Mr. Colin Padget reports

FOUNDERS METALS ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Founders Metals Inc. has released the results from the annual general and special meeting held on May 7, 2026, in Vancouver, B.C. The company's shareholders approved the re-election of all directors and the appointment of Davidson & Co. LLP as the company's auditor. The following were re-elected as directors: Colin Padget, Nicholas Stajduhar, Christopher Taylor, Barry Macdonald and Vijay Kirpalani.

In addition, shareholders approved the company's new omnibus long-term incentive plan to replace the company's existing stock option plan and restricted share unit plan. The omnibus plan received approval by the board of directors of the company on April 6, 2026, and conditional approval by the TSX Venture Exchange on March 31, 2026.

The omnibus plan allows for a variety of equity-based awards that provide different types of incentives, including stock options, restricted share units, deferred share units and performance share units, to be granted to the company's directors, officers, employees and consultants. The maximum number of common shares of the company reserved for issuance, in the aggregate, under the omnibus plan will be 10 per cent of the aggregate number of shares issued and outstanding at any time and from time to time, subject to the terms of the omnibus plan. A copy of and further details about the omnibus plan are included in the company's management information circular dated April 6, 2026, which is available on SEDAR+. The omnibus plan is subject to final approval by the TSX-V.

A total of 63,550,622 shares were voted, representing 54.81 per cent of the company's issued and outstanding shares at the record date of the annual meeting.

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.

We seek Safe Harbor.