Ashley Gold completes fall exploration at Gold Mountain

Mr. Darcy Christian reports ASHLEY GOLD CORP. CONCLUDES 2025 FALL EXPLORATION ON GOLD MOUNTAIN, BC Ashley Gold Corp. has concluded a fall exploration program at the company's Gold Mountain project, British Columbia. Highlights: Sampled a southeast adit, as well as prospected the recently staked western claim block; 15 grab samples collected for assay and analysis. President Noah Komavli said on the exploration program: "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. "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. "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." About the program The helicopter-supported ground program was completed over two field days, with crews mobilized from Golden, B.C. Work focused on revisiting and validating mineralized zones documented by previous operators in 2020 and 2021 and on evaluating mineral claims acquired in 2024. Fifteen grab samples were collected. Assay results are pending, and will inform planning of future and more advanced work at the Gold Mountain property. About Gold Mountain Gold Mountain is an early-stage gold-silver project, located about 50 kilometres northwest of Golden, B.C. The project consists of four claims covering approximately 1,863 hectares. Highlights include: North showing: grab sample returned 4.87 grams per tonne gold, 710 g/t silver and 1.89 per cent copper (Allen, 1982); South showing: peak values of 30.3 g/t Au, 13,301 g/t Ag and 32.54 per cent Cu (Allen, 1982): 1984 drilling (Parr, 1984): notable intervals include: 4.14 metres of 57.62 g/t Au, 7,349.5 g/t Ag, 16.5 per cent Cu and 8.74 per cent lead (drill hole A); 4.85 m of 29.99 g/t Au, 6,711.3 g/t Ag, 11.0 per cent Cu and 14.53 per cent Pb (drill hole B); 2020-2021 exploration: a silver-gold-lead-zinc-copper-antimony mineralized system at Gold Mountain identified (see Jan. 13, 2021, and Jan. 4, 2022, news releases): Five samples returning 1,000 to 6,670 g/t Ag; Eight samples returning 1,260 to 8,220 parts per million Sb. The property's mineral-rich history dates back to the 1930s and includes impressive showings of gold, silver, copper and lead within a trend that spans over 600 metres. Past work has revealed high-grade values across two primary showings, North and South, which are separated by approximately 450 metres of talus -- a zone where mineralized boulders suggest continuity of mineralization between the two showings. The South showing covers an area of 160 by 50 metres and features five vein exposures in multiple trenches, where high-grade mineralization has previously been sampled, including values up to 30.3 g/t Au, 13,301 g/t Ag and 32.54 per cent Cu (Allen, 1982). These veins trend toward the North showing, which has been partially exposed by a shallow open cut and an old adit. Exploration during 1982 at the North showing, near the adit, identified a one-metre-wide quartz vein, which returned a grab sample of 4.87 g/t Au, 710 g/t Ag and 1.89 per cent Cu, indicating a rich polymetallic presence (Allen, 1982). Together, these showings form a mineralized corridor that remains open at both ends. Eight shallow backpack-style drill holes were completed in 1984 (Parr, 1984) though poor recoveries were noted. Results include: 4.14 m of 57.62 g/t Au, 7,349.5 g/t Ag, 16.5 per cent Cu and 8.74 per cent Pb; 4.85 m of 29.99 g/t Au, 6,711.3 g/t Ag, 11 per cent Cu and 14.53 per cent Pb. Samples collected in 2020 and 2021 confirmed the high-grade mineralization at both the North and South showings, with five samples returning from 1,000 to 6,670 g/t Ag, and eight samples returning from 1,260 to 8,220 ppm Sb. Recent claim additions opened a path for expanded exploration aimed at uncovering the full extent of mineralization along this trend. Quality assurance/quality control All samples were collected in the field using a hammer and chisel. Locations were obtained using a hand-held GPS or tablet with samples placed in prelabelled sample bags. Flagging tape with sample numbers were left at each sample location. Samples were securely transported by field staff to Agat Laboratories in Calgary, Alta., for standard sample preparation, which includes drying, crushing to 75 per cent passing two millimetres, riffle splitting 250 grams and pulverizing 85 per cent passing 75 microns. Samples will be analyzed by multielement by four-acid digestion with ICP-OES finish (method 201070) and gold by 30-gram fire assay with AA finish (method 202051). Overlimits will be reassayed using appropriate high-grade protocols. A quality assurance/quality control protocol was incorporated into the rock sampling program and included the insertion of two quartz blanks representing approximately 11 per cent of submitted samples. National Instrument 43-101 disclosure The technical information in this news release was prepared and/or reviewed by Nathan Schmidt, PGeo, a qualified person as defined in National Instrument 43-101. Mr. Schmidt is registered as a professional geoscientist with Engineers Geoscientists of British Columbia (No. 48336) and an employee of Dahrouge Geological Consulting (permit to practise No. 1003035). Some results discussed in this document are historical. Neither Ashley Gold nor the qualified person has performed sufficient work or data verification of the historical data. Historical Ag and Au results from Gold Mountain were presented in original documentation as troy ounce per short ton and were converted to g/t using conversion of 34.28. 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 Burnthut, Tabor, Howie, Alto-Gardnar and Sakoose claims, as well as in British Columbia with the Icefield portfolio having three highly prospective claim packages. We seek Safe Harbor.