Mr. Trey Wasser reports

DRYDEN GOLD CORP. ANNOUNCES THE ACQUISITION OF A KEY STRATEGIC PROPERTY CONTIGUOUS TO ITS GOLD ROCK CAMP

Dryden Gold Corp. has entered into a purchase agreement to acquire 100-per-cent ownership of 32 tenured mineral claims from Cross River Ventures Corp. The property is strategically located in the historic Gold Rock mining camp and is contiguous to the company's Kenwest patented claims. The property is situated along the Manitou-Dinorwic deformation zone and hosts several crosscutting east-west structures interpreted to be the source for gold mineralization in this orogenic gold system. The property includes an active exploration permit for drilling and trenching. The agreement is subject to approval of the TSX Venture Exchange.

"We are excited to add such a strategically placed property to our land package in the Gold Rock camp. While this may not be our last acquisition in the Dryden district, it is expected to be one of the most important. Our fieldwork combined with 3-D geophysical studies have confirmed several compelling targets and because the property has an active drill permit, work could begin as early as Q2 2024," stated Trey Wasser, chief executive officer of Dryden Gold.

The agreement

Pursuant to an earlier agreement, the company previously made a $175,000 cash payment to Cross River for the acquisition of the property in 2023. Under the terms of the current agreement, Dryden Gold will issue 400,000 common shares of Dryden Gold at a deemed price of 22 cents per share. The property is subject to two pre-existing net smelter royalty agreements as follows:

• A total of five multicell mining claims and two single-cell mining claims totalling 67 cells with a 1.50-per-cent net smelter return royalty payable to Solstice Gold. The company can buy down 0.50 per cent at any time for $500,000;
• A total of 22 multicell mining claims and three single-cell mining claims totalling 250 cells with a 1.50-per-cent net smelter return royalty payable to EMX Royalty. The company can buy down 0.75 per cent at any time for $500,000. Thereafter, the balance of the royalty carries a right of first refusal in favour of Dryden Gold.

The consideration shares are being issued in accordance with an exemption from prospectus requirements under applicable security legislation and will be subject to a hold period of four months and one day.

Qualified person

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

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 (DRY). 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 mergers and acquisitions. Dryden Gold controls a 100-per-cent interest in a dominant 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 kilometres 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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