Dryden Gold Closes Option Agreement for Lost Lake Property
Dryden Gold Corp. (TSX-V: DRY) (OTCQX: DRYGF) (FSE: X7W) announces that, further to its news releases dated July 6, 2026 and August 12, 2026, the TSX Venture Exchange has approved for filing the Company’s option agreement with Orebot Inc. an arm’s length party, dated June 29, 2026, to acquire a 100% interest in the Lost Lake Property, comprised of 122 tenured mineral claims located in the Gold Rock Mining Camp in Northwestern Ontario.
Following receipt of approval, the Company has closed the initial tranche of consideration pursuant to which the Company has made a cash payment of $10,000 to Orebot and issued 25,000 common shares of the Company at a deemed price of $0.21 per share The Initial Consideration Shares are subject to a hold period expiring four months and one day from the date of issuance.
Pursuant to the Agreement, the Company may earn its full 100% interest in the Property by making the following additional payments to Orebot:
(a) on or before the first anniversary of the effective date of the Agreement, a cash payment of $40,000 and the issuance of 50,000 common shares; and
(b) on or before the second anniversary of the effective date of the Agreement, a cash payment of $50,000 and the issuance of an aggregate of 50,000 common shares.
Following the Option Exercise, the Company will grant Orebot a net smelter returns royalty of 3% on the Property, payable after commencement of Commercial Production. The Company will have the right, at its sole option and at any time, to acquire one-half of the NSR from Orebot for a cash payment of $1,000,000. There are no other outstanding royalties on the Property.
ABOUT DRYDEN GOLD CORP.
Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSXV and traded on the OTCQX and FSE. The Company has a strong management team and Board of Directors comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls 100% interest in mining claims in a dominant strategic land position in the Dryden District of Northwestern Ontario. The property hosts high-grade gold mineralization over 50km 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 workforce. Dryden Gold is committed to building respectful, collaborative relationships with Indigenous Nations and communities throughout our area of operations. We recognize the importance of ongoing dialogue, mutual understanding, and meaningful engagement as we advance our exploration activities.
