Mr. Noah Komavli reports

ASHLEY GOLD CORP. RECENT 100% ACQUISITION RETURNS HIGH GRADE VALUES, SAMPLES UP TO 28.9 G/T AU AT BROCKMAN

Ashley Gold Corp. has received assays from a ground sampling and mapping program, announced June 6, 2025. The majority of work was focused on the recently acquired Brockman claims (Sakoose South), but also located a new outcrop in a clear cut area between Tabor and Sakoose, dubbed the Black Fly.

Highlights:

• Brockman assay results: Five grab samples from Brockman workings (shaft and trench) yielded gold (Au) assays from 1.39 grams per tonne (g/t) to 28.9 g/t (average of 10.724 g/t Au). The vein strikes north, with grey to blue quartz.
• Copeland occurrence: A three-to-five-metre-wide iron carbonate-rich felsic dike with abundant pyrite traced for 50 metres, returning up to 130 parts per billion (ppb) Au.
• Tabor area prospecting: A clear-cut area between the Tabor Lake shaft and Sakoose mine revealed a 30-metre-wide deformation zone in QFP with intense silicification, iron carbonate and fuchsite alteration. A five-to-10-metre-wide zone with quartz carbonate stockworks returned up to 190 ppb Au.
• Future potential: All three past producers (Brockman, Tabor and Sakoose) remain open at depth, offering drill-ready targets. Tabor is permitted for diamond drilling, with continuing efforts to permit other sites.

President Noah Komavli said on the program: "The 100-per-cent ownership of the Brockman claims ties together our district-scale package at Tabor and Sakoose. With high-grade gold values remaining in the Brockman trench, the site shows that there is still more to discover -- a consistent theme in this project area. With small-scale past production at both Tabor, Sakoose and Brockman, as well as untested regional targets such as the SM-1 anomaly in the Tabor claims, this unified project will benefit from our team's effort to consolidate regional data. The three past producers all remain open and untested at depth -- which is low-hanging fruit from a drilling perspective, while data compilation can occur simultaneously. Tabor remains permitted for diamond drilling, with our team diligently working to advance permitting across our sites at key occurrences."

Program results

Brockman cut

A total of five samples were collected from the Brockman workings, three from the shaft area and two from trench, which is 30 metres south of the shaft area. Both the shaft and trench are filled in with wall rock rubble. The Brockman vein strikes slightly west of due north (340 degrees) and is composed of grey to blue quartz. Assays ranged from 1.4 g/t Au to a high of 28.9 g/t Au. The host mafic rock trends at 220 degrees.

An area near to the historic Copeland occurrence hosted a three-to-five-metre-wide iron carbonate-rich felsic dike that is well mineralized with visually abundant fine disseminated pyrite, trace chalcopyrite and trace sphalerite. This felsic dike was traced for approximately 50 metres along a north south strike.

Tabor area

Prospecting was carried out in a recent clear-cut area located midway between the Tabor Lake shaft and the Sakoose mine workings. Traverses were made in a north to south fashion as to prospect perpendicular to the east-west-trending lithologies. Numerous alternating QFP and mafic units (basalts, gabbro, mafic flows) are present. A wide deformation zone up to 30 metres in width in a pale grey to apple green QFP unit crosses the logging road approximately 300 metres due south of the Tabor Lake road. The deformation zone was followed to the west with increasing pyrite content and silicification along with a pronounced increase in iron carbonate and fuchsite alteration.

At a point approximately 60 metres west of the new logging road, a five-to-10-metre-wide zone displays intense ankeritic alteration and abundant fuchsite giving the fresh rock a true apple green appearance. The intensely silicified zone hosts a crudely developed stockworks of quartz carbonate veins up to six inches in width. It appears the zone may be on contact with a gabbro to the north and south. In places, the smaller millimetre-sized quartz veins contain trace amounts of pyrite and a marked increase in pyrite content at the vein and wall rock margins giving this area a grey silicified banded appearance. The zone has been traced for 25 metres to the west to a point where it dips under overburden.

Grab samples are selective samples and the assay results may not necessarily represent true underlying mineralization.

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. The company aims to deliver strong returns for shareholders through smart exploration and strategic growth.

Ashley Gold's assets:

• Ontario (Dryden area): a 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.