Mr. Noah Komavli reports

ASHLEY GOLD CORP. ANNOUNCES OPERATIONAL READINESS FOR TAK DRILLING, ENGAGES ABITIBI GEOPHYSICS FOR IP SURVEY ON TAK PATENTS, CREW TO MOBILIZE FEBRUARY 16TH

Abitibi Geophysics' 3-D OreVision will be deployed over Ashley Gold Corp.'s Tak patents.

President Noah Komavli on the update:

"Ashley is in a state of operational readiness for the largest drill campaign in company history. We are moving quickly to secure data needed for deep drilling, stepouts and target selection. OreVision is a system that works well in the Dryden area and case studies have proven its effectiveness on QFP bodies elsewhere in Canada.

"This will be the first modern survey ever conducted on the patented ground. I am excited to receive and execute on results.

"On successful close of our offering, we will mobilize a drilling crew to site, with contractor selection already completed. The first priority will be to twin the historic zones, bringing historic holes into compliance. Data from the IP survey will then support next steps.

"The company has elected to keep the majority of costs in-house, securing and retrofitting two shipping containers for mobile core cutting and logging sites. A Husqvarna MS-610 core saw and diamond blades have also been procured, ready for installation and subsequent cutting later in February."

OreVision applied to the Tak patents

Applying OreVision IP surveys to the Tak patents could significantly enhance exploration efforts by leveraging its strengths in 3-D modelling and deep resolution:

• Tracing mineralization extent: Similar to the Goldboro project case study, OreVision's 3-D chargeability and resistivity models could map the boundaries and associated alteration zones of the QFP body. Chargeability anomalies would highlight sulphide-rich areas often linked to gold mineralization in orogenic systems, while resistivity data could identify silicified or conductive overburden features, revealing hidden extensions or superimposed targets.
• Overcoming geological challenges: The potential conductive overburden and rough topography of the Dryden area make conventional IP (induced polarization) less effective. OreVision's multielectrode setup and noise-reduced cable would provide high-resolution data through these layers, detecting deeper responses (beyond historical shallow intercepts) without losing detail on near-surface high-grade zones.
• Drill target optimization: With thorough QA/QC (quality assurance/quality control) and 3-D inversions, the survey could generate accurate, untested drill targets. For instance, it could delineate the full potential of the 1.5-kilometre corridor, identifying priority areas for Ashley Gold's planned drilling program (as announced in early 2026 financing updates). This aligns with the company's focus on aggressive delineation, potentially accelerating resource definition.
• Cost-effective integration: At a cost comparable with traditional surveys, OreVision could be paired with follow-up borehole IP for deeper validation between drill holes, expanding investigation volumes. Given the property's historical significance and proximity to established gold complexes, this could uncover major anomalies missed by prior conventional methods and show the full extent of known zones.

National Instrument 43-101 disclosure

The technical information in this news release was prepared and reviewed by Darcy Christian, chief executive officer, PGeo, a qualified person as defined in National Instrument 43-101. Mr. Christian is registered as a professional geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-independent of Ashley Gold.

Some results discussed in this document are historical. Neither Ashley nor the qualified person has performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the company nevertheless believes that they provide an indication of the potential of the project and are relevant for any future exploration program.

About Ashley Gold Corp.

Ashley Gold is a Canadian mineral exploration company focused 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-per-cent ownership in Santa-Maria, Burnthut (including the Tak patents), Howie, Alto-Gardnar claims, as well as in British Columbia, with the Icefield portfolio having two highly prospective claim packages.

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