Founders Metals Inc.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

Founders Metals is a Canadian-based exploration company focused on advancing the Antino Gold Project located in Suriname, South America, in the heart of the Guiana Shield. The fully permitted Antino Gold project covers over 20,000 hectares and has produced over 500,000 ounces of gold from surface and alluvial mining to date. The Company is fully financed for up to 60,000 metres of drilling in 2025.

The Guiana Shield is home to numerous world-class gold deposits with combined gold resources of over 110 million ounces. The majority of the Guiana Shield has seen little to no modern exploration, providing considerable opportunity for major discoveries.

FLAGSHIP PROJECT

Antino Gold Project, Southeastern Suriname

The Guiana Shield’s Next Major Gold Camp

• Antino is an advanced stage gold exploration project located in Sipaliwini mining district of mining friendly Suriname, approximately 275 kilometres southeast of the capital Paramaribo.
• 20,000 hectare land package fully permitted for exploration drilling and exploitation
• Excellent access to the project with barge access and a fully serviced 1.3 km commercial airstrip on site
• Capital efficient exploration with year around drilling at an all-in cost of ~C$250/m
• 32,000 m of historic drilling and 500,000+ oz Au reported from historical artisanal gold mining
• C$12.1M strategic investment by B2Gold in October 2024
• Pro-mining jurisdiction with favourable tax and mining laws
• Highly prospective geology for gold that is similar to Merian characterized by folded volcanic and sedimentary rocks
• Proven potential with a long history of gold production occurring in the same stratigraphy hosting numerous multimillion ounce gold deposits in the region
• Multiple km-scale targets remain untested
• High-grade gold mineralization from surface
• Additional economic potential in historical tailings
• Excellent preliminary metallurgical testing with recoveries ranging from 91% to 96%

Antino drill results to date:

• 15.5 m of 30.72 g/t Au
• 38.0 m of 10.90 g/t Au
• 46.0 m of 5.31 g/t Au
• 19.0 m of 14.23 g/t Au

2025 Exploration

• Fully funded 60,000 m drill program
• Drilling focused on testing 9 new targets
• One of which was tested so far in 2025, resulting in the first hole intersecting 28.5 m of 7.12 g/t Au
• Airborne geophysical survey
• Geological mapping

2025 Exploration Strategy

Upper Antino

The focus at Upper Antino is continuing extending gold mineralization to the north and south and to test adjacent targets with similar characteristics. Gold mineralization at Upper Antino currently has a drill defined strike length of 1.6 km, depth of 280 m, and remains open in all directions. The Company plans to complete up to 20,000 m of drilling at Upper Antino in 2025.

Buese and Lower Antino

A second drill will split its time between Buese and Lower Antino, continuing to expand known mineralization with broad steps along strike. This program will be designed to determine the extent of the Buese and Lower Antino areas’ mineralized footprint. There is currently ~8,000 m of planned drilling between these two more advanced targets.

Da Vinci, Lawa, and other advanced targets

Initial 2025 plans at Da Vinci include a 3,000 m program to follow up on initial results from December last year. Da Vinci is a high-priority early exploration target for 2025. A maiden drill program at Lawa is planned to begin in H1 2025. Other advanced targets for 2025 drilling including, Maria Geralda and Parbo.

Van Gogh and new targets

A 1,500 m program at Van Gogh is underway and once complete the drill will continue to the next high-priority target in the area with the goal of drill testing 1-2 new drill targets per month.

Combined, up to 25,000 m of drilling is planned for new target areas at Antino. Approximately 50% of these targets are within previously unexplored regions of the property. Additional drills are available and may be added to the program as necessary based on results.

Management

Management and Directors

Colin Padget, President, CEO, & Director

Mr. Padget has over 10 years of experience working on and managing exploration and mining projects across several North and South American jurisdictions. He holds a Bachelor's degree in Business Administration alongside a first-class Bachelors and a Masters degrees in Geology. Prior to joining Founders as CEO, he was a Senior Geologist at Thesis Gold.

Pascal Voegeli, Vice President of Exploration

Mr. Voegeli is an exploration geoscientist with experience working on epithermal, porphyry, and orogenic gold deposits across several jurisdictions in North and South America. He holds a Bachelors and Masters degree in Geology. Prior to joining Founders Metals Inc., Mr. Voegeli played an active role in developing grass roots to advanced stage exploration programs as a consultant as well as an employee for Natural Resources Canada.

Sam Yik, Chief Financial Officer

Mr. Yik has a diverse business background and over 25 years of public company experience in industrial sectors including resources, petrochemicals, technology, and transportation. He also has extensive international hands on management experience in senior financial, commercial, and operational roles in companies with market capitalization ranging from $10 million to $2 billion, including 11 years with Methanex Corporation. He brings over 10 years of CFO experience in managing publicly listed companies on the TSX, TSXV, and the NYSE-MKT. He has a Bachelor of Commerce degree from the University of British Columbia, and obtained his CA designation while articling with KPMG.

Natalie Senger, Vice President of Resource Development

Ms. Senger is a Geoscientist and has over 15 years of experience in exploration and resource development with gold-dominant deposits, as well as in permitting major mines. She holds a bachelor's degree in Earth and Ocean Science and masters degree in Earth and Environmental Sciences.

Katie MacKenzie, Vice President of Corporate Development

Ms. MacKenzie is experienced in investor relations & capital markets, with a background of advancing gold assets through exploration and development. She holds a BSc in Geology from the University of Regina.

Chris Taylor, Director

Mr. Taylor is a structural and economic geologist with over two decades of experience in both junior exploration and mid-tier mining companies. As the Founder, President, and CEO of Great Bear Resources, he led the company to a major district-scale gold discovery in Canada, which culminated in its acquisition by Kinross Gold for C$1.8 billion. He has received numerous prestigious awards, including PDAC's 2023 Bill Dennis Award, Northern Miner's 2021 Mining Person of the Year, and Kitco's 2021 Mining CEO of the Year.

Kevin Vienneau, Director

Mr. Vienneau is a mining engineer and entrepreneur with over 15 years of mineral exploration and mine development experience. He has been involved in the Elmtree Gold Project since 2004. He is heavily involved in permitting and negotiating with stakeholders on New Brunswick projects. He has a proven track record for advancing projects toward production.

Nick Stajduhar, Director

Mr. Stajduhar is an accomplished financial industry professional with more than 15 years of experience in all aspects of sales and operations. He is a highly knowledgeable market professional with a proven track record in the capital markets.

Roy Bonnell, Director

Mr. Bonnell has founded and been chairman, CEO, or Director of numerous capital, exploration, and technology companies over 25 years. He is a member of the Law Society of Upper Canada and holds an LLB from University of Western Ontario, a London School of Economics MSc, and an MBA from McGill University.

News Update

On February 19, 2026, Founders Metals Inc. reported the exploration results from the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Surface exploration on the Company's recently expanded land package has delineated a multi-kilometre (km) gold system comprising multiple parallel, northwest-trending mineralized shear zones over a 4 km area. Results include 57.80 grams per tonne (g/t) gold (Au) in a grab sample and 20.0 m of 2.07 g/t Au including 7.0 m of 5.05 g/t Au in a channel sample. Separately, systematic 30-metre auger drilling at the Maria Geralda target is providing new insight into the geometry of high-grade gold shoots within the broader mineralized system.

Colin Padget, President & CEO, commented, "These results at Antino North represent the first major step in what we expect to be a wave of new discoveries across our expanded land package in 2026. Within months of acquiring this concession, our surface exploration team has identified a mineralized system with the hallmarks of what we see at Upper Antino – multiple parallel shear-hosted gold zones, strong alteration, visible gold, and kilometre-scale geochemical anomalies. We have completed road access from our main camp at Upper Antino all the way to the northern boundary of the concession and we expect to have a drill turning on the first target within two weeks.

At Maria Geralda, the auger drilling is delivering exactly what we designed it to – a detailed understanding of how high-grade gold is distributed within the broader mineralized system. The initial results confirm that the high-grade mineralization is robust and persistent in the near-surface environment and we are excited to receive the remainder of the results from this program. The insights we're gaining here will directly inform how we target high-grade zones at Maria Geralda and across the project as we scale our drilling program in 2026."

On February 11, 2026, Founders Metals Inc. announced the drill results from the Upper Antino target at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Results continue to demonstrate the scale and consistency of gold mineralization at Upper Antino, with high-grade intervals reported for both near surface and at depth. Highlights include 6.0 metres (m) of 21.43 grams per tonne (g/t) gold (Au) from 49.0 m in hole FR183 and 10.0 m of 5.90 g/t Au from 394.0 m in hole FR175.

Colin Padget, President & CEO, commented, "These results confirm the robustness of Upper Antino's high-grade gold system. The 10-metre intercept of nearly 6 g/t gold from 394 metres downhole in FR175 confirms we're successfully tracking these structures along strike and deeper into the system. Equally important, follow-up shallower drilling continues to deliver exceptional grades with intervals like the 6 metres of 21.43 g/t gold in drillhole FR183 further reinforcing the high-grade nature of the Upper Antino gold system. With ongoing systematic drilling across multiple targets, we're building a comprehensive understanding of Antino and are positioning ourselves to further define both high-grade and bulk tonnage opportunities across the district."

Drilling Highlights

• Demonstrated continuity of high-grade gold at depth in southward expansion of Upper Antino mineralization:
• 10.0 m of 5.90 g/t Au from 394.0 m and 19.0 m of 2.57 g/t Au from 341.0 m (FR175)
• 7.0 m of 2.36 g/t Au from 387.0 m (FR187)
• 10.0 m of 5.28 g/t Au from 116.0 m and 16.0 m of 2.88 g/t Au from 193.0 m (FR189)
• Follow-up drilling at Upper Antino with strong near-surface results including:
• 6.0 m of 21.43 g/t Au from 49.0 (FR183)
• 21.4 m of 2.71 g/t Au from 21.6 (FR179)
• 6.0 m of 9.69 g/t Au from 43.0 (FR185)

On January 22, 2026, Founders Metals Inc. announced the drill results from the Lower Antino Target at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname. Hole LA041 returned 90.0 metres (m) of 1.02 grams per tonne (g/t) gold (Au), including 1.0 m of 28.44 g/t Au - the highest-grade single drill intercept at Lower Antino to date. The results suggest gold mineralization at Lower Antino occurs over multiple 15-90+ metre wide, sub-parallel gold zones along ~1.9 kilometres of strike with opportunity to grow.

Lower Antino Highlights

• Large-scale gold system confirmed: Intrusion-hosted orogenic gold system comprising several broad gold zones along ~1,900 m of strike and to 350 m depth
• Consistent grade over wide intercepts: 90.0 m of 1.02 g/t Au (LA041) and 30.9 m of 1.56 g/t Au (LA032) are excellent examples of broad mineralized intervals at Lower Antino; other previously released intervals include 81.9 m of 1.01 g/t Au (LA003) and 50.0 m of 1.02 g/t Au (LA024)
• High-grade zones present: LA041 includes 1.0 m of 28.44 g/t Au, supporting potential for higher-grade shoots within the broader mineralized system; historical grab samples up to 340 g/t Au and channel samples up to 21 g/t Au have been reported
• Significant oxide opportunity: Average saprolite/oxide thickness of 50 m across the target area provides meaningful potential for scalable oxide gold mineralization
• Open for expansion in all directions: Trench results 800 m south of current drilling returned 29.0 m of 0.51 g/t Au and 10.0 m of 0.68 g/t Au, demonstrating significant southward growth potential. Pending drill results confirm an additional 100 m expansion to the south of the mineralized body.

Founders President & CEO, Colin Padget, commented, "The 90-metre intercept in LA041 is our strongest result to date at Lower Antino and reinforces our view that this is a large-scale gold system. The 28 g/t high-grade interval within this intercept is equally significant — it confirms the potential for higher-grade zones that we first identified from surface sampling. With 50 metres of oxide cover and mineralization open to the south, Lower Antino offers both near-surface bulk tonnage potential and high-grade upside. We are ramping up 2026 operations with three rigs now turning and expect to release our 2026 exploration plans in the near future, along with additional results from 2025 drilling."

On December 11, 2025, Founders Metals Inc. announced the drill core assay results from its ongoing drill program at the Antino Gold Project ("Antino" or the "Project") in southeastern Suriname (Figure 1). The results include the first phase of drilling at the Parbo target and follow-up drilling at the Da Vinci and Maria Geralda targets - three priority emerging discoveries within the 56,000 hectare (ha) Antino Gold Project.

At Parbo, inaugural drilling has outlined broad, intrusion-hosted gold mineralization with internal high-grade shear zones, highlighted by 72.0 metres (m) of 1.01 grams per tonne (g/t) gold (Au) including 4.0 m of 11.97 g/t Au in hole PB003, and 101.0 m of 0.62 g/t Au from surface in hole PB013. At Da Vinci, step-outs continue to extend the shear-hosted gold mineralization, including 19.5 m of 2.31 g/t Au and 22.5 m of 1.38 g/t Au in hole DV016. At Maria Geralda, drilling has now expanded mineralization 400 m southeast of the initial discovery, returning broad intrusion-hosted gold with discrete high-grade zones, including 53.0 m of 0.41 g/t Au in MG006 and 12.0 m of 1.12 g/t Au in MG010, adjacent to the previously reported 22.5 m of 11.88 g/t Au in MG003.

Colin Padget, Founders' President & CEO, commented: "These results from Parbo, Da Vinci, and Maria Geralda further demonstrate the scale and consistency of the gold systems emerging across Antino. Parbo, in particular, is shaping up as a significant intrusion-hosted target with multiple shear zones that remain open in all directions. I was especially impressed with Parbo hole PB013 which, including a 10 m interval of dilution, returned 200 m of 0.51 g/t Au from surface. We will continue to advance this exciting target into the new year. Da Vinci and Maria Geralda continue to deliver robust gold mineralized intercepts within increasingly well-defined structural corridors. Each round of drilling strengthens our geological model, guiding a focused, systematic, and value-driven approach as we plan our 2026 exploration program."

On November 25, 2025, Founders Metals Inc. has appointed Vijay Kirpalani to its board of directors as an independent director, effective immediately.

Mr. Kirpalani brings over two decades of finance, advisory and corporate governance experience in the mining sector, including a distinguished record of leadership and value creation in Suriname. He has served on the supervisory board of Rosebel Gold Mines NV since 2002 -- initially under Iamgold and, since February, 2023, under Zijin Mining -- and was a director of Reunion Gold from 2003 until Reunion's 2024 acquisition by G Mining Ventures.

Colin Padget, president and chief executive officer, commented: "We are delighted to welcome Vijay to our board of directors. His extensive experience in Suriname's mining sector, business and leadership capabilities, and demonstrated success in supporting mining development in the country make him an excellent addition to Founders' board. As we advance the Antino project, Vijay's expertise and insights into Suriname's mining community will strengthen our ability to create long-term value."

Founders Metals also announces that Kevin Vienneau will be stepping down from the board of directors. The board and management thank Mr. Vienneau for his contributions and commitment to the company's development and wish him continued success in his future endeavours.

The company has granted 250,000 stock options under Founders' stock option plan. The options have been granted at an exercise price of $4.35 per common share, vest over a period of up to three years and expire five years from the date granted.

On November 20, 2025, Founders Metals Inc. announced that it has signed the Definitive Agreement to acquire 100% ownership of the previously announced 36,000 hectare (ha) exploration concession west of the Company's Antino Gold Project ("Antino" or the "Project") in Southeastern Suriname (Figure 1). The acquisition expands the Project area to 56,000 ha and allows Founders to restart northwestward expansion drilling of Upper Antino, which was previously stopped at the concession boundary, but where historical auger gold anomalies support considerable potential growth.

Founders also announces drill core assay results from its ongoing 60,000 metre (m) drill program. The results extend Upper Antino gold mineralization to a total strike length of over 2,500 m, and include intervals of 17.0 m of 3.06 g/t Au in hole FR157 and a broader, near-surface interval of 60.0 m of 0.85 g/t Au from a depth of only 8.1 m in hole FR172.

Colin Padget, Founders' President & CEO, commented: "This is a transformational period for Founders - over the past two weeks, we've closed a C$50 million strategic investment from Gold Fields, expanded the Antino land package to 56,000 hectares, and with today's results, demonstrated excellent along-strike, progressive growth of gold mineralization at Upper Antino.

With a strong cash position, a proven exploration team, and clear ability to operate efficiently in Suriname, Founders is well positioned to systematically explore our ever-growing land package of highly prospective geology with the proven potential to host multi-million-ounce gold deposits. Our four drills are currently turning at Da Vinci, Lower Antino, Parbo, and Upper Antino, with Van Gogh drilling planned to begin shortly. Results from Maria Geralda and Parbo are expected in the coming weeks, followed by results from other priority targets through Q4 and into early 2026."

On November 12, 2025, Founders Metals Inc. completed the private placement.

Financing type: non-brokered private placement

Gross proceeds: $50,000,000.95

Offering: 12,048,193 listed shares

Offering price: $4.15 per listed share

Disclosure: Refer to the company's news releases dated Nov. 3, 2025, and Nov. 10, 2025.

On November 10, 2025, Founders Metals Inc. has closed its strategic investment with Gold Fields Netherlands Services B.V., an affiliate of Gold Fields Ltd., as previously announced on Nov. 3, 2025, through the issuance of 12,048,193 common shares of the company at a price of $4.15 per common share for aggregate proceeds of $50-million. Gold Fields now controls 10.55 per cent of the issued and outstanding common shares.

Proceeds from the strategic investment will be used for land consolidation, regional exploration activities, working capital and general corporate purposes at the company's Antino gold project in southeastern Suriname. National Bank Capital Markets acted as financial adviser.

All common shares issued are subject to a four-month-and-one-day statutory hold period in accordance with applicable Canadian securities legislation. The financing remains subject to final approval from the TSX Venture Exchange.

On November 03, 2025, Founders Metals Inc. has entered into a subscription agreement with Gold Fields Netherlands Services BV, an affiliate of Gold Fields Ltd., whereby Gold Fields will acquire 12,048,193 common shares of the company at a price of $4.15 per common share by way of a non-brokered private placement for aggregate gross proceeds of $50-million.

Proceeds from the strategic investment will be used for land consolidation, regional exploration activities, working capital and general corporate purposes at the company's Antino gold project in southeastern Suriname. National Bank Capital Markets is acting as financial adviser.

Colin Padget, president and chief executive officer of Founders Metals, commented: "We are very pleased to welcome Gold Fields, a top-tier global gold producer, as a strategic partner. Combining Founders' position as the largest and most advanced gold explorer in Suriname with the technical capabilities of a company having decades of experience developing world-class gold deposits positions us to rapidly advance work at Antino. This partnership further underscores Suriname's potential as an emerging gold jurisdiction globally. With this capital, we are dedicating our full attention to unlocking Antino's potential -- expanding our land position and aggressively advancing regional-scale exploration across multiple high-grade targets -- building value for all shareholders."

On October 31, 2025, Founders Metals Inc. announced the signing of a binding Letter of Intent (the "LOI") to acquire 100% interest in a 36,000 hectare (ha) exploration concession immediately adjacent to the Company's Antino Gold Project ("Antino") in southeastern Suriname (Figure 1). The acquisition nearly triples Founders' land position to approximately 56,000 ha (560 km2) of highly prospective ground within the Guiana Shield greenstone belt (Figure 2). Highlights of Acquisition:

• Strategic Expansion: The 36,000-hectare acquisition expands the Company's total land package to 56,000 ha (approximately 10x the size of Manhattan)
• Potential Upper Antino Extension: High-grade gold mineralization along a 1,000-metre strike extension supported by historical auger data
• Multiple High-Grade Shear Zones Identified: Recent grab sample1 results from separate shear zones (Figure 3) along a 3+ km trend include, 26.01 grams/tonne (g/t) gold (Au), 36.84 g/t Au, 11.44 g/t Au, and 70.93 g/t Au
• Substantial Historical Exploration Database Including:
• Airborne geophysics
• 1,860 line-km of aeromagnetic and radiometric survey data (150 m line spacing)
• 1,877 historical auger samples
• High-grade anomaly extending immediately northwest of Upper Antino
• Robust 5 km x 2.5 km historical gold anomaly to the north that was never drill tested
• Over 10 years of active exploration work including detailed bedrock mapping, trenching, channel sampling, metallurgical testing, etc.

Colin Padget, President & CEO, commented "Acquiring this ground is transformational for Founders. We've nearly tripled our land position to 56,000 hectares and gained control of a district-scale opportunity in one of the world's most underexplored gold belts. What excites me most is the quality of targets we've just added. We have immediate opportunities to extend Upper Antino's high-grade gold mineralization along a 1,000-metre strike extension supported by historical auger data. In the northern part of the new area, there's a multi-kilometre network of high-grade shears plus a separate auger anomaly-larger than Upper Antino-that has never seen a drill hole. This acquisition gives us both near-term catalysts and long-term district potential as a premiere explorer in Suriname and the Guiana Shield."

On September 18, 2025, Founders Metals Inc. has started property-wide geophysical and geochemical surveys at the Antino gold project in southeastern Suriname. The surveys are intended to support growth-focused drilling around current targets, further improve the company's understanding of regional-to-deposit scale controls on gold mineralization and identify new exploration targets.

Colin Padget, president and chief executive officer, commented: "More than half of the Antino property remains completely unexplored by modern systematic exploration methods. This fall we intend to complete property-wide auger sampling at a spacing that has been effective at identifying major gold occurrences elsewhere at Antino. Additionally, the concurrent airborne geophysical surveys use the latest technology to provide high-resolution data sets that we believe are key to unlocking the full exploration potential of the target-rich geological environment at Antino. We are continuing aggressive exploration drilling on the project with our ongoing 60,000 m program, and we look forward to providing an update to the market with results in the near term."

On September 03, 2025, Founders Metals Inc. announced the drill core assay results from its ongoing, fully funded 60,000 metre drilling campaign at the Antino Gold Project in southeastern Suriname (Figure 1). The Company's deep drilling program at Upper Antino has successfully intersected multiple zones of high-grade gold mineralization in FR138, including at 18.0 metres (m) of 6.14 grams per tonne (g/t) gold (Au) and 5.0 m of 10.61 g/t Au (Figure 2) from ~450.0 m vertical depth, further building on initial results from the preliminary deep drilling program as outlined on August 11, 2025.

Colin Padget, President and CEO, commented: "These results support our geological model and confirm that high-grade mineralization continues at depth, significantly increasing the potential scale of Upper Antino. High-grade intersections in drill hole FR138 include 18.0 m of 6.14 g/t Au and 5.0 m of 10.61 g/t Au demonstrating that Founders is beginning to successfully target high-grade gold at depth. We are excited about the ongoing drilling at Upper Antino and Maria Geralda and look forward to getting back out to other exploration targets this Fall."

On August 29, 2025, The Globe and Mail reported the edition of National Bank Financial analyst Mohamed Sidibe, touting the potential of Founders Metals' Antino gold project in Africa, commenced coverage with an "outperform" rating, seeing it as an "attractive" potential target for larger peers. The Globe's David Leeder writes in the Eye On Equities column that on Tuesday, B2Gold revealed it has expanded its position in Founders Metals by purchasing an additional 1.17 million shares through the open market, raising its interest to about 6 per cent. Mr. Sidibe says Founders' ongoing and fully financed exploration program is "rapidly advancing multiple high-grade discoveries, where consistently strong gold intercepts point to both scale and grade." Mr. Sidibe set a share target of $6. Analysts on average target the shares at $9.38. Mr. Sidibe says in a note: "Our conceptual DCF on Upper Antino highlights an attractive and economical 330 koz producer at AISC below $900/oz in the lowest cost quartile and at a conservative initial capex of $1.3-billion benchmarked to recent builds and studies on projects within the Guiana shield. ... We expect it to attract the interest of larger companies within the space."

On August 21, 2025, Founders Metals Inc. has made significant progress in its surface exploration program at the Antino gold project in southeastern Suriname. The company has completed extensive sampling at the Maria Geralda and Parbo targets, setting the stage for upcoming drill programs during the current dry season.

Founders is executing an aggressive exploration strategy targeting high-grade prospects, including Maria Geralda, Parbo, Van Gogh, Da Vinci and Lawa, while systematically expanding known mineralization at Upper Antino, Buese and Lower Antino.

"Surface exploration continues to build a robust pipeline of high-quality drill targets that our team will systematically test through diamond drilling," said Colin Padget, president and chief executive officer. "The ongoing work at Maria Geralda and Parbo reveals significant opportunities for growth, further validating Antino's Tier 1 potential. Phase 2 drilling is under way at Maria Geralda and, with the rainy season ending, we're eager to return to Van Gogh, Da Vinci and Lawa to follow up on earlier drilling success."

Next steps - With the dry season now under way, Founders plans to:

• Continue systematic drilling at Maria Geralda, with results pending;
• Complete auger program at Parbo ahead of phase 1 diamond drill program in Q4 (fourth quarter);
• Execute surface exploration programs to provide structural context for phase 2 drilling across other high-priority targets, including Van Gogh, Da Vinci and Lawa.

The comprehensive exploration approach positions Founders to unlock the full potential of the Antino gold project while systematically advancing multiple high-grade targets.

On August 20, 2025, B2Gold Corp. has completed its obligations under the shareholder agreement by purchasing 1.17 million common shares of Founders Metals Inc., as outlined in the company's Nov. 5, 2024, press release. B2Gold purchased the shares in the open market to fulfill its agreement and preserve its right to participate in future financings up to a maximum of 9.9-per-cent ownership. Together with its prior private placement subscriptions, B2Gold now holds approximately 6 per cent of Founders' issued and outstanding common shares on a non-diluted basis.

Colin Padget, president and chief executive officer, commented: "B2Gold's decision to increase their position demonstrates strong confidence in Founders and the Antino gold project. Their continued investment reinforces our shared belief in Antino as a Tier 1 discovery, and we're pleased to have their ongoing support as we work to unlock the project's full potential and realize value for shareholders."

On August 11, 2025, Founders Metals Inc. has released drill core assay results from its continuing, fully financed 60,000-metre drilling campaign at the Antino gold project in southeastern Suriname.

Colin Padget, president and chief executive officer of Founders, said: "We're seeing exciting results on multiple fronts at Upper Antino. Ongoing drilling testing continuity and growth of high-grade domains within Froyo hit an impressive 46.0 metres of 3.59 grams per tonne gold in FR120, and we are continuing to see success in our eastward steps toward Donut. Early results from our deep drilling program nearly double the vertical depth of the Froyo zone to over 500 metres from surface, substantially increasing the expansion potential at Upper Antino."

Upper Antino drilling highlights:

• Depth extension success: First three deep holes extend gold system to 500 metres vertical depth, including:
• 8.0 metres of 2.25 grams per tonne gold from 597.0 m (FR115);
• 13.0 m of 2.10 g/t Au from 468.0 m (FR123);
• 21.0 m of 0.73 g/t Au from 458.0 m (FR118);
• Continuity of high-grade domains:
• 46.0 m of 3.59 g/t Au from 174.0 m in Main Froyo shear (FR120);
• 24.0 m of 2.03 g/t Au from 26.1 m in Parallel shear (FR122);
• Parallel shears between Froyo and Donut:
• 28.0 m of 1.18 g/t Au from 332.0 m (FR126);
• 11.0 m of 2.32 g/t Au from 397.0 m (FR123).

On June 25, 2025, Founders Metals Inc. has appointed several key individuals to leadership roles as the company continues to advance its flagship Antino gold project in Suriname, South America. These appointments strengthen Founders' capability to execute its accelerated exploration program while maintaining industry-leading standards of safety and stakeholder engagement.

Colin Padget, president and chief executive officer, commented: "On behalf of the executive team and board, we are very pleased to welcome this group of exceptional leaders to the Founders team. Their combined depth of expertise significantly strengthens our ability to drive value at Antino. These new additions reflect Founders' continued focus on building a best-in-class team to support our commitment to technical excellence, transparent stakeholder engagement and responsible mineral exploration."

New leadership appointments:

Harp Gosal -- director of investor relations

Lizbeth Toscano -- director of health and safety

Brandon Anholt -- director of new projects

On June 24, 2025, Founders Metals Inc. announced a new high-grade gold discovery at its Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company reports a 22.5 metre (m) interval of 11.88 grams per tonne (g/t) gold (Au) at Maria Geralda, a new exploration target approximately 5 km SE of Lower Antino. The drilling follows up on systematic surface exploration, including prospecting, mapping, and augering programs that identified a 500 m by 400 m gold anomaly at surface. Highlights:

• First-ever drilling at Maria Geralda delivers exceptional results with 22.5 m of 11.88 g/t Au (MG003)
• Discovery validates systematic exploration approach with auger sampling identifying a 500 m by 400 m gold anomaly at surface where 54% of samples returned assays above 0.1 g/t Au
• Significant expansion potential with the discovery zone open along strike and to depth, supporting plans for follow-up drilling in 2025

Colin Padget, President & CEO of Founders, commented, "While weather has limited our access to other exploration targets recently, we were pleased to maintain ready access to Maria Geralda and follow up on early surface results. This outstanding start to drilling at Maria Geralda further validates our exploration approach across the 200 km² Antino land package. The 22.5 m interval grading 11.88 g/t Au represents some of the highest-grade mineralization we've encountered to date. These results demonstrate the substantial discovery potential that exists beyond the property's current established zones. Between this discovery, recent expansions at Upper and Lower Antino, and our ongoing 2025 exploration program, we see significant opportunity to build shareholder value."

On June 23, 2025, ounders Metals Inc. announced the mid-year drilling results and provides a comprehensive overview of 2025 activities at the Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company is on-track and fully financed to complete 60,000+ metres (m) of drilling in 2025 alongside an aggressive surface exploration program within the 200 km2 Antino land package. Highlights:

• Expansion of Lower Antino confirms over 700 m of strike with recent drilling including 50.0 m of 1.02 grams per tonne (g/t) gold (Au) (LA024) as well as 21.00 m of 1.00 g/t Au (LA028), a 475 m step-out from previously released 81.9 m of 1.01 g/t Au (LA003)
• Lawa reveals structural corridor of 8.0 km with extensive artisanal workings, a channel sample returning 27.0 m of 1.99 g/t Au and drilling that confirms gold mineralization in multiple holes
• Upper Antino drilling program offers substantial expansion potential by drilling to connect the Froyo-Donut zones, doubling depth to 550 m, and extending north-south along strike
• Other emerging targets continue to prove significant exploration opportunities
• Drilling results at Da Vinci remain consistent including 25.0 m of 1.01 g/t Au (DV007) and 29.0 m of 0.94 g/t Au (DV008)
• Maria Geralda has a 500 m by 400 m gold anomaly with 54% of soil samples above 0.1 g/t Au, which Founders has started drilling and expects results shortly
• Surface exploration programs planned for Van Gogh, Da Vinci, Lawa, and Parbo to plan for follow-up drill programs

Colin Padget, President & CEO of Founders, commented "The Company's 2025 drilling campaign is delivering exceptional results that continue to expand gold mineralization across the property. At Upper Antino we see three major opportunities for growth: connecting the dots between Froyo and Donut, doubling the depth with deeper drilling, and extending north and south along strike. With Lower Antino, we are thrilled to report gold over substantial intervals in every hole. Lower Antino drilling demonstrates this is a large gold system and provides an opportunity to add ounces if combined with the nearby high-grade at Upper Antino."

"Our excitement around the potential of Da Vinci, Van Gogh, and Lawa remains high given their strong initial results. Additionally, we recently began drilling at Maria Geralda, where our excitement led to rushing the first batch of holes with results expected shortly."

On June 13, 2025, Founders Metals Inc. announced the successful completion of all Stage 2 requirements under its Option Agreement with Lawa Gold N.V. ("Lawa") and Nana Resources N.V. ("Nana"), as outlined on May 8, 2025. Completing Stage 2 increases Founders' ownership in the Antino Gold Project ("Antino" or "Project") to 70%.

"We are thrilled to formally exercise our right to acquire 70% of Antino, further strengthening our position as the Project's majority owner," said Founders' President and CEO, Colin Padget. "Completing Stage 2 is a major derisking milestone and reflects our confidence in Antino's exceptional potential. Additionally, we are excited to provide a detailed update in the coming days on all major exploration targets. We remain committed to maximizing shareholder value as we continue advancing the Antino Gold Project's world class potential through our 60,000 metre 2025 drill program."

On May 21, 2025, Founders Metals Inc. announced the drill core assay results from the Antino Gold Project ("Antino" or "Project") in southeastern Suriname (Figure 1). The Company reports high-grade gold mineralization at Upper Antino including 33.0 metres (m) of 3.50 grams per tonne (g/t) gold (Au) in drilling east of the Main Froyo Shear ("Froyo"). Additional drilling results extend gold mineralization north 125 m, increasing total strike length of Froyo to ~1.7 kilometres (Figure 2).

Drilling Highlights:

• Growth-focused drilling expands high-grade gold mineralization in parallel structures (Figures 2 & 3):
• 33.0 m of 3.50 g/t Au and 19.0 m of 0.84 g/t Au (FR114)
• 13.0 m of 2.00 g/t Au (FR082)
• 4.0 m of 5.92 g/t Au (FR105)
• Broad gold zones and 125 m northward extension:
• 41.9 m of 1.06 g/t Au (FR099)
• 12.0 m of 1.51 g/t Au and 22.5 m of 0.50 g/t Au (FR101), extending gold mineralization north in two parallel mineralized zones

Colin Padget, President & CEO, commented, "These results clearly demonstrate Upper Antino's growth potential in multiple directions. Gold mineralization continues eastward over substantial intervals while our step-out drilling has successfully expanded the northern boundary by 125 metres. The two broad intervals in hole FR114 align well with our mineralization and structural models and suggest there is potential to 'connect-the-dots' between Froyo and Donut. Additionally, while we have seen some increases in assay turnaround times and have been focusing on certain corporate items, we anticipate releasing additional results from our earlier-stage exploration targets along-side a comprehensive overview in the coming weeks."

On May 08, 2025, Founders Metals Inc. has completed the expenditure requirements for Stage 2 of its option agreement on the Antino gold project in Suriname. The company has submitted an audited report demonstrating that it has completed the required $10-million (U.S.) in exploration and development expenditures stipulated in the amended and restated option agreement with Lawa Gold NV and Nana Resources NV.

Upon completing Stage 2, Founders will increase its ownership stake in the Antino project to 70 per cent (51 per cent from Stage 1 plus an additional 19 per cent from Stage 2). To finalize Stage 2, Founders expects to deliver all payments and the outstanding internal concept study on the project by month-end (see the table below).

"Reaching this major milestone ahead of schedule demonstrates our commitment to rapidly advancing the Antino gold project," said Colin Padget, chief executive officer of Founders Metals. "The exploration results to date have exceeded our expectations, and the internal concept study currently being finalized will provide valuable insights into the project's world-class economic potential."

On April 23, 2025, Founders Metals Inc. announced the new assay results from the Buese Prospect ("Buese") at its Antino Gold Project ("Antino") in Suriname. Buese covers over 600 hectares (ha) and is ~6 kilometres (km) southeast of Upper Antino (Figure 1). The Company reports 6.0 metres (m) of 2.33 grams per tonne (g/t) gold (Au) (BU025) in northwest step-out drilling along strike of the main Antino Gold Trend. Combined with further broad intervals of intrusion-hosted gold mineralization including 21.6 m of 2.38 g/t Au (BU014) and 112.0 m of 0.55 g/t Au (BU019) in the central Buese area, the step-out drilling indicates significant potential for further growth.

Colin Padget, President & CEO, commented, "These results demonstrate the scale and continuity of gold mineralization emerging at Buese. The broad, intrusion-hosted intervals, along with the discovery of a parallel zone, further reinforces our excitement about the opportunity Buese represents for Founders. Work is ongoing to further understand the potential economic opportunity that the Buese tailings may offer in future production scenarios, and we are encouraged by initial results. Though we have experienced some slowdown in assay turnaround time due to the increasing exploration activities in Suriname, we are still on track to hit our 60,000-metre drilling goal for 2025. Upcoming news will include some in-progress corporate items along with more drilling results."

On April 10, 2025, Founders Metals Inc. recently published a peer-reviewed scientific journal article providing new insights into the structural controls on gold mineralization at the Antino gold project and surrounding area in southeastern Suriname. Ore Geology Reviews published "District to Mineral-Scale Geometry of the World-Class Antino Orogenic Gold System, Southeastern Suriname (Guiana Shield)," written by Founders Metals' chief geologist, Vincent Combes. You can access a downloadable version of the paper on-line.

Colin Padget, Founders' president and chief executive officer, commented: "This research underscores the significance of integrating district- to mineral-scale geological data to refine gold exploration strategies at Antino. The company's success to date has been predicated on having a solid geological understanding of the area, which continues to be further defined with ongoing exploration. Our strategy for 2025 remains focused on expanding the more advanced targets along strike and at depth, and testing new prospective areas."

Key takeaways of publication:

• Gold mineralization in the Antino district is preferentially hosted within shear zones and intermediate intrusive bodies at lithological boundaries;
• Key deformation events created extensive veining, brecciation and shear zones, all of which are important pathways for gold mineralization;
• Later-stage deformation played a crucial role in the high-grade concentration of gold at Antino;
• Confirmation that the location and shape of tonalite-trondhjemite-granodiorite (TTG) complexes are important in strain accumulation and distribtution at Antino.

April 10, 2025, Founders Metals Inc. has appointed Barry Macdonald to the company's board of directors as an independent director.

Founders Metals president and chief executive officer Colin Padget commented: "We are pleased to welcome Barry to Founders' board of directors. His extensive experience in finance and corporate governance will be invaluable as we continue to grow."

Mr. Macdonald is a fellow of the Chartered Professional Accountants of British Columbia and a retired partner at PwC, with over 40 years of experience in strategic governance, international tax, mergers and acquisitions and corporate finance. He is the current board chair of the Simon Fraser University UniverCity Real Estate Trust and Truvera Trust & Mortgage Corp. Mr. Macdonald was the 2018/2019 chair of the board of the Chartered Professional Accountants of British Columbia, where he led its board of 17 directors governing 35,000 members. He is currently the British Columbia executive of the Institute of Corporate Directors.

On March 17, 2025, Founders Metals Inc. has released further assay results from preliminary drilling at Van Gogh, the most recent high-grade gold discovery at its Antino gold project in southeastern Suriname. The company reports 72.0 metres of 2.29 grams per tonne gold extending gold mineralization to approximately 200.0 metres vertical depth from surface at Van Gogh. The drilling follows up on the 28.5 metres of 7.12 grams per tonne gold interval from 18 metres downhole in the first hole reported on Feb. 20, 2025. It drilled 72 m of 2.29 g/t Au at Antino.

"The latest Van Gogh results further support the Tier 1 discovery potential that Antino and our 2025 exploration program represents. Van Gogh is emerging as another key discovery, with characteristics most like Upper Antino," said Colin Padget, president and chief executive officer. "Founders' focus this year is on unlocking the property's full potential and building value for shareholders through systematic discovery and the ongoing expansion of our earlier successes. To this end, we currently have four drills turning full-time and a fifth rig will be operational by midyear."

February 24, 2025, Founders Metals Closes $2.6M Financing with B2Gold

https://www.fdrmetals.com/news/founders-metals-closes-c26m-financing-with-b2gold

February 20, 2025, Founders Metals Closes C$32.5 Million Bought Deal Financing

https://www.fdrmetals.com/news/founders-metals-closes-c325-million-bought-deal-financing

February 20, 2025, Founders Metals Hits 28.5 m of 7.12 g/t Au in First Drill Hole at Van Gogh Discovery

The Company announced the first assay results of its 2025 drilling campaign and a new drill-confirmed high-grade gold discovery at Van Gogh intersecting 28.5 m of 7.12 g/t Au from 18.6 m in the first drill hole at Van Gogh. The drilling follows up on high-grade channel sampling results reported on January 21st.

https://www.fdrmetals.com/news/founders-metals-hits-285-m-of-712-gt-au-in-first-drill-hole-at-van-gogh-discovery

January 21, 2025, Founders Metals Makes First High-Grade Gold Discovery of 2025; 17.8 m of 5.68 g/t Au at Surface in New Zone

Founders Metals announced a new high-grade gold discovery, the Van Gogh Zone, 1.8 km west of the Lawa Prospect, at the Antino Gold Project. The Company highlights grab sample results with assays ranging from 1.5 to 66.8 g/t gold (Au), and 17.8 m of 5.68 g/t Au in the first channel sample over the newly identified high-grade structure. The discovery highlights an emerging, multi-kilometre parallel gold trend east of the main >15 km Antino structure. The Company recently began drilling the new zone as the first of more than ten new high-priority drill targets planned for 2025.

https://www.fdrmetals.com/news/2025/founders-metals-makes-first-high-grade-gold-discovery-of-2025-178-m-of-568-gt-au-at-surface-in-new-zone

December 11, 2024, Founders Metals announced drill core assay results from the first five holes at the newly discovered Da Vinci prospect at the Antino Gold Project, where gold mineralization occurs from surface over two broad shear zones including, 21 m of 3.24 g/t gold (Au) within a broader 67.0 m of 1.26 g/t Au and 36.0 m of 2.21 g/t Au.

https://www.fdrmetals.com/news/christmas-in-the-jungle-founders-metals-hits-360-m-of-221-gt-gold--670-m-of-126-gt-gold-from-surface-in-new-da-vinci-discovery

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