Ashley Gold Corp. Launches $530,000 Flow-Through and Non-Flow-Through Financing for Permitted Winter Drill Program

Executive Summary

• Ashley Gold Corp. launched a non‑brokered private placement to raise up to $530,000 CAD through NFT and FT units.
• Proceeds will fund corporate G&A and exploration activities on its Ontario and British Columbia gold projects, including planned 1,500–2,000 m of diamond drilling at Howie, Burnthut, and Alto‑Gardnar.
• The release provides extensive project histories and recent high‑grade assay highlights (e.g., 130 g/t Au over 1.0 m at Alto‑Gardnar).

Key Details

• Financing Structure
• 2 million NFT units @ $0.075 each – each unit = 1 common share + ½ warrant; whole warrant exercisable at $0.12 for 24 months.
• 4 million FT units @ $0.095 each – each unit = 1 flow‑through share + ½ warrant; whole warrant exercisable at $0.15 for 24 months.
• Gross Proceeds: Up to $530,000 CAD (hard‑dollar).
• Use of Proceeds
• Corporate G&A costs.
• Exploration expenses: drilling, permitting, and related field work on Howie, Burnthut, Alto‑Gardnar.
• FT funds earmarked for eligible exploration expenses; will be renounced by Dec 31 2025.
• Management Participation: Expected from company executives.
• Exploration Priorities (Winter program)
• Alto‑Gardnar: High‑grade channel sample – 130 g/t Au over 1.0 m; target for depth testing.
• Burnthut: Stacked alteration near VLF anomaly, low‑grade gold; historic higher‑grade zones identified.
• Howie: Shallow, broad mineralization along West‑East trend south of Twilight zone; historic core assays up to 52.80 g/t Au.
• Drilling Plan: Estimate of 1,500–2,000 m total drilling across permitted projects, split among high‑priority targets.
• Regulatory & Offering Terms
• Non‑brokered private placement; existing shareholder exemption (max $15,000 per investor/12 mo unless advised).
• Potential finder fees/warrants at board discretion.
• Four‑month hold period on issued securities post‑closing; subject to CSE approval and other regulatory requirements.
• Project Histories – Detailed timelines for Howie (1970s–2025) and Alto‑Gardnar (1937–2024) including historic drilling, sampling, and recent discoveries.
• Qualified Person: Darcy Christian, P.Geo., CEO, reviewed technical information per NI 43‑101.

Notable Quotes

“With the gold market experiencing significant tailwinds, we have launched this modest equity raise to follow up on our recently announced assays with diamond drilling.” – President Noah Komavli

“Our recent channel sampling at Alto‑Gardnar uncovered high‑grade, coarse gold (130 g/t Au over 1.0 m). Stepping back and testing this at depth will be a priority.” – President Noah Komavli