Mr. Trey Wasser reports

DRYDEN GOLD AND EAGLE LAKE FIRST NATION SIGN EARLY EXPLORATION AGREEMENT

Dryden Gold Corp. has signed an early exploration agreement with Eagle Lake First Nation (ELFN), establishing a framework for continuing engagement, collaboration and mutual respect as the company advances exploration activities within Eagle Lake First Nation's traditional territory.

The agreement reflects a shared commitment to open and transparent communication, environmental stewardship and meaningful participation throughout the exploration process. It also provides a framework for identifying opportunities for employment, training, contracting and other economic benefits associated with Dryden Gold's exploration activities.

The agreement was signed Aug. 18, 2026, at Eagle Lake First Nation following a community meeting attended by representatives of Dryden Gold and leadership, staff and members of Eagle Lake First Nation. The meeting provided an opportunity for the company to share information about its exploration activities and for community members to ask questions, provide feedback and discuss priorities directly with the Dryden Gold team. The signing was followed by a community lunch.

"The signing of this agreement is an important step in building a positive and respectful relationship between Eagle Lake First Nation and Dryden Gold," said Chief Bernadette Wabange of Eagle Lake First Nation. "Open communication and meaningful engagement are important to our community, and we look forward to continuing this dialogue as exploration activities progress within our traditional territory. This agreement supports economic growth in the region while ensuring that our traditional laws, values and lands are respected and protected."

"Signing this agreement with Eagle Lake First Nation is an important milestone for Dryden Gold and reflects the relationship we have been building through ongoing dialogue and engagement," said Trey Wasser, chief executive officer of Dryden Gold. "We believe that early, open and respectful engagement is fundamental to responsible exploration, and we look forward to continuing to work closely with Eagle Lake First Nation as our exploration programs advance."

Maura Kolb, president of Dryden Gold, added: "Our exploration work takes place in an area with a long history and deep connection to the Anishinaabe communities of Northwestern Ontario. We greatly appreciated the thoughtful questions and feedback shared by community members. We recognize the importance of listening, sharing information and building relationships based on trust and mutual respect. We are pleased to formalize our relationship with Eagle Lake First Nation through this agreement and look forward to continuing our work together."

The agreement establishes a process for regular communication and engagement between Dryden Gold and Eagle Lake First Nation as exploration progresses. It also provides a foundation for collaboration on matters including environmental stewardship, community participation and economic opportunities associated with the company's exploration activities.

Pursuant to the terms of the agreement, Dryden has agreed to reimburse Eagle Lake First Nation $25,000 for its work conducting its environmental review of exploration activities conducted by the company on Eagle Lake First Nation lands. In accordance with the agreement and pursuant to the terms of a debt settlement agreement between the company and Eagle Lake First Nation, subject to receipt of TSX Venture Exchange approval, the company intends to settle the indebtedness through the issuance of 113,636 common shares at a deemed price of 22 cents per share.

In accordance with applicable securities legislation, the common shares issued pursuant to the debt settlement will be subject to a hold period of four months plus one day from the date of completion of the debt settlement.

Dryden Gold remains committed to building meaningful, long-term relationships with indigenous communities throughout the region and to conducting its exploration programs in a responsible and respectful manner.

About Eagle Lake First Nation

Eagle Lake First Nation, also known as Migisi Sahgaigan, is an Ojibwe community located on the northeastern shores of Eagle Lake, approximately 25 kilometres southwest of Dryden in Northwestern Ontario. As one of the 28 first nations in the Treaty No. 3 region, Eagle Lake is a self-governing community with a strong connection to its lands, waters, culture and future generations. The community's values are rooted in the understanding that the land is the source of life and teachings and that all things are interconnected. Guided by principles of respect, responsibility, good stewardship and balance with the natural world, Eagle Lake First Nation continues to support the well-being of its members through education, health, housing, lands and resources, public works, economic development, cultural activities, and community services. With its sacred rock paintings, history and continued presence of eagles in the area, Migisi Sahgaigan reflects both deep cultural roots and an active commitment to building a strong, healthy future for the community.

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 (symbol: DRY) and traded on the OTCQX (symbol: DRYGF) and Frankfurt Stock Exchange (symbol: X7W). 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 100-per-cent interest in mining claims in a dominant strategic land position in the Dryden district of Northwestern Ontario. 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 nation communities and benefits from proximity to an experienced mining work force. Dryden Gold is committed to building respectful, collaborative relationships with indigenous nations and communities throughout the company's area of operations. Dryden Gold recognizes the importance of continuing dialogue, mutual understanding, and meaningful engagement as the company advances its exploration activities.

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