Dryden Gold Launches $5.8M Drill Campaign Following Strategic Investment

• Dryden Gold is exploring for high-grade gold in Northwestern Ontario with a $5.8M budget for 2025
• Recent drill results include 6g/t Au over 12m; new regional targets have yielded up to 34g/t Au and 617g/t Au surface samples
• Systematic exploration approach modeled after majors; targeting shear zones and structural intersections similar to Red Lake
• Centerra Gold invested $3.38M in December 2024, wants to see regional exploration and work on brownfields opportunities
• Drilling to resume Feb 10 to expand and step out on Elora zone to depth and along strike; regional targets to be drill tested in 2025

Dryden Gold is a high-grade gold exploration company operating in a premier mining jurisdiction of Ontario, Canada. With strong financial backing, and a portfolio of highly prospective targets, Dryden is well positioned to unlock significant value through the drill bit in 2025 and beyond.

Dryden is led by an experienced team with a proven track record of exploration success and value creation. As President Maura Kolb explains,

"We have laid out a pipeline of exploration targets that we rated and ranked so that we have them based on grade – grade is always King so that's at the forefront when we rating."

This disciplined methodology has already yielded impressive results and bodes well for ongoing success.

High-Grade Potential in a World-Class Gold District

Dryden's flagship Gold Rock project is located in the heart of Northwestern Ontario, home to numerous multi-million ounce, high-grade gold deposits. Early exploration has confirmed the presence of significant high-grade gold mineralization, with recent drill results including 6 g/t Au over 12 meters at the Elora zone.

Importantly, the gold occurs within shear zones rather than narrow veins. As Maura Kolb notes:

"The mineralization is in a shear zone so it's different than what people expected to see in an Archean system... the rock itself is all sheared which just means it's been deformed and it has gold disseminated throughout."

This provides potential for greater continuity and size than typical vein-hosted mineralization.

Dryden's geological team sees clear similarities between the Gold Rock camp and the world-class Red Lake district. Key ingredients include major gold-bearing shear zones and the intersection of multiple generations of structures that create ideal traps for high-grade gold mineralization. With the right host rocks also in place, Gold Rock has all the makings of a significant new gold discovery.

Well-Funded to Execute with a $5.8M Budget

In a difficult market for many junior explorers, Dryden has secured the capital to aggressively advance its projects. Anchored by a recent $3.38 million strategic investment from Centerra Gold, Dryden is fully funded for its $5.8 million 2025 exploration program.

Centerra Gold was attracted to Dryden's disciplined, systematic approach and the potential to make a major new gold discovery. Their investment comes with a mandate to pursue regional exploration and advance key brownfields opportunities – a strong vote of confidence in the potential of Dryden's district-scale land package.

Interview with President, Maura Kolb

Elora Zone Shaping Up As Potential Game-Changer

Drilling is set to resume by February 10th with a focus on stepping out and expanding the high-grade Elora zone. Elora has already delivered some of Dryden's best results to date, including 6 g/t Au over 12 meters.

Upcoming drilling will test the depth extent and potential plunge controls of the zone, which management believes could continue well beyond the current 250 meter depth. Step-out drilling will also test extensions of Elora to the northeast, towards the past-producing 14 g/t Au gold mine located about 1 kilometer along trend.

With its combination of high grades, scope for continuity, and exploration upside, Elora has the potential to be a true game-changer for Dryden. Positive drill results here could be a major catalyst in 2025.

Multiple Shots on Goal with Regional Pipeline

Beyond Elora, Dryden has assembled a pipeline of high-potential regional exploration targets, several of which have already generated eye-catching early stage results. High-grade gold values of up to 34 g/t and 617 g/t have been returned from surface sampling at the Hyndman & Sherridon targets respectively.

These targets have been systematically prioritized based on criteria such as grade potential, size potential, ease of exploration, and social license. Approximately 36% of the 2025 budget has been earmarked to drill test the highest priority regional targets later in the year, giving Dryden multiple shots on goal to make a significant new discovery.

The Investment Thesis for Dryden Gold

• High-grade gold potential in a world-class mining jurisdiction with similarities to Red Lake
• Fully funded for aggressive $5.8M 2025 exploration program anchored by strategic Centerra Gold
• Elora zone emerging as potential game-changer with upcoming expansion drilling
• Pipeline of high-potential regional targets provide multiple shots on goal
• Proven management team with track record of exploration success
• Well positioned to continue accessing capital in a challenging market
• Steady newsflow from drilling in 2025 could provide ample catalysts for share price appreciation

Macro Thematic Analysis

The investment thesis for Dryden Gold is underpinned by several key macro themes in the gold sector. Despite a challenging market for junior explorers in recent years, the long-term fundamentals for gold remain compelling. Unprecedented global monetary and fiscal stimulus in the wake of the COVID-19 pandemic has investors increasingly turning to gold as a hedge against potential inflation and currency debasement.

At the same time, global gold production is forecast to decline in the coming years as aging mines are depleted and new discoveries become ever more elusive. As Maura Kolb notes in the interview:

"We don't have that many more places to explore and find new gold deposits and we are running out of them – the major mid-tier companies need more feed for their longevity."

This dynamic of rising demand and constrained supply bodes well for the price of gold and for companies like Dryden that are well positioned to make new, high-grade discoveries:

"It's pretty exciting to be front and center of a lot of these major mid-tier companies – they're paying attention to us. We have to do this, we have to make new discoveries."