Ashley Gold Corp. Announces $420,000 Critical Metal Flow-Through Financing

Executive Summary

• Ashley Gold Corp. announced a financing for gross proceeds of up to $420,000 through a Critical Metal Flow-Through (CFT) common share offering.
• The offering is priced at $0.06 per share and will fund eligible exploration expenses, including drilling at the company's permitted projects.
• The company expects a quick close with $300,000 already in open interest and will renounce qualifying expenditures to subscribers for the fiscal year ending December 31, 2026.

Key Details

• Gross Proceeds: Up to $420,000
• Security Type: Critical Metal Flow-Through (CFT) common shares
• Issue Price: $0.06 per common share
• Quantity: Up to 7,000,000 common shares
• Use of Proceeds: Eligible exploration expenses, including drilling at permitted projects
• Renunciation Terms: Qualifying expenditures to be renounced to subscribers for the fiscal year ended December 31, 2026
• Open Interest: $300,000 reflected at time of announcement
• Existing Shareholder Exemption: Available to shareholders holding common shares as of June 9, 2026, with a maximum investment limit of $15,000 per 12-month period (unless independent investment dealer advice is obtained); excess subscriptions will be adjusted pro-rata
• Investment Dealer Exemption: Available pursuant to B.C. Instrument 45-536, with confirmation of no undisclosed material facts or material changes
• Finder Compensation: Company may pay finder fees and finder warrants to eligible finders at the discretion of the Board of Directors
• Regulatory Approvals: Subject to all necessary approvals, including acceptance from the Canadian Securities Exchange
• Hold Period: Four-month hold period from the closing date under applicable Canadian securities laws
• Technical Disclosure: NI 43-101 compliant; technical information prepared/reviewed by Darcy Christian, P.Geo. (Director & CEO, non-arms length)

Notable Quotes

• President Noah Komavli: “With equipment in position on the Tak and recent drilling highlighting some of the best visual mineralization we have seen thus far, we are opening this modest financing to ensure we can keep up our forward momentum. We expect a quick close with open interest of $300,000 reflected.”