Anting Gold Project Reports High-Grade Gold Intercepts

VANCOUVER - Founders Metals Inc. report on drill core assay results from its maiden drill program at the Antino Gold Project in southeastern Suriname. The Company reports further high-grade gold intercepts as it continues to step-out from and expand gold mineralization in the Froyo Gold Zone. Rapid assay turnaround times allow Founders to continuously share results and demonstrate the incremental growth of this high-grade gold zone to depth and along strike.

Highlights: Drillhole 23FR009 intersects 9.00 metres (m) core length of 11.10 grams per tonne (g/t) gold (Au) including 6 m of 15.92 g/t Au and 4.25 m of 19.29 g/t Au; Drillhole 23FR010 returns 12.20 m core length of 8.75 g/t Au; Highest grade assay to date from Drillhole 23FR007 at 0.95 m of 115 g/t Au; The new gold intercepts demonstrate continuity of high-grade gold to depth and along strike; and Over 3200 m of drilling to date with now consistent drill core recovery in saprolite zones above 90%.

Colin Padget, President and CEO, said, "These latest results are excellent and demonstrate continuity of the high-grade gold mineralization at Antino. We are continuing to build on these results in the near-term but with our recent IP survey in hand and ground magnetics underway we are excited to soon start testing the high-priority drill targets coming out of the new data. We will be releasing details of this upcoming work soon."