Mr. Trey Wasser reports

DRYDEN GOLD CORP. REPORTS SURFACE ROCK SAMPLES UP TO 13.00 G/T AU, EXPANDS LAND PACKAGE AND WELCOMES KENORLAND MINERALS TO THE DRYDEN DISTRICT

Based on results from rock chip samples collected during the 2023 field program at Dryden Gold Corp.'s Hyndman property, the company strategically staked additional ground to expand the land package along the interpreted trend of mineralization. The company would also like to welcome Kenorland Minerals Ltd. to the Dryden district. Kenorland Minerals is one of Canada's premier project generators and now holds over 73,000 hectares bordering Dryden Gold's properties (see press release dated Jan. 18, 2023).

"While our primary focus is our drilling program in the Gold Rock camp, we believe Dryden Gold holds the strongest land position in the Wabigoon greenstone belt and will continue to expand at strategic locations identified by our experienced geological team. We are very excited to see the strong technical team at Kenorland Minerals take such a significant interest in the underexplored and overlooked Dryden district," stated Trey Wasser, chief executive officer of Dryden Gold.

About the Hyndman property

A total of 38 surface rock samples were collected at Hyndman. Six of the samples collected hosted significant gold mineralization, three samples hosted gold mineralization over 10 grams per tonne Au with the best result at 13 g/t Au. Mineralization in the Hyndman area is hosted in intermediate to mafic volcanic rocks adjacent to the Wabigoon fault, a major regional structure. The newly staked Hyndman claims enhance the overall strategic land package situated on one of the major east-west structures in the Dryden district, similar to structures currently being explored by Dynasty Gold and now a significant land package optioned by Kenorland Minerals.

The Hyndman project area is the most easterly part of the company's property. It is located just two kilometres north of the Trans-Canada Highway and has additional road access through a network of logging roads. The area has been recently logged, making it easily accessible for additional mapping and exploration work in 2024. Dryden Gold flew high-resolution airborne magnetic survey in 2022 which indicated layering of mafic to intermediate units and horizons of more magnetic rocks likely due to magnetite or pyrrhotite within the host rock at Hyndman. Historically, gold showings have occurred on the southern side of the major regional fault and the significant results from this program align with previous discoveries and potentially new mineralized areas. Observations from the summer mapping campaign included strong pyrite mineralization and silicification within intermediate to mafic volcanics, pyrite mineralization hosted within diorite and pyrite mineralization in felsic dike contacts.

Maura Kolb, the company's president and head of exploration, commented on Hyndman: "The team feels that multiple showings of over 10 g/t Au represent our first important target at Hyndman. We will continue to test the potential of gold mineralization hosted within the mafic volcanic rocks on and along the Wabigoon fault. The shearing is very strong and pervasive throughout these rocks mapped by the summer field team and the new results demonstrate strong growth potential along the Wabigoon fault."

Dryden Gold has significantly expended the size of the land package around the Hyndman project area. The new land package is nearly four times larger than the original Hyndman Pproject land package and the additional land adds approximately another seven kilometres of strike on the south side of the Wabigoon regional fault structure.

The company has prepared and filed a technical report in respect of the Dryden gold properties titled "NI 43-101 Technical Report Dryden Gold Project" and dated effective Sept. 6, 2023, prepared for the company by Calvin Church, PGeo, a copy of which can also be found under the company's profile on SEDAR+.

Qualified person

The technical disclosure in this news release has been reviewed and approved by Ms. Kolb, MSc, PGeo, president of Dryden Gold and a qualified person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Analytical laboratory and quality assurance/quality control procedures

All sampling completed by Dryden Gold within its exploration programs is subject to a company standard of internal QA/QC programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Surface samples from the 2023 program were sent to Activation Laboratories, with sample preparation in Dryden and analysis in Thunder Bay and Dryden, where they were processed for gold analysis by 50-gram fire assay with an atomic absorption finish. Activation Laboratories systems conform to requirements of ISO/IEC standard 17025 guidelines and meet assay requirements outlined for National Instrument 43-101.

About Dryden Gold Corp.

Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange. The company has a strong management team and board of directors comprising experienced individuals with a record of building shareholder value through property acquisition and consolidation, exploration success, and merger and acquisitions. Dryden Gold controls a 100-per-cent interest in a dominate strategic land position in the Dryden district of Northwestern Ontario. Dryden Gold's property package includes historic gold mines but has seen limited modern exploration. The property hosts high-grade gold mineralization over 50 km of potential strike length along the Manitou-Dinorwic deformation zone. The property has excellent infrastructure, and enjoys first nations support and proximity to an experienced mining work force.

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