(via TheNewswire)

CALGARY, ALBERTA - September 18, 2025 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley ” or the “Company ”) is pleased to announce that it has concluded a fall exploration program at the company's Gold Mountain Project, British Columbia.  

Highlights:

• Sampled a south-east adit, as well as prospected the recently staked western claim block 

• 15 grab samples collected for assay and analysis 

President Noah Komavli on the exploration program;

“Working with the team at Dahrouge Geological Consulting Ltd. (“DGC”) is always a great experience. They bring a level of enthusiasm and technical insight that matches our own drive for discovery at Ashley.

The additional data generated from this exploration effort will add depth to our knowledge of the Gold Mountain system, particularly in the western claim block, which was unexplored.

I look forward to sharing results when they become available, as well as continuing to partner with the DGC team to advance this project through the drilling permit process”.

About the Program

The helicopter-supported ground program was completed over two field days, with crews mobilized from Golden, BC. Work focused on revisiting and validating mineralized zones documented by previous operators in 2020–2021 and on evaluating mineral claims acquired in 2024. Fifteen (15) grab samples were collected. Assay results are pending and will inform planning of future, more advanced work at the Gold Mountain Property.

Figure 1: DGC team member sampling old adit in south-east claim block

Figure 2: DGC team investigating rusty outcrop in western claim block

About Gold Mountain

Gold Mountain is an early staged gold-silver project, located about 50 km northwest of Golden, British Columbia. The project consists of four claims covering approximately 1,863 ha.  Highlights include:

• North Showing : Grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu (Allen, 1982)  

• South Showing : Peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982)  

  • 1984 Drilling (Parr, 1984) : Notable intervals include:  

    • 4.14 m - 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb (Drillhole A)  

    • 4.85 m - 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb (Drillhole B)  

  • 2020-2021 Exploration : A Ag-Au-Pb-Zn-Cu-Sb mineralized system at Gold Mountain identified (see January 13, 2021 and January 4, 2022  news releases)  

    • Five samples returning 1,000 to 6,670 g/t Ag  

    • Eight samples returning 1,260 to 8,220 ppm Sb  

The Property’s mineral-rich history dates back to the 1930s and includes impressive showings of gold, silver, copper, and lead within a trend that spans over 600 meters. Past work has revealed high-grade values across two primary showings, North and South, which are separated by approximately 450 meters of talus—a zone where mineralized boulders suggest continuity of mineralization between the two showings.

The South Showing covers an area of 160 by 50 meters and features five vein exposures in multiple trenches, where high-grade mineralization has previously been sampled, including values up to 30.3 g/t Au, 13,301 g/t Ag and 32.54% Cu (Allen, 1982) . These veins trend toward the North Showing, which has been partially exposed by a shallow open cut and an old adit. Exploration during 1982 at the North Showing, near the adit, identified a 1 m wide quartz vein, which returned a grab sample of 4.87 g/t Au, 710 g/t Ag and 1.89% Cu indicating a rich polymetallic presence (Allen, 1982) . Together, these showings form a mineralized corridor that remains open at both ends.

Eight shallow backpack style drill holes were completed in 1984 (Parr, 1984) , though poor recoveries were noted, results include:

• 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb

• 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11% Cu, and 14.53% Pb

Samples collected in 2020 and 2021 confirmed the high-grade mineralization at both the North and South Showings, with five samples returning from 1,000 to 6,670 g/t Ag, and eight samples returning from 1,260 to 8,220 ppm Sb.

Click Image To View Full Size

Figure 3: Historical work overview on Gold Mountain Property

Recent claim additions opened a path for expanded exploration aimed at uncovering the full extent of mineralization along this trend.

Quality Assurance / Quality Control

All samples were collected in the field using a hammer and chisel. Locations were obtained using a handheld GPS or tablet with samples placed in pre-labelled sample bags. Flagging tape with sample numbers were left at each sample location. Samples were securely transported by field staff to AGAT Laboratories in Calgary, Ab in for standard sample preparation which includes drying, crush to 75% passing 2mm, riffle split 250 g, and pulverize 85% passing 75 microns. Samples will be analyzed by multi-element by 4-acid digestion with ICP-OES finish (Method 201070) and gold by 30 g fire assay with AA finish (Method 202051); over-limits will be re-assayed using appropriate high-grade protocols.

A Quality Assurance/Quality Control protocol was incorporated into the rock sampling program and included the insertion of two quartz blanks representing approximately 11% of submitted samples.

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Nathan Schmidt., P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Schmidt is registered as a Professional Geoscientist with Engineers Geoscientists of British Columbia (#48336) and an employee of Dahrouge Geological Consulting Ltd. (Permit to Practice #1003035).

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Historical Ag and Au results from Gold Mountain were presented in original documentation as troy oz/short ton and were converted to g/t using conversion of 34.28. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project's potential and are relevant for any future exploration program.

Management cautions that grab samples are selective in nature, and the assay results may not necessarily represent true underlying mineralization.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focussed on acquiring and developing highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with a 100% ownership in Burnthut, Tabor, Howie, Alto-Gardnar and Sakoose claims as well as in British Columbia with the Icefield Portfolio having three highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  (www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

Noah J. Komavli, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

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