Dryden Gold drills 15.5 m of 1.1 g/t Au at Sherridon

Executive Summary

• Dryden Gold Corp. released drill results from the second pass of drilling at its Sherridon gold discovery, highlighting a broad interval of near-surface mineralization in hole DSH-004.
• The company announced an expansion of its 2026 drill program from 23,000 metres to a minimum of 32,000 metres, funded by recent warrant exercises and a top-off investment from strategic partner Centerra Gold.
• Preliminary geochemical data suggests Sherridon represents a distinct deposit model, potentially an intrusion-related system, differing from the nearby Gold Rock camp, with ongoing studies targeting the source of mineralization.

Key Details

• Sherridon Drill Results (Hole DSH-004):
  • Intercepted 1.10 g/t gold over 15.50 metres.
  • Included a high-grade interval of 0.50 metres grading 25.20 g/t gold.
  • Located 150.00 metres east of hole DSH-25-001 (released Oct 14, 2025), expanding the known mineralization.
• 2026 Follow-up Program Design:
  • Consisted of three holes testing large stepouts.
  • Hole DH-004: 150 metres east on strike from DSH-25-001.
  • Hole DSH-005: 300 metres to the southeast.
  • Final hole: Approximately 1 km west-northwest of the initial program to test a high-mag anomaly and shear zone regional potential.
• Geochemical and Geophysical Findings:
  • Multielement geochemical data indicates a single fluid signature for Sherridon gold mineralization.
  • Distinct mineralogical, alteration, and geochemical attributes differ from gold mineralization in the Gold Rock camp to the northwest.
  • 2025 property-wide till substrate sampling totaled 1,226 samples at 200m x 500m spacing.
  • Initial interpretations suggest an intrusion-related source, opening potential for vectoring toward the source intrusion.
• 2026 Exploration Expansion & Funding:
  • Drill program expanded from 23,000 metres to a minimum of 32,000 metres.
  • Funding secured via recent warrant exercises and a top-off investment from Centerra Gold (TSX: CG; NYSE: CGAU).
  • Two-pronged approach: Expanding known mineralization at Gold Rock and exploring regionally for new discoveries.
• Other Project Updates:
  • Gold Rock: Drilling continues to expand high-grade gold zones and prove periodicity. Results from the Pearl zone (extension of the Jubilee zone on the Elora gold system) are currently in the lab.
  • Mud Lake: Further drilling planned at this new discovery.
  • Hyndman: Drilling underway to test results from 2025 channel sampling.
• Technical Methodology:
  • Samples analyzed by Activation Laboratories using 50-gram fire assay with atomic absorption finish; overlimits determined by gravimetric finish.
  • QA/QC includes certified reference materials, blanks, and duplicate analysis.

Notable Quotes

• Maura Kolb, President: "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."