Ashley Gold arranges $2-million private placement

Executive Summary

• Ashley Gold Corp. announced a non-brokered equity raise structured as a LIFE charity flow-through (CFT) and concurrent hard dollar LIFE financing (NFT), targeting minimum proceeds of $800,000 and a maximum of $2,000,000.
• Proceeds will fund an extensive mid-to-late February drilling campaign (up to 4,000 meters) on the Tak patents, adjacent to NexGold's Goliath Gold Complex, alongside winter 3-D IP surveys and a planned spring exploratory drill program.
• The offering is priced at 11 cents per unit for the CFT and 8 cents per unit for the NFT, with both tranches including three-year half warrants exercisable at 12 cents per share.

Key Details

• Financing Structure & Pricing:
• Charity Flow-Through (CFT): 11 cents/unit; minimum $500,000 / maximum $1,500,000 (4,545,454 to 13,636,363 units).
• Hard Dollar LIFE (NFT): 8 cents/unit; minimum $300,000 / maximum $500,000 (3.75 million to 6.25 million units).
• Warrants: Three-year half warrants exercisable at 12 cents per share for both tranches.
• Finder & Advisor Terms: Research Capital Corp. appointed as exclusive finder and sole booker. Receives 8% cash commission and 8% finder warrants. Adviser receives $25,000 work fee plus 325,000 shares at 8 cents/share. All finder warrants and adviser shares subject to a 4-month-and-1-day hold period.
• Regulatory & Closing: Offered under the listed issuer financing exemption (NI 45-106 Part 5A). Units will be immediately free-trading in Canada. Closing anticipated on or around Feb. 26, 2026, subject to CSE and regulatory approvals.
• Use of Proceeds: Up to 4,000-metre drilling program on closing (mobilizing mid-late February via Rodren Drilling Ltd.), winter 3-D IP survey execution, Alto-Gardnar IP survey, 500-metre exploratory spring drill program, and general working capital. Charity flow-through funds to be renounced by Dec. 31, 2026.
• Tak Patents Exploration Context: Contiguous to the southwestern Burnthut property and adjacent to NexGold's Goliath Gold Complex. Past work identified a large quartz-feldspar porphyry body (500m x 1,400m) with stockwork quartz-carbonate veining, silicification, and pyrite mineralization.
• Historic Drilling Highlights:
• 1999 Triex Resources hole Tak-99-10: 2.082 g/t Au over 31.83 m (3.57–35.40 m), including 11.778 g/t Au over 2.88 m and 7.632 g/t Au over 1.10 m.
• 2002 Southern Rio drilled 8 holes, outlining gold values over ~350 m strike length down to 100 m depth.
• Drilling has not yet defined the dip of the mineralized zone due to the stockwork alteration nature; denser infill and deeper drilling planned.
• Royalty Interest: Royal Gold Inc. holds a 5% net smelter return royalty, including a 2.5% buyback option exercisable at any time for $1,000,000.

Notable Quotes

• President Noah Komavli: "This LIFE financing will allow Ashley to achieve its drilling goals, with nearly immediate mobilization occurring on closing. The Tak patents have never seen significant drilling, and, given the size, grades and spot prices -- it's time to move aggressively on delineation efforts. This historic package was seemingly forgotten to time, Ashley will pick up where mining legends like cominco and Lac Minerals (Barrick) left off."