Dryden Gold Makes Final Payments and Exercises Tremblay Option Agreement

Core Viewpoint - Dryden Gold Corp. has successfully fulfilled its expenditure obligations under the Option Agreement and will make its final payment to acquire a 100% interest in the Tremblay Property, enhancing its strategic land position in Northwestern Ontario [1][3]. Financial Summary - The total cash paid to the Optionors under the Option Agreement amounts to $212,500, with an additional final payment of $62,500 in cash and 514,685 common shares at a deemed price of $0.3643 per share [2]. - The total firm work commitments completed on the Tremblay Property reached $1,200,000, solidifying the company's ownership [3]. Shareholder Impact - Prior to the final share issuance, the Optionors held 1,080,000 common shares, which will increase to 1,594,885 shares post-issuance, representing less than 1% of the outstanding shares of the company [4]. - The final share issuance is subject to TSX Venture Exchange approval and will have a hold period of four months and one day from the date of issuance [2]. Stock Options - The company has granted 2,900,000 incentive stock options to management, board members, employees, and consultants, exercisable at $0.40 per share for a period of 10 years, with a vesting schedule of 20% on the grant date and 20% every six months thereafter for management [5]. Company Overview - Dryden Gold Corp. is focused on discovering high-grade gold mineralization and controls a strategic land position in the Dryden District of Northwestern Ontario, which includes historic gold mines with limited modern exploration [7]. - The property hosts high-grade gold mineralization over a potential strike length of 50 km along the Manitou-Dinorwic deformation zone and benefits from strong infrastructure and relationships with First Nations communities [7].