Ashley Gold Corp. Reports TAK-26-03 Assay, Intercepts 2.347 g/t Au over 4.35m, Within 156.5m of Anomalous Gold, Dryden Area, Ontario

(via TheNewswire)   CALGARY, ALBERTA - June 4, 2026 – TheNewswire - 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.    Click Image To View Full Size 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 Click Image To View Full Size Figure 2: D99Z Cross Section   Click Image To View Full Size Figure 3: D99Z Cross Section    Core Images           Click Image To View Full Size Figure 4: TAK-26-03 - Chalcopyrite Mineralization and Pyrite-Magnetite Veinlet Running Parallel to Core Axis Click Image To View Full Size Figure 5: TAK-26-03 - Potassic Altered QFP, Hydrothermal Pyrite Veinlets   Click Image To View Full Size Figure 6: TAK-26-03 - Chalcopyrite and Pyrite Mineralization in Veinlets in Altered QFP   Click Image To View Full Size Figure 7: TAK-26-03 - Chalcopyrite, Pyrite and Magnetite Mineralization in Altered QFP Click Image To View Full Size Figure 8: TAK-26-03 - Chalcopyrite and Hydrothermal Pyrite Mineralization    Phase 1 Program Discussion   Click Image To View Full Size 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.      Hole_ID Sample # From (m) To (m) Length (m) Gold (g/t) TAK-26-03 2415242 4.50 5.75 1.25 0.235 TAK-26-03 2415243 5.75 7.00 1.25 0.258 TAK-26-03 2415244 7.00 8.50 1.50 0.036 TAK-26-03 2415245 8.50 9.50 1.00 0.346 TAK-26-03 2415246 9.50 10.50 1.00 0.016 TAK-26-03 2415247 10.50 11.50 1.00 0.014 TAK-26-03 2415248 11.50 13.00 1.50 0.014 TAK-26-03 2415249 13.00 14.50 1.50 0.056 TAK-26-03 2415251 14.50 16.00 1.50 0.068 TAK-26-03 2415252 16.00 17.50 1.50 0.260 TAK-26-03 2415253 17.50 19.00 1.50 0.293 TAK-26-03 2415254 19.00 20.50 1.50 0.582 TAK-26-03 2415255 20.50 22.00 1.50 2.055 TAK-26-03 2415256 22.00 23.00 1.00 0.011 TAK-26-03 2415257 23.00 24.00 1.00 0.476 TAK-26-03 2415258 24.00 25.00 1.00 1.530 TAK-26-03 2415259 25.00 26.50 1.50 0.162 TAK-26-03 2415261 26.50 27.50 1.00 0.113 TAK-26-03 2415262 27.50 29.00 1.50 0.048 TAK-26-03 2415263 29.00 30.25 1.25 0.406 TAK-26-03 2415264 30.25 31.15 0.90 0.135 TAK-26-03 2415265 31.15 32.15 1.00 0.087 TAK-26-03 2415266 32.15 33.15 1.00 2.320 TAK-26-03 2415267 33.15 34.50 1.35 0.108 TAK-26-03 2415268 34.50 36.00 1.50 0.017 TAK-26-03 2415269 36.00 37.50 1.50 0.119 TAK-26-03 2415271 37.50 39.00 1.50 0.035 TAK-26-03 2415272 39.00 40.00 1.00 0.013 TAK-26-03 2415273 40.00 41.00 1.00 0.045 TAK-26-03 2415274 41.00 42.50 1.50 0.051 TAK-26-03 2415275 42.50 43.50 1.00 0.069 TAK-26-03 2415276 43.50 45.00 1.50 0.017 TAK-26-03 2415277 45.00 46.50 1.50 0.017 TAK-26-03 2415278 46.50 48.00 1.50 0.015 TAK-26-03 2415279 48.00 49.50 1.50 0.020 TAK-26-03 2415281 49.50 50.50 1.00 0.011 TAK-26-03 2415282 50.50 51.50 1.00 0.010 TAK-26-03 2415283 51.50 53.00 1.50 0.050 TAK-26-03 2415284 53.00 54.50 1.50 0.020 TAK-26-03 2415285 54.50 56.00 1.50 0.140 TAK-26-03 2415286 56.00 57.00 1.00 0.006 TAK-26-03 2415287 57.00 58.50 1.50 0.237 TAK-26-03 2415288 58.50 59.75 1.25 0.666 TAK-26-03 2415289 59.75 61.00 1.25 0.226 TAK-26-03 2415291 61.00 62.00 1.00 0.243 TAK-26-03 2415292 62.00 63.50 1.50 0.435 TAK-26-03 2415293 63.50 65.00 1.50 0.021 TAK-26-03 2415294 65.00 66.50 1.50 0.024 TAK-26-03 2415295 66.50 68.00 1.50 0.032 TAK-26-03 2415296 68.00 69.00 1.00 0.015 TAK-26-03 2415297 69.00 70.00 1.00 0.007 TAK-26-03 2415298 70.00 71.00 1.00 0.006 TAK-26-03 2415299 71.00 72.00 1.00 0.022 TAK-26-03 2415301 72.00 73.50 1.50 0.027 TAK-26-03 2415302 73.50 75.00 1.50 0.458 TAK-26-03 2415303 75.00 76.00 1.00 0.017 TAK-26-03 2415304 76.00 77.00 1.00 0.675 TAK-26-03 2415305 77.00 78.00 1.00 0.121 TAK-26-03 2415306 78.00 79.00 1.00 0.041 TAK-26-03 2415307 79.00 80.00 1.00 0.025 TAK-26-03 2415308 80.00 81.00 1.00 0.007 TAK-26-03 2415309 81.00 82.00 1.00 0.012 TAK-26-03 2415311 82.00 83.00 1.00 0.350 TAK-26-03 2415312 83.00 84.50 1.50 0.213 TAK-26-03 2415313 84.50 86.00 1.50 0.081 TAK-26-03 2415314 86.00 87.00 1.00 0.052 TAK-26-03 2415315 87.00 88.00 1.00 0.097 TAK-26-03 2415316 88.00 89.00 1.00 0.117 TAK-26-03 2415317 89.00 90.50 1.50 0.318 TAK-26-03 2415318 90.50 92.00 1.50 0.056 TAK-26-03 2415319 92.00 93.00 1.00 3.290 TAK-26-03 2415321 93.00 94.15 1.15 4.186 TAK-26-03 2415322 94.15 94.65 0.50 1.880 TAK-26-03 2415323 94.65 95.35 0.70 0.150 TAK-26-03 2415324 95.35 96.35 1.00 0.704 TAK-26-03 2415325 96.35 97.50 1.15 0.182 TAK-26-03 2415326 97.50 98.50 1.00 0.008 TAK-26-03 2415327 98.50 99.50 1.00 0.130 TAK-26-03 2415328 99.50 100.50 1.00 0.302 TAK-26-03 2415329 100.50 102.00 1.50 0.012 TAK-26-03 2415331 102.00 103.50 1.50 0.004 TAK-26-03 2415332 103.50 105.00 1.50 0.004 TAK-26-03 2415333 105.00 106.50 1.50 0.004 TAK-26-03 2415334 106.50 108.00 1.50 0.033 TAK-26-03 2415335 108.00 109.00 1.00 0.846 TAK-26-03 2415336 109.00 110.00 1.00 1.750 TAK-26-03 2415337 110.00 110.50 0.50 0.030 TAK-26-03 2415338 110.50 111.50 1.00 0.017 TAK-26-03 2415339 111.50 112.00 0.50 0.381 TAK-26-03 2415341 112.00 113.00 1.00 0.020 TAK-26-03 2415342 113.00 114.00 1.00 0.137 TAK-26-03 2415343 114.00 115.00 1.00 0.071 TAK-26-03 2415344 115.00 116.50 1.50 0.011 TAK-26-03 2415345 116.50 117.00 0.50 0.348 TAK-26-03 2415346 117.00 118.50 1.50 0.015 TAK-26-03 2415347 118.50 119.50 1.00 0.037 TAK-26-03 2415348 119.50 121.00 1.50 0.014 TAK-26-03 2415350 121.00 121.50 0.50 0.034 TAK-26-03 2415351 121.50 123.00 1.50 0.140 TAK-26-03 2415352 123.00 124.50 1.50 0.036 TAK-26-03 2415353 124.50 125.75 1.25 0.018 TAK-26-03 2415354 125.75 127.25 1.50 0.267 TAK-26-03 2415355 127.25 128.50 1.25 0.040 TAK-26-03 2415356 128.50 130.00 1.50 0.024 TAK-26-03 2415357 130.00 130.50 0.50 0.017 TAK-26-03 2415358 130.50 132.00 1.50 0.092 TAK-26-03 2415359 132.00 133.50 1.50 0.105 TAK-26-03 2415361 133.50 135.00 1.50 0.039 TAK-26-03 2415362 135.00 136.00 1.00 0.183 TAK-26-03 2415363 136.00 137.50 1.50 0.284 TAK-26-03 2415364 137.50 139.00 1.50 0.612 TAK-26-03 2415365 139.00 140.00 1.00 0.319 TAK-26-03 2415366 140.00 141.50 1.50 0.468 TAK-26-03 2415367 141.50 143.00 1.50 0.894 TAK-26-03 2415368 143.00 144.50 1.50 0.179 TAK-26-03 2415369 144.50 145.50 1.00 0.008 TAK-26-03 2415371 145.50 146.50 1.00 1.110 TAK-26-03 2415372 146.50 147.75 1.25 0.010 TAK-26-03 2415373 147.75 149.25 1.50 0.018 TAK-26-03 2415374 149.25 150.75 1.50 0.009 TAK-26-03 2415375 150.75 151.50 0.75 0.013 TAK-26-03 2415376 151.50 152.75 1.25 0.020 TAK-26-03 2415377 152.75 154.00 1.25 0.028 TAK-26-03 2415378 154.00 155.25 1.25 0.011 TAK-26-03 2415379 155.25 156.25 1.00 0.008 TAK-26-03 2415381 156.25 157.50 1.25 0.003 TAK-26-03 2415382 157.50 158.20 0.70 0.042 TAK-26-03 2415383 158.20 159.70 1.50 0.004 TAK-26-03 2415384 159.70 161.00 1.30 0.010 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: [email protected] X: KKomavli   -Or-   Darcy Christian, P.Geo, CEO C: (587) 777-9072 E: [email protected]    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.” Copyright (c) 2026 TheNewswire - All rights reserved.