Ashley Gold Corp. Submits TAK-26-03 for Fire Assay, Shares Example Mineralization

• Ashley Gold Corp. concluded Phase 1 diamond drilling on the 100% owned Tak Patents in Dryden Area, Ontario.
• Five drill holes were completed during the program with core logging and cutting progressing at anticipated rates.
• Visual observations indicate increasing sulphide content and chalcopyrite at depth in holes TAK-26-02 and TAK-26-03.
• Hole 2 represents the deepest hole drilled in Phase 1 and in the history of the property.
• Assay results for holes TAK-26-01, TAK-26-02, and TAK-26-03 are currently pending submission to ActLabs Dryden.
• Samples from TAK-26-03 were completed on May 4, 2026, and delivered to the laboratory.

• The news confirms execution of the announced Phase 1 drilling program which was funded by previous financings in late 2025 and early 2026.
• Visual mineralization (sulphides/chalcopyrite) is positive but does not confirm grade; assay results are required to validate economic potential.
• The completion of Phase 1 without major delays or cost overruns suggests operational competence, reducing execution risk slightly.
• No material financial impact as no new capital was raised or asset sold in this specific release; proceeds from Tabor-Sakoose disposition ($475k) were received in April.
• Market expectations for drilling progress are already priced in given the mobilization announcements in January and February 2026.

• Company: Ashley Gold Corp., a junior exploration company focused on gold properties in Ontario and British Columbia.
• Flagship Project: Tak Patents (Burnthut Property), 100% owned, located in Dryden Area, Northwestern Ontario.
• Project Scope: ~1,900 ha total area; hosts a quartz-feldspar porphyry body with stockwork gold mineralization.
• Historic Mineralization: Historic hole TAK-99-10 returned 2.08 g/t Au over 31.8 m; recent drilling aims to test depth extensions and porphyry extensions.
• Other Projects: Howie Project (bordering Dynasty Gold), Alto-Gardnar Project (high-grade channel samples up to 130 g/t Au), Gold Mountain BC (polymetallic).