29.55 g/t Gold Hit Near Surface as Drill Program Expands to 45,000 Meters

1. Dryden Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Dryden Gold Corp.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee. 
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1 Disclosure for the quote from the John Newell article published on February 25, 2026.

1. For the quoted article, February 25, 2026, Dryden Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$2,050.
2. Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

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2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Dryden Gold Corp. (DRY:TSXV; DRYGF:OTCQX; X7W:FSE) reported additional drill results from the Big Master Gold System at its Gold Rock project, including new intercepts from the Sparrow target and expansion drilling at the Treasure and Barrelman zones.

According to the company, two drill holes tested near-surface mineralization above the recent Sparrow discovery, while a third hole intersected mineralization at Barrelman on BM1 and Treasure on BM2, extending those zones at depth. The company stated that a second drill rig has been contracted and is scheduled for deployment on July 1, and that its 2026 drill program has been expanded to 45,000 meters.

Among the reported results, hole DGR-051 returned 3.24 grams per tonne (g/t) gold over 14.77 meters, including 29.55 g/t gold over 1.35 meters at the Sparrow target, approximately 88.00 meters from surface. Hole DGR-052 returned 1.02 g/t gold over 13.50 meters, including 8.88 g/t gold over 1.00 meter at Sparrow, approximately 125.00 meters from surface. Hole DGR-057 intersected mineralization at both the Treasure and Barrelman zones.

Additional results from DGR-057 included 0.68 g/t gold over 10.00 meters at Treasure and 1.20 g/t gold over 4.35 meters at Barrelman, including 8.85 g/t gold over 0.50 meter.

Trey Wasser, Dryden Gold's CEO, stated in the announcement, "The geology team continues to deliver both high-grade results and wide lower grade intercepts, near-surface, across the 1 square kilometer footprint at Gold Rock."

Wasser added, "With the closing of the recent financing, the company has increased the drill program to 45,000 meters with a primary goal of more fully defining the gold mineralization at Gold Rock."

The company stated that the technical disclosure in the news release was reviewed and approved by Maura Kolb, M.Sc., P.Geo., President of Dryden Gold and a Qualified Person as defined by National Instrument 43-101.

Dryden Gold also announced a correction to its May 15, 2026, news release regarding finder fees associated with its flow-through share private placement. The company stated that aggregate finders' fees totaled US$412,012.47 rather than US$291,028.46 as previously disclosed.

Gold's Expanding Role in Global Reserves Draws Continued Attention

Gold remained a focus of global reserve management discussions as central banks continued to hold substantial bullion reserves and prices stayed near record levels. According to the June 2 edition of Rocks Daily by Red Cloud Securities, central banks held more than 36,000 tonnes of gold, with total reserves approaching levels last seen during the Bretton Woods era. The publication reported that gold had surpassed U.S. Treasuries as the world's second-largest reserve asset, reflecting efforts by many countries to diversify reserve holdings.

The trend was also highlighted in a June 2 report by the Telegraph, which cited findings from the European Central Bank. According to the report, gold accounted for 27% of central bank foreign reserve holdings in 2025, exceeding the 22% share held in U.S. Treasuries. The European Central Bank reported that central banks continued to view gold as a balance-sheet asset amid geopolitical uncertainty. The report noted that 70% of central banks surveyed in April identified geopolitics as the most significant risk they faced during the year. While annual central bank purchases declined to 850 tonnes in 2025 from more than 1,000 tonnes in each of the previous three years, the report stated that higher gold prices contributed to the metal's growing share of global reserve holdings.

Market commentators also discussed recent developments in precious metals markets. In a June 2 commentary, Stewart Thomson described gold as entering a consolidation phase after what he characterized as strong performance against fiat currencies during 2024 and 2025. Thomson wrote that "Gold price consolidations are healthy," adding that periods of sideways trading can shift attention away from short-term price movements and toward gold's broader monetary role. He also stated that "Professional gold and silver bugs are focused less on what's next for the price, and instead on getting more metal."

Thomson further addressed sentiment in the mining sector, writing that "Gold and silver miners seem ready to again showcase their greatness, with a fresh move to the high end of their range!" He noted that mining-focused exchange-traded funds and their underlying holdings continued to provide investors with exposure to the precious metals sector. Together, the reports underscored ongoing central bank interest in gold, evolving reserve allocation trends, and continued attention on precious metals markets.

According to a June 3 report from Kitco, gold and silver prices declined as rising crude oil prices, higher U.S. Treasury yields, and renewed military conflict between the United States and Iran weighed on precious metals markets. Spot gold traded near US$4,432.60 per ounce, down 1.24% on the session, while spot silver traded near US$72.76 per ounce, down 3.17%. The report noted that oil prices extended gains for a third consecutive session, with WTI crude settling at US$96.02 per barrel and Brent crude at US$97.81, amid concerns about disruptions to shipping through the Strait of Hormuz.

Kitco reported that geopolitical tensions continued to support defensive demand for gold, but that higher energy prices, a stronger U.S. dollar, and rising Treasury yields created pressure on non-yielding assets. The publication also noted that U.S. equity markets moved lower as investors responded to rising energy costs, higher yields, and increased uncertainty tied to developments in the Middle East.

Analysts and Newsletter Writers Highlighted Drilling Results, Financing Activity and Exploration Strategy

¹In a February 25 technical commentary, John Newell of John Newell & Associates reviewed the company's position within the gold exploration sector and cited both operational and market factors. Newell wrote that "with institutional backing, experienced Red Lake leadership, and a technical structure that remains constructive, Dryden offers speculative investors leveraged exposure to what could be an emerging high-grade gold district at a time when precious metals are strengthening." He also stated that "we continue to view the shares as a Speculative Buy, recognizing both the upside potential and the inherent risks associated with junior exploration companies."

Newell also discussed the company's trading performance, noting that "since the initial breakout in May 2025, Dryden Gold achieved its first two technical targets at CA$0.32 and CA$0.40." He added that "the third target at CA$0.46 has now also been met, confirming that the broader uptrend remains intact."

On April 2, Chen Lin, publisher of the "What is Chen Buying? What is Chen Selling?" newsletter, commented on recent drill results from the Sparrow target. Lin wrote that Dryden Gold had "released excellent drilling results. 4.25 meters grading 32.87 g/t gold, including 0.50 meters of 252.00 g/t gold on BM1 at 160 meters below surface at Sparrow." He added, "Unfortunately, nobody pays attention to this kind of day, but it is a very exciting result."

On May 12, Jeff Valks of the GoldAdvisor.com highlighted additional drilling activity at Gold Rock, writing that Dryden Gold had delivered "another batch of high-grade results from Jubilee" and was "now adding a second drill rig at Gold Rock." He stated that "this is not just another assay table," adding that "Dryden says its new 3D geological model is giving the team more confidence in where the high-grade zones plunge at depth."

Valks also outlined the company's planned drilling approach, writing that "the summer plan is tidy," with one drill rig testing "deeper down-plunge targets in roughly 100-meter step-outs" while a second rig focused on "shallower targets along strike." He further stated that "the Dryden story is getting sharper and more detailed: better model, more targets, second rig, and high-grade zones now being chased with more purpose." Valks concluded, "That is how a district starts to earn attention." He disclosed that he held a long position in the company, while Clark maintained an overweight position and indicated no plans of selling.

Expanded Drilling and Regional Exploration Activities

Dryden Gold stated that it is implementing a two-drill strategy at Gold Rock. According to the company, one drill rig will focus on testing the Gold Rock footprint for additional near-surface high-grade zones, while the second rig will target expansion of known high-grade zones at depth.

The company stated that, upon receipt of the required permits, the second rig will move to Mud Lake to test mineralization periodicity and regional folding at the deposit scale. Dryden Gold also reported that a targeting program will be developed at Hyndman following integration of summer field work. The company stated that Hyndman is located within a 12-kilometer by 2.5-kilometer gold anomaly corridor defined by gold-in-till results and that drilling there is anticipated this fall.

Maura Kolb, Dryden Gold's President, commented, "There are several compelling reasons for adopting a two-drill strategy at Gold Rock. First, we have a high degree of confidence in the new geological model and want to accelerate its evaluation through a more aggressive drilling program."

Kolb added, "Evaluating deeper targets is a priority, and with two drill rigs we can efficiently advance both objectives, focusing on resource growth."

The company reported that permits for Mud Lake have been submitted and drill targets finalized. Mapping and sampling crews are being deployed at Hyndman to evaluate the newly identified 12-kilometer anomaly corridor and develop targets for a fall drill program.

According to the company's June 2026 investor presentation, Dryden Gold has allocated a funded 2026 exploration budget of CA$17.5 million and plans approximately 45,000 meters of drilling during the year. The presentation outlines expenditures directed toward Gold Rock footprint expansion and down-plunge drilling, the addition of a second drill rig, Mud Lake drilling, and regional drilling activities at Hyndman and Sherridon. 

The presentation also states that 2026 activities include accelerating drilling at Gold Rock, planning and permitting new exploration targets, conducting till substrate sampling on new ground, mapping and prospecting priority target areas, and follow-up work at the Hyndman granodiorite-hosted target.

Ownership & Share Structure²

Dryden Gold Corp. has a market cap of CA$72.91 million, with 243 million shares outstanding. The company's 52-week range is CA$0.19-CA$0.48.

Management and Insiders own 4.88% of company shares, while Strategic Investors own 53.66%. The remaining 41.46% of shares are Retail.