Mr. Darcy Christian reports

ASHLEY GOLD CORP. SUBMITS TAK-26-03 FOR FIRE ASSAY, SHARES EXAMPLE MINERALIZATION

Ashley Gold Corp. has shared operational updates from its concluded phase 1 diamond drilling program on the 100-per-cent-owned Tak patents.

Highlights:

• Core logging and cutting progressing;
• Five holes completed during phase 1 drill program;
• TAK-26-01, TAK-26-02 and TAK-26-03 assays pending.

President Noah Komavli said: "Hole 2 and hole 3 begin to tell us an interesting story at depth, with hole 2 being the deepest hole drilled in phase 1 and in the history of the property. The data collection in both holes starts to depict increasing sulphide content at depths, with hole 3 drilled farther west than hole 2 -- delivering thicker veining and increasing overall sulphide content towards hole termination. A noted increase of chalcopyrite was observed in this hole when compared with TAK-26-02."

Core logging and assay update

Core logging and cutting are progressing at anticipated rates, with current focus on TAK-26-04. As disclosed, TAK-26-01, TAK-26-02 and TAK-26-03 have been logged and cut, with assay results pending. TAK-26-03 cutting was completed on Monday, May 4, 2026, and subsequently delivered to ActLabs Dryden by a company representative.

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.

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 the 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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