Ashley Gold expands exploration at Alto-Gardnar

Executive Summary

• Ashley Gold Corp. is expanding its prospecting and channel cutting campaign at the Alto-Gardnar system within the Howie project in Dryden, Ontario, following positive initial visual indicators from recent fieldwork.
• The company is correcting a data error in a previous press release regarding historic drill hole 87-SB-03, clarifying the assay interval and grade.
• The release provides a historical overview of the Alto-Gardnar property, highlighting previous discoveries and exploration efforts dating back to 1937, including a significant 106 g/t Au discovery in May 2024.

Key Details

• Exploration Activity: The team conducted prospecting and channel cuts on the Alto-Gardnar system.
• Initial Results: Five meters of channel cuts were completed; initial visual indicators are described as "positive."
• Expansion Plan: Due to visual factors, the campaign is being expanded to collect additional data.
• Sampling Protocol: Samples will be deposited at ActLabs in Dryden. Assays will be plotted over the Alto-Gardnar system with georeferences to imagery.
• Data Correction: A correction was issued for the prior release dated Oct 14, 2025. Historic drill hole label 87-SB-03 is corrected to read "0.54 g/t Au over 10.41 m." All other figures remain accurate.
• Historical Context (Alto Project):
  • 1937: Gold discovered by I.W. Alto and W. Gardnar.
  • 1940: Sandybeach Lake syndicate conducted stripping, trenching, and bulk sampling (125-ton sample reported at 0.231 opt, though Satterly later reported 0.081 opt).
  • 1982: Ground restaked by K. and M. Bernier; grid cut and VLF survey conducted.
  • 1983: Report identified a strong NE-SW striking quartz vein system with visible gold, pyrite, and commercial assays up to 0.37 ounce/ton.
  • 1986: Loydex Resources flew airborne magnetometer and EM surveys.
  • 1995: Champion Bear Resources drilled four diamond drill holes.
  • 2006: Gossan Resources conducted 340m of mechanical stripping and sampled 273 channels, revealing anomalous gold values up to 9.69 g/t Au. Identified potential shear extensions up to 2.3 km northeast.
  • Oct 2022: Ashley Gold acquired the Alto-Gardnar project.
  • May 2024: Ashley Gold discovered a new vein at Alto-Gardnar assaying 106 g/t Au.
• Technical Disclosure: Prepared by Darcy Christian, PGeo, CEO and Qualified Person under NI 43-101. Mr. Christian is non-independent.
• Cautionary Statements: Historical results may not be reliable as sufficient verification has not been performed. Grab samples are selective and may not represent true underlying mineralization.

Notable Quotes

• Noah Komavli, President: "The team was active on the Howie project viewing outcrops and structures on Tuesday. On Wednesday, the team explored the approximately 350 m strike of the exposed Alto-Gardnar system and began channel cuts. Five m of cuts were completed so far and initial visual indicators seem positive."
• Noah Komavli, President: "Due to these visual factors, we will be expanding our campaign to ensure additional data is collected."
• Noah Komavli, President: "I look forward to keeping our investors informed as we progress."