Follow-Up Drilling Delivers Broad Near-Surface Gold Interval

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1. Disclosure for the quote from the John Newell article published on December 22, 2025

1. For the quoted article (published on December 22, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, between US$2,000.
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.

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:OTCQB; X7W:FSE) has released new assay results from second-pass drilling at its Sherridon gold discovery, including a broad interval of near-surface mineralization from hole DSH-25-004. That hole returned 1.10 g/t gold over 15.50 meters, with a higher-grade interval of 25.20 g/t gold over 0.50 meters. Drilled 150 meters east of DSH-25-001 — previously reported on October 14, 2025 — this intercept expands the mineralized zone to the east.

The 2026 follow-up program included three step-out drillholes. DSH-25-004 was collared 150 meters east of the initial intercept, DSH-25-005 targeted an area 300 meters to the southeast, and a third hole was drilled nearly one kilometer west-northwest to test a strong magnetic anomaly and assess the broader regional potential of the shear zone.

According to a company news release, preliminary multi-element geochemistry from the 2025 program points to a unique fluid signature for Sherridon's gold mineralization — one that is geochemically and mineralogically distinct from nearby systems such as Gold Rock. A 1,226-sample till substrate survey conducted in 2025, combined with drillhole geochemistry and 3-D geophysical inversion studies, is now guiding the next phase of exploration. Early interpretation suggests the mineralization may be intrusion-related, offering potential to vector toward the core source in upcoming work.

Maura Kolb, President of Dryden Gold, commented in the release: "The mineralization at Sherridon is very different from anything we have encountered in the Dryden Gold District. From our initial logging, the geology team noticed different textures and fabrics to the mineralized zones. Initial geochemistry from the 2025 drill program is supporting a very different deposit model. Our team believes that what we have encountered, to date, on the Sherridon Property, represents alteration and halo mineralization to a much larger system. The newly received till substrate results and ongoing 3-D geophysical inversion studies will be used to target the source or the major trap for mineralization at Sherridon. Mapping and Prospecting this summer will focus on outlining the true potential at Sherridon."

Gold Sector Trends and Geopolitical Drivers

In a January 20 report from GOLDINVEST, gold prices briefly exceeded US$4,700 per ounce amid heightened geopolitical tensions and trade uncertainty. The report linked investor demand for gold to increased reliance on hedging tools, calling the metal a classic "safe haven."

The publication stated that the price surge reflected a solidifying risk premium and referenced the World Economic Forum's Global Risks Report 2026, which identified "geo-economic confrontation" as the year's top concern among global leaders.

John Newell of John Newell & Associates rated the stock a "Speculative Buy" at CA$0.34.

Also on January 20, Stewart Thomson wrote that gold remains a counterbalance to fiat currency instability and debt-driven policy frameworks. He described gold as the currency of "citizen kings," asserting that demand is supported by growing distrust in global governments and financial institutions. "The fundamentals in favour of gold are 'through the roof'," Thomson wrote, citing central bank accumulation and global unrest as key factors.

On January 21, GoldFix reported that Poland's central bank approved the purchase of up to 150 tons of gold, a move that would increase its total reserves to 700 tons and position the country among the top ten global gold holders. "This will place Poland among the elite 10 countries with the largest gold reserves in the world," the central bank stated. The report noted that this decision reflected a broader shift in sovereign reserve strategy amid increasing geopolitical and financial fragmentation.

Third-Party Analysts Cite Strong Results, District Potential, and Strategic Momentum

On December 1, Couloir Capital reported that the company's initial three-hole program at the Mud Lake target returned encouraging early results, including "a vein intercept of 43.1 g/t gold over 0.5 meters" and surface samples grading "up to 93 g/t gold" from a high-grade shear zone.

In a December 11 note, Brien Lundin of Gold Newsletter said the company's 2025 exploration program had met its goals. "Taken together — Mud Lake, Elora, Big Master and the early wins at Sherridon and Hyndman — Dryden Gold Corp.'s 2025 program has delivered on its stated exploration goals," he wrote. Lundin added the company was "now positioned to drill aggressively in 2026 with a fully funded program aimed at expanding both scale and continuity across the Gold Rock camp."

On December 18, Jeff Clark of The Gold Advisor noted that drilling had "tripled the size of the core Gold Rock Zone," extending strike, confirming stacked zones, and reinforcing geological parallels with the Red Lake district. He highlighted emerging scale at Sherridon and Hyndman and said confirmation of "periodicity" could suggest multiple Gold Rock-style deposits. Clark concluded he was "overweight, Dryden."

¹On December 22, John Newell of John Newell & Associates called the company a district-scale opportunity, writing that it was "uncovering stacked high-grade gold zones across a commanding land position in northwestern Ontario." Referencing 301.67 g/t gold over 3.90 meters and historic intercepts of 3,497 g/t over 8.5 meters, he rated the stock a "Speculative Buy" at CA$0.34.

In his January 8 letter, Chen Lin of What is Chen Buying? What is Chen Selling? said "DRY.v announced continued CGAU support and is doing a financing," calling it "a good entry point if you are bullish on the sector and want to get involved." He also confirmed the company would present at his upcoming panel.

Expanded Drill Program and Targeting of Regional Discoveries Set the Stage for 2026

According to Dryden Gold's January 2026 corporate presentation, the company has expanded its drill program for the year from 23,000 meters to a minimum of 32,000 meters. The CA$11 million exploration budget is supported by recent warrant exercises and a top-up investment from Centerra Gold, and will fund drilling at Gold Rock, Sherridon, and Hyndman.

The 2026 campaign continues to prioritize growth of high-grade gold zones at Gold Rock, while targeting new discoveries across the district. Drilling remains active at the Pearl Zone, part of the Elora Gold System, with results pending. At Hyndman, drilling is following up on 2025 channel samples that returned 23.32 g/t gold over 2.80 meters.

At Sherridon, geophysics and soil-till surveys are helping refine targets. Both Sherridon and Hyndman are fully permitted for further drilling. As part of the broader regional push, the company also plans to revisit its property-wide till database to identify new targets. 

Ownership and Share Structure²

According to the company, contingent on post private placement, management and insiders own 5.45%, while strategic entities hold 50.25% of the shares. 

Centerra Gold Inc. (CG:TSX; CADGF:OTCPK) holds 9.90%, Alamos Gold Inc. (AGI:TSX; AGI:NYSE) owns 10.57%, Delbrook Capital Advisors has 10.82%, and Euro Pacific Asset Management LLC owns 5.68%. There are currently 218 million shares outstanding. 

The company's market capitalization is CA$74.6 million, and it trades in a 52-week range of CA$0.395 to CA$0.105.