Dryden Gold receives $4.4-million from warrant exercise

Mr. Trey Wasser reports DRYDEN GOLD PROVIDES AN UPDATE ON WARRANT EXERCISE INCLUDING EUROPAC GOLD FUND AND DELBROOK CAPITAL ADVISORS To date, 14,681,130 of the 38,489,148 warrants issued in connection with Dryden Gold Corp.'s listing on the TSX Venture Exchange effective Dec. 28, 2023, have been exercised for gross proceeds of $4,404,339. The 2023 warrants are exercisable at 30 cents and expire on Dec. 28, 2025. With the warrant exercises to date, the company has 207,960,506 common shares outstanding. EuroPac Gold Fund and Delbrook Capital Advisors Inc. Included in the warrant exercises to date is the EuroPac Gold Fund, which previously held 5.05 million common shares of the company, which has exercised 7.3 million warrants, resulting in it having control and direction over an aggregate of 12.35 million shares, or 5.94 per cent of the current outstanding shares as at the date hereof. In addition, Delbrook Capital Advisors, which manages funds controlling 16,723,935 shares, has exercised 6,829,270 warrants resulting in those funds having control and direction over an aggregate of 23,553,205, or 11.33 per cent of the shares currently outstanding, as at the date hereof. The board of directors of the company has approved Delbrook Capital Advisors becoming an insider of the company, as that term is defined under applicable securities laws. Bunt Capital Corp. acted as a strategic adviser to the company regarding the warrant exercise. Trey Wasser, chief executive officer, commented on the warrants: "We are pleased to see the continued support from two of our largest shareholders. With a current treasury of $8.8-million, we will be significantly expanding our 2026 exploration program. With the warrants expiring Dec. 28, it is possible that additional warrants may be exercised, which would further enhance our treasury. Again, I would like to thank our entire team and our loyal shareholders for a very successful year." Early warning report by Delbrook Capital Advisors An early warning report in respect of acquisition of shares by Delbrook Capital Advisors will be filed on Form 62-103F3 in accordance with applicable securities laws and will be available on Dryden's SEDAR+ profile. 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), the OTCQB marketplace (symbol: DRYGF) and the Frankfurt 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 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.