Ashley Gold Corp. Announces Mobilization of Rodren Drilling Ltd. to the 100% Owned Howie Project, Dryden, ON

Executive Summary

• Ashley Gold Corp. has contracted Rodren Drilling Ltd. to commence the maiden Howie drill program, with the first hole expected to start on the afternoon of December 9, 2025.
• The company recently closed the first tranche of a non‑brokered private placement, raising $265,237.56 CAD, and anticipates closing a second tranche in the week of December 15, 2025, targeting up to $530,000 CAD total proceeds for exploration on its Ontario and British Columbia gold properties.
• Historical work (1987 Esso core, 2025 surface sampling) identified high‑grade gold zones; the new drill program will test a “Twilight‑Gap Zone” defined by coincident chargeability and resistivity anomalies, with up to 550 m of planned drilling.

Key Details

• Drill Contractor: Rodren Drilling Ltd. (maiden Howie drill program).
• Field Preparation: Trail‑brushing crew cleared existing trail to proposed pad locations; drill rig expected on site December 9, 2025.
• First Hole: Planned to start in the afternoon of release date.
• Target Zone: “Twilight‑Gap Zone” – area of coincident chargeability and resistivity with highest gold index from 2024 IP survey data (results received 2025).
• Planned Meterage: Up to 550 m of oriented core drilling, described as low‑cost and capital‑effective.

Historical Results Referenced

• May 2025 – Katisha Zone: Channel cut assay up to 20.2 g/t Au over 0.8 m.
• September 2025 – Twilight Zone: Weighted average 0.624 g/t Au over 22.9 m.
• October 2025 – Historic Esso Core (1987): Assay 0.33 g/t Au over 25.74 m near Twilight Zone.

Financing Terms & Use of Proceeds

• Offering Date: November 13, 2025 (non‑brokered private placement).
• Units Offered:
• Non‑Flow‑Through (NFT) Unit: $0.075 per unit; each unit = 1 common share + ½ warrant; full warrant exercisable for 1 non‑flow‑through common share at $0.12, 24‑month term.
• Flow‑Through (FT) Unit: $0.095 per unit; same composition, warrant exercise price $0.15.
• First Tranche Closed: November 27, 2025 – gross proceeds $265,237.56 CAD.
• Second Tranche Target: Up to $530,000 CAD total (including first tranche); anticipated closing week of December 15, 2025.
• Use of Proceeds: Advance exploration on Ontario and British Columbia gold properties; general working capital.

Shareholder & Dealer Exemptions

• Offering limited to existing shareholders (max $15,000 investment/12‑month period unless advised by a registered dealer).
• Additional subscriptions via investment‑dealer exemption; all securities subject to four‑month hold period post‑closing.

Notable Quotes

“By taking a measured approach to exploration and capital allocations, Ashley has prepared for these exciting activities… The historic work completed in the 1980’s misses main IP targets… This is very promising for us, and suggests that Esso Minerals was on the right track.” – President Noah Komavli

All technical information reviewed by Darcy Christian, CEO, P.Geo., Qualified Person under NI 43‑101.