Ashley Gold Corp. Reports 1.505 g/t Au over 10.25m Near Surface in Final Assays of Phase 1 Tak Drilling Extending D99Z Width to Over 100m, Dryden Area, Ontario

Executive Summary

• Ashley Gold Corp. released final assay results from its Phase 1 drill program on the wholly owned Tak Patents, confirming consistent gold intercepts across all five drilled holes.
• Highlights include significant near-surface, bulk-tonnage gold values, notably in TAK-26-04 (0.996 g/t Au over 16.00 m) and TAK-26-05 (7.39 g/t Au over 0.5 m).
• Management plans to advance to Phase 2 drilling with four additional holes pending, alongside active prospecting and pending grab sample assays based on recent IP data.

Key Details

• TAK-26-04: 0.996 g/t Au over 16.00 m including 1.505 g/t Au over 10.25 m near surface, within 118.23 m of anomalous gold values, terminating 3 m after intercepting 3.61 g/t Au over 0.3 m.
• TAK-26-05: 7.39 g/t Au over 0.5 m at 8.00 m downhole; also 0.426 g/t Au over 15.00 m including 0.738 g/t Au over 6.00 m.
• TAK-26-01: 1.104 g/t Au over 28.2 m, validating the historic D99Z zone.
• TAK-26-02: 0.586 g/t Au over 34.2 m from collar; deepest hole drilled, terminated in a wide low-grade zone with pervasive sericite-chlorite alteration, brecciation, and quartz veining.
• TAK-26-03: 0.22 g/t Au over 156.5 m, including 0.580 g/t Au over 12.65 m within 0.332 g/t Au over 28.65 m.
• TAK-26-05 (additional intercept): 0.319 g/t Au over 36.65 m from collar, including 0.426 g/t Au over 15.00 m and 0.738 g/t Au over 6.00 m.
• Phase 2 Status: Core logging and cutting are ongoing; four additional holes are pending from 67Z.
• Prospecting & Sampling: 32 grab sample assays remain pending from prospecting along strike and in the NTZ.
• Next Steps: Management is heading to the site for active prospecting based on IP data, with field updates to follow.
• Project Background: Ashley Gold acquired 100% of the Tak Patents in January 2026 for 3.5M shares; the property carries a 5% NSR to Royal Gold Inc. (with a 2.5% buyback option for $1M).

Notable Quotes

• President Noah Komavli: “The Company has intercepted gold values in all holes drilled on the Tak to date, with near surface, bulk tonnage gold values being the standout theme. As we progress with more advanced targeting based on our field and IP results, I look forward to working towards discovery and expansion of these known zones in this underexplored, yet highly promising area of the belt.”
• CEO Darcy Christian: “This was a great first drill program on the Tak for Ashley. I am pleased to see the width potential of the D99Z developing to over 100m and will be interested to see the results of Phase II as we begin to test the strike potential of the larger shallow system.”