Ashley Gold arranges $530,000 financing

Executive Summary

• Ashley Gold Corp. has launched a non-brokered private placement financing for gross proceeds of up to $530,000 to fund a permitted winter drilling program and general working capital.
• The financing consists of 2 million non-flow-through (NFT) units at 7.5 cents and 4 million flow-through (FT) units at 9.5 cents, with warrants attached to both tranches.
• Proceeds will be used for corporate G&A, exploration costs, and eligible flow-through exploration expenses, specifically targeting the Alto-Gardnar, Burnthut, and Howie projects in Ontario.

Key Details

• Financing Structure & Pricing:
  • Non-Flow-Through (NFT) Units: 2,000,000 units issued at $0.075 per unit.
  • Flow-Through (FT) Units: 4,000,000 units issued at $0.095 per unit.
  • Total Gross Proceeds: Up to $530,000.
• Warrant Terms:
  • Each NFT unit includes one-half of one common share purchase warrant.
  • Each FT unit includes one-half of one common share purchase warrant.
  • NFT Warrants: Exercisable at $0.12 per share for 24 months from closing.
  • FT Warrants: Exercisable at $0.15 per share for 24 months from closing.
• Use of Proceeds:
  • Hard-dollar proceeds allocated to general and administrative (G&A) costs and exploration costs.
  • Flow-through funds allocated to eligible exploration expenses, including drilling at permitted projects; renunciation expected on Dec. 31, 2025.
• Drilling Program Plans:
  • Estimated 1,500 to 2,000 meters of drilling planned across permitted projects.
  • Alto-Gardnar: Priority target once permits are received; focus on stepping back and testing high-grade, coarse gold (130 g/t Au over 1.0 m) found via recent channel sampling at depth.
  • Burnthut: Focus on stacked alteration near the surface and the southwest area where historic higher-grade gold was found in similar structures but not followed up.
  • Howie: Plans to orient pads; potential summer drilling due to excellent road access. Focus on shallow, broad mineralization along a west-east trend south of the Twilight zone showing, correlated to a carbonate breccia system.
• Regulatory & Exemptions:
  • Offered under existing shareholder exemption (max $15,000 per shareholder in 12 months) and investment dealer exemption.
  • Subject to Canadian Securities Exchange approval.
  • Four-month hold period applies to all securities issued.
  • Technical information reviewed by Darcy Christian, PGeo (Qualified Person).

Notable Quotes

• "With the gold market experiencing significant tailwinds, we have launched this modest equity raise to follow up on our recently announced assays with diamond drilling." — President Noah Komavli
• "At Alto-Gardnar, our recent channel sampling has uncovered high-grade, coarse gold (130 grams per tonne gold (g/t) (Au) over 1.0 metre (m)). Stepping back and testing this at depth will be a priority." — President Noah Komavli