Dryden Gold Corp. (TSX-V: DRY) (OTCQX: DRYGF) wishes to announce a proposed non-brokered equity financing of up to a maximum of 17,951,996 shares comprised of both flow-through common shares and charity flow-through shares .  The FT Shares will be offered at $0.41 per share and the CFT Shares will be offered at a price of $0.4521 per CFT Shares for maximum aggregate proceeds of up to $7,500,000. No fractional CFT Shares will be issued and any fractional CFT Shares will be rounded down to the nearest whole number. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, cash finders’ fees of equal to up to 6% of gross proceeds from FT Shares and CFT Shares sold under the Financing may be payable to eligible arm’s length persons with respect to certain subscriptions accepted by the Company.  All of the securities sold under the offering will be subject to a hold period of four months and one day from the date of issuance.

The Company plans to use the gross proceeds from the sale of the FT Shares and CFT Shares to expand its drill program at Hyndman following permitting and summer fieldwork results. Dryden will also significantly expand its drill program at Gold Rock testing at depth and along strike. The district scale opportunity will be further tested with an expanded summer field campaign to support targeted drill testing of priority anomalies. Additional field work will include detailed geological mapping, prospecting, tighter-spaced till substrate sampling and a gold-in-till program on newly acquired property at Hyndman.

The Financing may close in one or more tranches. Closing of the Offering is subject to a number of customary closing conditions, including receipt of applicable regulatory approvals including the approval of the TSX Venture Exchange. The FT Shares and the CFT Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada). An amount equal to the gross proceeds from the issuance of the FT Shares and 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), and (ii) as “flow-through mining expenditures” (as defined in subsection 127(9) of the Tax Act).

The Company anticipates that insiders may subscribe for CFT Shares. The issuance of CFT Shares to insiders is considered a related party transaction subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(b) and 5.7(b) of Multilateral Instrument 61-101.

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 is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX-V (“DRY”) and traded on the OTCQX (“DRYGF”) and 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. Our 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: twasser@drydengold.com
Phone: 940-368-8337

Maura Kolb, M.Sc.. P. Geo., President
Email: mjkolb@drydengold.com
Phone: 807-632-2368

Ashley Robinson, Director of Corporate Communications
Email: ir@drydengold.com
Phone: 604-764-7493

Social: Linktree
Website: www.drydengold.com
X: @DrydenGold