Ashley Gold closes final tranche of financing

Mr. Noah Komavli reports ASHLEY GOLD CORP. CLOSES PRIVATE PLACEMENT, 2026 Q1 PLANS FUNDED Ashley Gold Corp. has closed the final tranche of the previously announced financing for gross proceeds of $506,861.51. On Nov. 13, 2025, the company opened the financing for proceeds of $530,000. On Nov. 27, 2025, the company closed the first tranche for proceeds of $265,260.06. The first tranche consisted of: 1,578,922 FT (flow-through) units at 9.5 cents, each with a two-year half warrant, each whole warrant being exercisable at 15 cents, for gross proceeds of $149,997.59; 1,536,833 NFT (non-flow-through) units at 7.5 cents, each with a two-year half warrant, each whole warrant being exercisable at 12 cents, for gross proceeds $115,262.47; Management financed $78,750 of the tranche. The closing of the final tranche consists of the following issuance NFT units and FT units, for proceeds of $214,601.45, with pricing and breakdown as follows: 1,586,200 FT units at 9.5 cents, each with a two-year half warrant, each whole warrant being exercisable at 15 cents, for gross proceeds of $150,689.00; 1,212,166 NFT units at 7.5 cents, each with a two-year half warrant, each whole warrant being exercisable at 12 cents, for gross proceeds $90,912.45. Flow-through funds are expected to be used for eligible exploration expenses, including drilling at the company's permitted projects, and will be renounced by the company on Dec. 31, 2025. Hard-dollar gross proceeds are expected to be used for exploration costs, as well as corporate G&A (general and administrative) costs. President Noah Komavli on the raise: "With Howie drilling concluded and core logging commencing shortly, I look forward to providing the markets with additional updates. Ashley is now funded for a second drill program of similar scale to the Howie program (approximately 550 metres), which we will discuss in detail in the coming year. This has been the largest equity raise completed since the company IPOed, a testament to quality of projects, jurisdiction, focus and management execution. "We are very grateful for the growing support and interest provided by investors in our mission to discover gold in the Dryden area." Financing terms and use of proceeds The company announces a non-brokered private placement financing for aggregate proceeds of up to $530,000 to advance exploration on Ashley's Ontario and British Columbia gold properties, as well as for general working capital. The offering consisted NFT units at a price of 7.5 cents. Each unit comprises one common share and one-half of one share purchase warrant. Each full warrant is exercisable for one non-flow-through common share at an exercise price of 12 for cents a term of 24 months after the closing. The offering also consisted of FT unit at a price of 9.5 cents. Each unit comprises one common share and one-half of one share purchase warrant. Each full warrant is exercisable for one non-flow-through common share at an exercise price of 15 cents for a term of 24 months after the closing. In connection with the final tranche offering, the company has agreed to pay finders' fees totalling $8,109.72 and issue 87,816 non-transferable finders' warrants. Each finder's warrant entitles the holder to acquire one common share of the company at a price of 7.5 cents for a period of 24 months following issuance. The common shares, warrants and finders' warrants are subject to a statutory hold period expiring on the date that is four months and one day upon issuance. The offering is subject to final Canadian Securities Exchange acceptance. Correction On Nov. 27, 2025, the company closed the first tranche for proceeds of $265,260.06. The first tranche consisted of: 1,578,922 FT units at 9.5 cents, each with a two-year half warrant, each whole warrant being exercisable at 15 cents, for gross proceeds of $149,997.59; 1,536,833 NFT units at 7.5 cents, each with a two-year half warrant, each whole warrant being exercisable at 12 cents, for gross proceeds $115,262.47; Management financed $78,750 of the tranche. In the news release dated Nov. 27, 2025, the total amount raised was presented as a lower number (Nov. 27, 2025 -- $265,237.56) due to an error in the sum of the flow-through units issued. The information above is correct and no changes occurred to the number of units subscribed for or issued. About Ashley Gold Corp. Ashley Gold is a Canadian mineral exploration company focussed 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-per-cent ownership in Burnthut, Howie, Alto-Gardnar and Santa-Maria claims, as well as in British Columbia, with the Icefield portfolio, having two highly prospective claim packages. We seek Safe Harbor.