Mr. Trey Wasser reports

DRYDEN GOLD MAKES FINAL PAYMENTS AND EXERCISES TREMBLAY OPTION AGREEMENT

Dryden Gold Corp. has notified the optionors of the option agreement dated Feb. 8, 2022, that the company has fulfilled its remaining expenditure obligations under the option agreement between Dryden Gold and Michael Tremblay (50 per cent) and 2625286 Ontario Inc. (50 per cent). The company will now be making its final option payment, pursuant to which Dryden Gold will acquire a 100-per-cent interest in the Tremblay property located at the northern portion of the company's 70,000-hectare land package that includes the Hyndman property.

Under the terms of the option agreement, Dryden Gold has previously paid the optionors a total of $212,500 cash and has issued an aggregate of 2,011288 common shares of the company. The final payment consists of an additional $62,500 cash and the issuance of an additional 514,685 shares at a deemed price of 36.43 cents per share to optionors to satisfy the remaining $250,000 payment on the Tremblay property. The issuance price of the shares was determined based on 30 days of trading in the company's stock on a volume-weighted basis (the 30-day volume-weighted average price) for the period ending Feb. 6, 2026. The final share issuance is subject to TSX Venture Exchange approval, and the shares will be subject to a hold period of four months and one day from the date of issuance.

Dryden Gold has also completed the required aggregate $1.2-million in firm work commitments on the Tremblay property and on completion of this option exercise will now own a 100-per-cent legal and beneficial interest subject to a 2-per-cent net smelter returns royalty to the optionors of which 1 per cent can be purchased by the company, at any time, for $1-million.

Prior to the final share issuance, the optionors held an aggregate of 1.08 million common shares of the company. After the share issuance, the optionors will hold an aggregate of 1,594,885 common shares of the company representing a security holding percentage of less than 1 per cent of the outstanding shares of the company.

The company also announces that it has granted an aggregate of 2.9 million incentive stock options under the company's stock option plan to management, board of directors, employees, strategic advisers and consultants of the company. The options are exercisable at a price of 40 cents per share for a period of 10 years from the date of grant. The options will vest 20 per cent on the date of grant and 20 per cent every six months thereafter for a total period of two years for management and will vest quarterly over one year for the independent directors.

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), on the OTCQB marketplace (DRYGF) and on the Frankfurt Stock Exchange: (X7W). The company has a strong management team and board of directors comprise 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.

We seek Safe Harbor.