Dryden Gold Commences Systematic Exploration of High-Grade Ontario Gold District Backed by Mining Luminaries

• Dryden Gold recently listed on the TSXV but trading has been halted temporarily to distribute shares to brokers and individuals to ensure liquidity when trading starts on January 9th.
• Dryden has consolidated a large, strategic land package in the Dryden gold camp in NW Ontario, exploring for high-grade gold.
• Attracted top mining investors and industry experts to invest and join the board, lending strong credibility. The largest shareholder is Alamos Gold.
• Despite market conditions, Dryden raised $5M in an RTO financing to fund exploration. Have already conducted some initial drilling with additional drilling resuming end of this week.
• Plan focused exploration on the historic high-grade Gold Rock area over a 1.5km strike length to delineate resources; also testing other target areas across the 20km shear zone on the property.

About Dryden Gold

Dryden Gold Corp is a recently listed junior exploration company trading on the TSX Venture Exchange under the ticker symbol ‘DRY’ that is focused exclusively on exploring its flagship gold project in the Dryden area of northwestern Ontario. Dryden has consolidated an extensive, highly prospective land package covering over 20 kilometers of strike length along a major gold-bearing geological structure known as the Dryden shear zone. Historical drilling and geological work on the property has revealed exceptionally high-grade gold mineralization leading many industry experts to draw comparisons with the world-class Red Lake gold district.

Interview with CEO, Trey Wasser, & President Maura Kolb

Consolidation of Flagship Dryden Gold Project

As CEO Trey Wasser explains, “We have a very strategic land package in Northwest Ontario in The Dryden Camp” that has seen limited recent exploration despite clear evidence of high gold grades. Wasser emphasizes that “It’s a really crazy high-grade gold and it’s just never simply never been consolidated before so people like that idea of a new camp." According to Wasser, the infrastructure around the Dryden project area is already well-established, thereby easing the exploration and potential future development process.

“We have attracted some of the top names in the junior mining space...we just have a very strong group here.”

The company’s President, Maura Kolb, highlights the similarity of the deposit model at Dryden with other highly profitable gold mining camps: “Even when we met with Rob McEwen we just kind of compared the similarities to Red Lake, the crazy high grade...and showing that high-grade gold. All you think of is the high-grade zone in Red Lake.” The Dryden shear zone remains highly underexplored and could host further high-grade mineralized zones akin to discoveries in these tier-one jurisdictions.

Tier-One Investor Interest

The quality and potential scale of the exploration opportunity have attracted significant investor interest from influential mining-focused investment funds. Wasser reveals that “we have attracted some of the top names in the junior mining space” to participate in Dryden’s recent funding rounds. Backers include the likes of gold investor Eric Sprott, Adrian Day's Euro Pacific Gold Fund, Delbrook Capital, and noted resource investor Rob McEwen. Wasser adds, "We just have a very strong group here". Major gold producer Alamos Gold also owns a 9% stake in Dryden, reflecting further independent validation.

High-Grade

Dryden has already completed some initial exploratory drilling on its Dryden property while concurrently executing its go-public transaction and raising additional capital. “We were waiting on the geochemistry to wrap that all up and make some sense of it, so you'll see news flows soon with all the work we've done.” Despite tough market conditions, Dryden’s management team has moved aggressively to start testing high-priority drill targets and expects to have new assay results to release very soon. For 2024, Dryden has committed to spend over $2 million on further exploration drilling.

Focus on Expanding High-Grade Gold At Historic Gold Rock

The initial exploration work is focused on the historic Gold Rock area of the Dryden property that has seen past production by various miners. CEO Wasser notes that “We think we have the opportunity to turn that dial quickly” at Gold Rock. The area benefits from already having some drilling done by previous explorers that could potentially be used to estimate an initial inferred resource. However, Maura Kolb points out that Dryden’s priority is to grow the understanding of the high-grade mineralized structures before rushing to maiden resource estimates: “In this kind of deposit you don't want to rush to do it, you want to understand those geometries of those high-grade shoots."

The Gold Rock target area covers only a fraction of the full 20 kilometers of shear zone contained within Dryden’s land package. Wasser points out that “We also want to show that this area could get much much bigger” through additional exploration of untested target areas. However, Gold Rock will receive the lion’s share of drilling in 2024 as Dryden works to prove up and expand the exceptionally high gold grades found at this historic zone.

Favorable Gold Market Backdrop

With gold prices recovering back above $2,000 per ounce in 2023, Dryden Gold is well-positioned to attract attention if the exploration program intersects further exciting high-grade assay results. CEO Wasser sees strong fundamentals now falling into place for gold markets and notes that “Gold is still very under-owned”. Wasser believes "The fundamentals are starting to fall in place for gold to make a big move to new highs.” This improving environment for gold should provide tailwinds to high-quality junior explorers with catalyst-rich projects like Dryden unlocking substantial upside potential if exploration success can be demonstrated.

The Investment Thesis for Dryden Gold

• Consolidated strategic land package covering 20km shear zone in Dryden gold district hosting documented ultra high-grade gold mineralization
• Tier-one investor backing from proven mining investors sees sizable upside potential
• Exploration upside through systematic drilling of priority Gold Rock target where historic high grades offer resource upside
• Initial drilling and geological analysis confirms high-grade gold system with assays imminent
• Gold Rock alone covers just a fraction of the full 20km shear zone leaving substantial exploration upside
• Recent listing plus funded drill program through 2024 provides continuous newsflow
• Gold price rally supports growing investor appetite for high-grade gold exploration stories

Dryden Gold presents a compelling investment case as an overlooked exploration play systematically unlocking value across a district-scale gold project hosting exceptional grades. The company has moved aggressively to capitalize on the opportunity, delivering a steady stream of exploration progress reports. Early drilling success could propel considerable near-term upside in anticipation of defining an initial high-grade resource base. Dryden’s systematic exploration strategy supported by leading mining investors sets the stage for potential tier-one scale discoveries.