Mr. Colin Padget reports

FOUNDERS METALS ANNOUNCES $50,000,000 STRATEGIC INVESTMENT BY GOLD FIELDS

Founders Metals Inc. has entered into a subscription agreement with Gold Fields Netherlands Services BV, an affiliate of Gold Fields Ltd., whereby Gold Fields will acquire 12,048,193 common shares of the company at a price of $4.15 per common share by way of a non-brokered private placement for aggregate gross proceeds of $50-million.

Proceeds from the strategic investment will be used for land consolidation, regional exploration activities, working capital and general corporate purposes at the company's Antino gold project in southeastern Suriname. National Bank Capital Markets is acting as financial adviser.

Colin Padget, president and chief executive officer of Founders Metals, commented: "We are very pleased to welcome Gold Fields, a top-tier global gold producer, as a strategic partner. Combining Founders' position as the largest and most advanced gold explorer in Suriname with the technical capabilities of a company having decades of experience developing world-class gold deposits positions us to rapidly advance work at Antino. This partnership further underscores Suriname's potential as an emerging gold jurisdiction globally. With this capital, we are dedicating our full attention to unlocking Antino's potential -- expanding our land position and aggressively advancing regional-scale exploration across multiple high-grade targets -- building value for all shareholders."

Investor rights agreement

In connection with the strategic investment, Founders Metals and Gold Fields will enter into an investor rights agreement (IRA) at closing, pursuant to which, and provided that Gold Fields maintains certain shareholding thresholds, Gold Fields will have top-up and financing participation rights, technical committee representation rights, and the right to appoint one nominee to the company's board of directors if Gold Fields' ownership reaches or exceeds 12.5 per cent.

In support of technical collaboration between Founders and Gold Fields, Gold Fields will additionally have the right to second technical staff into Lawa Gold NV, the project company, subject to acceptance by the company and in compliance with applicable Surinamese laws and regulations.

Closing and regulatory approvals

The transaction is expected to close on or about Nov. 10, 2025, subject to customary conditions, including TSX Venture Exchange approval. All common shares issued pursuant to the subscription will be subject to a four-month-and-one-day hold period, in accordance with applicable Canadian securities legislation.

About Founders Metals Inc.

Founders Metals is a Canadian-based exploration company focused on advancing the Antino gold project, located in Suriname, South America, in the heart of the Guiana Shield. Antino is 56,000 hectares and has produced over 500,000 ounces of gold from historical surface and alluvial mining to date. The company is systematically advancing one of Suriname's most promising gold exploration and development opportunities with drill-confirmed, district-scale potential. Founders is committed to responsible exploration, community engagement and delivering long-term value to shareholders through technical excellence and strategic growth in the Guiana Shield.

We seek Safe Harbor.