15:34:45 EDT Mon 06 Jul 2026
Enter Symbol
or Name
USA
CA



Dryden Gold Corp
Symbol DRY
Shares Issued 243,033,995
Close 2026-07-03 C$ 0.28
Market Cap C$ 68,049,519
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Dryden Gold signs option for Lost Lake property

2026-07-06 13:46 ET - News Release

Mr. Trey Wasser reports

DRYDEN GOLD ACQUIRES ADDITIONAL PROPERTY IN THE GOLD ROCK CAMP

Dryden Gold Corp. has entered into an option agreement to acquire 100-per-cent ownership of 123 tenured mineral claims known as the Lost Lake property from Orebot Inc., an arm's-length party. Lost Lake is strategically located in the historic Gold Rock mining camp and is surrounded by the company's existing claims. Gold mineralization in the Upper Manitou area is in brittle-ductile deformation zones related to the Manitou-Dinorwic deformation zone and hosts secondary splays, altered deformation zones and altered QFP (quartz-feldspar porphyry) intrusive bodies, which are prime gold exploration targets in this orogenic gold system. Orebot has completed quaternary mapping, bulk till sampling and heavy metal processing for gold grains. A 2.4-kilometre-long gold-grain-in-till anomaly that corresponds with a regional gold-in-till geochemical anomaly has been identified at Lost Lake. The agreement is subject to approval of the TSX Venture Exchange

The option agreement

Under the terms of the agreement to earn a 100-per-cent interest in the property, Dryden Gold will make cash payments and issue 125,000 common shares of Dryden Gold as follows after approval of the TSX-V:

  1. In connection with signing the agreement, cash payment of $10,000 plus the issuance and delivery of 25,000 consideration shares;
  2. On or before the first anniversary of the effective date of the agreement, cash payment of $40,000 plus the issuance and delivery of 50,000 consideration shares;
  3. On or before the second anniversary of the effective date of the agreement, cash payment of $50,000 plus the issuance and delivery of an aggregate of 50,000 consideration shares.

The consideration shares are being issued in accordance with an exemption from prospectus requirements under applicable security legislation and will be subject to a hold period of four months and one day.

Grant of net smelter return royalty

Following the option exercise, Dryden Gold will grant to Orebot an NSR royalty, with the following terms:

  • The NSR royalty shall be an aggregate of three 3 per cent after commencement of commercial production.
  • Dryden Gold shall have the right, at its sole option at any time, to acquire from Orebot one-half of the NSR of 3 per cent by making a cash payment of an aggregate sum of $1-million.

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

About Dryden Gold Corp.

Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX-V (symbol: DRY) and traded on the OTCQX (symbol: DRYGF) and Frankfurt Stock Exchange (symbol: 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 100-per-cent interest in mining claims in a dominant strategic land position in the Dryden district of Northwestern Ontario. 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 nation communities and benefits from proximity to an experienced mining work force. Dryden Gold is committed to building respectful, collaborative relationships with indigenous nations and communities throughout the company's area of operations. Dryden Gold recognizes the importance of continuing dialogue, mutual understanding and meaningful engagement as the company advances its exploration activities.

We seek Safe Harbor.

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