Ashley Gold concludes Tabor-Sakoose claim option talks

Mr. Noah Komavli reports ASHLEY GOLD CORP. OPTIONS MAJORITY OF ITS TABOR-SAKOOSE DISTRICT SCALE PACKAGE FOR CONSIDERATION UP TO $375,000, PROVIDES UPDATE Ashley Gold Corp. has concluded negotiations with a private company for the option of its 100-per-cent-owned Tabor-Sakoose claims. Ashley Gold will retain a portion of the original Santa-Maria claims. President Noah Komavli commented on the sale: "I am excited to share that Ashley has concluded negotiations that will strengthen the balance sheet ahead of further exploration activities. "This option agreement unlocks significant value for the company, with a full sale ensuring retained upside through an equity stake. We look forward to being collaborative partners and eventually shareholders. "With this boost in capital liquidity, Ashley is positioned to achieve additional near-term objectives. I look forward to providing further updates on our exploration strategy in Ontario shortly." Company positioning On completion of the Alto-Gardnar channelling work, the exploration team will move to Santa-Maria to conduct additional prospecting. The company expects to release additional announcements in the coming weeks as plans will be finalized for advanced exploration in Dryden, Ont. Additionally, interest from European investors has facilitated the company to initiate steps to dual list on the Frankfurt exchange. These measures will ensure further liquidity in the market as well as ensuring European investors can take part in Ashley's exciting progressions. To this end, the company continues to actively evaluate an OTC (over-the-counter) listing. About the transaction The transaction is composed of a base cash component of $100,000 (maximum of $150,000) and a total issued value of $225,000 in equity of a listed entity. The payment structure is as follows: $50,000 on signing; three-month buyer due diligence period (paid); The due diligence period can be extended by three months with another $50,000 payable to Ashley; $50,000 on sale to a listed entity, payable to Ashley; In the event of a sale to a listed entity, $225,000 in equity, unlocked in three tranches, one tranche every six months, with the first tranche being unlocked six months from the date of sale or from listing date, whichever is first; all existing NSR (net smelter return) agreements over respective claims will be enforced and transferred to the new owner. A finder's fee of 10 per cent will be paid to an arm's-length third party for facilitating and introducing the receiving party, pending exchange acceptance. The fee will be paid in 10 per cent of the cash received and 10 per cent of the received equity at time of free trading, in stock of Ashley. About Santa-Maria The Lee Lake Southeast occurrence is located in a recently clear-cut area, with freshly refurbished logging roads. It is situated just 800 metres northeast of the wide, northwest-trending Kawashegamuk Lake shear zone and occurs at the eastern margin of an extensive area of intense carbonate alteration. Past small-scale mining occurred in an open cut within an approximately 20-metre-wide shear zone. Additional quartz veins were observed along the shear. This target is yet to be drilled and has not been the subject of geophysical studies. The Santa-Maria pit is located just northwest of the Lee-Lake occurrence along the same logging road. Host rock outcrops on either side of the logging road. The Santa-Maria pit was visited and is mostly filled or caved in, with two visible quartz veins running into the east-side wall. A 12-inch wide quartz vein was sampled, with trace galena observed in clusters as well as trace chalcopyrite and pyrite. National Instrument 43-101 disclosure The technical information in this news release was prepared and reviewed by Darcy Christian, chief executive officer, PGeo, a qualified person as defined in NI 43-101. Mr. Christian is registered as a professional geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-independent of Ashley Gold. Some results discussed in this document are historical. Neither Ashley nor the qualified person has performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the company nevertheless believes that they provide an indication of the project's potential and are relevant for any future exploration program. Management cautions that grab samples are selective in nature and the assay results may not necessarily represent true underlying mineralization. About Ashley Gold Corp. Ashley Gold is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and polymetallic deposits in Canada's top mining regions. The company's flagship assets are in the Dryden area in Ontario with a 100-per-cent ownership in the Santa-Maria, Burnthut, Howie, Alto-Gardnar claims as well as in British Columbia with the Icefield portfolio having three highly prospective claim packages. We seek Safe Harbor.