Ashley Gold to continue ground work at Howie, Alto

Executive Summary

• Ashley Gold Corp. will conduct additional ground‑work at the Howie and Alto projects in Dryden, Ontario ahead of the winter drilling season.
• The work includes outcrop inspection, trail brushing, channel cuts, and permitting activities to prepare both properties for maiden drilling once permits are received.
• Historic high‑grade surface assays (e.g., 106 g/t Au at Alto; 52.8 g/t Au at Katisha zone) are highlighted as justification for the upcoming drill program.

Key Details

• Howie Project:
• Exploration team arriving next week to map outcrops and structure in the Katisha, Howie, and Twilight zones.

• Drill‑pad planning and scoping identified as top priority while awaiting core assay results from prior drilling.

• Alto Project:

• Trail brushing will improve access; subsequent channel cuts planned across quartz-hosted outcrop known for nuggety gold.

• Prior grab samples returned up to 106 g/t Au; historic high‑grade intercepts include 2.016 oz/t over 0.75 ft.

• Historical Context (Alto):

• Gold discovery in 1937, multiple historic drilling and bulk sampling programs with reported grades ranging from 0.081 to 0.37 oz/ton.

• Recent acquisition by Ashley Gold in Oct 2022; May 2024 assay of a new vein at 106 g/t Au.

• Historical Context (Howie):

• Esso Minerals drilling (1987) indicated wide mineralization zones (assays redacted).

• Surface sampling (Nov 2022) yielded up to 52.8 g/t Au; IP survey (Oct 2024) and mechanical stripping (May 2025) produced channel assays up to 20.2 g/t Au.

• Permitting & Funding:

• Secured exploration permit and Ontario Junior Exploration Program funding (Apr 2024).

• Ongoing permitting work across the portfolio; Alto project positioned for maiden drilling once permits are in place.

• Qualified Person Statement:

• Technical information prepared/reviewed by Darcy Christian, CEO of PGeo, a qualified person under NI 43‑101.
• Historical results noted as potentially unreliable but indicative of project potential; grab samples are selective and may not represent true mineralization.

Notable Quotes

• “This is an excellent time of year to view outcrops and structure as seasonal foliage dies off… Our team will be working on permitting across the portfolio, and the Alto represents a compelling target with high‑grade historic values at surface.” – President Noah Komavli