Vancouver, British Columbia--(Newsfile Corp. - December 5, 2024) - Founders Metals Inc. (TSXV: FDR) (OTCQX: FDMIF) (FSE: 9DL0) ("Founders" or the "Company") announces drill core assay results from the Antino Gold Project ("Antino" or "Project") in southeastern Suriname. The Company reports high-grade gold mineralization including 23.0 metres (m) of 5.00 grams per tonne (g/t) gold (Au) at the Froyo Gold Zone ("Froyo" or "Zone"). Additional drilling extends gold mineralization at Froyo by 180 m. The Company has completed more than 40,000 m this year and expects to meet its 45,000 m goal by the end of the year. Drilling HighlightsExploration Highlights Founders' President and CEO, Colin Padget commented, "Drill hole 24FR090 represents the 22^nd interval at Upper Antino exceeding 100 gram-metre per tonne**, reaffirming the deposit's exceptional grade profile. The continuous growth at Upper Antino over the last 12 months has been a key de-risking step for the project, and when combined with the numerous new discoveries and impressive gold intercepts at Lower Antino and Buese, emphasizes Antino's potential to develop into a Tier 1 asset. Moving forward into 2025, we are continuing with our strategy of unlocking value through aggressive exploration, new discoveries, and the continued expansion of known gold mineralization at Antino. On this note, we are particularly excited about the new discovery potential that the Lawa and Da Vinci target areas represent." Froyo Discussion Drillholes 24FR090 and 24FR092 expand broad, high-grade gold mineralization northward at Froyo (Figure 2). These results continue to validate the exploration strategy of focusing on the sheared limbs of a regional-scale fold at Upper Antino, where a series parallel gold-bearing shear zones have been identified. Froyo now has a drill-defined strike length of ~1.6 km and an ~300 m wide mineralized footprint. To date drilling extends gold mineralization to a depth of 275 m and the system remains open in all directions. The deepest drilling at Froyo has delivered some of the broadest, highest-grade intercepts to date. There is evidence of a repeating series of high-grade shoots within the broader mineralizing system. Analogous gold deposits in similar Guiana Shield stratigraphy host similar deep-rooted structures with gold mineralization extending to over 1000 m depth. Current drilling efforts at Upper Antino are focused on along-strike expansion of shallow, high-grade gold mineralization to the north and south. Future work will include systematic step-out drilling to target additional opportunity for further growth at depth. Figure 3 illustrates drilling progress and expanding gold mineralization along and across strike at Upper Antino over the last 18 months, including the identification of high-grade subparallel hanging wall shear zones. Additionally, a new high-grade shear zone-hosted discovery was made at Donut more than 900 m from Founders' earliest work on Froyo. Lawa North and Lawa South Targets The road-accessible Lawa exploration targets are ~12 km east of Upper Antino (Figure 1). Founders' geologists first visited the area to investigate recent artisanal mining activity and quickly identified two NNW-trending shear zones coincident with km-scale tonalitic intrusive bodies. Recent dry-season river bedrock mapping along the property's northeastern margin identified multiple gold-bearing shear zones up to 75 m wide that connect with the structure at Lawa North, giving the target an 8 km long mineralized strike length. The Lawa South shear zone extends over 5 km. Early work indicates property-scale, gold-bearing structures with similar tonalitic intrusive-hosted gold mineralization as the Donut, Lower Antino, and Buese targets. Ongoing surface exploration includes >1 km of trenching, 550+ auger samples, channel sampling, and geological mapping. An initial drill program for Lawa is anticipated for H1 2025. Da Vinci Target The Da Vinci target, identified by onsite technical staff and prioritized due to its geological similarities to the gold-rich Froyo area, underwent initial mapping before Founders redirected a drill from nearby Buese for exploratory drilling (Figure 1). The promising early visual results at Da Vinci have led to the decision to keep the drill there through the year's end. Meanwhile, Buese remains a focus-Founders will deploy its fourth diamond drill there in January to continue advancing the second phase of drilling. The Company anticipates releasing the pending Da Vinci drill results by the end of 2024. Figure 1: Property Scale Plan Map To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/232642_ec95d7fd64a5a963_001full.jpgFigure 2: Upper Antino Plan Map To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7574/232642_ec95d7fd64a5a963_002full.jpgFigure 3: Upper Antino Timelapse from December 2023 to December 2024 To view an...