Ms. Maura Kolb reports

DRYDEN GOLD REPORTS NOTICE OF TOP-UP RIGHT FROM CENTERRA GOLD & HIGHLIGHTS 2026 EXPLORATION PLANS

Further to Dryden Gold Corp.'s investor rights agreement dated Dec. 17, 2024 (the Centerra IRA), between the company and Centerra Gold Inc., to retain its 9.99-per-cent interest in the company, Centerra has issued to the company notice of its intention to exercise its top-up right, subject to the approval of the TSX Venture Exchange, as it relates to certain share issuances completed by the company through Dec. 31, 2025. The share issuances were related to warrant and option exercises in 2025 (see press release dated Dec. 30, 2025).

A copy of the Centerra IRA is available on the company's SEDAR+ profile.

The company also announces a non-brokered private placement through the issuance of 2.35 million charity flow-through common shares (the CFT shares) at a price of 42.5 cents per CFT share for aggregate gross proceeds of $998,985. The CFT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Ontario-focused flow-through shares as defined in the Taxation Act 2007 (Ontario). No finders' fees were paid in connection with the offering.

An amount equal to the gross proceeds from the issuance of the CFT shares will be used to incur eligible resource exploration expenses which will qualify as (i) Canadian exploration expenses (as defined in the tax act), (ii) as flow-through mining expenditures (as defined in Subsection 127(9) of the tax act); and as eligible Ontario exploration expenditures within the meaning of the Ontario Tax Act. All qualifying expenditures will be renounced in favor of the subscribers for the CFT shares effective on or before Dec. 31, 2026.

Trey Wasser, chief executive officer of Dryden Gold, commented: "The proceeds from the offering and from the warrant and option exercises will be used to significantly expand Dryden Gold's 2026 exploration program on its district-scale property in Northwest Ontario. We will also be increasing our marketing efforts, focused on the strong U.S. investor base. I am very excited about the gold business and Dryden Gold in 2026."

The company's goals for 2026 were outlined in a press release dated Dec. 17, 2025. To summarize, these goals are:

• Continue to grow the Gold Rock target area testing strike length and hanging wall structures from Elora to Big Master;
• Test for periodicity or repetition on strike in the Gold Rock camp with follow-up drilling at the Mud Lake target area and a newly identified anomaly to the south;
• Drill-test the Hyndman regional discovery;
• Follow-up drilling at the Sherridon regional target and to continue the development of the deposit model;
• Interpret the property-wide soil-till program to identify new regional targets to add to the exploration pipeline.

These goals remain unchanged, but the intensity will certainly increase. Drilling for 2026 was estimated at 23,000 to 25,000 metres. The drill budget will be increased by 75 to 100 per cent. The budget for regional exploration and fieldwork will also be increased as the company endeavours to expand the district-scale potential of its 70,000-hectare land package.

About Dryden Gold Corp.

Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX Venture Exchange (DRY), on the OTCQB marketplace (DRYGF) and on the FSE: (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 a 100-per=-cent interest in a dominant strategic land position in the Dryden district of Northwestern Ontario. Dryden Gold's property package includes historic gold mines but has seen limited modern exploration. 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 nations communities and benefits from proximity to an experienced mining work force.

We seek Safe Harbor.