Acquisition transaction

The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length share purchase agreement dated Aug. 18, 2026, with Nana Resources N.V. for the remaining 30 per cent of Lawa Gold N.V.

Pursuant to the terms of the agreement, dated Aug. 18, 2026, Founders Metals has issued 13,568,944 common shares and paid $17-million (U.S.) in cash, and has agreed to pay up to $21-million (U.S.) in future contingent cash milestone payments to Nana in order to complete the acquisition of the remaining 30 per cent of the issued and outstanding shares of Lawa. The assets consist of Lawa's 100-per-cent interest in the mineral rights, concessions and infrastructure comprising the Antino gold project in Suriname. The transaction is arm's length in nature.

No finders' fees are payable.

For further details, please refer to the Founders Metals' news releases dated Aug. 19, 2026, and Sept. 17, 2026.