Dryden Gold Reports Notice of Top-Up Right from Centerra Gold & Highlights 2026 Exploration Plans
Dryden Gold Reports Notice of Top-Up Right
from Centerra Gold & Highlights 2026
Exploration Plans
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2026) -
Dryden Gold Corp. (TSXV: DRY)
(OTCQB: DRYGF)
("
Dryden Gold
" or the "
Company
") announces that, further to the investor rights
agreement dated December 17, 2024, (the "
Centerra IRA
") between the Company and Centerra Gold
Inc.
(TSX: CG) (NYSE: CGAU)
("
Centerra
"), to retain its 9.99% interest in the Company, Centerra has
issued to the Company notice of their intention to exercise their 'top-up right', subject to the approval of
the TSX Venture Exchange, as it relates to certain share issuances completed by the Company through
December 31, 2025. The share issuances were related to warrant and option exercises in 2025 (
see
press release dated December 30, 2025
).
A copy of the Centerra IRA is available on the Company's SEDAR+ profile.
The Company also announces 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) (the "
Tax Act
") and "Ontario
focused flow-through shares" as defined in the
Taxation Act, 2007
(Ontario) ("
Ontario Tax Act
"). 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 which 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 commented, "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. We will also be increasing our marketing efforts, focused on
the strong US investor base. I am very excited about the gold business and Dryden Gold in 2026."
The Company's goals for 2026 were outlined in a
press release
dated December 17, 2025 and our
video
here
. To summarize, these goals are:
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 to 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 certainly increase. Drilling for 2026 was estimated
at 23-25,000 meters. 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
ABOUT DRYDEN GOLD CORP.
Dryden Gold Corp. is an exploration company focused on the discovery of high-grade gold
mineralization listed on the TSX Venture Exchange ("
DRY
"), on the OTCQB marketplace ("
DRYGF
")
and on the FSE: ("
X7W
"). 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
a 100% interest in a dominant strategic land position in the Dryden District of Northwestern Ontario.
Dryden Gold's 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. The property has excellent infrastructure, enjoys collaborative relationships
with First Nations communities and benefits from proximity to an experienced mining workforce.
For more information, go to our website
www.drydengold.com
.
CONTACT INFORMATION
Trey Wasser, CEO
Email:
Phone: 940-368-8337
Ashley Robinson, Investor Relations
Email:
X:
@DrydenGold
Maura Kolb, M.Sc. P. Geo., President
Email:
Phone: 807-632-2368
Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains "forward-looking statements" within the meaning of applicable
securities legislation. Forward-looking statements include, but are not limited to, statements with respect
to: receipt of corporate and regulatory approvals, issuance of common shares; future development plans;
and the business and operations of Dryden Gold. Forward-looking statements relate to information that
is based on assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often but not always using phrases such as
"expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget",
"scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or
stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur
or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-
looking statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking statements, including, without limitation: risks
related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to
the outcome of legal proceedings; political and regulatory risks associated with mining and exploration;
risks related to the maintenance of stock exchange listings including receipt of TSX Venture Exchange
approval for the offering; risks related to environmental regulation and liability; the potential for delays in
exploration or development activities; the uncertainty of profitability; risks and uncertainties relating to the
interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the
inherent uncertainty of production and cost estimates and the potential for unexpected costs and
expenses; the possibility that future exploration, development or mining results will not be consistent with
the Company's expectations; risks related to commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and business detailed elsewhere in Dryden
Gold's and the Company's disclosure record. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking statements. Investors are cautioned against attributing undue
certainty to forward-looking statements. These forward-looking statements are made as of the date
hereof and Dryden Gold and the Company do not assume any obligation to update or revise them to
reflect new events or circumstances. Actual events or results could differ materially from Dryden Gold's
and the Company's expectations or projections.
UNITED STATES ADVISORY.
The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "
U.S. Securities Act
"),
have been offered and sold outside the United States to eligible investors pursuant to Regulation S
promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States
or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the
United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an
exemption from the registration requirements of the U.S. Securities Act is available. Hedging
transactions involving the securities must not be conducted unless in accordance with the U.S. Securities
Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in the state in the United States in which such offer,
solicitation or sale would be unlawful.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
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https://www.newsfilecorp.com/release/279783