Mr. Noah Komavli reports

ASHLEY GOLD CORP. ANNOUNCES COMPLETED MOBILIZATION TO THE TAK PATENTS, ABUTTING THE NEXGOLD GOLIATH-GOLD PROJECT

Ashley Gold Corp. has shared an operational update related to its pending drill program.

Highlights:

• Drill trails complete, 10 pad locations cleared to support first and second phase programs;
• Timberjack skidder and a diamond drill rig, capable of 500-plus-metre holes, deployed to the Tak patents;
• Equipment will remain in place until next winter or longer, as needed.

Chief executive officer Darcy Christian stated: "With the support of our dedicated team, local stakeholders and the drive of 518 Drilling Ltd., we have cleared trails in and across the patents. Numerous pads have been cleared at 50 m spacings along the edge of the resistive body. Equipment has successfully arrived from the stage point, ready to be engaged.

"We anticipate the drill turning as a crew frees up from another site following the Easter long weekend, with a possible start date looking like mid-late next week. We will keep our investors informed and share further corporate updates as they become available."

Equipment staging

President Noah Komavli stated: "Having this equipment secured on the Tak patents and available for a minimum of one year gives Ashley an unparalleled advantage in the sector. Without the strong relationships management has built -- as well as the shared vision of 518 Drilling's president, Kevin Norberg, we would not be in this fortunate position to deliver results continually to our investors. Our near- and midterm focus will now be the exercise of delineation -- along strike and contiguous to the most advanced project in the district, NexGold's Goliath gold project!"

Mr. Norberg stated on the program: "I am excited at the upcoming drill program and pleased to have partnered with the Ashley Gold team to work on this project. 518 Drilling is aligned to Ashley's core values and has worked with the team on prior exploration efforts. We look forward to a successful starter program, as both the service provider and a shareholder."

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 return (NSR) 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, including claims along strike of the Tak and covering the Wedge occurrence.

Interim 2-D IP (induced polarization) data

On Feb. 10, 2026, the company announced the engagement of Abitibi Geophysics for the deployment of its 3-D OreVision system over Ashely'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. Production lines totalling 19.5 kilometres were run, with the easternmost extent of the Tak patents being excluded from data acquisition. This area will be the target of a future program once the mining claims comprising the Burnthut project are brought into a permitted status, avoiding short IP lines limited to the eastern patent boundary.

The surficial interim results highlight a one-kilometre resistive trend at surface, aligning well with the historic drill hole data. Due to the age of the holes, the company will be required to twin the collars to bring the values into compliance.

The drill collar of TAK-99-10 was located and the Global Positioning System co-ordinates of the historical work was confirmed as accurate. This hole has a historical assay of 2.08 grams per tonne (g/t) gold (Au) over 31.8 metres, starting from the surface, using a 1.0 g/t Au cut-off.

National Instrument 43-101 disclosure

The technical information in this news release was prepared and reviewed by Darcy Christian, CEO, 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 project's potential 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 the 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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