Mr. Darcy Christian reports

ASHLEY GOLD CORP. PROVIDES INTERIM IP DATA, 1KM RESISTIVE TREND UNVEILED ON THE TAK PATENTS, ABUTTING NEXGOLD GOLIATH-GOLD COMPLEX

Ashley Gold Corp. has completed its induced polarization survey, received interim data and has engaged Perron Contracting.

Highlights:

• 19.5 kilometres of IP lines at 50-metre spacings completed over the main zone;
• Interim data received and highlight possible extent of porphyry body;
• IP highlights a one-kilometre resistive trend on surface, with moderate coinciding chargeability;
• Perron Contracting engaged for pad clearing and drill roadwork, a local 100-per-cent-owned indigenous business.

President Noah Komavli said: "The acquisition of this data will allow for efficient drill targeting with minimal trenching. So far, we are encouraged by what we see. The most important early indicators are the characteristics of moderate chargeability and coinciding high resistivity in areas of historic drilling. This resistive body showcases wide and consistent responses in the interim 2-D, surface-level model. We await the full, processed data set.

"Our focus will be historic confirmations and stepouts along the main trend, guided by the interim 2-D data. The next drill program will follow up using the inverted 3-D model.

"We are also excited to announce a work program with Perron Contracting, a local firm that is 100 per cent owned by indigenous [peoples]. Perron is an industry leader in remote work, and we look forward to a mutually beneficial relationship."

Project overview: Burnthut and Tak patents

The company holds a 100-per-cent stake in the Burnthut project, which is composed of 83 mining claims, six patents and one mining licence of occupation for 1,900 hectares. The Burnthut project is strategically situated against the northeast of the Goliath-Gold complex, operated by Nexgold Mining Corp. Recently, Kenorland Minerals Ltd. has staked against the Burnthut's southern boundary. The Tak patents were formerly owned and worked by Lac Minerals (Barrick). A 5-per-cent net smelter royalty with a 2.5-per-cent buyback for $1-million is held by Royal Gold Inc., limited to the Tak boundary. The Burnthut main block has no outstanding NSRs, which include claims along strike of the Tak and covering the Wedge occurrence.

Interim 2-D IP data

On Feb. 10, 2026, the company announced the engagement of Abitibi Geophysics for the deployment of its 3-D OreVision system over Ashley's 100-per-cent-owned Tak patents. On Feb. 16, 2026, the crew began mobilization to site. Line cutting preceded the installation of the surficial wires required for the readings.

On March 10, 2026, the crew completed the line readings, with demobilization occurring on March 11, 2026. Nineteen point five kilometres of production lines were run, with the easternmost extent of the Tak patents being excluded from reading. This area will be the target of a future reading once the mining claims comprising the Burnthut project are brought into a permitted status, avoiding short IP lines limited to the eastern patent boundary.

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, Howie and Alto-Gardnar claims, as well as in British Columbia with the Icefield portfolio, having two highly prospective claim packages.

The scientific and technical information pertaining to these interim IP data has been prepared in accordance with National Instrument 43-101, and was reviewed and approved by Darcy Christian, PGeo, a qualified person under NI 43-101. Mr. Christian is chief executive officer of Ashley Gold and is non-independent.

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