Mr. Noah Komavli reports

ASHLEY GOLD CORP. ANNOUNCES STRATEGIC ACQUISITION OF THE HYNDMAN FLANK PROJECT, SURROUNDED BY DRYDEN GOLD CORP.

Ashley Gold Corp. has secured 100-per-cent ownership of 31 mining claims covering 1356 acres within Dryden Gold Corp.'s Hyndman project.

President Noah Komavli:

"The acquisition is a strategic move to secure highly sought after ground, with excellent access, in an area where our peers have shown considerable success with gold-in-till results. Our focus will remain on our near-term catalysts from our flagship Tak patents and Alto-Gardnar projects. This addition was seen as a natural add-on, and can be easily maintained in our portfolio for future optionality."

Transaction

• $15,500 to be paid to the property vendor;
• No NSR (Net smelter return).

The proposed transaction is non-arm's-length and is subject to all customary approvals, including exchange acceptance. The resolution was circulated on Aug. 18, 2026, and moved Aug. 19, 2026. 1000903966 Ontario Inc., under direction of its principal, Noah J. Komavli, engages in claim staking and acquisition in the Ontario MLAS. All claims are offered to Ashley Gold at acquisition or staking costs, with no NSR. During staking and attempted staking, all efforts are disclosed to the company directors and geological team to ensure transparency and to work cohesively in the event of shared interest. The terms of the acquisition between 1000903966 Ontario and the original property vendor was disclosed to the board. A resolution was then drafted for Ashley to acquire the claims from 1000903966 Ontario at cost, of which the board voted in favour, while Mr. Komavli abstained from the vote. 1000903966 Ontario will hold claims as a trustee until transfer occurs. The beneficial title will be Ashley's, as per agreement.

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 Gold and registered as a professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

The scientific and technical information below is disclosed solely with respect to nearby properties. Information disclosed from nearby properties is not necessarily indicative of the mineralization on the property that is the subject of this disclosure.

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 Burnthut (including Tak patents), Howie, Alto-Gardnar and Hyndman Flank claims, as well as in British Columbia with the Icefield portfolio having two highly prospective claim packages, which are out under option.

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