Ashley Gold drills 24 m of 0.53 g/t Au at Howie

Executive Summary

• Ashley Gold Corp. announced maiden drilling results at its 100%-owned Howie project in Ontario, intercepting 0.53 g/t Au over 24 meters in hole HL-25-01.
• The discovery is linked to an unmapped hydrothermal breccia system near Dynasty Gold's Pelham deposit, with surface channel sampling and historical core assays further validating gold potential across the project.
• The company's near-term exploration focus will shift to the Burnthut project's Tak patents, with follow-up drilling at Howie to determine the true width of the mineralized zone pending capital availability.

Key Details

• Maiden Drilling Intercept: Hole HL-25-01 returned 0.53 g/t Au over 24 m, part of a ~400 m four-hole campaign testing the Twilight-Gap anomaly.
• Mineralization Style: Gold is associated with a hydrothermal breccia system unmapped on the surface; the hole terminated in mineralization above a 0.3 g/t Au cut-off.
• Surface Channel Sampling (Spring/Summer 2025): Main Katisha zone returned up to 20.2 g/t Au over 0.8 m (May 26, 2025).
• Twilight Zone Channel Sampling: Returned a weighted average of 0.624 g/t Au over 22.9 m (Sept. 22, 2025).
• Historical Core Assays: 1987 Esso Minerals core (hole 87-SB-03) assayed at 0.33 g/t Au over 25.74 m near the Twilight zone (Oct. 14, 2025).
• Geophysical Data: 2024 IP survey data received in 2025 guided target selection along a trend of coinciding chargeability and resistivity (Twilight-Gap zone).
• Project Ownership & Location: 100% owned (no NSR royalty), located on the Howie project bordering Dynasty Gold's Pelham deposit.
• QA/QC Protocols: Samples halved with a wet saw, couriered to ActLabs (Dryden, Ont.) for 1A3 gold fire assay, including detailed fusion and gravimetric weighing procedures.
• NI 43-101 Compliance: Technical information prepared and reviewed by Shannon Baird, PGeo, Exploration Manager and registered professional geoscientist.
• Historical Context: 1987 Esso Minerals drilling documented wide zones of mineralization; 2022 surface prospecting validated Main Katisha shear zone potential up to 52.80 g/t Au.
• Future Exploration Plans: Near-term focus on Burnthut project Tak patents; Howie claims remain in good standing with road access and permits valid; follow-up drilling required to define true width of the mineralized zone.

Notable Quotes

• Noah Komavli, President: "Our maiden Howie drill campaign has delivered results, with assays revealing near-surface gold grades typical of bulk-tonnage systems on just approximately 400 metres of drilling."
• Noah Komavli, President: "This discovery is significant -- the gold grades are associated to a hydrothermal breccia system, unmapped on the surface. Unfortunately, this hole terminated in mineralization above cut-off thresholds of 0.3 g/t Au. A follow-up hole would be required to get a true width of the mineralized zone."
• Noah Komavli, President: "Our near-term focus remains on exploring the Tak patents of the Burnthut project, with the Howie claims in good standing for a number of years. Follow-up work can occur as capital allows, with road access and permits in good standing."