Author: Office Admin

CALGARY, ALBERTA – June 25, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide a comprehensive update in regards to ongoing activities.

Highlights:

• 31 grab samples from initial prospecting received, the Northern Trench Zone (“NTZ”) returns highest assay in Tak history and Company history,
• Received completed IP report – highlighting a secondary resistive trend extending east into the Wedge Zone, mining claims held by Ashley Gold with 0% NSR.
• Active prospecting North West of the 67Z completed, 39 new samples pending.

Figure 1: Regional Map and Area of Activity

President Noah Komavli on the 398 g/t Au grab sample:

”The Northern Trench Zone is an area with no historic drilling, yet was subject to deep, long trenches being dug by the old timers. These trenches pre-date the work by prior operators, including Cominco and Triex. Since no work was done in proximity to the slumped in trenches, all past operators have failed to recognize potential that the old timers likely discovered. On this line, the IP report highlights a strong gold index coinciding with a very strong chargeability response. So far, resistive rock has been the target of our exploration drilling. Phase 3 drilling will prioritize step outs and one or more NTZ holes, as previously disclosed.”

CEO Darcy Christian on the IP report: 

“The finalized IP report highlights trends continuing into both flanks of the Tak Patents. In the east, this extends onto Ashley’s mining claims, into the historically worked trenches known as the Wedge Zone. As well, multiple zones trend West into the NexGold, Goliath-Gold Complex mining claims. We have yet to drill in the areas recommended in the IP report, with our Phase 1 and Phase 2 programs active around lines 500 and 250, respectively. With significant gold results already returned in D99Z, we look forward to submitting the recent core from the 67Z.”

Table 1: Grab Sample Assay Results

Figure 2: 67Z Phase 2 Drilling and NTZ Proposed Phase 3 Drilling (Area of Grab Samples)

Figure 3: Grab Sample Map

NTZ Sample Pictures

The sample imagery was provided in an update issued by the Company on June 3, 2026. 

Exploration around the Northern Trench Zone (“NTZ”) has revealed compelling features, with interesting example mineralization – including a brecciated quartz vein carrying sulphides. 

Figure 4: Sample 340170 – Assaying 43.9 g/t Au

Figure 5: 340171 – Assaying 9.180 g/t Au – Brecciated Quartz Vein

Figure 6: Prospector Will Kuran, Sampling the NTZ

Figure 7: Samples from the Brecciated Quartz Vein (NTZ)

Figure 8: 340168 – Assaying 1.310 g/t Au – Wall Rock of NTZ, from Trench of High Grade Grabs

Figure 9: 340165 – Assaying 0.247 g/t Au – Wall Rock of the NTZ 

IP Report

Figure 10: IP Map and Suggested Priorities

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.

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 100m.

67Z:

Two holes carried out in 2002 included TAK-02-06 and TAK-26-07, intercepting 3.08 g/t Au over 7.57 m (plus 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.

NTZ:

The Northern Trench Zone (“NTZ”) comprises numerous 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 has discovered a new high grade zone through prospecting, assaying a high of 398 g/t Au. Phase 3 drilling will allocate some meterage to test these zones with no historic drill records.   

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 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 prepared and/or reviewed by Darcy Christian, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-arms length of the company and serves as Director and CEO.

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.

Management cautions that grab samples are selective in nature and are not representative of the property in its entirety or indicative of any grade overall. Visual identification of minerals does not guarantee economic grades.

Quality Assurance / Quality Control 

All samples were collected in the field using a hammer and chisel. Locations were obtained using a handheld GPS with samples placed in pre-labelled sample bags. Samples were securely transported by field staff to ActLabs in Dryden, ON for 1A3 Au fire assay. Samples are dried and pulverized with subsequent random sample size of 5 to 50 grams. 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. Au is separated from the Ag in the doré bead by parting with nitric acid. The resulting gold flake is annealed using a torch.  The gold flake remaining is weighed gravimetrically on a microbalance. 

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focussed 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 100% ownership in Burnthut (and the Tak Patents), Howie, Alto-Gardnar claims. In British Columbia, the Company has optioned out the Icefield Portfolio, which includes 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 – June 23, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to share final assay results from the recently completed Phase 1 drill program on its wholly owned Tak Patents.

Highlights:

• TAK-26-04: 0.996 g/t Au over 16.00 m including 1.505 g/t Au over 10.25 m near surface, within 118.23 m of anomalous gold values, terminating 3 m after intercepting 3.61 g/t Au over 0.3 m.
• TAK-26-05: 7.39 g/t Au over 0.5 m, 8.00 m downhole. As well as 0.426 g/t Au over 15.00 m including 0.738 g/t over 6.00 m.

Updates: 

• Management heading to site, active prospecting based on IP, field updates to follow.

• Phase 2 logging and cutting ongoing, for a total of four holes pending from 67Z.
• 32 grab sample assays remain pending from prospecting along strike and in the NTZ.

Figure 1: Regional Map and Area of Activity

President Noah Komavli:

“The Company has intercepted gold values in all holes drilled on the Tak to date, with near surface, bulk tonnage gold values being the standout theme. As we progress with more advanced targeting based on our field and IP results, I look forward to working towards discovery and expansion of these known zones in this underexplored, yet highly promising area of the belt.”

CEO Darcy Christian:

“This was a great first drill program on the Tak for Ashley.  I am pleased to see the width potential of the D99Z developing to over 100m and will be interested in seeing the results of Phase II as we begin to test the strike potential of the larger shallow system.”

Project Map

Figure 2: D99Z Cross Section

Figure 3: D99Z Cross Section

Core Images

Figure 4: Top Section of TAK-26-04 – Example Mineralization in Halved Core 

Figure 5: Sulphide Mineralization Apparent in Top of TAK-26-04 

Figure 6: Pyrite Veinlet in Altered QFP

Phase 1 Program Discussion

Table 1: Drilling Location Data

TAK-26-01 was an eastern step out and undercut of the historic TAK-99-01 hole. This hole assayed 1.104 g/t Au over 28.2 m, leading to the moniker “Double 9 Zone” or D99Z, highlighting the 1999 drilling discovery of the gold bearing zone at surface.

TAK-26-02 was designed as an eastern fan from TAK-02-02. The results display gold mineralization starting at the drill hole collar, with a significant result of 0.586 g/t Au over 34.2 m. The entire hole returned anomalous gold values, with three distinct zones. This was the deepest hole ever drilled on the property and terminated in a wide, low grade zone of gold. Towards termination, both TAK-26-02 and TAK-26-03 intercepted pervasive green sericite-chlorite alteration, brecciation, and quartz veining accompanied by an increased sulphide content – all of which likely point to an increase in hydrothermal interaction.

TAK-26-03 fanned west from the same pad as TAK-26-02, intercepting anomalous grades from start to finish; 0.22 g/t Au over 156.5 m, including 0.580 g/t Au over 12.65 m within 0.332 g/t Au over 28.65 m.  

TAK-26-04 drilled North from the TAK-99-10 collar location. Intercepting 1.505 g/t Au over 10.25 m near surface, within 0.996 g/t Au over 16.00 m from collar, in 118.23 m of anomalous gold values.

TAK-26-05 was the farthest easterly hole at depth, intercepting 0.319 g/t Au over 36.65 m from the collar, including 0.426 g/t Au over 15.00 m and 0.738 g/t Au over 6.00 m. 

Table 2: Summary of Phase 1 Drilling Results

TAK-26-04 and TAK-26-05 Assays

Table 3: Assay Results

Phase 1&2 – Next Steps

Phase 2 logging and cutting is ongoing.

QA/QC

The Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Drill core was boxed, covered and sealed at the drill rig site. Core boxes were labelled with the official drillhole name and identified in numerical sequence starting from beginning of the hole to the end. Wooden blocks with the corresponding down hole meterage were inserted after every drill run by the drill contractor. Drill core boxes were transported by contactors to the onsite logging facility where Company personnel took over the core handling.

All drilling at the Tak project recovers NQ core. Drill core is systematically cut in half using a diamond saw. A qualified geologist examines the intact drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a maximum of 1.5 meters or a minimum length of 0.3 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.

Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a representative sample, while the other half is submitted for analysis. Individual sample bags are labelled, tagged, and securely sealed – being then placed into rice bags, which are clearly marked with their contents. Each rice bag tends to hold 10 sample bags and is then sealed at capacity. The Company submits samples for gold determination by fire assay to ActLabs – Dryden. (“ActLabs”). 

Samples were securely couriered to ActLabs in Dryden, ON by Company management and Company representatives for 1A2 Au fire assay. Samples are dried and pulverized with subsequent sample size of 5 to 50 grams. 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 finished at 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. Au is separated from the Ag in the doré bead by parting with nitric acid. The resulting gold flake is annealed using a torch.  The gold flake remaining is weighed gravimetrically on a microbalance.

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.

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Darcy Christian, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-arms length of the company and serves as Director and CEO.

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.

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 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 (currently out under option).

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 – June 10, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has launched a financing for gross proceeds of up to $420,000 (the “Offering”) 

Flow-through funds are expected to be used for eligible exploration expenses, including drilling at the company’s permitted projects and will be renounced by the company December 31, 2026.

President Noah Komavli; “With equipment in position on the Tak and recent drilling highlighting some of the best visual mineralization we have seen thus far, we are opening this modest financing to ensure we can keep up our forward momentum. We expect a quick close with open interest of $300,000 reflected.”

The Offering will consist of a Critical Metal Flow-Through (CFT) common share at an issue price of $0.06 per common share. The Offering is being made by way of private placement in Canada and such other jurisdictions as the Company may determine.  The Company intends to renounce the Qualifying Expenditures to subscribers of CFT common shares for the fiscal year ended December 31, 2026 and to incur the necessary Qualifying Expenditures on or before December 31, 2026, in accordance with regulatory requirements.

In connection with the issue and sale of the Units under the Offering, the Company may pay finder fees and finder warrants to eligible finders at the discretion of the Board of Directors.

THE EXISTING SHAREHOLDER EXEMPTION AND INVESTMENT DEALER EXEMPTION

The Offering will be made available to existing shareholders of the Company who, as of the close of business on June 9, 2026, held common shares of the Company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 — Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders and in similar instruments in other jurisdictions in Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the existing shareholder exemption exceeding the maximum amount of the financing, the Company intends to adjust the subscriptions received on a pro rata basis.

The Company has also made the Offering available to certain subscribers pursuant to B.C. Instrument 45-536 – Exemption Form Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance with the requirements of the investment dealer exemption, the Company confirms that there is no material fact or material change about the Company that has not been generally disclosed.

The Offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Darcy Christian, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-arms length of the company and serves as Director and CEO.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focussed 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 100% ownership in Burnthut (and the Tak Patents), Howie, Alto-Gardnar claims. In British Columbia, the Company has optioned out the Icefield Portfolio, which includes 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. Project timelines are highly dependent on future financing. 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 – June 4, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to share an additional assay result from the recently completed Phase 1 drill program on its wholly owned Tak Patents.

Highlights:

• 0.220 g/t Au over 156.50m (Entire Hole),
• Including; 0.332 g/t Au over 28.65m from collar (4.5 – 33.15m) and 0.580 g/t Au over 12.65m (22.50 – 33.15m), and;
• 0.749 g/t Au over 18.00m (92.0 – 110.0m) and 2.347 g/t Au over 4.35m (92.0 – 96.35m).

Updates: 

• Phase 2 drilling ongoing, three holes completed and the fourth collared this morning.

Figure 1: Regional Map and Area of Activity

President Noah Komavli:

“TAK-26-03 continues to show elevated gold values throughout much of the core length, confirming the results from TAK-26-02 that expanded the southern width of the recently identified D99Z zone.”

CEO Darcy Christian:

“The pervasive gold mineralization throughout the last few holes continues to indicate a large-scale hydrothermal system.  We are just beginning to scratch the surface of understanding the nature of the Tak, and I continue to be surprised with its potential.” 

Project Map

Figure 2: D99Z Cross Section

Figure 3: D99Z Cross Section

Core Images

Figure 4: TAK-26-03 – Chalcopyrite Mineralization and Pyrite-Magnetite Veinlet Running Parallel to Core Axis

Figure 5: TAK-26-03 – Potassic Altered QFP, Hydrothermal Pyrite Veinlets

Figure 6: TAK-26-03 – Chalcopyrite and Pyrite Mineralization in Veinlets in Altered QFP

Figure 7: TAK-26-03 – Chalcopyrite, Pyrite and Magnetite Mineralization in Altered QFP

Figure 8: TAK-26-03 – Chalcopyrite and Hydrothermal Pyrite Mineralization

Phase 1 Program Discussion

Table 1: Drilling Location Data

TAK-26-01 was an eastern step out and undercut of the historic TAK-99-01 hole. This hole assayed 1.104 g/t Au over 28.2 m, leading to the moniker “Double 9 Zone” or D99Z, highlighting the 1999 discovery of the gold bearing zone at surface.

TAK-26-02 was designed as an eastern fan from TAK-02-02. The results display gold mineralization starting at the drill hole collar, with a significant result of 0.586 g/t Au over 34.2 m. The entire hole returned anomalous gold values, with three distinct zones. 

TAK-26-03 fanned west from the same pad as TAK-26-02. 

TAK-26-04 and TAK-26-05 remain pending.

Table 2: Assay Results

Phase 1&2 – Next Steps

Phase 1 drilling focused on validating the historic holes drilled in 1999, as core is unavailable. Core from 2002 may have been cut to quarters in some sections, and therefore spacing of holes in Phase 1 drilling was planned to validate as much data as possible between 2002 and 1999 holes. TAK-26-02 and TAK-26-03 are the deepest holes drilled on the property to date, and mineralization present in the bottom of the holes displayed pervasive green sericite-chlorite alteration, brecciation, and quartz veining accompanied by an increased sulphide content, all of which could potentially indicate a higher degree of interaction with hydrothermal fluids.

Phase 2 is ongoing, with drilling focused on the 67Z.

QA/QC

The Company adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Drill core was boxed, covered and sealed at the drill rig site. Core boxes were labelled with the official drillhole name and identified in numerical sequence starting from beginning of the hole to the end. Wooden blocks with the corresponding down hole meterage were inserted after every drill run by the drill contractor. Drill core boxes were transported by contactors to the onsite logging facility where Company personnel took over the core handling.

All drilling at the Tak project recovers NQ core. Drill core is systematically cut in half using a diamond saw. A qualified geologist examines the intact drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a maximum of 1.5 meters or a minimum length of 0.3 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.

Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a representative sample, while the other half is submitted for analysis. Individual sample bags are labelled, tagged, and securely sealed – being then placed into rice bags, which are clearly marked with their contents. Each rice bag tends to hold 10 sample bags and is then sealed at capacity. The Company submits samples for gold determination by fire assay to ActLabs – Dryden. (“ActLabs”). 

Samples were securely couriered to ActLabs in Dryden, ON by Company management and Company representatives for 1A2 Au fire assay. Samples are dried and pulverized with subsequent sample size of 5 to 50 grams. 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 finished at 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. Au is separated from the Ag in the doré bead by parting with nitric acid. The resulting gold flake is annealed using a torch.  The gold flake remaining is weighed gravimetrically on a microbalance.

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.

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Darcy Christian, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-arms length of the company and serves as Director and CEO.

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.

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 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 – June 3, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to provide a status update in regards to ongoing activities.

Highlights:

• Three holes from Phase 1 remain pending, with assays expected shortly,
• Two holes of Phase 2 program completed,
• Located undocumented outcrop south of the 67Z, proposed hole planned,
• Thirty-two samples from prospecting submitted to ActLabs Dryden for fire assay.

Figure 1: Regional Map and Area of Activity

President Noah Komavli:

“The final assays of our Phase 1 program are expected in short order, with prospecting along historically worked trenches revealing strong potential outside of the main resistive trend currently being drilled. It is important to note that there is no record of these trenches ever being drill tested. With that in mind, the North Trench Zone (“NTZ”) is emerging as a potential shear associated structure running parallel to the resistive body on the North side of main chargeability anomaly. Grab sample assays will determine drilling allocations in the near future. Additionally, a LIDAR survey is being considered to highlight any features that remain under cover and simultaneously produce a highly accurate digital elevation model (DEM). The trenches in the NTZ are up to 2 m deep in some locations, 60 m long and up to 2 m wide. This impressive scale showcases the lengths that prior operators in 1940 and 1980 were willing to go to assess the structures on the Tak.”

Phase 2 – TAK-26-06

The first hole of the Phase 2 program was collared between the 99Z and 67Z zones, targeting historic trenches 18 and 19 at depth. The hole reached its planned depth of 122 m and was successful in intercepting target mineralization. Further updates will be provided when core logging and cutting for Phase 2 begins.  

Figure 2: TAK-26-06 – Potassic Alteration with Sulphides, encountered at 23 m

Figure 3: TAK-26-06 – Stockworks Zone in QFP, encountered at 98 m

Drill Planning and Prospecting Update

Figure 4: 67Z – IP Line 250 – Overall Gold Index with Completed, In Progress, and Proposed Holes, Looking West

Prospecting south of the 67Z has uncovered an outcrop that was undocumented in the historic Tak maps. With current drilling focused in the area, the Company has proposed a third hole on IP line 250, backing away 75 meters to the South and drilling North. This planned hole has the ability to test recently identified surface mineralization as well as the width and depth of the 67Z – coinciding with a strong gold index. As previously stated, drill plans remain subject to a variety of conditions, including assays from Phase 1, visual indicators from Phase 2, as well as active prospecting. 

Figure 5: South of 67Z – Example

Figure 6: South of 67Z – Example

Figure 7: South of 67Z – Example

Figure 8: South of 67Z – Example

Exploration around the Northern Trench Zone (“NTZ”) has revealed compelling features, with interesting example mineralization. 32 samples have been collected and submitted to ActLabs Dryden for fire assay. 

Figure 9: Grab Sample Map

Figure 10: Vein Structure Identified

Figure 11: Vein in the NTZ Shear, Brecciated Quartz Vein

Figure 12: Operations Manager Will Kuran, Prospecting the Brecciated Quartz Vein (NTZ)

Figure 13: Samples from the Brecciated Quartz Vein (NTZ)

Figure 14: Samples of the Wall Rock in the NTZ

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.

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.

*Management cautions that core visuals and grab samples are selective in nature to begin with and are not representative of the hole or property in its entirety or indicative of any grade overall. Assay results are pending and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.

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 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 – May 26, 2026 – Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to share an update in regards to its Phase 2 drilling activities on the wholly owned Tak Patents.

Highlights:

• Drilling crew has mobilized for Phase 2 program, targeting 67Z and step outs,
• Active field work occurring in advance and simultaneously, prospecting beyond known zones and ground truthing IP study features.

Pending Assays:

• 3 holes from Phase 1 program remain pending.

Figure 1: Regional Map and Area of Activity

President Noah Komavli: “Ashley enters the summer field season with momentum, kicking off our second drill program on the Tak. In parallel and ahead of drilling, prospecting activities have begun, with assay results to be shared once received. So far, the selective grabs returned echo my sentiment of only scratching the surface of these claims. The data being generated from drilling and prospecting will serve to broaden our understanding of the Tak QFP. Phase 2 drilling is picking up in an area of significant historic results with only two holes ever drilled, results include 3.18 g/t Au over 8.7 metres, starting at 27.7 m (Southern Rio, 2002).”

Prospecting

Ground truthing resistive and chargeable targets, with a coinciding high gold index provided by the IP survey pseudosections have correlated strongly to early field findings. Including; 

• Historically worked trenches, numeric identifiers 18/19 (Cominco, 1980),
• Multiple quartz stockwork zones.

Current prospecting is focused between the 99Z and 67Z, in final preparation for drilling between the two zones to test the IP model as part of the forthcoming Phase 2 program. 

Figure 2: Sulphide Mineralization in Quartz

Figure 3: Sulphide Mineralization in Quartz Feldspar Porphyry

Figure 4: Example Mineralization – Quartz Veining and Sulphides

Figure 5: Sulphide Mineralization in Quartz Feldspar Porphyry 

Figure 6: Example Quartz Stockworks Float

Phase 2 Planning

Ashley’s initial planning in is as follows:

• TAK-26-06: exploratory hole ~150m east of the 67Z for possible strike extent, drilling underneath high priority stockworks zones identified during prospecting (Trench 18/19, Cominco, 1980),

• TAK-26-07: 60 degree twin of the 67Z, with the dual purpose of validating the assays and confirming the dip of the zone (Figure 7, below),
• TAK-26-08: Exploratory hole north along the gold index anomaly, into chargeability high, provided by the output of the induced polarization study (Figure 7, below),
• TAK-26-09: Step west to the next pad area for another test of the 67Z strike.

Figure 7: Output from IP Survey – Resistivity Isoshell is 20,000 ohm-m (Left) and the Chargeability Isoshell is at 30ms (Right) – Pseudosection of Line 250 (67Z) showing the Gold Index Values (Background – with hotter colors being more prospective for Au) 

Initial plans are subject to change based on a variety of factors, including, but not limited to, observations from the field during drilling and prospecting, receipt of finalized IP report, as well as pending results from Phase 1 holes. 

The 67 Zone (“67Z”) was identified by a geophysical anomaly and followed up by drilling a two hole scissor in 2002 (Southern Rio). The property then sat idle for 24 years until Ashley’s acquisition in 2026.

TAK-02-06 returned an intersection from 27.27 to 35.30 m that assayed 3.08 g/t Au over 7.57 metres; however, this included an assay of 13.l g/t over 0.75 m that could not be repeated despite 9 re-assays, again indicating the nugget effect of the gold mineralization. The hole also returned an assay of 7.0 g/t Au over 1.1 from 81.3 to 82.4 m within a breccia zone with quartz-carb infilling and 1-2% pyrite. (Southern Rio, 2002)

TAK-02-07 returned an intersection from 27.70 to 36.40 m that assayed 3.18 g/t Au over 8.7 metres; this includes 8.62 g/t Au over 0.5 m from 27.70 to 28.20 m, 9.67 g/t Au over 0.8 m from 29.45 to 30.25 m, and 7.57 g/t Au over l .4 m from 35.00 to 36.40 m. (Southern Rio, 2002) 

Figure 8: Phase 2 Drilling Location

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.

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.

*Management cautions that grab sample visuals are selective in nature. Assay results are pending and visual identification of minerals does not guarantee economic grades.

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 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.”