Ashley completes sampling, awaits assay results

Mr. Darcy Christian reports ASHLEY GOLD CORP. PROVIDES 2025 FALL EXPLORATION UPDATE, ADVANCING HIGH-GRADE GOLD PROJECTS IN ONTARIO Ashley Gold Corp. has provided a comprehensive update to the market relating to its Ontario exploration assets. Highlights: Channel sample program completed; 32 assays pending; Discovered the existence of intact Howie project drill core from 1987; Executive team and field team mobilizing to site in second week of September will view core and provide an update. President Noah Komavli said: "Ashley Gold has been busy behind the scenes since launching our financing in late July. Phase 1 work was completed on the Howie project in the third week of August, samples are now submitted and assays are pending. "Additionally, William Kuran, Ashley's project manager, has taken excellent initiative, locating core from a minimum of four completed drill holes from the 1987 drill campaign on the Twilight zone, our high-priority zone of interest. "The core will be cut, and half of it will be sent for assay. The results will play an important role in refining our exploration strategy and guiding the next steps. "Members from our executive team and our field team will be active in the field next week and have co-ordinated a viewing of the historic Howie project diamond drill core. As updates become available regarding this exciting development, we will share them with the market." Phase 1 -- Howie channel cut program The field crew was mobilized in the last week of July for one week, and completed activities in the third week of August, active in the field for a total of two weeks. During the initial week, washing of the Twilight zone outcrop occurred, exposing complex mineralization, as well as silicified units at surface. In some areas, Esso's channel cuts were noted. During the second week, the cuts were completed, and prospecting along the Katisha road cut and the Creek showing was completed. In total, 32 samples are submitted to ActLabs in Dryden, Ont.: Five grab samples from the newly identified Creek showing; Two samples from the Katisha area road cut; Two grab samples from the Twilight zone outcrop; 23 channel samples representing 22.9 metres of cuts from various lithologies across the true width of the Twilight zone outcrop. Phase 1 -- desktop study Historic drill logs on the Twilight zone show broad zones (20 to 30 m in width) of sulphide mineralization associated with carbonate breccia veins along with silicified zones. This mineralization coincides with the HL-06 anomaly from the modern induced polarization survey Ashley has completed on a section of the Howie project. Howie project -- diamond drill core A number of completed diamond core holes from Esso's campaign are currently stored in Kenora, Ont., at the Kenora core library. This important program, part of an initiative by the government of Ontario and the Department of Energy and Mining, looks at retaining the historical core for future generations and ensures continuity of information. Currently, Ashley is focused on four Twilight zone holes. Using the historic logs, the minimum ranges to be viewed by Ashley are noted in Table 1. TABLE 1: DRILL HOLE IDS AND ZONES OF INTEREST DDH No. Range of interest DDH-87-SB-01 48 m to 65 m DDH-87-SB-03 77 m to 102 m DDH-87-SB-05 95 m to 124 m DDH-87-SB-11 43 m to 59 m Howie project: May, 1987: Esso Minerals conducts a two-year program on Howie (known as Snake Bay). Historic drill logs from 1987 detail wide zones of mineralization; however, assays were redacted (mining data, Ontario); November, 2022: Initial surface prospecting and sampling at Main Katisha shear zone yielded assay results up to 52.80 grams per tonne gold, validating the zone's gold potential (Junior Mining Network, Nov. 28, 2022); January, 2023: Planned high-resolution drone magnetics survey to target deeper mineralized zones, inspired by the adjacent Dynasty Gold's Thundercloud project results (Junior Mining Network, Jan. 23, 2023); April, 2024: Secured exploration permit and Ontario junior exploration program funding, enabling advanced geophysical surveys and sampling (Junior Mining Network, April 2, 2024); October, 2024: Completed induced polarization survey over two kilometres of lines to define 2025 drill targets for subsurface mineralization (Ashley Gold website, Oct. 15, 2024); March, 2025: Reviewed IP survey data, expanded the project by two significant claims and identified new targets along strike for further exploration (the Newswire, March 19, 2025); May, 2025: Conducted mechanical stripping, outcrop washing and channel sampling at Katisha zone, with channel cut assay results up to 20.2 g/t Au, confirming continuity of gold mineralization within a five- to 10-metre-wide deformation zone; expanded strike length with discovery of a 1.6 g/t Au sample based on IP data (Junior Mining Network, May 16, 2025, and Junior Mining Network, May 26, 2025). Qualified person The technical and scientific information in this news release has been reviewed and approved by Darcy Christian, PGeo, chief executive officer of Ashley, who is a qualified person as defined by National Instrument 43-101. About Ashley Gold Corp. Ashley Gold is a focused exploration company targeting high-potential gold and polymetallic deposits in Canada's top mining regions. It aims to deliver strong returns for shareholders through smart exploration and strategic growth. Its assets: Ontario (Dryden area): 100-per-cent ownership in Burnthut, Tabor, Howie and Alto-Gardnar, plus an option on Sakoose claims; British Columbia: icefield portfolio with three promising claim packages. We seek Safe Harbor.