Mr. Colin Padget reports

FOUNDERS METALS WELCOMES KATIE MACKENZIE AS VICE PRESIDENT OF CORPORATE DEVELOPMENT

Founders Metals Inc. has appointed Katie MacKenzie as the company's vice-president of corporate development. Ms. MacKenzie will report directly to Founders' chief executive officer, Colin Padget, and will be responsible for the company's investor relations and corporate development activities.

President and CEO, Mr. Padget, commented: "We are excited to welcome Katie to the Founders team. Her unique skill set and experience in both geology and capital markets will be instrumental in continuing to grow and unlock value at our Antino gold project."

Ms. MacKenzie has nearly a decade of experience in the mining industry. Prior to Founders, she began her career as a geologist working for both junior and major mining companies. Most recently, Ms. MacKenzie held the position of director of investor relations at Skeena Resources where she played a critical role in growing the company from a market capitalization of $30-million to where it is today. Ms. MacKenzie holds a bachelor of science in geology from the University of Regina.

About Founders Metals Inc.

Founders Metals is a Canadian exploration company operating in North and South America. The company is focused on acquiring and advancing gold projects in the South American Guiana Shield. Its flagship project is the 20,000-hectare Antino gold project in Suriname. Exploration work on the project includes over 30,000 metres of historical drilling, 35,000 gold-in-soil auger samples, property-wide aeromagnetic survey data and a 2022 lidar survey. Antino is the most advanced gold exploration project in Suriname, within an area where historical surface/alluvial gold mining has produced over 500,000 gold ounces to date.

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