Original News Release
Dryden Gold completes 15,000 m of drilling at Gold Rock
Mr. Trey Wasser reports
DRYDEN GOLD ADVANCES DISTRICT-SCALE DISCOVERIES WITH THE COMPLETION OF ITS 2025 EXPLORATION CAMPAIGN
Dryden Gold Corp. has provided an update on the 2025 exploration campaign. The company has recently finished the planned 15,000 metres of drilling and completed all the summer fieldwork. There are 19 holes with assays pending from this drill program (Table 1). The holes to be released from the 2025 drill program targeted the Gold Rock target area and the Mud Lake target area. In addition, the results from regional field work which included mapping, sampling and soil programs are still outstanding.
The 2025 exploration program was designed to advance the company's two-pronged exploration strategy. Approximately 55 per cent of the budget was allocated to expanding Gold Rock and 45 per cent was focused on regional exploration to support new discoveries in the Dryden gold district and to develop new high-grade gold targets in the Gold Rock camp.
Trey Wasser, chief executive officer of Dryden Gold, states: "The 2025 exploration program has been a tremendous success. The results, released to date, support our thesis of district-wide development on our large strategic land package. The high-grade mineralized footprint at Gold Rock has grown substantially with the discovery of multiple parallel mineralized structures. Mud Lake results will confirm periodicity at the deposit scale and validate our many early target areas in the Gold Rock camp. Results at Hyndman and Sherridon are very exciting and both regional targets will be included in our 2026 program. This year has been a pivotal year for Dryden Gold having set up our exploration facilities and hiring our own local geology team with some of the best young talent in the industry."
Dryden Gold had four stated objectives that comprised its 2025 exploration program:
The first objective for Dryden Gold was to expand the footprint of the Gold Rock target area. Drilling tested along strike on the Elora gold system where the company discovered multiple parallel gold-bearing structures with exceptional high-grade intercepts. The 15 outstanding drill holes at Gold Rock continue to expand the footprint. The geology team is working to finalize long section interpretation of these multiple parallel zones and continue to pinpoint the controls of the high-grade gold.
The second objective was to prove the periodicity at the deposit scale, within the Gold Rock camp, by drill testing the potential at the Mud Lake. Mud Lake is approximately two kilometres northeast of Gold Rock and became an exploration target due to the geophysical anomaly comparable with Gold Rock. It was initially tested in 2024 through mapping and surface sampling. The company has completed an initial four-hole drill program with assays pending.
The recent assays from channel sampling at the company's third objective, Hyndman, have resulted in a positive drill decision and the team is currently planning its first-pass drill targets for the 2026 program. The channel sampling program targeted existing outcrop exposures while geophysics anomalies show a potential strike length of approximately four kilometres. High-grade gold was assayed where the exposed rock hosted veining and shear-hosted gold mineralization. Drill testing will allow the team to test the continuity of this mineralization below surface and along strike. The team believes there is potential for multiple shear parallel gold-bearing structures, with significant strike length, at Hyndman.
Lastly, the initial three-hole drill program at Sherridon has discovered board-scale gold mineralization. This board-scale mineralization differs from anything else encountered on the property to date. Sherridon is hosted within a large geophysical anomaly with a strike length of five kilometres. Testing to date has focused on a small portion of that trend leaving the Sherridon target open in all directions. Additional drill targets will be designed based on drill results and geological interpretations from expanded mineral assays, geochemistry and relogging of historic core.
Additional regional exploration
Gold Rock camp
The 2025 summer field mapping campaign targeted several high-priority target areas for ground truthing and first pass prospecting throughout the 20 km Gold Rock camp. The mapping campaign expanded on a fault intersection target on the east side of the Manitou Dinorwic deformation zone where arsenopyrite mineralization was encountered during the 2024 mapping campaign. In addition, the program focused on the northeast trend pass beyond Mud Lake where a previously untested geophysical anomaly was sampled with assays and geochemical results pending.
Soil and till program
Dryden Gold completed a systematic regional till and soils program during the summer of 2025 that consisted of 4,278 samples across its 70,250-hectare land package. The field collection was completed by October, 2025, and lab analysis is continuing with Dryden expecting results by late 2025/early 2026. This comprehensive data set will support continuing regional targeting and help future prioritization of exploration across Dryden's property.
Marketing update
Maura Kolb, PGeo, president, will be participating in the upcoming New Orleans Investment Conference taking place on Nov. 2 to Nov. 5, 2025, and will be presenting on Nov. 3 at 9:50 a.m. CT at Presentation Area One in the Exhibit Hall. Investors are encouraged to stop by booth No. 228 to ask management questions about the company's fully financed, continuing 20,000-plus-metre drill program. On Nov. 6, Maura will be giving a corporate presentation to new investors during a road show in Atlanta, Ga., organized by Roger Fitzpatrick at the Palm Restaurant.
Exploration manager Ryan Humphries will be presenting at the Central Canadian Mineral Exploration Convention in Winnipeg on Nov. 3 during Session 5 at 1:30 p.m. CT to give an exploration update.
Chief executive officer Trey Wasser will be meeting with investors at the 121 London Mining Investment Conference taking place on Nov. 17 to Nov. 18. Shortly thereafter, Mr. Wasser will also be participating in the Swiss Mining Institute Zurich conference from Nov. 20 to Nov. 21 hosting more one-to-one meetings with guest speakers, Claude Bejet Peter Krauth, Florian Grummes, Eric Strand and more. The company welcomes investors to reach out for meetings and to review its updated corporate presentation.
Marketing agreement and stock options
Dryden Gold wishes to announce that it has agreed to extend its engagement with Vancouver-based Matrix Agency Marketing Ltd., a marketing and consulting services company focused on the junior mining sector, effective Nov. 1, 2025. Under the terms of the renewal agreement, Dryden Gold will compensate Matrix $16,000 per month, over a 12-month term of the agreement and has granted Matrix stock options exercisable to acquire an aggregate of 100,000 common shares at a price of 31 cents per share for five years. The options shall vest quarterly over a period of 12 months, with 25 per cent vesting each quarter. Matrix may from time to time acquire or dispose of securities of the company through the market, privately or otherwise, as circumstances or market conditions warrant. Matrix has also agreed to the company's insider trading policy and will observe the company's trading blackouts. Matrix and its affiliates are at an arm's length to Dryden Gold and has no other relationship with Dryden Gold, except pursuant to the agreement. The agreement is subject to the approval of the TSX Venture Exchange.
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.
Analytical laboratory and QA/QC (quality assurance/quality control) procedures
The company is drilling NQ size core. Samples are cut in half, with half going to the lab for analysis and half kept as a record. True thickness/widths of the mineralization are unknown, result intervals are reported as the drilled core lengths unless otherwise stated. All sampling completed by Dryden Gold within its exploration programs is subject to a company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials and a level of duplicate analysis. Drill samples from the 2024 and 2025 program were sent to Activation Laboratories, with sample preparation and analysis in Dryden, where they were processed for gold analysis by 50-gram fire assay with an atomic absorption finish and over limits determined by fire assay with a gravimetric finish. Select samples were analyzed using metallic screens. Activation laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for National Instrument 43-101.
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) and on the OTCQB marketplace (DRYGF) and FSE (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 gold 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.
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