Author: Office Admin

CALGARY, ALBERTA – Sept 29, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide field visuals and a drilling update to the markets.

What: 

• TAK-26-17 visuals highlight additional prospective zoning in the area of TAK-26-16.

Importance:

• The TAK-26-16 result was announced by the Company on September 25, 2026, intercepting 3.333 g/t Au over 60.0m from 24.0m downhole, including a high-grade interval of 229 g/t Au over 0.65m, 63.15m downhole.

Next Steps:

• Consolidation of all pending assays and step out data from current and prior campaign,
• Completion of logging and cutting of Phase IV holes,
• Resumption of Phase IV drilling with a now expanded scope from 3 additional holes to a maximum of 6 additional holes.

President Noah Komavli on TAK-26-17; “These select visuals coming from the field support our theory of the 67Z East having the potential to host additional high-grade gold mineralization near the surface. These early visuals are awaiting geological logging, cutting, and assays, however, the positive indicators such as alteration, sulphide, and suspected visible gold give us added confidence in the current program. To round out our Phase IV program, we are allocating additional meterage between the two zones, with at least one additional hole in the vicinity of TAK-26-16 and TAK-26-17 for the purpose of additional data collection for our developing model.”

Figure 1: East of the 67Z – TAK-26-17 – ~59m Downhole

Figure 2: East of the 67Z – TAK-26-17 – ~59m Downhole

Figure 3: East of the 67Z – TAK-26-17 – ~59m Downhole

Figure 4: East of the 67Z – TAK-26-17 – ~59m Downhole

TAK-26-17
The first hole of the Phase IV campaign picked up where the Company left off at the end of Phase III, designed to test width and continuity of the TAK-26-16. 

Drilling was paused for under a week, with four drill holes completed. Drilling has resumed and the Company has the ability to expand planned meterage from 3 to 6 additional holes. No downtime charges were incurred.

Table 1: Drill Hole Status – Phase I – IV

Tak Project – Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators – in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.

Figure 5: Regional Map and Area of Activity

In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones

D99Z:

In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (incl. 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “67Z” by Ashley. In Phase II drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. TAK-26-08 was the first hole collared North, intercepting two zones of visible gold, assaying 0.729 g/t Au over 38.75m (incl. 0.961 g/t Au over 27.50m, incl. 1.43 g/t Au over 17.00m, incl. 9.200 g/t Au over 0.5 m). The Company made a discovery in 67Z East, TAK-26-16 which was collared in Phase III drilling, returned 3.333 g/t Au over 60.0m from 24.0m downhole, including an interval of 229 g/t Au over 0.65m at 63.15m downhole.

NTZ:

The Northern Trench Zone (“NTZ”) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. The surface expression of the vein was traced for over 300m west of the high-grade grab sample.  

Tak History

January 1940s – Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI. 

1980 – Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI. 

1998-1999 – Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI. 

2002 – Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report. 

January 6, 2026 – Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M). 

February 10, 2026 – Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes. 

March 14, 2026 – Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex. 

April 2–10, 2026 – Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions. 

April–May 2026 – Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.

May 14, 2026 – Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval. 

May 20, 2026 – Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

June 4, 2026 – Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

September 25, 2026 – Ashley Gold Corp., reported a drilling discovery in TAK-26-16: multiple gold bearing zones, with a high-grade, visible gold encounter of 229 g/t Au at 63.15m. The hole assayed 3.333 g/t Au over 60.0m from 24.0m downhole.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program. True thickness is unknown. 

Core visuals are preliminary in nature and may not be representative of the drill hole or the property in its entirety. Early visuals are awaiting lab assay confirmation.

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

Map Citations

All scientific and technical information is sourced from the following prior public disclosures and technical reports:

Thundercloud Property (Pelham Zone) – Dynasty Gold Corp.

• Fladgate Exploration Consulting Corp., NI 43-101 Independent Technical Report, Thundercloud Property, Northwestern Ontario (effective date September 27, 2021):
  https://dynastygoldcorp.com/site/assets/files/5056/thundercloud_43-101_technical_report.pdf
• Dynasty Gold Corp. news release dated January 4, 2022:
  https://dynastygoldcorp.com/news-releases/2022/dynasty-reports-ni-43-101-compliant-gold-resource-for-thundercloud/

Mineral Resource (NI 43-101 2.2(d))

• Inferred: 4,140,000 tonnes grading 1.37 g/t Au containing 182,000 ounces of gold (0.45 g/t Au cut-off).

Goliath Gold Complex (Goliath, Goldlund & Miller) – NexGold Mining Corp.

• Mineral Resource Estimate summary (effective January 17, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_resources.pdf
• Mineral Reserve Estimate summary (effective December 31, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_reserves.pdf
• Supporting project pages:
  https://nexgold.com/overview/
  https://nexgold.com/goliath-gold-complex/
  https://nexgold.com/miller/

Mineral Resources (NI 43-101 2.2(d))

• Measured + Indicated: 67,711,000 tonnes grading 0.98 g/t Au containing 2,138,600 ounces of gold. 
• Inferred: 32,571,000 tonnes grading 0.75 g/t Au containing 782,800 ounces of gold.

Mineral Reserves (NI 43-101 2.2(d))

• Proven + Probable: 30,319,000 tonnes grading 1.30 g/t Au containing 1,267,000 ounces of gold.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

“Noah Komavli”

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

CALGARY, ALBERTA – Sept 25, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide an assay update to the markets from Phase III drilling completed on the Tak Project (the “Property”), which comprises the patented position on the southwest of the Company’s Burnthut Project.

Significance:

• Ashley’s third received assay set from drilling completed outside historic zones (TAK-26-06, TAK-26-14, and now TAK-26-16).
• Best Company and Property interval to date, achieved in under 2,000m of diamond drilling.

Positioning:

• 4 Phase III Holes remain pending,
• Phase IV drilling completed 4 holes.

Next Steps:

• The Company will complete Phase IV planned holes and evaluate the allocation of additional meterage to the greater area around the TAK-26-16 hole, pending assessment of expended meterage. 

President Noah Komavli on TAK-26-16; “It is my pleasure to present this result to our investors and the markets. I was of the belief that the historic holes did not fully represent the potential of the Tak, and these assays confirm that. TAK-26-16 delivered not only our best Company intercept, but the best in the recorded history of the Patents. We are consistently improving our understanding of the Property, and this drill result is a testament to that. From our acquisition in early 2026 and following validation of historic drilling, we have begun to move away from historic areas as we explore the system. The discovery of high-grade gold so close to the surface is a game changer.”

Table 1: Summary Results from TAK-26-16

Exploration Manager, Shannon Baird; “In both orogenic and QFP settings, gold is rarely distributed evenly. High-grade shoots or vein swarms can act as the anchor of a broader mineral system where a single high-grade shoot can contain the majority of a system’s total ounces despite occupying a fraction of its volume. The fact that we encountered multiple high-grade sections within a broader altered and mineralized envelope near surface will help put Tak on the map. I really look forward to future detailed follow-up to help unfold the next chapter of this increasingly exciting story.”

TAK-26-16

Figure 1: Visible Gold at ~63.5m

Figure 2: TAK Plan View

Figure 3: TAK-26-16 – ~48.5m to ~89.0m (g/t Au / meters)

Assays

Table 2: Ashley TAK – Phase I – III Collar Data & Hole Status

Drillhole ID	Sample #	From (m)	To (m)	Length (m)	Gold (g/t)
TAK-26-16	3022166	6.50	8.00	1.50	0.006
TAK-26-16	3022167	8.00	9.00	1.00	0.009
TAK-26-16	3022168	9.00	10.50	1.50	0.010
TAK-26-16	3022169	10.50	12.00	1.50	0.016
TAK-26-16	3022171	12.00	12.75	0.75	0.031
TAK-26-16	3022172	12.75	14.25	1.50	0.040
TAK-26-16	3022173	14.25	15.50	1.25	0.010
TAK-26-16	3022174	15.50	17.00	1.50	0.009
TAK-26-16	3022175	17.00	18.50	1.50	0.006
TAK-26-16	3022176	18.50	20.00	1.50	0.003
TAK-26-16	3022177	20.00	21.50	1.50	0.013
TAK-26-16	3022178	21.50	22.50	1.00	0.073
TAK-26-16	3022179	22.50	24.00	1.50	0.036
TAK-26-16	3022181	24.00	25.50	1.50	0.341
TAK-26-16	3022182	25.50	27.00	1.50	0.120
TAK-26-16	3022183	27.00	28.50	1.50	1.610
TAK-26-16	3022184	28.50	29.50	1.00	0.695
TAK-26-16	3022185	29.50	30.25	0.75	0.892
TAK-26-16	3022186	30.25	31.75	1.50	0.204
TAK-26-16	3022187	31.75	33.50	1.75	0.015
TAK-26-16	3022188	33.50	34.25	0.75	0.684
TAK-26-16	3022189	34.25	35.75	1.50	0.062
TAK-26-16	3022191	35.75	36.75	1.00	0.670
TAK-26-16	3022192	36.75	38.25	1.50	0.192
TAK-26-16	3022193	38.25	39.75	1.50	0.198
TAK-26-16	3022194	39.75	41.00	1.25	0.115
TAK-26-16	3022195	41.00	42.00	1.00	0.011
TAK-26-16	3022196	42.00	42.75	0.75	0.036
TAK-26-16	3022197	42.75	43.75	1.00	0.017
TAK-26-16	3022198	43.75	44.75	1.00	0.234
TAK-26-16	3022199	44.75	46.00	1.25	0.033
TAK-26-16	3022201	46.00	47.50	1.50	0.153
TAK-26-16	3022202	47.50	49.00	1.50	0.018
TAK-26-16	3022203	49.00	50.00	1.00	0.055
TAK-26-16	3022204	50.00	51.00	1.00	0.061
TAK-26-16	3022205	51.00	52.50	1.50	0.030
TAK-26-16	3022206	52.50	53.50	1.00	0.100
TAK-26-16	3022207	53.50	54.50	1.00	0.031
TAK-26-16	3022208	54.50	56.00	1.50	0.127
TAK-26-16	3022209	56.00	56.90	0.90	0.268
TAK-26-16	3022211	56.90	58.40	1.50	0.047
TAK-26-16	3022212	58.40	59.20	0.80	0.108
TAK-26-16	3022213	59.20	60.00	0.80	0.055
TAK-26-16	3022214	60.00	61.00	1.00	1.820
TAK-26-16	3022215	61.00	62.15	1.15	0.159
TAK-26-16	3022216	62.15	63.15	1.00	1.740
TAK-26-16	3022217	63.15	63.80	0.65	229.000
TAK-26-16	3022218	63.80	65.00	1.20	0.738
TAK-26-16	3022219	65.00	66.50	1.50	0.152
TAK-26-16	3022221	66.50	67.80	1.30	0.411
TAK-26-16	3022222	67.80	68.65	0.85	16.700
TAK-26-16	3022223	68.65	69.50	0.85	2.130
TAK-26-16	3022224	69.50	70.50	1.00	4.550
TAK-26-16	3022225	70.50	72.00	1.50	0.928
TAK-26-16	3022226	72.00	73.50	1.50	0.465
TAK-26-16	3022227	73.50	74.70	1.20	0.251
TAK-26-16	3022228	74.70	75.20	0.50	0.222
TAK-26-16	3022229	75.20	76.50	1.30	0.032
TAK-26-16	3022231	76.50	78.00	1.50	0.022
TAK-26-16	3022232	78.00	79.00	1.00	4.810
TAK-26-16	3022233	79.00	80.00	1.00	0.812
TAK-26-16	3022234	80.00	81.40	1.40	0.157
TAK-26-16	3022235	81.40	81.90	0.50	0.811
TAK-26-16	3022236	81.90	82.90	1.00	7.750
TAK-26-16	3022237	82.90	84.00	1.10	0.239
TAK-26-16	3022238	84.00	85.00	1.00	0.036
TAK-26-16	3022239	85.00	86.50	1.50	0.007
TAK-26-16	3022241	86.50	88.00	1.50	0.009
TAK-26-16	3022242	88.00	89.00	1.00	0.003

Table 3: TAK-26-16 Assays

Grade Capping, Assay Summary

At present, the Company does not have sufficient assay counts to statistically identify an appropriate grade cap for the high-grade zone encountered in TAK-26-16. 

Due to high grain counts of visible gold, the Company feels that capping extremely high-grade domains at 40 g/t Au for the time being is prudent. This grade cap is not representative of what a block model or resource model may make as assumptions and is provided to only demonstrate the interval using a lower grade value. 

Table 4: Grade Capped to 40 g/t Au

Tak Project – Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators – in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.

Figure 4: Regional Map and Area of Activity

In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones

D99Z:

In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (incl. 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “67Z” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. TAK-26-08 was the first hole collared North, intercepting two zones of visible gold, assaying 0.729 g/t Au over 38.75m (incl. 0.961 g/t Au over 27.50m, incl. 1.43 g/t Au over 17.00m, incl. 9.200 g/t Au over 0.5 m).

NTZ:

The Northern Trench Zone (“NTZ”) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. The surface expression of the vein was traced for over 300m west of the high-grade grab sample.  

Tak History

January 1940s – Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI. 

1980 – Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI. 

1998-1999 – Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI. 

2002 – Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report. 

January 6, 2026 – Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M). 

February 10, 2026 – Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes. 

March 14, 2026 – Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex. 

April 2–10, 2026 – Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions. 

April–May 2026 – Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.

May 14, 2026 – Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval. 

May 20, 2026 – Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

June 4, 2026 – Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

Quality Assurance / Quality Control

The Company utilizes a drill rig recovering NQ core. All core is sealed in the field by the drill contractor and transported to the core logging facility. Core is then teched and logged by the Company geologist. Prior to geological logging and cutting, all core is systematically inspected and pieced back together until interlocked, depth measurements completed, RQD/Recovery measured, photographed dry and wet, and magnetic susceptibility measurements are taken. Sample intervals are then marked by grease pencil and flagged using ActLabs sample tags. QAQC check samples are inserted every tenth sample consisting of either a blank substrate material, OREAS gold certified standard, or a duplicate is done by quarter cutting the previous sample interval and submitting the other quarter material as the QAQC sample. All samples are cut using a wet saw and placed in pre-labelled sample bags pertaining to the sample interval. When a sample interval is complete, the assay card is added to the respective sample bag and the bag is securely sealed while the matching waterproof tag is permanently stapled into the core box at the end of the sample interval. Rice bags are labelled with the company name, submission batch number, range of sample numbers contained, total number of samples, and rice bag number and range. The secured sample bags are then placed into the rice bags pertaining to the range labelled on the rice bag and then securely fastened with zip ties. Rice bags are stored in a secured shipping container until Company contractors transport completed holes to ActLabs in Dryden, ON for 1A2 Au fire assay.

A sample size of 5 to 50 grams can be used but the routine size is 30 g for rock pulps, soils, or sediments (exploration samples). The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The mixture is then preheated at 850°C, intermediate 950°C and finish 1060°C with the entire fusion process lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to recover the Ag (doré bead) + Au. overlimits are run under 1A3 with gravimetric finish.

All geological samples from the drilling program were subjected to a rigorous QA/QC program under the supervision of the designated Qualified Person (QP). Samples were securely transported from the project site in sealed bags directly to the Activation Laboratories (ActLabs) facility for preparation and analysis.

Analytical Procedures

• Primary Gold Analysis (Code 1A2): All samples were pulverized and analyzed for gold content using Actlabs method Code 1A2. This procedure utilizes a standard lead-collection Fire Assay (FA) on a 30-gram sample charge, followed by digestion and an Atomic Absorption Spectrometry (AAS) finish. The lower detection limit for this method is 5 ppb. 
• Over-Limit Check Analysis (Code 1A3): For any sample returning a gold value exceeding 5.0 g/t Au under the Code 1A2 method, an automatic over-limit check was triggered. These high-grade samples were re-assayed via Actlabs method Code 1A3, utilizing a lead-collection Fire Assay followed by a direct Gravimetric (GRA) finish on a separate 30-gram charge to ensure absolute analytical accuracy for ore-grade mineralization. 

Laboratory Accreditation & Quality Monitoring

Actlabs is an independent commercial laboratory accredited to ISO/IEC 17025 standards. In addition to the laboratory’s internal QA/QC protocols (including systematically inserted blanks, duplicate samples, and certified reference materials), Ashley Gold Corp. strictly implemented its own independent QA/QC program. This included the regular insertion of certified reference standards (CRMs), field duplicates, and coarse blanks into the sample stream to independently monitor and verify laboratory precision and accuracy.

The QP has reviewed the QA/QC data from Ashley Gold Corp. and confirms that the sample preparation, security, and analytical procedures meet or exceed industry best practices and standard guidelines, and that the resulting assay data is considered reliable for resource modeling and exploration reporting.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program. True thickness is unknown. 

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

Map Citations

All scientific and technical information is sourced from the following prior public disclosures and technical reports:

Thundercloud Property (Pelham Zone) – Dynasty Gold Corp.

• Fladgate Exploration Consulting Corp., NI 43-101 Independent Technical Report, Thundercloud Property, Northwestern Ontario (effective date September 27, 2021):
  https://dynastygoldcorp.com/site/assets/files/5056/thundercloud_43-101_technical_report.pdf
• Dynasty Gold Corp. news release dated January 4, 2022:
  https://dynastygoldcorp.com/news-releases/2022/dynasty-reports-ni-43-101-compliant-gold-resource-for-thundercloud/

Mineral Resource (NI 43-101 2.2(d))

• Inferred: 4,140,000 tonnes grading 1.37 g/t Au containing 182,000 ounces of gold (0.45 g/t Au cut-off).

Goliath Gold Complex (Goliath, Goldlund & Miller) – NexGold Mining Corp.

• Mineral Resource Estimate summary (effective January 17, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_resources.pdf
• Mineral Reserve Estimate summary (effective December 31, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_reserves.pdf
• Supporting project pages:
  https://nexgold.com/overview/
  https://nexgold.com/goliath-gold-complex/
  https://nexgold.com/miller/

Mineral Resources (NI 43-101 2.2(d))

• Measured + Indicated: 67,711,000 tonnes grading 0.98 g/t Au containing 2,138,600 ounces of gold. 
• Inferred: 32,571,000 tonnes grading 0.75 g/t Au containing 782,800 ounces of gold.

Mineral Reserves (NI 43-101 2.2(d))

• Proven + Probable: 30,319,000 tonnes grading 1.30 g/t Au containing 1,267,000 ounces of gold.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

“Noah Komavli”

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

CALGARY, ALBERTA – Sept 23, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide the initial assays from Phase III drilling.

Importance:

• First step out assays received from Phase III drilling,
• TAK-26-14 highlights bulk tonnage grades near the surface, between the 67Z and D99Z.

Next Steps:

• Step out drilling is ongoing, with field updates expected.

Positioning: 

• 5 Phase III holes remain pending,
• 7 Phase IV holes planned.

President Noah Komavli on the intercept; “The TAK-26-14 result comes at an excellent time, as we are actively drilling additional step out holes. The values are compelling and highlight gold grades near the surface, between the two most densely drilled zones on the Property. TAK-26-13 provided important data and supports a theory of the ridgeline in the property being related to the system’s plumbing. Additional data will be needed to determine the structural timing and its relation to gold precipitation.”

Table 1: TAK-26-14 and TAK-26-13 Highlights

Results Discussion

TAK-26-14 was the farthest step out east from the 67Z to date, returning bulk tonnage values near the surface, expanding the strike potential of the 67Z over 50m.

TAK-26-13 was collared North of the 67Z anomaly and is interpreted as having intercepted the contact zone, which may have acted as a chemical trap for the gold to precipitate throughout the 67Z anomaly. Additional drilling North of the TAK-26-13 and on the North side of the contact zone, in the NTZ (grab samples up to 398 g/t Au), may be considered in a future campaign, to test the theory further. Additional data is needed to determine the exact structural controls in the area.

Figure 1: Tak Plan View

Collars

Table 2: Collar Data, Phase I – III

Assays

Hole ID	Sample #	From (m)	To (m)	Length (m)	Gold (g/t)
TAK-26-13	3022037	8.70	9.00	0.30	0.003
TAK-26-13	3022038	9.00	10.50	1.50	1.700
TAK-26-13	3022039	10.50	12.00	1.50	0.109
TAK-26-13	3022041	12.00	13.25	1.25	0.035
TAK-26-13	3022042	13.25	14.50	1.25	0.023
TAK-26-13	3022043	14.50	16.00	1.50	0.011
TAK-26-13	3022044	16.00	17.50	1.50	0.010
TAK-26-13	3022045	17.50	19.00	1.50	0.018
TAK-26-13	3022046	19.00	20.00	1.00	0.022
TAK-26-13	3022047	20.00	21.00	1.00	0.162
TAK-26-13	3022048	21.00	21.30	0.30	0.052
TAK-26-13	3022049	21.30	22.40	1.10	0.031
TAK-26-13	3022051	22.40	23.50	1.10	0.037
TAK-26-13	3022052	23.50	25.00	1.50	0.005
TAK-26-13	3022053	25.00	26.50	1.50	0.023
TAK-26-13	3022054	26.50	28.00	1.50	0.073
TAK-26-13	3022055	28.00	29.50	1.50	0.083
TAK-26-13	3022056	29.50	31.00	1.50	0.023
TAK-26-13	3022057	31.00	32.50	1.50	0.013
TAK-26-13	3022058	32.50	34.00	1.50	0.025
TAK-26-13	3022059	34.00	35.50	1.50	0.028
TAK-26-13	3022061	35.50	37.00	1.50	0.011
TAK-26-13	3022062	37.00	38.00	1.00	0.040
TAK-26-13	3022063	38.00	39.00	1.00	0.050
TAK-26-13	3022064	39.00	40.00	1.00	0.071
TAK-26-13	3022065	40.00	41.00	1.00	0.075
TAK-26-13	3022066	41.00	42.50	1.50	0.192
TAK-26-13	3022067	42.50	44.00	1.50	0.154
TAK-26-13	3022068	44.00	45.50	1.50	0.565
TAK-26-13	3022069	45.50	47.00	1.50	0.037
TAK-26-13	3022071	47.00	48.00	1.00	0.016
TAK-26-13	3022072	48.00	49.50	1.50	0.305
TAK-26-13	3022073	49.50	50.50	1.00	0.016
TAK-26-13	3022074	50.50	51.50	1.00	0.045
TAK-26-13	3022075	51.50	53.00	1.50	0.008
TAK-26-13	3022076	53.00	54.50	1.50	0.006
TAK-26-13	3022077	54.50	56.00	1.50	0.008
TAK-26-13	3022078	56.00	57.00	1.00	0.006
TAK-26-13	3022079	57.00	58.00	1.00	0.003
TAK-26-13	3022081	58.00	59.00	1.00	0.003
TAK-26-13	3022082	59.00	60.50	1.50	0.003
TAK-26-13	3022083	60.50	62.00	1.50	0.003
TAK-26-13	3022084	62.00	63.50	1.50	0.005
TAK-26-13	3022085	63.50	65.00	1.50	0.003
TAK-26-13	3022086	65.00	66.50	1.50	0.003
TAK-26-13	3022087	66.50	68.00	1.50	0.003
TAK-26-13	3022088	68.00	69.50	1.50	0.005
TAK-26-13	3022089	69.50	71.00	1.50	0.012
TAK-26-13	3022091	71.00	72.50	1.50	0.003
TAK-26-13	3022092	72.50	74.00	1.50	0.003
TAK-26-13	3022093	74.00	75.50	1.50	0.003
TAK-26-13	3022094	75.50	77.00	1.50	0.003
TAK-26-13	3022095	77.00	78.50	1.50	0.003
TAK-26-13	3022096	78.50	80.00	1.50	0.015
TAK-26-14	3022097	10.00	11.50	1.50	0.019
TAK-26-14	3022098	11.50	13.00	1.50	0.005
TAK-26-14	3022099	13.00	14.50	1.50	0.073
TAK-26-14	3022101	14.50	16.00	1.50	0.033
TAK-26-14	3022102	16.00	17.50	1.50	0.015
TAK-26-14	3022103	17.50	19.00	1.50	0.026
TAK-26-14	3022104	19.00	20.25	1.25	0.038
TAK-26-14	3022105	20.25	21.50	1.25	0.008
TAK-26-14	3022106	21.50	22.00	0.50	0.244
TAK-26-14	3022107	22.00	23.50	1.50	0.017
TAK-26-14	3022108	23.50	25.00	1.50	0.152
TAK-26-14	3022109	25.00	26.00	1.00	0.033
TAK-26-14	3022111	26.00	27.50	1.50	0.015
TAK-26-14	3022112	27.50	29.00	1.50	0.006
TAK-26-14	3022113	29.00	30.00	1.00	0.043
TAK-26-14	3022114	30.00	31.35	1.35	0.107
TAK-26-14	3022115	31.35	32.35	1.00	0.244
TAK-26-14	3022116	32.35	33.50	1.15	0.044
TAK-26-14	3022117	33.50	35.00	1.50	0.049
TAK-26-14	3022118	35.00	35.85	0.85	0.033
TAK-26-14	3022119	35.85	36.85	1.00	0.172
TAK-26-14	3022121	36.85	38.10	1.25	1.590
TAK-26-14	3022122	38.10	39.50	1.40	0.846
TAK-26-14	3022123	39.50	41.00	1.50	0.142
TAK-26-14	3022124	41.00	42.50	1.50	0.041
TAK-26-14	3022125	42.50	44.00	1.50	0.162
TAK-26-14	3022126	44.00	45.00	1.00	0.253
TAK-26-14	3022127	45.00	46.00	1.00	0.109
TAK-26-14	3022128	46.00	46.60	0.60	0.881
TAK-26-14	3022129	46.60	48.00	1.40	0.417
TAK-26-14	3022131	48.00	49.50	1.50	0.017
TAK-26-14	3022132	49.50	51.00	1.50	0.097
TAK-26-14	3022133	51.00	52.50	1.50	0.190
TAK-26-14	3022134	52.50	54.00	1.50	0.309
TAK-26-14	3022135	54.00	55.50	1.50	1.560
TAK-26-14	3022136	55.50	56.75	1.25	0.039
TAK-26-14	3022137	56.75	57.25	0.50	0.082
TAK-26-14	3022138	57.25	58.50	1.25	0.008
TAK-26-14	3022139	58.50	60.00	1.50	0.031
TAK-26-14	3022141	60.00	61.50	1.50	0.094
TAK-26-14	3022142	61.50	63.00	1.50	4.230
TAK-26-14	3022143	63.00	64.50	1.50	0.039
TAK-26-14	3022144	64.50	66.00	1.50	0.832
TAK-26-14	3022145	66.00	67.50	1.50	1.090
TAK-26-14	3022146	67.50	68.50	1.00	2.990
TAK-26-14	3022147	68.50	70.00	1.50	0.602
TAK-26-14	3022148	70.00	71.00	1.00	0.488
TAK-26-14	3022149	71.00	72.50	1.50	0.014
TAK-26-14	3022151	72.50	74.00	1.50	0.007
TAK-26-14	3022152	74.00	75.25	1.25	0.003
TAK-26-14	3022153	75.25	76.50	1.25	0.023
TAK-26-14	3022154	76.50	77.75	1.25	0.010
TAK-26-14	3022155	77.75	79.00	1.25	0.121
TAK-26-14	3022156	79.00	80.00	1.00	0.614
TAK-26-14	3022157	80.00	81.00	1.00	0.687
TAK-26-14	3022158	81.00	82.00	1.00	0.118
TAK-26-14	3022159	82.00	83.25	1.25	0.831
TAK-26-14	3022161	83.25	84.15	0.90	0.342
TAK-26-14	3022162	84.15	85.00	0.85	0.271
TAK-26-14	3022163	85.00	86.00	1.00	0.020
TAK-26-14	3022164	86.00	87.50	1.50	0.012
TAK-26-14	3022165	87.50	89.00	1.50	0.006

Table 3: TAK-26-13, TAK-26-14 Assays

Tak Project – Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators – in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.

Figure 2: Regional Map and Area of Activity

In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones

D99Z:

In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (incl. 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “67Z” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. TAK-26-08 was the first hole collared North, intercepting two zones of visible gold, assaying 0.729 g/t Au over 38.75m (incl. 0.961 g/t Au over 27.50m, incl. 1.43 g/t Au over 17.00m, incl. 9.200 g/t Au over 0.5 m).

NTZ:

The Northern Trench Zone (“NTZ”) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. The surface expression of the vein was traced for over 300m west of the high-grade grab sample.  

Tak History

January 1940s – Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI. 

1980 – Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI. 

1998-1999 – Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI. 

2002 – Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report. 

January 6, 2026 – Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M). 

February 10, 2026 – Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes. 

March 14, 2026 – Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex. 

April 2–10, 2026 – Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions. 

April–May 2026 – Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.

May 14, 2026 – Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval. 

May 20, 2026 – Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

June 4, 2026 – Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

Quality Assurance / Quality Control

The Company utilizes a drill rig recovering NQ core. All core is sealed in the field by the drill contractor and transported to the core logging facility. Core is then teched and logged by the Company geologist. Prior to geological logging and cutting, all core is systematically inspected and pieced back together until interlocked, depth measurements completed, RQD/Recovery measured, photographed dry and wet, and magnetic susceptibility measurements are taken. Sample intervals are then marked by grease pencil and flagged using ActLabs sample tags. QAQC check samples are inserted every tenth sample consisting of either a blank substrate material, OREAS gold certified standard, or a duplicate is done by quarter cutting the previous sample interval and submitting the other quarter material as the QAQC sample. All samples are cut using a wet saw and placed in pre-labelled sample bags pertaining to the sample interval. When a sample interval is complete, the assay card is added to the respective sample bag and the bag is securely sealed while the matching waterproof tag is permanently stapled into the core box at the end of the sample interval. Rice bags are labelled with the company name, submission batch number, range of sample numbers contained, total number of samples, and rice bag number and range. The secured sample bags are then placed into the rice bags pertaining to the range labelled on the rice bag and then securely fastened with zip ties. Rice bags are stored in a secured shipping container until Company contractors transport completed holes to ActLabs in Dryden, ON for 1A2 Au fire assay.

A sample size of 5 to 50 grams can be used but the routine size is 30 g for rock pulps, soils, or sediments (exploration samples). The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The mixture is then preheated at 850°C, intermediate 950°C and finish 1060°C with the entire fusion process lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to recover the Ag (doré bead) + Au. overlimits are run under 1A3 with gravimetric finish.

All geological samples from the drilling program were subjected to a rigorous QA/QC program under the supervision of the designated Qualified Person (QP). Samples were securely transported from the project site in sealed bags directly to the Activation Laboratories (ActLabs) facility for preparation and analysis.

Analytical Procedures

• Primary Gold Analysis (Code 1A2): All samples were pulverized and analyzed for gold content using Actlabs method Code 1A2. This procedure utilizes a standard lead-collection Fire Assay (FA) on a 30-gram sample charge, followed by digestion and an Atomic Absorption Spectrometry (AAS) finish. The lower detection limit for this method is 5 ppb. 
• Over-Limit Check Analysis (Code 1A3): For any sample returning a gold value exceeding 5.0 g/t Au under the Code 1A2 method, an automatic over-limit check was triggered. These high-grade samples were re-assayed via Actlabs method Code 1A3, utilizing a lead-collection Fire Assay followed by a direct Gravimetric (GRA) finish on a separate 30-gram charge to ensure absolute analytical accuracy for ore-grade mineralization. 

Laboratory Accreditation & Quality Monitoring

Actlabs is an independent commercial laboratory accredited to ISO/IEC 17025 standards. In addition to the laboratory’s internal QA/QC protocols (including systematically inserted blanks, duplicate samples, and certified reference materials), Ashley Gold Corp. strictly implemented its own independent QA/QC program. This included the regular insertion of certified reference standards (CRMs), field duplicates, and coarse blanks into the sample stream to independently monitor and verify laboratory precision and accuracy.

The QP has reviewed the QA/QC data from Ashley Gold Corp. and confirms that the sample preparation, security, and analytical procedures meet or exceed industry best practices and standard guidelines, and that the resulting assay data is considered reliable for resource modeling and exploration reporting.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program. True thickness is unknown.

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

Map Citations

All scientific and technical information is sourced from the following prior public disclosures and technical reports:

Thundercloud Property (Pelham Zone) – Dynasty Gold Corp.

• Fladgate Exploration Consulting Corp., NI 43-101 Independent Technical Report, Thundercloud Property, Northwestern Ontario (effective date September 27, 2021):
  https://dynastygoldcorp.com/site/assets/files/5056/thundercloud_43-101_technical_report.pdf
• Dynasty Gold Corp. news release dated January 4, 2022:
  https://dynastygoldcorp.com/news-releases/2022/dynasty-reports-ni-43-101-compliant-gold-resource-for-thundercloud/

Mineral Resource (NI 43-101 2.2(d))

• Inferred: 4,140,000 tonnes grading 1.37 g/t Au containing 182,000 ounces of gold (0.45 g/t Au cut-off).

Goliath Gold Complex (Goliath, Goldlund & Miller) – NexGold Mining Corp.

• Mineral Resource Estimate summary (effective January 17, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_resources.pdf
• Mineral Reserve Estimate summary (effective December 31, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_reserves.pdf
• Supporting project pages:
  https://nexgold.com/overview/
  https://nexgold.com/goliath-gold-complex/
  https://nexgold.com/miller/

Mineral Resources (NI 43-101 2.2(d))

• Measured + Indicated: 67,711,000 tonnes grading 0.98 g/t Au containing 2,138,600 ounces of gold. 
• Inferred: 32,571,000 tonnes grading 0.75 g/t Au containing 782,800 ounces of gold.

Mineral Reserves (NI 43-101 2.2(d))

• Proven + Probable: 30,319,000 tonnes grading 1.30 g/t Au containing 1,267,000 ounces of gold.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

“Noah Komavli”

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

CALGARY, ALBERTA – Sept 22, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide the final assays from Phase II drilling.

Importance:

• Widened the 67Z to ~50m of apparent true width,
• Intercepted 0.884 g/t Au over 0.5m at 18.5m downhole, possibly corresponding to 4.28 g/t Au intercepted near the bottom of the TAK-26-07 hole at 109.40m depth, over 0.60m – building a business case for eventual infill drilling and deep drilling in the Zone (TAK-26-07 was announced August 26, 2026). 

Significance:

• As a result of TAK-26-08 and TAK-26-09, future holes in the area and along strike were oriented South, providing a better representation of mineralization based on modelled dip.

Next Steps:

• Step out drilling is ongoing, the immediate area around the 67Z remains open in all directions and assays are pending from Phase III holes.

Positioning: 

• 7 Phase III holes remain pending,
• 7 Phase IV holes planned, hole TAK-26-19 underway,

President Noah Komavli on the intercept; “The TAK-26-09 results represent the farthest collar South in Ashley’s Phase II drilling campaign, and has returned a significant interval downhole, near the 67Z anomaly – where we previously announced assays of 1.111 g/t Au over 45.85m. This lower grade halo has the ability to build tonnage – and I am eagerly awaiting step out assays from the Phase III holes. With ongoing drilling east of the 67Z, we look forward to broadening our geological model.”

TAK-26-09

Figure 1: Ashley’s Tak Plan View

Assays

Table 1: Assay Highlights for TAK-26-09

Table 2: Collar Data for Phases I – III

Hole ID	Sample #	From (m)	To (m)	Length (m)	Gold (ppb)
TAK-26-09	2416821	3.00	4.50	1.50	< 5
TAK-26-09	2416822	4.50	6.00	1.50	< 5
TAK-26-09	2416823	6.00	7.50	1.50	< 5
TAK-26-09	2416824	7.50	8.75	1.25	< 5
TAK-26-09	2416825	8.75	10.25	1.50	9.00
TAK-26-09	2416826	10.25	11.25	1.00	< 5
TAK-26-09	2416827	11.25	11.75	0.50	7.00
TAK-26-09	2416828	11.75	13.25	1.50	< 5
TAK-26-09	2416829	13.25	14.25	1.00	< 5
TAK-26-09	2416831	14.25	15.50	1.25	< 5
TAK-26-09	2416832	15.50	16.50	1.00	< 5
TAK-26-09	2416833	16.50	17.50	1.00	13.00
TAK-26-09	2416834	17.50	18.50	1.00	22.00
TAK-26-09	2416835	18.50	19.00	0.50	884.00
TAK-26-09	2416836	19.00	20.50	1.50	< 5
TAK-26-09	2416837	20.50	22.00	1.50	< 5
TAK-26-09	2416838	22.00	23.50	1.50	< 5
TAK-26-09	2416839	23.50	24.75	1.25	< 5
TAK-26-09	2416841	24.75	25.25	0.50	30.00
TAK-26-09	2416842	25.25	26.50	1.25	12.00
TAK-26-09	2416843	26.50	28.00	1.50	65.00
TAK-26-09	2416844	28.00	29.50	1.50	26.00
TAK-26-09	2416845	29.50	30.75	1.25	197.00
TAK-26-09	2416846	30.75	31.75	1.00	29.00
TAK-26-09	2416847	31.75	32.75	1.00	< 5
TAK-26-09	2416848	32.75	33.75	1.00	46.00
TAK-26-09	2416849	33.75	35.00	1.25	9.00
TAK-26-09	2416851	35.00	36.50	1.50	< 5
TAK-26-09	2416852	36.50	38.00	1.50	< 5
TAK-26-09	2416853	38.00	39.50	1.50	< 5
TAK-26-09	2416854	39.50	41.00	1.50	21.00
TAK-26-09	2416855	41.00	42.25	1.25	< 5
TAK-26-09	2416856	42.25	43.25	1.00	73.00
TAK-26-09	2416857	43.25	44.50	1.25	246.00
TAK-26-09	2416858	44.50	45.75	1.25	147.00
TAK-26-09	2416859	45.75	46.75	1.00	44.00
TAK-26-09	2416861	46.75	48.25	1.50	< 5
TAK-26-09	2416862	48.25	49.75	1.50	14.00
TAK-26-09	2416863	49.75	50.75	1.00	719.00
TAK-26-09	2416864	50.75	52.00	1.25	16.00
TAK-26-09	2416865	52.00	53.50	1.50	9.00
TAK-26-09	2416866	53.50	55.00	1.50	< 5
TAK-26-09	2416867	55.00	56.00	1.00	322.00
TAK-26-09	2416868	56.00	57.00	1.00	490.00
TAK-26-09	2416869	57.00	58.00	1.00	1670.00
TAK-26-09	2416871	58.00	59.00	1.00	43.00
TAK-26-09	2416872	59.00	59.50	0.50	149.00
TAK-26-09	2416873	59.50	61.00	1.50	8.00
TAK-26-09	2416874	61.00	62.00	1.00	< 5
TAK-26-09	2416875	62.00	63.25	1.25	48.00
TAK-26-09	2416876	63.25	64.25	1.00	20.00
TAK-26-09	2416877	64.25	64.75	0.50	828.00
TAK-26-09	2416878	64.75	65.75	1.00	89.00
TAK-26-09	2416879	65.75	66.75	1.00	225.00
TAK-26-09	2416881	66.75	68.00	1.25	400.00
TAK-26-09	2416882	68.00	69.25	1.25	1670.00
TAK-26-09	2416883	69.25	70.50	1.25	57.00
TAK-26-09	2416884	70.50	72.00	1.50	95.00
TAK-26-09	2416885	72.00	73.00	1.00	22.00
TAK-26-09	2416886	73.00	74.50	1.50	325.00
TAK-26-09	2416887	74.50	76.00	1.50	743.00
TAK-26-09	2416888	76.00	77.00	1.00	104.00
TAK-26-09	2416889	77.00	78.00	1.00	94.00
TAK-26-09	2416891	78.00	79.50	1.50	54.00
TAK-26-09	2416892	79.50	81.00	1.50	36.00
TAK-26-09	2416893	81.00	82.50	1.50	120.00
TAK-26-09	2416894	82.50	84.00	1.50	469.00
TAK-26-09	2416895	84.00	85.50	1.50	132.00
TAK-26-09	2416896	85.50	87.00	1.50	19.00
TAK-26-09	2416897	87.00	88.00	1.00	7.00
TAK-26-09	2416898	88.00	89.00	1.00	95.00
TAK-26-09	2416899	89.00	90.00	1.00	71.00
TAK-26-09	2416901	90.00	91.50	1.50	6.00
TAK-26-09	2416902	91.50	93.00	1.50	23.00
TAK-26-09	2416903	93.00	94.00	1.00	48.00
TAK-26-09	2416904	94.00	95.00	1.00	56.00
TAK-26-09	2416905	95.00	95.50	0.50	38.00
TAK-26-09	2416906	95.50	97.00	1.50	267.00
TAK-26-09	2416907	97.00	98.00	1.00	11.00
TAK-26-09	2416908	98.00	99.50	1.50	9.00
TAK-26-09	2416909	99.50	101.00	1.50	31.00
TAK-26-09	2416911	101.00	102.50	1.50	6.00
TAK-26-09	2416912	102.50	104.00	1.50	< 5
TAK-26-09	2416913	104.00	105.50	1.50	< 5
TAK-26-09	2416914	105.50	107.00	1.50	< 5
TAK-26-09	2416915	107.00	108.50	1.50	8.00
TAK-26-09	2416916	108.50	110.00	1.50	7.00
TAK-26-09	2416917	110.00	110.50	0.50	7.00
TAK-26-09	2416918	110.50	112.00	1.50	< 5
TAK-26-09	2416919	112.00	113.00	1.00	8.00
TAK-26-09	2416921	113.00	114.50	1.50	6.00
TAK-26-09	2416922	114.50	116.00	1.50	12.00
TAK-26-09	2416923	116.00	117.40	1.40	8.00
TAK-26-09	2416924	117.40	118.30	0.90	< 5
TAK-26-09	2416925	118.30	119.30	1.00	15.00
TAK-26-09	2416926	119.30	120.50	1.20	6.00
TAK-26-09	2416927	120.50	122.00	1.50	9.00
TAK-26-09	2416928	122.00	123.50	1.50	< 5
TAK-26-09	2416929	123.50	125.00	1.50	146.00
TAK-26-09	2416931	125.00	126.50	1.50	10.00
TAK-26-09	2416932	126.50	128.00	1.50	< 5

Table 3: TAK-26-09 Assays

Tak Project – Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators – in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.

Figure 2: Regional Map and Area of Activity

In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones

D99Z:

In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (incl. 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “67Z” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. TAK-26-08 was the first hole collared North, intercepting two zones of visible gold, assaying 0.729 g/t Au over 38.75m (incl. 0.961 g/t Au over 27.50m, incl. 1.43 g/t Au over 17.00m, incl. 9.200 g/t Au over 0.5 m).

NTZ:

The Northern Trench Zone (“NTZ”) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. The surface expression of the vein was traced for over 300m west of the high-grade grab sample.  

Tak History

January 1940s – Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI. 

1980 – Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI. 

1998-1999 – Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI. 

2002 – Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report. 

January 6, 2026 – Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M). 

February 10, 2026 – Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes. 

March 14, 2026 – Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex. 

April 2–10, 2026 – Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions. 

April–May 2026 – Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.

May 14, 2026 – Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval. 

May 20, 2026 – Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

June 4, 2026 – Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

Quality Assurance / Quality Control

The Company utilizes a drill rig recovering NQ core. All core is sealed in the field by the drill contractor and transported to the core logging facility. Core is then teched and logged by the Company geologist. Prior to geological logging and cutting, all core is systematically inspected and pieced back together until interlocked, depth measurements completed, RQD/Recovery measured, photographed dry and wet, and magnetic susceptibility measurements are taken. Sample intervals are then marked by grease pencil and flagged using ActLabs sample tags. QAQC check samples are inserted every tenth sample consisting of either a blank substrate material, OREAS gold certified standard, or a duplicate is done by quarter cutting the previous sample interval and submitting the other quarter material as the QAQC sample. All samples are cut using a wet saw and placed in pre-labelled sample bags pertaining to the sample interval. When a sample interval is complete, the assay card is added to the respective sample bag and the bag is securely sealed while the matching waterproof tag is permanently stapled into the core box at the end of the sample interval. Rice bags are labelled with the company name, submission batch number, range of sample numbers contained, total number of samples, and rice bag number and range. The secured sample bags are then placed into the rice bags pertaining to the range labelled on the rice bag and then securely fastened with zip ties. Rice bags are stored in a secured shipping container until Company contractors transport completed holes to ActLabs in Dryden, ON for 1A2 Au fire assay.

A sample size of 5 to 50 grams can be used but the routine size is 30 g for rock pulps, soils, or sediments (exploration samples). The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The mixture is then preheated at 850°C, intermediate 950°C and finish 1060°C with the entire fusion process lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to recover the Ag (doré bead) + Au. overlimits are run under 1A3 with gravimetric finish.

All geological samples from the drilling program were subjected to a rigorous QA/QC program under the supervision of the designated Qualified Person (QP). Samples were securely transported from the project site in sealed bags directly to the Activation Laboratories (ActLabs) facility for preparation and analysis.

Analytical Procedures

• Primary Gold Analysis (Code 1A2): All samples were pulverized and analyzed for gold content using Actlabs method Code 1A2. This procedure utilizes a standard lead-collection Fire Assay (FA) on a 30-gram sample charge, followed by digestion and an Atomic Absorption Spectrometry (AAS) finish. The lower detection limit for this method is 5 ppb. 
• Over-Limit Check Analysis (Code 1A3): For any sample returning a gold value exceeding 5.0 g/t Au under the Code 1A2 method, an automatic over-limit check was triggered. These high-grade samples were re-assayed via Actlabs method Code 1A3, utilizing a lead-collection Fire Assay followed by a direct Gravimetric (GRA) finish on a separate 30-gram charge to ensure absolute analytical accuracy for ore-grade mineralization. 

Laboratory Accreditation & Quality Monitoring

Actlabs is an independent commercial laboratory accredited to ISO/IEC 17025 standards. In addition to the laboratory’s internal QA/QC protocols (including systematically inserted blanks, duplicate samples, and certified reference materials), Ashley Gold Corp. strictly implemented its own independent QA/QC program. This included the regular insertion of certified reference standards (CRMs), field duplicates, and coarse blanks into the sample stream to independently monitor and verify laboratory precision and accuracy.

The QP has reviewed the QA/QC data from Ashley Gold Corp. and confirms that the sample preparation, security, and analytical procedures meet or exceed industry best practices and standard guidelines, and that the resulting assay data is considered reliable for resource modeling and exploration reporting.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program.

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

Map Citations

All scientific and technical information is sourced from the following prior public disclosures and technical reports:

Thundercloud Property (Pelham Zone) – Dynasty Gold Corp.

• Fladgate Exploration Consulting Corp., NI 43-101 Independent Technical Report, Thundercloud Property, Northwestern Ontario (effective date September 27, 2021):
  https://dynastygoldcorp.com/site/assets/files/5056/thundercloud_43-101_technical_report.pdf
• Dynasty Gold Corp. news release dated January 4, 2022:
  https://dynastygoldcorp.com/news-releases/2022/dynasty-reports-ni-43-101-compliant-gold-resource-for-thundercloud/

Mineral Resource (NI 43-101 2.2(d))

• Inferred: 4,140,000 tonnes grading 1.37 g/t Au containing 182,000 ounces of gold (0.45 g/t Au cut-off).

Goliath Gold Complex (Goliath, Goldlund & Miller) – NexGold Mining Corp.

• Mineral Resource Estimate summary (effective January 17, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_resources.pdf
• Mineral Reserve Estimate summary (effective December 31, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_reserves.pdf
• Supporting project pages:
  https://nexgold.com/overview/
  https://nexgold.com/goliath-gold-complex/
  https://nexgold.com/miller/

Mineral Resources (NI 43-101 2.2(d))

• Measured + Indicated: 67,711,000 tonnes grading 0.98 g/t Au containing 2,138,600 ounces of gold. 
• Inferred: 32,571,000 tonnes grading 0.75 g/t Au containing 782,800 ounces of gold.

Mineral Reserves (NI 43-101 2.2(d))

• Proven + Probable: 30,319,000 tonnes grading 1.30 g/t Au containing 1,267,000 ounces of gold.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

“Noah Komavli”

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

CALGARY, ALBERTA – Sept 17, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide the markets with a comprehensive business update.

Positioning: 

• 1 Phase II hole remains outstanding (TAK-26-09, 67Z undercut),
• 7 Phase III holes remain pending,
• 7 Phase IV holes planned, hole TAK-26-17 underway.

Figure 1: Possible High Grade Zone, East of the 67Z – TAK-26-16 – ~63.5m Downhole

President Noah Komavli: “Our crews are back on the ground – working towards our mission of unifying the 67Z and D99Z. Since acquiring the Tak Patents in early 2026, we have applied consistent effort, with each subsequent program being more impactful than the last. Phase IV drilling should be no exception, with true step outs east of the 67Z to test high priority IP features, ground truthed by recent prospecting.”

LiDAR Survey:

Aside from generating a digital terrain model that will upgrade how the Company plots and plans drilling, LiDAR surveys have a variety of outputs that will deepen our understanding of the terrain, including the ability to map:

1. Linear depressions or subtle scarps that mark faults, shear zones, and lineaments,
2. Changes in topographic fabric that correspond to lithological contacts or fold hinges,
3. Offsets or intersections of structures that can focus mineralizing fluids.

To keep mobilization costs low, the Company has commissioned LiDAR surveys across two projects – in combination with another regional peer; Cascade Copper Corp.

The program is designed to produce high-density canopy-penetrating LiDAR and 10 cm imagery using a helicopter-mounted Riegl VUX-240 scanner and PhaseOne iXM 100MP camera. Data are scheduled for acquisition beginning mid- to late September 2026. LiDAR products are targeted for delivery approximately six weeks after survey completion; optional orthophotos within six to eight weeks. Processing is performed in-house by Pioneer Exploration Consultants Ltd.

Core LiDAR deliverables:

• Survey technical and quality-control report describing acquisition methods and results. Relative model accuracy is expected at approximately 15 cm without surveyed ground control; ASPRS positional accuracy and Canadian Quality Level 1 (CQGL1) products can be produced if sufficient ground control is supplied or collected.
• Ground-classified, calibrated point cloud in ASPRS LAS 1.4 (LAZ) format at a raw density of approximately 40–50 points per square metre.
• Tiled digital terrain model (DTM) and digital surface model (DSM) in GeoTIFF format.

All geospatial products will be delivered in NAD83 CSRS UTM Zone 15N, CGVD2013, metres.

Figure 2: Proposed Flight Path over the Alto-Gardnar Project

Table 1: Ashley TAK – Collar Data & Hole Status

Tak Project – Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators – in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.

Figure 3: Regional Map and Area of Activity

In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones

D99Z:

In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (incl. 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “67Z” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. TAK-26-08 was the first hole collared North, intercepting two zones of visible gold, assaying 0.729 g/t Au over 38.75m (incl. 0.961 g/t Au over 27.50m, incl. 1.43 g/t Au over 17.00m, incl. 9.200 g/t Au over 0.5 m).

NTZ:

The Northern Trench Zone (“NTZ”) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. The surface expression of the vein was traced for over 300m west of the high-grade grab sample.  

Tak History

January 1940s – Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI. 

1980 – Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI. 

1998-1999 – Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI. 

2002 – Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report. 

January 6, 2026 – Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M). 

February 10, 2026 – Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes. 

March 14, 2026 – Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex. 

April 2–10, 2026 – Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions. 

April–May 2026 – Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.

May 14, 2026 – Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval. 

May 20, 2026 – Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

June 4, 2026 – Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program. True thickness is unknown.

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

Map Citations

All scientific and technical information is sourced from the following prior public disclosures and technical reports:

Thundercloud Property (Pelham Zone) – Dynasty Gold Corp.

• Fladgate Exploration Consulting Corp., NI 43-101 Independent Technical Report, Thundercloud Property, Northwestern Ontario (effective date September 27, 2021):
  https://dynastygoldcorp.com/site/assets/files/5056/thundercloud_43-101_technical_report.pdf
• Dynasty Gold Corp. news release dated January 4, 2022:
  https://dynastygoldcorp.com/news-releases/2022/dynasty-reports-ni-43-101-compliant-gold-resource-for-thundercloud/

Mineral Resource (NI 43-101 2.2(d))

• Inferred: 4,140,000 tonnes grading 1.37 g/t Au containing 182,000 ounces of gold (0.45 g/t Au cut-off).

Goliath Gold Complex (Goliath, Goldlund & Miller) – NexGold Mining Corp.

• Mineral Resource Estimate summary (effective January 17, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_resources.pdf
• Mineral Reserve Estimate summary (effective December 31, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_reserves.pdf
• Supporting project pages:
  https://nexgold.com/overview/
  https://nexgold.com/goliath-gold-complex/
  https://nexgold.com/miller/

Mineral Resources (NI 43-101 2.2(d))

• Measured + Indicated: 67,711,000 tonnes grading 0.98 g/t Au containing 2,138,600 ounces of gold. 
• Inferred: 32,571,000 tonnes grading 0.75 g/t Au containing 782,800 ounces of gold.

Mineral Reserves (NI 43-101 2.2(d))

• Proven + Probable: 30,319,000 tonnes grading 1.30 g/t Au containing 1,267,000 ounces of gold.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

“Noah Komavli”

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

CALGARY, ALBERTA – Sept 8, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide an assay update from Phase II drilling.

Positioning: 

• 1 Phase II hole remains outstanding (TAK-26-09, 67Z undercut),
• 7 Phase III holes remain pending.

Significance: 

• Highlights the presence of bleached alteration matching the high-grade domain of the 67Z near the surface, over 150m east of the 67Z, intercepting 9.560 g/t Au over 0.50 m, 30.75m downhole.
• 67Z recently assayed highs of 11.3 g/t Au over 2 intervals >1m, overall intercept was released on August 26, 2026. Cutting 0.861 g/t Au over 62.35 m From Below Collar, Including 1.111 g/t Au over 45.85 m from 4.40 m Downhole in TAK-26-07.
• First hole collared between two isolated zones, with additional targeting data gathered following the Spring melt (Phase II occurred during cover).

Next Steps:

• TAK-26-06 sets the stage for the Phase IV step-out program, where the Company will work towards extending the mineralized horizon from 67Z easterly.
• Modifying the orientation of drilling in the TAK-26-06 pad area to encapsulate recently identified trends noted on the surface.

Figure 1: High Grade Zone, Part of the Sample Assaying 9.56 g/t Au over 0.5m at 30.75m

President Noah Komavli: “Our 100% hit rate of gold values above standard industry cut-offs continues. This exploratory hole was drilled to target the depth extensions of two historically worked trenches with grab sample highs of ~3 g/t Au [Triex, 1999, Trench 4]. Ultimately, the hole was a success, highlighting a level of continuity – not just from the trenches to depth, but from the 67Z – a significant step – as we work toward unifying the Tak zones in one continuous mineralized body. Noting bleached alteration consistent with elevated gold values in the 67Z, 150m east, is a significant step forward for the Company. With a deepened understanding of the system, gained from Phase III drilling, we will follow-up on the 67Z trend North-East of our last holes. Drill plans will be finalized over the coming weeks prior to mobilization.”

CEO Darcy Christian; “This hole is our first hole between 67 and 99Z and confirms gold mineralization between the known occurrences. After spring thaw, we have located additional veins and trenches suggesting additional alteration and mineralization not reflected in this hole. Future collar locations and orientation will be optimized to accurately test the entirety of the zone.”

Final Phase II Results – TAK-26-06

TAK-26-06 was delivered to ActLabs, Dryden during the last week of July, 2026, TAK-26-09 was delivered to ActLabs early in the second week of August, 2026. These core visuals were shared to the market on August 13, 2026, with additional commentary regarding the surrounding surface exposure. 

Figure 2: TAK-26-06 – Example Mineralization (~5.00m to 30.00m)

Figure 3: TAK-26-06 – Example Mineralization (~30.00 to 60.00m)

Figure 4: TAK-26-06 – (~60.00 to 85.00m) – Example Mineralization (Right) at ~73m

Table 1: Collar Data

Table 2: TAK-26-06 – Assay Highlights

Figure 5: Plan View – Tak – Possible Strike of 67Z 

Hole_ID	Sample#	From	To	Length	Gold (ppb)
TAK-26-06	2,416,933.00	4.00	5.50	1.50	23
TAK-26-06	2,416,934.00	5.50	6.50	1.00	< 5
TAK-26-06	2,416,935.00	6.50	7.00	0.50	751
TAK-26-06	2,416,936.00	7.00	8.50	1.50	54
TAK-26-06	2,416,937.00	8.50	9.50	1.00	739
TAK-26-06	2,416,938.00	9.50	11.00	1.50	123
TAK-26-06	2,416,939.00	11.00	12.50	1.50	222
TAK-26-06	2,416,941.00	12.50	13.50	1.00	106
TAK-26-06	2,416,942.00	13.50	15.00	1.50	18
TAK-26-06	2,416,943.00	15.00	16.00	1.00	7
TAK-26-06	2,416,944.00	16.00	17.00	1.00	6
TAK-26-06	2,416,945.00	17.00	18.00	1.00	26
TAK-26-06	2,416,946.00	18.00	19.50	1.50	113
TAK-26-06	2,416,947.00	19.50	20.50	1.00	567
TAK-26-06	2,416,948.00	20.50	22.00	1.50	33
TAK-26-06	2,416,949.00	22.00	23.50	1.50	1060
TAK-26-06	2,416,951.00	23.50	25.00	1.50	90
TAK-26-06	2,416,952.00	25.00	26.50	1.50	96
TAK-26-06	2,416,953.00	26.50	27.00	0.50	2960
TAK-26-06	2,416,954.00	27.00	28.25	1.25	125
TAK-26-06	2,416,955.00	28.25	29.50	1.25	7
TAK-26-06	2,416,956.00	29.50	30.75	1.25	168
TAK-26-06	2,416,957.00	30.75	31.25	0.50	9560
TAK-26-06	2,416,958.00	31.25	32.00	0.75	751
TAK-26-06	2,416,959.00	32.00	33.50	1.50	41
TAK-26-06	2,416,961.00	33.50	35.00	1.50	17
TAK-26-06	2,416,962.00	35.00	36.50	1.50	11
TAK-26-06	2,416,963.00	36.50	38.00	1.50	12
TAK-26-06	2,416,964.00	38.00	39.50	1.50	22
TAK-26-06	2,416,965.00	39.50	41.00	1.50	54
TAK-26-06	2,416,966.00	41.00	42.50	1.50	20
TAK-26-06	2,416,967.00	42.50	44.00	1.50	26
TAK-26-06	2,416,968.00	44.00	45.50	1.50	8
TAK-26-06	2,416,969.00	45.50	46.50	1.00	9
TAK-26-06	2,416,971.00	46.50	47.00	0.50	1050
TAK-26-06	2,416,972.00	47.00	48.00	1.00	< 5
TAK-26-06	2,416,973.00	48.00	49.00	1.00	25
TAK-26-06	2,416,974.00	49.00	50.50	1.50	19
TAK-26-06	2,416,975.00	50.50	51.50	1.00	90
TAK-26-06	2,416,976.00	51.50	53.00	1.50	32
TAK-26-06	2,416,977.00	53.00	54.50	1.50	8
TAK-26-06	2,416,978.00	54.50	55.50	1.00	6
TAK-26-06	2,416,979.00	55.50	56.50	1.00	5
TAK-26-06	2,416,981.00	56.50	57.75	1.25	13
TAK-26-06	2,416,982.00	57.75	59.25	1.50	< 5
TAK-26-06	2,416,983.00	59.25	59.75	0.50	< 5
TAK-26-06	2,416,984.00	59.75	61.00	1.25	< 5
TAK-26-06	2,416,985.00	61.00	62.00	1.00	< 5
TAK-26-06	2,416,986.00	62.00	63.50	1.50	< 5
TAK-26-06	2,416,987.00	63.50	65.00	1.50	< 5
TAK-26-06	2,416,988.00	65.00	66.50	1.50	< 5
TAK-26-06	2,416,989.00	66.50	68.00	1.50	< 5
TAK-26-06	2,416,991.00	68.00	69.50	1.50	5
TAK-26-06	2,416,992.00	69.50	70.25	0.75	21
TAK-26-06	2,416,993.00	70.25	71.75	1.50	49
TAK-26-06	2,416,994.00	71.75	72.25	0.50	667
TAK-26-06	2,416,995.00	72.25	73.75	1.50	14
TAK-26-06	2,416,996.00	73.75	75.25	1.50	6
TAK-26-06	2,416,997.00	75.25	76.75	1.50	< 5
TAK-26-06	2,416,998.00	76.75	78.00	1.25	20
TAK-26-06	2,416,999.00	78.00	79.50	1.50	< 5
TAK-26-06	3,022,001.00	79.50	81.00	1.50	< 5
TAK-26-06	3,022,002.00	81.00	82.50	1.50	< 5
TAK-26-06	3,022,003.00	82.50	84.00	1.50	< 5
TAK-26-06	3,022,004.00	84.00	85.50	1.50	< 5
TAK-26-06	3,022,005.00	85.50	87.00	1.50	< 5
TAK-26-06	3,022,006.00	87.00	88.50	1.50	12
TAK-26-06	3,022,007.00	88.50	90.00	1.50	6
TAK-26-06	3,022,008.00	90.00	91.50	1.50	6
TAK-26-06	3,022,009.00	91.50	93.00	1.50	9
TAK-26-06	3,022,011.00	93.00	94.50	1.50	31
TAK-26-06	3,022,012.00	94.50	96.00	1.50	8
TAK-26-06	3,022,013.00	96.00	97.50	1.50	13
TAK-26-06	3,022,014.00	97.50	98.00	0.50	231
TAK-26-06	3,022,015.00	98.00	99.00	1.00	31
TAK-26-06	3,022,016.00	99.00	99.90	0.90	< 5
TAK-26-06	3,022,017.00	99.90	101.00	1.10	692
TAK-26-06	3,022,018.00	101.00	102.00	1.00	133
TAK-26-06	3,022,019.00	102.00	103.00	1.00	69
TAK-26-06	3,022,021.00	103.00	104.50	1.50	88
TAK-26-06	3,022,022.00	104.50	106.00	1.50	92
TAK-26-06	3,022,023.00	106.00	107.00	1.00	< 5
TAK-26-06	3,022,024.00	107.00	108.00	1.00	28
TAK-26-06	3,022,025.00	108.00	108.75	0.75	273
TAK-26-06	3,022,026.00	108.75	110.25	1.50	48
TAK-26-06	3,022,027.00	110.25	111.50	1.25	9
TAK-26-06	3,022,028.00	111.50	113.00	1.50	70
TAK-26-06	3,022,029.00	113.00	114.00	1.00	< 5
TAK-26-06	3,022,031.00	114.00	115.00	1.00	< 5
TAK-26-06	3,022,032.00	115.00	116.50	1.50	< 5
TAK-26-06	3,022,033.00	116.50	118.00	1.50	8
TAK-26-06	3,022,034.00	118.00	119.50	1.50	5
TAK-26-06	3,022,035.00	119.50	121.00	1.50	< 5
TAK-26-06	3,022,036.00	121.00	122.00	1.00	25

Table 3: TAK-26-06 Assays

Tak Project – Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermittent exploration efforts from the 1900’s, with legendary companies like Lac Minerals (Barrick) and Cominco (Teck) exploring in and around the patented ground. At least two surveys were flown, with the most detailed mapping occurring in the late 1900’s. Within the patented boundary, only 11 historic holes were ever recorded from two operators – in 1999 and 2002. After 2002, the project sat idle for 24 years until acquired by the Company.

Figure 6: Regional Map and Area of Activity

In 2026, mere weeks after acquisition, Ashley commissioned the first modern IP survey. The results highlighted a +1km resistive body, with two main chargeable units flanking the resistive body to the North. Ashley engaged 518 Drilling Ltd., deploying equipment into the patents for continued use. Guided in part from historic records and Phase 1 drilling results, three high priority zones have emerged.

Exploration Zones

D99Z:

In early 2026, a 5 hole, first phase program was successful in validating and expanding 1999 results. The zone was given the moniker “D99Z”. With the final two holes still pending from Phase 1 drilling, the surface mineralization width in the D99Z is already estimated at +80m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-02-07, intercepting 3.08 g/t Au over 7.57 m (incl. 7.0 g/t Au over 1.1 m) and 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m), respectively (Southern Rio, 2002). These intercepts were some of the best in recorded history on the Tak Patents, and the area was given the title “67Z” by Ashley. In Phase 2 drilling, Ashley deployed 3 holes on IP line 250 to target the zone and collect data on lithologies, as well as dip. TAK-26-08 was the first hole collared North, intercepting two zones of visible gold, assaying 0.729 g/t Au over 38.75m (incl. 0.961 g/t Au over 27.50m, incl. 1.43 g/t Au over 17.00m, incl. 9.200 g/t Au over 0.5 m).

NTZ:

The Northern Trench Zone (“NTZ”) comprises five trenches, up to 2m wide, 2m deep and some as long as 60m. This area has no drilling records, yet was worked vigorously, as evidenced by the scale of the trench networks. Ashley discovered a high-grade gold zone through prospecting, sampling up to 398 g/t Au. The surface expression of the vein was traced for over 300m west of the high-grade grab sample.  

Tak History

January 1940s – Long Lac Minerals (Mosher Long Lac Gold Mines Ltd.), extensive surface trenching (trenches up to 70 m long) on the Tak Grid targeting gold mineralization in quartz-feldspar porphyry (QFP); followed by 1948 magnetometer survey. MDI. 

1980 – Cominco, geological mapping, rock sampling, and magnetometer survey over the property identifying porphyry-hosted gold potential. MDI. 

1998-1999 – Triex Resources, acquired the Tak Patents; conducted prospecting, sampling, trenching (assays 1,100–29,790 ppb Au), and drilled 10 DDH (~1,558 m total), including TAK-99-10 returning 2.082 g/t Au over 31.83 m from 3.57–35.40 m (incl. 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m); outlined stockwork quartz-carbonate veining in silicified/carbonatized QFP; MDI. 

2002 – Southern Rio Resources, optioned the property from Triex and drilled 8 DDH (~1,209 m) on the Tak Grid; outlined gold mineralization over ~350 m strike length to ~100 m depth with stockwork veining, visible gold noted, and intercepts including TAK-02-06: 3.08 g/t Au over 7.57 m (plus 7.0 g/t Au over 1.1 m) and TAK-02-07: 3.18 g/t Au over 8.7 m (incl. 9.67 g/t Au over 0.8 m). Southern Rio AFRI report. 

January 6, 2026 – Ashley Gold Corp., acquired 100% ownership of the Tak Patents (part of Burnthut Project, ~100 ha patented ground adjoining NexGold Goliath-Gold Complex) via all-stock deal from for 3.5M shares; consolidates historical data showing bulk-tonnage QFP-hosted gold potential open in all directions; 5% NSR to Royal Gold Inc. (2.5% buyback for $1M). 

February 10, 2026 – Ashley Gold Corp., announced operational readiness for winter drilling campaign on Tak Patents and engagement of Abitibi Geophysics for first-ever modern OreVision IP survey to refine targets and twin historic holes. 

March 14, 2026 – Ashley Gold Corp., provided interim IP data revealing 1 km resistive trend on Tak Patents aligning with historic gold zones and abutting NexGold Goliath-Gold Complex. 

April 2–10, 2026 – Ashley Gold Corp., completed mobilization to site (drill trails, 10+ pads, rig and skidder in place) and announced crew mobilization/drilling kick-off for Phase 1 program targeting validation of historic D99Z zone and extensions. 

April–May 2026 – Ashley Gold Corp., completed Phase 1 diamond drilling (5 holes: TAK-26-01 to TAK-26-05) as twins/fans to historic holes; core logging/cutting showed strong alteration, pyrite, and quartz-carbonate veining with multiple visible mineralization examples; equipment left on site for Phase 2.

May 14, 2026 – Ashley Gold Corp., reported first Phase 1 assay (TAK-26-01): 1.104 g/t Au over 28 m from collar (incl. 1.662 g/t Au over 12 m), confirming and validating historic near-surface mineralization in D99Z zone; mineralization starts at surface with strong continuity of grade within interval. 

May 20, 2026 – Ashley Gold Corp., reported TAK-26-02 assays: multiple gold intervals including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

June 4, 2026 – Ashley Gold Corp., reported TAK-26-03 assays: multiple gold intervals including 2.347 g/t Au over 4.35 m within 156.5 m of anomalous gold mineralization, further confirming broad width and continuity of the mineralized D99Z stockwork system south of TAK-26-01.

Quality Assurance / Quality Control

The Company utilizes a drill rig recovering NQ core. All core is sealed in the field by the drill contractor and transported to the core logging facility. Core is then teched and logged by the Company geologist. Prior to geological logging and cutting, all core is systematically inspected and pieced back together until interlocked, depth measurements completed, RQD/Recovery measured, photographed dry and wet, and magnetic susceptibility measurements are taken. Sample intervals are then marked by grease pencil and flagged using ActLabs sample tags. QAQC check samples are inserted every tenth sample consisting of either a blank substrate material, OREAS gold certified standard, or a duplicate is done by quarter cutting the previous sample interval and submitting the other quarter material as the QAQC sample. All samples are cut using a wet saw and placed in pre-labelled sample bags pertaining to the sample interval. When a sample interval is complete, the assay card is added to the respective sample bag and the bag is securely sealed while the matching waterproof tag is permanently stapled into the core box at the end of the sample interval. Rice bags are labelled with the company name, submission batch number, range of sample numbers contained, total number of samples, and rice bag number and range. The secured sample bags are then placed into the rice bags pertaining to the range labelled on the rice bag and then securely fastened with zip ties. Rice bags are stored in a secured shipping container until Company contractors transport completed holes to ActLabs in Dryden, ON for 1A2 Au fire assay.

A sample size of 5 to 50 grams can be used but the routine size is 30 g for rock pulps, soils, or sediments (exploration samples). The sample is mixed with fire assay fluxes (borax, soda ash, silica, litharge) and with Ag added as a collector and the mixture is placed in a fire clay crucible. The mixture is then preheated at 850°C, intermediate 950°C and finish 1060°C with the entire fusion process lasting 60 minutes. The crucibles are then removed from the assay furnace and the molten slag (lighter material) is carefully poured from the crucible into a mould, leaving a lead button at the base of the mould. The lead button is then placed in a preheated cupel which absorbs the lead when cupelled at 950°C to recover the Ag (doré bead) + Au. overlimits are run under 1A3 with gravimetric finish.

All geological samples from the drilling program were subjected to a rigorous QA/QC program under the supervision of the designated Qualified Person (QP). Samples were securely transported from the project site in sealed bags directly to the Activation Laboratories (ActLabs) facility for preparation and analysis.

Analytical Procedures

• Primary Gold Analysis (Code 1A2): All samples were pulverized and analyzed for gold content using Actlabs method Code 1A2. This procedure utilizes a standard lead-collection Fire Assay (FA) on a 30-gram sample charge, followed by digestion and an Atomic Absorption Spectrometry (AAS) finish. The lower detection limit for this method is 5 ppb.
• Over-Limit Check Analysis (Code 1A3): For any sample returning a gold value exceeding 5.0 g/t Au under the Code 1A2 method, an automatic over-limit check was triggered. These high-grade samples were re-assayed via Actlabs method Code 1A3, utilizing a lead-collection Fire Assay followed by a direct Gravimetric (GRA) finish on a separate 30-gram charge to ensure absolute analytical accuracy for ore-grade mineralization.

Laboratory Accreditation & Quality Monitoring

Actlabs is an independent commercial laboratory accredited to ISO/IEC 17025 standards. In addition to the laboratory’s internal QA/QC protocols (including systematically inserted blanks, duplicate samples, and certified reference materials), Ashley Gold Corp. strictly implemented its own independent QA/QC program. This included the regular insertion of certified reference standards (CRMs), field duplicates, and coarse blanks into the sample stream to independently monitor and verify laboratory precision and accuracy.

The QP has reviewed the QA/QC data from Ashley Gold Corp. and confirms that the sample preparation, security, and analytical procedures meet or exceed industry best practices and standard guidelines, and that the resulting assay data is considered reliable for resource modeling and exploration reporting.

NI 43-101 Disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project’s potential and are relevant for any future exploration program. True thickness is unknown.

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

Map Citations

All scientific and technical information is sourced from the following prior public disclosures and technical reports:

Thundercloud Property (Pelham Zone) – Dynasty Gold Corp.

• Fladgate Exploration Consulting Corp., NI 43-101 Independent Technical Report, Thundercloud Property, Northwestern Ontario (effective date September 27, 2021):
  https://dynastygoldcorp.com/site/assets/files/5056/thundercloud_43-101_technical_report.pdf
• Dynasty Gold Corp. news release dated January 4, 2022:
  https://dynastygoldcorp.com/news-releases/2022/dynasty-reports-ni-43-101-compliant-gold-resource-for-thundercloud/

Mineral Resource (NI 43-101 2.2(d))

• Inferred: 4,140,000 tonnes grading 1.37 g/t Au containing 182,000 ounces of gold (0.45 g/t Au cut-off).

Goliath Gold Complex (Goliath, Goldlund & Miller) – NexGold Mining Corp.

• Mineral Resource Estimate summary (effective January 17, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_resources.pdf
• Mineral Reserve Estimate summary (effective December 31, 2022):
  https://nexgold.com/wp-content/uploads/2024/07/mineral_reserves.pdf
• Supporting project pages:
  https://nexgold.com/overview/
  https://nexgold.com/goliath-gold-complex/
  https://nexgold.com/miller/

Mineral Resources (NI 43-101 2.2(d))

• Measured + Indicated: 67,711,000 tonnes grading 0.98 g/t Au containing 2,138,600 ounces of gold. 
• Inferred: 32,571,000 tonnes grading 0.75 g/t Au containing 782,800 ounces of gold.

Mineral Reserves (NI 43-101 2.2(d))

• Proven + Probable: 30,319,000 tonnes grading 1.30 g/t Au containing 1,267,000 ounces of gold.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

“Noah Komavli”

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”