Mr. Colin Padget reports

FOUNDERS METALS APPOINTS FELICIA DE LA PAZ AS CHIEF FINANCIAL OFFICER

Founders Metals Inc. has appointed Felicia de la Paz as chief financial officer and corporate secretary, effective July 6, 2026.

Colin Padget, president and chief executive officer, commented: "Felicia is an exceptional addition to our leadership team. Her appointment comes as Founders enters its next phase of growth at the Antino gold project, with exploration momentum continuing to build. Felicia's experience will support the financial discipline that underpins our progress and helps create value for our shareholders. We remain fully funded for our 70,000-metre 2026 exploration program at Antino."

Ms. de la Paz is a senior financial executive with over 15 years of experience in the natural resources sector, focused on financial strategy and public company reporting. She most recently served as chief financial officer and corporate secretary of FPX Nickel Corp. Her expertise includes financial planning and analysis, capital allocation and integration of new acquisitions across multijurisdictional operations, and her career includes progressively senior leadership roles with Equinox Gold Corp. and KPMG LLP. Ms. de la Paz holds a bachelor of commerce (honours) from the University of British Columbia and is a member of the Chartered Professional Accountants of Canada (CPA, CA).

Ms. de la Paz succeeds Samuel Yik. The company wishes Mr. Yik well in his future endeavours.

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 executing one of the most active exploration programs in the global junior gold sector and is backed by a strategic partnership with Gold Fields Ltd. The company is committed to responsible exploration, strong community engagement and disciplined capital allocation as it advances Suriname's next major gold camp.

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