Dryden Gold Acquires Additional Property in the Gold Rock Camp

Dryden Gold Corp. (DRY) has entered into an option agreement to acquire 100% ownership of the Lost Lake Property from Orebot Inc. The property comprises 123 tenured mineral claims situated within the historic Gold Rock Mining Camp, adjacent to Dryden Gold’s existing land package. The transaction remains subject to approval by the TSX Venture Exchange.

The consideration structure involves a total of $100,000 in cash and 125,000 common shares. Specifically, Dryden Gold will pay $10,000 in cash and issue 25,000 shares upon signing. An additional $40,000 in cash and 50,000 shares are due at the first anniversary, with a final payment of $50,000 in cash and 50,000 shares required at the second anniversary. Upon exercise of the option, Dryden Gold will grant Orebot a 3% Net Smelter Returns (NSR) royalty. The company retains the option to repurchase 1.5% of the NSR for $1,000,000. The Lost Lake Property is located within the Manitou-Dinorwic Deformation Zone, a known orogenic gold system.

Dryden Gold Corp. (DRY) has completed an acquisition that represents a routine, incremental step in its district-scale exploration strategy. The total consideration for the deal is $100,000 and 125,000 shares, an amount immaterial relative to the company’s $14.5 million cash balance and $17.5 million 2026 exploration budget.

The transaction aligns with previous announcements detailing the expansion of the Gold Rock footprint and the aggressive 45,000-metre drilling program. It does not change the fundamental outlook, valuation, or risk profile of the company, as the market was already pricing in continued land consolidation and exploration expansion. The 3% NSR royalty is a standard industry practice for early-stage property acquisitions and does not impose a significant near-term financial burden.

Dryden Gold Corp. is a pre-revenue gold exploration company operating in the Dryden District of Northwestern Ontario. Its flagship project, Gold Rock Camp, is part of an 865 km² (86,585 hectares) 100% consolidated land package. The property sits along a 50 km strike covering the regional gold-bearing Manitou-Dinorwic Deformation Zone (MDdz) and two additional cross-cutting regional fault structures.

The company is in the early-stage exploration phase and is currently in the discovery and expansion phase, with no formal mineral resources or reserves reported. Dryden Gold has drilled approximately 15,000 metres in 2025 and is expanding to a 45,000-metre program in 2026. Key targets include the Gold Rock zones of Elora, Big Master, Jubilee, and Pearl, as well as Hyndman, Sherridon, Mud Lake, and Tremblay.