TSXV: FDR
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News

Founders Metals Appoints New Chief Executive Officer

Edmonton, Alberta – November 2, 2022Founders Metals Inc. ("Founders" or the "Company") (TSXV: FDR.V) is pleased to announce that Colin Padget has been appointed as President, Chief Executive Officer, and Director to lead the Company’s growth and expansion of its newly acquired Antino Gold Project in Suriname. The addition of Mr. Padget brings the Founders’ Board of Directors to five.

Colin holds a Bachelor of Business Administration from Memorial University of Newfoundland, a First-Class Honours (B.Sc.) in geology from the University of New Brunswick, and graduate studies at the University of Calgary, where he received the highest level of Natural Science and Engineering Research Council’s (NSERC) Masters and Doctoral awards to support his work on orogenic gold deposits. Colin has worked as an exploration geologist on numerous projects in North and South America. He is currently a Senior Geologist at Benchmark Metals and Thesis Gold where has been instrumental in the advancement and success of Benchmark’s Lawyers Project and Thesis' Ranch Project. Colin’s understanding of gold systems and experience exploring for them will be immensely valuable as Founders advances the Antino Gold Project.

About Founders Metals Inc.

Founders Metals is a Canadian exploration company focused on advancing gold projects in the Guiana Shield. Its flagship project is the 23,800 ha Antino Gold Project in southwest Suriname.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: "John Williamson"

John Williamson, Director

For further information, please contact:
Nick Stajduhar, Director
Telephone: +1 (780) 701-3216
Email: nicks@fdrmetals.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward-looking statements." Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the Company's actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Any forward-looking information speaks only as of the date of this news release. Except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether because of new information or future events, or results or otherwise.