Ashley Gold closes second tranche of financing

Mr. Noah Komavli reports ASHLEY GOLD CORP. ANNOUNCES CLOSE OF OVER SUBSCRIBED PLACEMENT, PHASE 2 WORK FUNDED Ashley Gold Corp. has closed the second tranche of its private placement, oversubscribing the placement. On July 29, 2025, Ashley announced the close of the first tranche of the placement, raising $136,890. With the second tranche now closed, gross proceeds raised total $286,890. "With our exploration budget now fully funded, our team is finalizing next steps. Phase 1 work was completed earlier this week on budget and we will issue an update shortly to keep our shareholders informed," stated president Noah Komavli. Tranche 2 details The second tranche consisted of the issuance of three million FT (flow-through) shares for gross proceeds of $150,000. Each FT unit consists of one flow-through common share of the company at five cents per share and one-half of a non-flow-through common share purchase warrant. Each FT warrant is exercisable to purchase one non-flow-through common share of the company at 12 cents for two years from the date of issue. The company intends to use the gross proceeds of the FT offering to incur Canadian exploration expenses as defined in the Income Tax Act (Canada) and proposed amendments thereto. Finders' fees of $15,000 in cash plus 300,000 broker warrants were paid to arm's-length parties. Shares issued pursuant to the financing will be subject to a statutory hold period of four months plus a day from the date of issuance, according to the applicable security laws of Canada. The offering is subject to all necessary regulatory approvals, including acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada. About Ashley Gold Corp. Ashley Gold is a focused exploration company targeting high-potential gold and polymetallic deposits in Canada's top mining regions. The company aims to deliver strong returns for shareholders through smart exploration and strategic growth. Company assets: Ontario (Dryden area): 100-per-cent ownership in Burnthut, Tabor, Howie, Alto-Gardnar, plus an option on Sakoose claims; British Columbia: Icefield portfolio with three promising claim packages. We seek Safe Harbor.