Dryden Gold Corp. has intersected visible gold in the third hole of its initial drill program at the Mud Lake North target, located approximately three kilometres north of Gold Rock in Northwestern Ontario.

The first two holes of the campaign intersected broad zones of alteration and significant sulphide mineralization, while the third hole encountered similar alteration alongside visible gold hosted in a quartz-filled fracture. Assay results for all three completed drill holes are currently pending.

Drilling remains active at Mud Lake, with approximately 2,000 metres planned to test down-plunge and along strike. The current field work forms part of a fully funded 45,000-metre drill program, which marks a substantial expansion from the company’s previous 15,000-metre drill campaign.

The latest drilling follows portfolio growth in the area. In August 2026, Dryden Gold closed the initial tranche of its option agreement to acquire a 100% interest in the Lost Lake Property within the historic Gold Rock Mining Camp.

“The discovery of visible gold at Mud Lake North is very exciting and provides strong initial support for our 'String of Pearls' theory + similar to the active mines in the Red Lake District. We believe the Manitou-Dinorwic deformation zone has the potential to host multiple gold deposits along strike. Seeing visible gold in these drill holes is an encouraging early indicator that our geological model may be correct and strengthens our confidence in the potential for additional discoveries across the Gold Rock Camp.”

— Trey Wasser, CEO

Maura Kolb, President and Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in the company's announcement.

Read the full announcement: Dryden Gold Reports Visible Gold in its First Drill Program at Mud Lake North