Ashley Gold expands exploration at Alto-Gardnar

Mr. Darcy Christian reports ASHLEY GOLD CORP. EXPANDS ALTO-GARDNAR EXPLORATION PROGRAM, DRYDEN, ON Ashley Gold Corp.'s prospecting and channel cuts over the Alto-Gardnar system will be expanded. President Noah Komavli on the update: "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. "Due to these visual factors, we will be expanding our campaign to ensure additional data is collected. "These samples will be deposited to ActLabs in Dryden at the end of the campaign, and when assays are received, we will plot them over the Alto-Gardnar system with some georeferences to the imagery provided. "I look forward to keeping our investors informed as we progress." Howie project The company wishes to make a correction to the prior press release, dated Tuesday, Oct. 14, 2025. In Image 1, 87-SB-03 had an incorrect unit of measurement in the label of the historic drill hole, and should have read "0.54 g/t Au over 10.41 m." All other figures and tables are accurate as presented. Project history -- Alto project 1937 Gold discovered at Alto-Gardner by l.W. Alto and W. Gardnar. 1940 Sandybeach Lake syndicate; stripping, trenching, bulk sampling, including 125-ton bulk sample from an open cut with a reported grade of 0.231 ounce per ton (opt). In 1943, Satterly reported the bulk sample ran 0.081 opt, although the discrepancy between the two values is unresolved. 1982 Ground restaked by K. and M. Bernier, who cut a grid and conducted a ground VLF survey, in addition to resampling historic trenches. 1983 Report highlighting a strong northeast-southwest-striking quartz vein system in Keewatin greenstone intruded by quartz porphyry, with favourable geology for gold mineralization similar to nearby deposits. The main vein extends over 1,000 feet with widths up to 24 feet, showing visible gold, pyrite, chalcopyrite and commercial assays up to 0.37 ounce/ton gold. 1986 Loydex Resources Inc. flew airborne magnetometer and EM survey over the area including the Alto-Gardnar shear zone. 1995 Champion Bear Resources drilled four diamond drill holes on the Alto-Gardnar property. 2006 Gossan Resources conducted a field program involving 340 metres of mechanical stripping, detailed geologic mapping, channel sampling of 273 samples, prospecting and MMI soil sampling to define the structural controls and extend the shear zone. Results revealed anomalous gold values up to 9.69 grams per tonne primarily in sheared mafic volcanics with quartz stringers and alteration, alongside identification of potential shear extensions up to 2.3 kilometres northeast. Conclusions highlight two styles of gold mineralization -- in quartz veins and shear zones -- recommending reassaying for nugget effects, petrographic analysis and drilling to further evaluate the property's potential. October, 2022 Ashley acquires the Alto-Gardnar project. May, 2024 Ashley Gold discovers new vein at Alto-Gardnar assaying 106 g/t Au. 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 National Instrument 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. Ashley nor the qualified person have 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 Tabor/Sakoose, Burnthut, Howie and Alto-Gardnar claims, as well as in British Columbia with the Icefield portfolio having three highly prospective claim packages. We seek Safe Harbor.