Ashley Gold completes mobilization to Tak patents

Executive Summary

• Ashley Gold Corp. has completed mobilization to its Tak patents, clearing drill trails and deploying a diamond drill rig and Timberjack skidder to support an upcoming delineation drill program.
• The company anticipates drilling to commence mid-to-late next week following the Easter long weekend, with heavy equipment secured on-site for a minimum of one year.
• Interim 2-D IP geophysics data revealed a one-kilometre resistive trend at surface aligning with historic drill data, including the confirmation of historical hole TAK-99-10 containing 2.08 g/t Au over 31.8m.

Key Details

• Drill trails completed and 10 pad locations cleared at 50m spacings along the edge of the resistive body for first and second phase programs.
• Timberjack skidder and a diamond drill rig (capable of 500+ metre holes) deployed to the Tak patents; equipment will remain on-site for at least one year.
• Drill program start date targeted for mid-to-late next week, pending crew availability post-Easter long weekend.
• Interim 2-D IP survey (Abitibi Geophysics 3-D OreVision system) completed March 10, 2026, with 19.5 km of production lines run.
• Geophysics highlighted a 1-kilometre resistive trend at surface; future IP survey planned for the easternmost extent once mining claims achieve permitted status.
• Historical hole TAK-99-10 located and GPS coordinates confirmed; assay shows 2.08 g/t Au over 31.8m (surface to 31.8m, 1.0 g/t Au cut-off).
• Company holds 100% stake in the Burnthut project (83 claims, 6 patents, 1 mining licence) covering 1,900 hectares, abutting NexGold's Goliath gold project.
• Tak patents carry a 5% NSR royalty with a 2.5% buyback for $1M held by Royal Gold Inc.; the main Burnthut block has no outstanding NSRs.

Notable Quotes

• Darcy Christian, CEO: "We anticipate the drill turning as a crew frees up from another site following the Easter long weekend, with a possible start date looking like mid-late next week."
• Noah Komavli, President: "Having this equipment secured on the Tak patents and available for a minimum of one year gives Ashley an unparalleled advantage in the sector."
• Kevin Norberg, President, 518 Drilling: "I am excited at the upcoming drill program and pleased to have partnered with the Ashley Gold team to work on this project."