Vancouver, British Columbia — January 8, 2026 — Leads & Copy — Dryden Gold Corp. has announced that Centerra Gold Inc. intends to exercise its ‘top-up right’ to retain its 9.99% interest in Dryden Gold. This is subject to the approval of the TSX Venture Exchange and relates to certain share issuances completed by Dryden Gold through December 31, 2025.
The share issuances were related to warrant and option exercises in 2025. Details can be found in a press release dated December 30, 2025. The Centerra IRA, dated December 17, 2024, is available on the Company’s SEDAR+ profile.
Dryden Gold also announced a non-brokered private placement (the “Offering”) through the issuance of 2,350,000 charity flow-through common shares (the “CFT Shares”) at a price of $0.425 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. These expenses 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 (“Qualifying Expenditures”). All Qualifying Expenditures will be renounced in favor of the subscribers for the CFT Shares effective on or before December 31, 2026.
Trey Wasser, CEO of Dryden Gold, stated that 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. The company will also be increasing its marketing efforts, focused on the strong US investor base. Wasser added that he is very excited about the gold business and Dryden Gold in 2026.
Dryden Gold’s goals for 2026, outlined in a press release dated December 17, 2025, and a video, include:
- 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 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 increase. Drilling for 2026 was estimated at 23-25,000 meters, and the drill budget will be increased by 75-100%. The budget for regional exploration and field work will also be increased as the Company endeavors to expand the district-scale potential of its 70,000-hectare land package.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Dryden Gold Corp. is focused on the discovery of high-grade gold mineralization. The company is listed on the TSX Venture Exchange (“DRY”), on the OTCQB marketplace (“DRYGF”) and on the FSE: (“X7W “). Dryden Gold controls a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario. The property package includes historic gold mines but has seen limited modern exploration. The property hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-Dinorwic deformation zone.
Trey Wasser, CEO Email: twasser@drydengold.com Phone: 940-368-8337
Source: Dryden Gold Corp.
