Dryden Gold - New High-Grade Gold Exploration Story in Canada's Next Major Gold Camp

• Dryden Gold Corp is a high-grade gold exploration company in Northwest Ontario
• The company has consolidated a large, underexplored property package with excellent infrastructure
• Initial drilling has identified multiple high-grade gold shoots with grades of 26.11 g/t gold over 3.16 m and 14 g/t over 7.2 meters on historic shoots
• Dryden Gold is well-funded with a strong shareholder base including Eric Sprott, Peter Schiff, and Delbrook Capital
• The company aims to define a significant high-grade gold deposit with potential to be part of a future mine

Dryden Gold Corp (TSXV:DRY, OTCQB:DRYGF) is an exciting new high-grade gold exploration story located in the underexplored Dryden Gold camp of Northwest Ontario. Led by an experienced management team and backed by a strong shareholder base, Dryden Gold has rapidly advanced its district-scale property package and generated compelling early exploration results. With a tight share structure, significant high-grade drill intercepts, and multiple avenues for discovery, Dryden Gold offers a compelling opportunity for investors looking for gold exploration upside.

Dryden Gold's Consolidated Property Package

Over the past two and a half years, Dryden Gold has methodically put together a district-scale land package spanning over 50 km of strike length in the Dryden Gold camp. The company's 60,000 hectare property has seen limited historical exploration despite the presence of high-grade gold mineralization.

CEO Trey Wasser explains, "We put a property package together that has high-grade gold over a 50 km footprint. The only other company really doing a lot of work in this camp is Treasury Metals, which has a lower-grade deposit of about 2 to 3 million ounces. What we're looking for is high-grade gold."

Dryden Gold's property benefits from excellent infrastructure, with the Trans-Canada Highway and power lines running through the claims. The town of Dryden is a well-established mining and forestry hub, providing a local workforce and services. Over 50 years of commercial logging has opened up the property with roads and cleared the overburden, enhancing access for exploration and potential development.

High-Grade Gold Discovery

Dryden Gold has hit the ground running with an aggressive exploration campaign aimed at testing the potential for a significant high-grade gold discovery. The company recently completed a 4,000 meter Phase 1 drill program focused on three key objectives: defining a broader mineralized footprint, understanding high-grade gold controls, and testing for new high-grade shoots.

The drill program delivered on all fronts, returning multiple spectacular high-grade intercepts:

• 26.11 g/t gold over 3.16 m, including 79.80 g/t gold over 0.33 m
• 20.93 g/t gold over 0.69 meters from 144 m down hole including 36.70 g/t gold over 0.39 m

As Maura Kolb, President of Dryden Gold emphasizes:

"The same hole that had that bonanza grade intercept of 53,000 g/t, we've gone back and we've drilled that high-grade shoot, and we've been able to hit more high grade in it. We stepped out on a parallel structure to test another previously known high-grade shoot and we hit 14 g/t over 7.2 meters. That's some sexy stuff - very exciting!"

These results confirm the presence of a large gold system with the potential to host multiple high-grade gold shoots. Drilling has already extended the known mineralization by 500 meters along strike and down to a depth of 200 meters. Importantly, mineralization remains open in all directions and at depth.

Dryden Gold is now planning the next phase of the drill campaign to aggressively grow the footprint of high-grade mineralization. With only a small fraction of the property systematically explored to date, the company is well-positioned for ongoing discovery.

Interview with President, Maura Kolb & CEO, Trey Wasser

New Brownfield & Greenfield Targets

Beyond the resource delineation drilling at the main project area, Dryden Gold is also advancing several promising brownfield and greenfield exploration targets:

Brownfield Targets: The company has identified over 20 kilometers of prospective strike length within and around the historical mining centers in the Dryden Gold camp. Grab samples and limited drilling have returned high-grade gold mineralization from multiple targets which remain largely untested.

Greenfield Targets: Dryden Gold has expanded its property package to capture several early-stage greenfield opportunities. Prospecting at the Hyndman target returned grab samples grading up to 10 g/t gold, confirming a new greenfield discovery that warrants follow-up exploration.

As Kolb adds, "We actually do something similar to the major mining companies - we have a resource pipeline where we've ranked and rated all our targets. We're always working on the ones that are closer to a resource, closer to development, but then we have to focus a little bit on those grassroots targets to keep moving them up the pipeline."

This systematic approach to exploration ensures a deep pipeline of projects to sustain ongoing exploration and discovery.

Exploration Upside

Several near-term catalysts could drive a re-rating of Dryden Gold as the company delivers on its exploration objectives:

• Re-Logging Program: Dryden Gold has identified over 20,000 meters of historical drill core that was only selectively sampled by previous operators. Re-logging and sampling this core could generate additional high-grade discoveries at minimal cost. There are similar precedents - at the Dixie project, re-logging of historical core directly led to the discovery of Great Bear's high-grade LP Fault zone.
• Expansion Drilling: Aggressive step-out drilling will remain a key focus for Dryden Gold as the company aims to grow the footprint of high-grade mineralization both along strike and at depth. With mineralization open in all directions, there is excellent potential for the discovery of new high-grade gold shoots.
• New Anomalies and Targets: Ongoing field work and geophysical surveys continue to generate new high-grade prospects across Dryden Gold's extensive land package. Systematic testing of these early-stage targets should lead to additional discoveries over time.

Strong Shareholder Base

Dryden Gold benefits from the backing of several prominent resource investors, including:

• Eric Sprott: Participated in Dryden Gold's go-public round as a strategic investor
• Peter Schiff / Euro Pacific: Cornerstone shareholder through the Euro Pacific Gold Fund
• Delbrook Capital: Participated in a recent charity flow-through financing

As Wasser explains, "We've been funded privately by Eric Sprott, Adrian Day, and several other Bay Street funds and bankers, so we have quite a great investor list. And when we went public, we added the Euro Pacific Gold Fund and Delbrook Capital as major shareholders, so you can see we're well supported."

With approximately C$3 million in working capital, Dryden Gold is well funded to complete its next phase of exploration. The company also has a tight share structure with ~50 million shares outstanding and ~70 million fully diluted.

The management team owns ~20% of the outstanding shares, closely aligning their interests with those of investors.

Conclusion

Dryden Gold presents a attractive opportunity for gold exploration upside in a Tier 1 jurisdiction. With a large, consolidated land package in an underexplored district, a growing high-grade discovery, and a deep pipeline of targets, Dryden Gold is well positioned to deliver ongoing news flow as it systematically advances its projects. A strong management team, tight share structure, and supportive shareholder base should allow the company to continue executing its aggressive exploration plans. Dryden Gold is poised to be the next exploration success story in Canada's next major gold camp.

The Investment Thesis for Dryden Gold

• Extensive, consolidated land package of over 60,000 hectares in an underexplored gold camp
• High-grade gold discovery with walk-up drill targets and resource potential
• Excellent infrastructure, including Trans-Canada Highway, power, road access
• Tight share structure with only ~50 million shares outstanding
• Attractive valuation with a market capitalization of ~C$30 million
• Strong shareholder base including Eric Sprott, Peter Schiff, Delbrook Capital
• Experienced management team and board with a track record of value creation
• Aggressive exploration campaign with potential for multiple near-term catalysts

Dryden Gold Corp is well positioned to become a standout exploration story in a resurgent Canadian gold market. With a growing high-grade discovery, a deep pipeline of targets, and an aggressive exploration campaign underway, Dryden Gold offers outstanding upside potential for gold-focused investors. The company's experienced management team, strong financial backing, and tight share structure provide a solid foundation for ongoing growth and value creation. As Dryden Gold continues to systematically advance and derisk its projects, the company is poised to follow in the footsteps of recent exploration successes like Great Bear Resources and New Found Gold. Investors looking for gold exploration upside should strongly consider establishing a position at current levels.

Macro Thematic Analysis

The gold market remains in a long-term uptrend, driven by persistent inflationary pressures, negative real interest rates, and growing geopolitical uncertainty. Despite recent volatility, the fundamental backdrop for gold is increasingly bullish, with many analysts forecasting prices to exceed US$2,000 per ounce in the coming years.

In this environment, high-quality gold exploration and development projects in Tier 1 jurisdictions should attract significant investor interest. Canada is a world-class mining jurisdiction and home to some of the most prospective gold districts globally. The Canadian gold space has seen a resurgence in recent years, driven by a new generation of gold discoveries in Ontario, Quebec, and Newfoundland.

Standout exploration successes like Great Bear Resources have delivered spectacular returns to early shareholders and reignited investor interest in Canadian gold explorers. These companies started as small-scale exploration plays and rapidly grew to command billion dollar valuations on the back of world-class gold discoveries. Investors are now on the hunt for the next major gold discovery in Canada.

Dryden Gold Corp is attractively positioned to capitalize on renewed interest in the Canadian gold space. With a dominant land position in an underexplored gold camp, a rapidly growing high-grade discovery, and multiple discovery opportunities, Dryden offers an attractive risk-reward proposition for gold exploration upside. As the company delivers drill results and grows its resource base, investors could see substantial returns.

As CEO Trey Wasser notes, "We've put together the best property package that a junior could have - now we just have to prove that to the market. We aren't in a huge hurry - we're doing things right and setting ourselves up to be a part of a future mining success story in this camp."