Ashley Gold president Komavli increases position to 13%

Executive Summary

• Ashley Gold Corp. announced that President Noah J. Komavli has filed an updated early warning report under National Instrument 62-103 after surpassing the 10% ownership threshold for the company's common shares.
• The ownership increase resulted from a Tak patent transaction announced on January 6, 2026, which involved the issuance of company securities.
• Komavli now controls approximately 12.998% of the free trading float and 11.842% on a fully diluted basis, while highlighting upcoming aggressive winter drilling plans on the Tak project.

Key Details

• Transaction: Tak patent transaction announced Jan. 6, 2026, involving the issuance of securities.
• Total Issued & Outstanding: 74,189,873 securities post-transaction.
• Direct & Controlled Ownership: 9,643,200 common shares, representing ~12.998% of the common share free trading float.
• Unexercised Securities Held: 600,000 options; 275,000 warrants (via 1000903966 Ontario Inc.); 1,975,000 warrants (direct).
• Fully Diluted Ownership: 12,493,200 of 105,498,878 fully diluted shares under control, representing 11.842% control over all securities.
• Regulatory Filing: Early warning report filed pursuant to National Instrument 62-103 on SEDAR+.
• Operational Update: President indicated that the upcoming winter exploration season will feature aggressive drilling on the Tak project, with further guidance to follow as plans materialize.

Notable Quotes

• "This milestone reflects my continued confidence in Ashley Gold Corp.'s strategic direction and growth potential," stated Noah Komavli, president of Ashley Gold. "I am committed to driving value for our shareholders as we advance our exploration and delineation initiatives -- and look forward to continuing to support the company. This winter exploration season could be characterized by aggressive drilling on the Tak, I look forward to providing guidance as plans materialize."