Mr. Darcy Christian reports

ASHLEY GOLD CORP. PROVIDES OPERATIONS UPDATE FOR ONGOING TAK DRILL PROGRAM

Ashley Gold Corp. has shared visuals and operational updates from its active diamond drilling program on the 100-per-cent-owned Tak patents.

Highlights:

• Core logging and cutting well under way;
• Four holes completed;
• 62 samples, comprising the entirety of TAK-26-01, being submitted for assay as of today.

President Noah Komavli: "Visiting the region and project was eye-opening, very enjoyable and a whirlwind of activity. The Tak boasts scale, something you don't see or appreciate on regional maps due simply to the dominance of our neighbours, NexGold, Kenorland and Dryden Gold. While in the area, I had the pleasure of meeting with many stakeholders, ensuring Ashley has the necessary local connections for long-term operational support."

Drilling operation update

The following holes have been completed thus far during phase 1 drilling:

• Pad 1, hole 1: undercut and step back from TAK-99-10; logging and cutting completed;
• Pad 2, hole 2: east fan on TAK-02-02; logging and cutting continuing;
• Pad 2, hole 3: west fan on TAK-02-02;
• Pad 3, hole 4: north hole to test undrilled zones under the historically worked trenches.

Core logging and assay update

Core logging and cutting are progressing at anticipated rates, with current focus on TAK-26-02. As disclosed, TAK-26-01 has been logged and cut, with delivery of samples to ActLabs Dryden anticipated for today.

TAK-26-02 update

This hole was designed as an eastward fan of Southern Rio TAK-02-02, with a completed drill length of 200 metres.

National Instrument 43-101 disclosure

The technical information in this news release was reviewed and approved by Shannon Baird, PGeo, a qualified person as defined in National Instrument 43-101. Mr. Baird is exploration manager of Ashley and registered as a professional geoscientist with the Professional Geoscientists of Ontario, as well as the Engineers and Geoscientists of British Columbia.

Management cautions that core visuals are selective in nature to begin with and are not representative of the hole in its entirety or indicative of any grade over all. Samples have not been submitted, and, therefore, assay results are pending, and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.

About Ashley Gold Corp.

Ashley 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 100-per-cent ownership in Santa-Maria, Burnthut (including the Tak patents), Howie and Alto-Gardnar claims, as well as in British Columbia with the Icefield portfolio having two highly prospective claim packages.

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