Mr. Trey Wasser reports

DRYDEN GOLD CLOSES ITS UPSIZED FINANCING WITH STRATEGIC INVESTMENTS FROM CENTERRA GOLD AND ALAMOS GOLD

Dryden Gold Corp. has closed its previously announced (April 27, 2026) non-brokered equity financing (the upsized financing) to include an aggregate of 22,716,146 common shares for aggregate proceeds of $9,595,045.60. The upsized financing is comprised of flow-through common shares and charity flow-through common shares. A total of 16,031,449 FT shares were issued at 41 cents per FT share for aggregate proceeds of $6,572,894.09, and 6,684,697 CFT shares were issued at a price of 45.2 cents per CFT share for aggregate proceeds of $3,022,151.51. The FT shares and the CFT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Ontario-focused flow-through shares as defined in the taxation act, 2007 (Ontario). A finders' fee of 6-per-cent cash, for a total of $291,028.46 under the upsized financing was paid to eligible arm's-length persons with respect to certain subscriptions accepted by the company. Interward Asset Management Ltd. acted as financial adviser to the company regarding the upsized financing.

The company is pleased to announce that in connection with the upsized financing, Centerra Gold exercised its top-up right to retain its 9.9-per-cent interest in the company as granted within the investor rights agreements, dated Dec. 17, 2024. Centerra purchased 2,305,000 common shares issued under the charity flow-through portion of the financing.

The company is also pleased to announce that Alamos Gold Inc. purchased 2.41 million common shares issued under the charity flow-through portion of the financing. Alamos now holds an aggregate of 25,413,326 common shares of the company maintaining its 10.46-per-cent ownership of the outstanding shares of the company.

The gross proceeds of the upsized financing will be used to finance additional drilling and exploration on the company's 90,000-hectare property in Northwestern Ontario. An amount equal to the gross proceeds from the issuance of the FT shares and the CFT shares will be used to incur eligible resource exploration expenses which will qualify as (i) Canadian exploration expenses (as defined in the tax act), (ii) as flow-through mining expenditures (as defined in Subsection 127(9) of the tax act); and as eligible Ontario exploration expenditures within the meaning of the Ontario Tax Act.

The issuance of the shares under the offering remains subject to the final acceptance by the TSX Venture Exchange and compliance with applicable regulatory requirements including requirements under National Instrument 45-106 -- Prospectus Exemptions. All of the securities issued in connection with the upsized financing will be subject to a hold period of four months and one day pursuant to applicable Canadian securities laws.

Early warning report by Alamos Gold

An early warning report in respect of the share issuance will be filed in accordance with applicable securities laws and will be available on Dryden's SEDAR+ profile. To obtain a copy of the early warning report, once filed, please contact Alamos at Brookfield Place, 181 Bay St., suite 3910, Toronto, Ont., M5J 2T3, attention: Scott K. Parsons, 416-368-9932 by 5439.

Alamos acquired the common shares for investment purposes, which investment will be evaluated and may be increased or decreased from time to time at Alamos's discretion.

About Dryden Gold Corp.

Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization and is listed on the TSX Venture Exchange (DRY), on the OTCQX Marketplace (DRYGF) and on the Frankfurt Securities 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.