Ashley Gold Corp. Announces Completed Mobilization to the Tak Patents, Abutting the NexGold Goliath-Gold Project

Executive Summary

• Ashley Gold Corp. reports completion of drill‑trail clearing on ten pad locations and staging of a timberjack skidder and a diamond drill rig capable of >500 m holes at the Tak Patents.
• Equipment will remain on site for up to one year, positioning the company to commence drilling as early as mid‑late next week once crew availability permits.
• Recent 2‑D IP work (19.5 km of lines) identified a 1 km resistive surface trend that aligns with historic drill hole TAK‑99‑10 (2.08 g/t Au over 31.8 m).

Key Details

• Drill Trail & Pad Preparation – Trails cleared and ten pad locations set at ~50 m spacing along the edge of the resistive body to support first‑ and second‑phase drilling.
• Equipment Staged – Timberjack skidder and a diamond drill rig (≥500 m hole capability) have been delivered to the Tak Patents; equipment will stay in place through the next winter or longer as needed.
• Drill Start Timeline – Anticipated start mid‑late next week, contingent on crew release after Easter long weekend; updates will be provided as they become available.
• 2‑D IP Survey (Feb 10–Mar 11 2026) – 19.5 km of production lines run (excluding easternmost Tak Patents); results show a 1 km resistive trend at surface consistent with historic drilling.
• Historic Drill Highlight – Collar TAK‑99‑10 located; historic assay: 2.08 g/t Au over 31.8 m from surface, using a 1.0 g/t Au cut‑off.
• Project Scope – Ashley holds 100 % of the Burnthut Project (83 claims, 6 patents, 1 mining licence; ~1,900 ha). A 5 % NSR with 2.5 % buy‑back for $1 M is held by Royal Gold Inc. on the Tak boundary only.
• Partnerships – Drilling to be performed in partnership with 518 Drilling Ltd.; both companies hold shared equity interests and prior collaboration experience.

Notable Quotes

• CEO Darcy Christian: “We anticipate the drill turning as a crew frees up from another site … we will keep our investors informed and share further corporate updates as they become available.”
• President Noah Komavli: “Having this equipment secured on the Tak Patents and available for a minimum of one year gives Ashley an unparalleled advantage in the sector.”
• 518 Drilling President Kevin Norberg: “I am excited at the upcoming drill program and pleased to have partnered with the Ashley Gold team … we look forward to a successful starter program.”