Confidence Increased Increased In Regional Exploration Targets At Antino

VANCOUVER - Founders Metals Inc. provides a corporate update and outlines regional exploration targets at the Antino Gold Project in southeastern Suriname. The Company's surficial team is successfully developing key targets for future surface exploration and drilling, including Lower Antino, Lawa, and the Southern Froyo Extension. Founders intends to expand its drill program to include an initial 1,500 metres (m) at Lower Antino.

Lower Antino is a high-priority target with over 25% of Founders grab samples grading >0.3 grams per tonne (g/t) gold (Au) and up to 20.4 g/t Au. Historical results include auger samples with up to 49.3 g/t Au and very high-grade grab sample results, including two samples collected from shear-zone hosted quartz veins grading 144 g/t Au and 340 g/t Au. Auger sampling reveals new >2.5 kilometre (km) gold trend hosting similar structures and geological features as the Froyo Gold Trend in Upper Antino. Ground preparation underway for Lower Antino drilling to start soon.

Lawa new prospect identified by Founders in May 2024. It is completely unexplored area with three major gold-mineralized trends including two large intrusions along separate structures over a combined 2.7 km strike length. The Southern Froyo Extension recent grab sample of 57.4 g/t Au collected 1,500 m southeast of Froyo indicating the potential for repeat zones of high-grade gold mineralization similar to Froyo along the broader +10 km Antino gold trend that extends from Upper Antino to Buese.

"Our regional exploration work continues to highlight the scale of the gold system at Antino and underscores the property's potential for additional new discoveries," commented President and CEO, Colin Padget. "Our surficial team is making significant progress toward refining existing targets to drill-ready status and identifying new areas of interest for on-the-ground follow-up. We now have a considerable pipeline of high-quality, well-defined targets and plans are in place to increase the number of active drills over the coming months."