Antino Gold Project Drill Program Continues To Produce Results

VANCOUVER - Founders Metals Inc. reported on the 2024 drill program at the Antino Gold Project in southeastern Suriname.  New shear zone intercepted in four holes over >150 metres ("m") of strike including: 1) 4.5 m of 3.27 grams per tonne ("g/t") gold ("Au") from 15.6 m downhole (24DO04). 2) 12.0 m of 0.84 g/t Au from 12.6 m (24DO13). 3) 27.0 m of 0.73 g/t Au from 26.1 m (24DO14). 4) 16.5 m of 2.35 g/t Au from 26.1 m (Hole 24DO02, previously reported).

Main Donut Shear - Along-strike continuity of previously reported high-grade gold at Donut with intervals including: 1) 8.0 m of 6.64 g/t Au from 247.0 m (Hole 24DO13). 2) 19.0 m of 1.02 g/t Au from 99.0 m (Hole 24DO09). 3) 6.0 m of 3.10 g/t Au from 181.0 m (Hole 24DO15).

The Donut Zone is located in the northwest section of the Antino Property, approximately 800 metres northeast of the Froyo Zone. Mineralization at Donut is characterized by broader, intrusion-hosted gold mineralization and structurally controlled high-grade gold mineralization.

Colin Padget, CEO, said, "We are pleased to see the gold mineralization at Donut continue along strike with 8.0 metres of 6.64 g/t Au in hole 24DO13 and some broader, lower-grade intervals as expected. Additionally, we've hit a second gold-bearing shear hosted in the mixed volcanic rocks to the west of Donut with near surface gold mineralization over substantial widths. Combined, these results represent an excellent first phase of drilling at Donut and our team is busy with planning follow up work."