Mr. Noah Komavli reports

ASHLEY GOLD CORP. ANNOUNCES $420,000 CRITICAL METAL FLOW-THROUGH FINANCING

Ashley Gold Corp. has launched a financing for gross proceeds of up to $420,000.

Flow-through funds are expected to be used for eligible exploration expenses, including drilling at the company's permitted projects and will be renounced by the company Dec. 31, 2026.

President Noah Komavli: "With equipment in position on the Tak and recent drilling highlighting some of the best visual mineralization we have seen thus far, we are opening this modest financing to ensure we can keep up our forward momentum. We expect a quick close with open interest of $300,000 reflected."

The offering will consist of a critical metal flow-through (CFT) common share at an issue price of six cents per common share. The offering is being made by way of private placement in Canada and such other jurisdictions as the company may determine. The company intends to renounce the qualifying expenditures to subscribers of CFT common shares for the fiscal year ended Dec. 31, 2026, and to incur the necessary qualifying expenditures on or before Dec. 31, 2026, in accordance with regulatory requirements.

In connection with the issue and sale of the units under the offering, the company may pay finder fees and finder warrants to eligible finders at the discretion of the board of directors.

The existing shareholder exemption and investment dealer exemption

The offering will be made available to existing shareholders of the company who, as of the close of business on June 9, 2026, held common shares of the company (and who continue to hold such common shares as of the closing date), pursuant to the prospectus exemption set out in B.C. Instrument 45-534 -- Exemption From Prospectus Requirement for Certain Trades to Existing Security Holders and in similar instruments in other jurisdictions in Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If the company receives subscriptions from investors relying on the existing shareholder exemption exceeding the maximum amount of the financing, the company intends to adjust the subscriptions received on a pro rata basis.

The company has also made the offering available to certain subscribers pursuant to B.C. Instrument 45-536 -- Exemption Form Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance with the requirements of the investment dealer exemption, the company confirms that there is no material fact or material change about the company that has not been generally disclosed.

The offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.

National Instrument 43-101 disclosure

The technical information in this news release was prepared and/or reviewed by Darcy Christian, 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 arm's length of the company and serves as director and chief executive officer.

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 100-per-cent ownership in Burnthut (and the Tak patents), Howie, Alto-Gardnar claims. In British Columbia, the company has optioned out the Icefield portfolio, which includes two highly prospective claim packages.

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