Ashley Gold Corp. Provides BC Update - Posts Bond for Gold Mountain Project

Executive Summary

• Ashley Gold Corp. announced that it has posted the required reclamation bond for its Gold Mountain polymetallic project in British Columbia, moving a key step forward in the permitting process.
• The release highlights historic high‑grade drill intercepts and recent sampling results that demonstrate significant gold, silver, copper, lead, zinc and antimony mineralization at the North and South showings of the property.
• A detailed overview of the BC permitting workflow was provided, outlining next steps toward obtaining a Notice of Work (NoW) approval and eventual mine‑plan submission.

Key Details

• Bond Posting: Reclamation security bond posted as required under British Columbia’s Mines Act s. 10(4); amount determined by the Regional Reclamation Bond Calculator based on site‑specific disturbance estimates.
• Project Overview – Gold Mountain (BC):
• Four claims covering ~1,863 ha located ≈50 km NW of Golden, BC.
• North Showing historic grab sample: 4.87 g/t Au, 710 g/t Ag, 1.89 % Cu (Allen, 1982).
• South Showing historic grab sample: 30.3 g/t Au, 13,301 g/t Ag, 32.54 % Cu (Allen, 1982).
• Historical Drilling (1984 – Parr):
• Drillhole A: 4.14 m interval – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5 % Cu, 8.74 % Pb.
• Drillhole B: 4.85 m interval – 29.99 g/t Au, 6,711.3 g/t Ag, 11.0 % Cu, 14.53 % Pb.
• Recent Exploration (2020‑2021):
• Five samples returned 1,000–6,670 g/t Ag.
• Eight samples returned 1,260–8,220 ppm Sb.
• Permit Process Overview (BC):
• Pre‑application steps: claim registration, First Nations engagement, mine‑plan and reclamation plan preparation.
• Submission of Notice of Work (NoW) via FrontCounterBC/MineSpace; options for site‑specific or Multi‑Year Area‑Based permits.
• Government review includes technical compliance, agency referrals, First Nations consultation, and calculation of reclamation security.
• After bond posting, the permit can be issued pending successful review; work may commence thereafter.
• Qualified Person: Darcy Christian, P.Geo., Director & CEO, reviewed and prepared the technical information per NI 43‑101 standards.
• Forward‑Looking Statements: The company notes that project timelines depend on future financing and other risk factors disclosed in its SEDAR filings.

Notable Quotes

• President Noah Komavli: “Ashley has reached one of the final steps in the permitting process for our Gold Mountain polymetallic project… with a focus on value creation for the company and shareholders.”