Ashley Gold adds permits to Alto-Gardnar project

Executive Summary

• Ashley Gold Corp. secured a permit for its Alto-Gardnar project in Dryden, Ontario, authorizing up to 13 pads, line cutting, and IP surveys to advance exploration activities.
• The company highlighted recent high-grade channel sampling results, including 130 g/t Au over 1.0m and 106 g/t Au, which will drive plans for scout drilling to test the high-grade zone at depth.
• CEO Darcy Christian noted that all Ontario projects are now fully permitted, providing strategic flexibility, with immediate plans to expand permitting at the Burnthut project.

Key Details

• Permit Scope: Authorization for up to 13 pads, line cutting, and IP surveys at the Alto-Gardnar project.
• Recent Assay Results: Fall 2025 channeling program returned 130 g/t Au over 1.0m; May 2024 discovery returned 106 g/t Au.
• Exploration Strategy: IP survey paired with permitted pads for efficient exploration and higher resolution outside stripped areas; scout drilling planned to probe high-grade zones at depth.
• Portfolio Status: All Ontario projects are now fully permitted; B.C. portfolio (Vertebrae Ridge) is partially permitted with one pending issuance.
• Future Permitting: Plans to expand the Burnthut permit to include IP lines outside the Tak patents.
• Historical Context: Project dates to 1937; historical bulk sampling reported up to 0.37 opt; 2006 work identified anomalous gold up to 9.69 g/t and recommended reassaying and drilling.
• Technical Disclosure: Prepared by CEO Darcy Christian (PGeo), a non-independent Qualified Person under NI 43-101; historical data has not been fully verified by the company or the QP.

Notable Quotes

• President Noah Komavli: "The Alto-Gardnar project has seen significant historical surface work and limited drilling. Prior operators looked at the system as a low-grade, bulk ton target. Given our high-grade findings in the fall 2025 channelling program, which included 130 grams per tonne gold over one metre, this project warrants further attention and scout drilling to probe the high-grade zone at depth. The pairing of the permitted IP survey will allow efficient exploration and greater resolution outside the stripped area."
• CEO Darcy Christian: "We have reached a significant milestone in our portfolio, with every Ontarian project now permitted, and our B.C. portfolio partially permitted with Vertebrae Ridge being the only project pending issuance. This gives our company a unique edge and increased flexibility in terms of future planning. We will now also look at expanding our permit at the Burnthut to include IP lines outside the Tak patents."