15:28:59 EST Tue 20 Jan 2026
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Dryden Gold Corp
Symbol DRY
Shares Issued 213,134,590
Close 2026-01-19 C$ 0.315
Market Cap C$ 67,137,396
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Dryden Gold drills 15.5 m of 1.1 g/t Au at Sherridon

2026-01-20 11:50 ET - News Release

Mr. Trey Wasser reports

DRYDEN GOLD EXPANDS SHERRIDON GOLD DISCOVERY

Dryden Gold Corp. has released drill results from second pass drilling at its Sherridon gold discovery. This includes a broad interval of near-surface gold mineralization in hole DSH-004 which returned 1.10 grams per tonne gold over 15.50 metres, including 0.50 metre grading 25.20 g/t gold. Hole DSH-004 was drilled 150.00 metres east and expands the mineralization that was intersected by hole DSH-25-001 released Oct 14, 2025.

The 2026 follow-up program at Sherridon consisted of three holes testing large stepouts. Drill hole DH-004 was 150 metres east on strike from hole DSH-25-001 while DSH-005 was 300 metres to the southeast. The last hole of the program was approximately one kilometre west-northwest of the initial drill program designed to test the high-mag anomaly and the shear zone's regional potential.

Preliminary review of the multielement geochemical data from the 2025 drill program indicates a single fluid signature for the gold mineralization at Sherridon that shows distinct mineralogical, alteration and geochemically attributes which differ from those associated with gold mineralization in the Gold Rock camp to the northwest. The 2025 Sherridon property-wide till substrate sampling program totalled 1,226 samples which were collected at a 200-metre-by-500-metre spacing across the property. These data, together with drill hole geochemistry and the continuing 3-D geophysical inversion studies at Sherridon, are guiding follow-up exploration planning and broader regional targeting across the Sherridon land package. Initial interpretations suggest the potential for an intrusion-related source for the Sherridon mineralization opening the potential for vectoring toward the source intrusion in future testing.

Maura Kolb, president of Dryden Gold, stated: "The mineralization at Sherridon is very different from anything we have encountered in the Dryden gold district. From our initial logging, the geology team noticed different textures and fabrics to the mineralized zones. Initial geochemistry from the 2025 drill program is supporting a very different deposit model. Our team believes that what we have encountered, to date on the Sherridon property, represents alteration and halo mineralization to a much larger system. The newly received till substrate results and ongoing 3-D geophysical inversion studies will be used to target the source or the major trap for mineralization at Sherridon. Mapping and prospecting this summer will focus on outlining the true potential at Sherridon."

Exploration update

Based on the increased 2026 funding from the recent warrant exercises and a top-off investment from the company's strategic partner, Centerra Gold (Toronto Stock Exchange: CG) (New York Stock Exchange: CGAU), the company plans to expand the 2026 drill program, across its district-scale land package, from 23,000 metres to a minimum of 32,000 metres. The company will continue its two-pronged approach to exploration; expanding known mineralization at Gold Rock while exploring regionally for a new discovery. Drilling will continue to primarily focus on the growth and expansion of the high-grade gold zones in the Gold Rock target area and proving periodicity throughout the Gold Rock camp with further drilling planned at the new Mud Lake discovery. Drilling is continuing at Gold Rock and results from the Pearl zone are in the lab. Pearl represents the extension of the Jubilee zone on the Elora gold system at Gold Rock. Drilling at the Hyndman discovery is also underway testing the results from 2025 channel sampling.

All drill hole location details and drill results can be found on the company's website with additional technical information and hole descriptions.

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.

Analytical laboratory and QA/QC (quality assurance/quality control) procedures

The company is drilling NQ size core. Samples are cut in half, with half going to the lab for analysis and half kept as a record. True thickness/widths of the mineralization is unknown; result intervals are reported as the drilled core lengths unless otherwise stated. All sampling completed by Dryden Gold within its exploration programs is subject to a company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Drill samples from the 2024, 2025 and 2026 programs were sent to Activation Laboratories, with sample preparation and analysis in Dryden, where they were processed for gold analysis by 50-gram fire assay with an atomic absorption finish and overlimits determined by fire assay with a gravimetric finish. Select samples were analyzed using metallic screens. Activation Laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets 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 (DRY), on the OTCQB marketplace (DRYGF) and on the Frankfurt Stock Exchange (X7W). The company has a strong management team and board of directors comprised 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, enjoys collaborative relationships with first nations communities and benefits from proximity to an experienced mining work force.

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