstrated remarkable success in the short time they have been developing the Antino gold project. The property has a staggering amount of potential and I'm looking forward to contributing as the company forges on and continues to develop a strong understanding of the continuity and distribution of gold at Antino."

About Founders Metals Inc.

Founders Metals is a Canadian exploration company with properties in North America and South America. The company focuses on acquiring and advancing gold projects in the Guiana Shield. Its flagship asset is the 20,000-hectare Antino gold project in Suriname, where artisanal surface/alluvial mining has produced over 500,000 gold ounces to date. Using its diamond drilling equipment, the company drilled over 10,000 metres in 2023 and is fully financed for up to 30,000 metres in 2024.

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