Manitou Gold Closes Agreement to Sell 100% Interest in its Dryden Properties

SUDBURY, Ontario, April 22, 2022 (GLOBE NEWSWIRE) -- Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce that the agreement (the “Agreement”) to sell a 100% interest in its Dryden properties located in northwestern Ontario (the “Property”) to Dryden Gold Corp. (“Dryden Gold”) has been fully executed on April 21, 2022. Dryden Gold is a private company, controlled by the founders and management of Ely Gold Royalties Inc., a public company that was sold in 2021 to Gold Royalty Corp. for approximately $300 million.

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