Ashley Gold completes fall exploration at Gold Mountain

Executive Summary

• Ashley Gold Corp. has concluded its 2025 fall exploration program at the Gold Mountain project in British Columbia, focusing on validating historical mineralized zones and evaluating newly staked western claim blocks.
• The program involved helicopter-supported ground work over two field days, resulting in the collection of 15 grab samples for assay analysis, with results currently pending.
• The exploration aims to expand knowledge of the Gold Mountain system, particularly in the previously unexplored western claim block, to inform future drilling and advanced exploration activities.

Key Details

• Program Scope: Helicopter-supported ground exploration conducted over two field days, with crews mobilized from Golden, B.C.
• Activities:
  • Sampled a southeast adit.
  • Prospected the recently staked western claim block.
  • Revisited and validated mineralized zones documented by previous operators in 2020 and 2021.
  • Evaluated mineral claims acquired in 2024.
• Sampling: 15 grab samples collected for assay and analysis; results are pending.
• Project Location: Gold Mountain project, located approximately 50 kilometres northwest of Golden, B.C.
• Property Details: Consists of four claims covering approximately 1,863 hectares.
• Historical Context (North Showing):
  • Grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu (Allen, 1982).
  • 1982 exploration identified a one-metre-wide quartz vein near the adit.
• Historical Context (South Showing):
  • Peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982).
  • Features five vein exposures in multiple trenches.
• Historical Drilling (1984 - Parr):
  • Hole A: 4.14 metres of 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb.
  • Hole B: 4.85 metres of 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb.
  • Note: Poor recoveries were noted in these shallow backpack-style drill holes.
• Recent Exploration (2020-2021):
  • Identified a silver-gold-lead-zinc-copper-antimony mineralized system.
  • Five samples returned 1,000 to 6,670 g/t Ag.
  • Eight samples returned 1,260 to 8,220 ppm Sb.
• Technical Personnel: Nathan Schmidt, PGeo, of Dahrouge Geological Consulting Ltd., is the Qualified Person under National Instrument 43-101.
• QA/QC Protocols: Samples analyzed by Agat Laboratories using multielement four-acid digestion with ICP-OES finish (method 201070) and gold by 30-gram fire assay with AA finish (method 202051). Two quartz blanks were inserted representing approximately 11% of submitted samples.

Notable Quotes

• "Working with the team at Dahrouge Geological Consulting Ltd. is always a great experience. They bring a level of enthusiasm and technical insight that matches our own drive for discovery at Ashley." — President Noah Komavli
• "The additional data generated from this exploration effort will add depth to our knowledge of the Gold Mountain system, particularly in the western claim block, which was unexplored." — President Noah Komavli
• "I look forward to sharing results when they become available, as well as continuing to partner with the DGC team to advance this project through the drilling permit process." — President Noah Komavli