Mr. Noah Komavli reports

ASHLEY GOLD CORP. RE-MOBILIZES FOR FURTHER GROUND WORK AT THE HOWIE AND ALTO PROJECTS, DRYDEN, ON

Ashley Gold Corp. will complete further ground work prior to the winter drilling season.

President Noah Komavli on the update:

"This is an excellent time of year to view outcrops and structure as seasonal foliage dies off. Our exploration team will arrive in the area next week and be present on the Howie to gain a better handle on the complex mineralization that outcrops at the Katisha, Howie and Twilight zones.

"Ultimately, drill pad planning and scoping will be a top priority at the permitted Howie project, as we await drill core assays to guide next steps and work towards a state of drill readiness.

"At the Alto project, trail brushing will facilitate ease of access for advanced activities. Channel cuts will then follow across the outcrop, which is known to host nuggety gold in quartz. This is an important next step to understand continuity, building on prior grab samples that have returned highs of 106 g/t Au.

"Our team will be working on permitting across the portfolio, and the Alto represents a compelling target with high-grade historic values at surface, such as 2.016 oz/t over 0.75 ft. This ground work sets the stage for maiden drilling once permitted.

"These foundational measures align with our efforts to usher in the next gold discovery in the district."

Project history -- Alto project

1937

Gold discovered at Alto-Gardner by L.W. Alto and W. Gardnar (Berger, 1989).

1940

Sandybeach Lake syndicate; stripping, trenching, bulk sampling, including 125-ton bulk sample from an open cut with a reported grade of 0.231 ounce per ton (opt). In 1943, Satterly reported the bulk sample ran 0.081 opt, although the discrepancy between the two values is unresolved.

1982

Ground restaked by K. and M. Bernier, who cut a grid and conducted a ground VLF survey, in addition to resampling historic trenches.

1983

Report highlighting a strong northeast-southwest-striking quartz vein system in Keewatin greenstone intruded by quartz porphyry, with favourable geology for gold mineralization similar to nearby deposits. The main vein extends over 1,000 feet with widths up to 24 feet, showing visible gold, pyrite, chalcopyrite and commercial assays up to 0.37 oz/ton gold.

1986

Loydex Resources Inc. flew airborne magnetometer and EM survey over the area including the Alto-Gardnar shear zone ( Terraquest , 1987)

1995:

Champion Bear Resources drilled four diamond drill holes on the Alto-Gardnar property (Pryslak and Sears, 1995).

2006

Gossan Resources conducted a field program involving 340 metres of mechanical stripping, detailed geologic mapping, channel sampling of 273 samples, prospecting and MMI soil sampling to define the structural controls and extend the shear zone. Results revealed anomalous gold values up to 9.69 g/t primarily in sheared mafic volcanics with quartz stringers and alteration, alongside identification of potential shear extensions up to 2.3 kilometres northeast. Conclusions highlight two styles of gold mineralization -- in quartz veins and shear zones -- recommending reassaying for nugget effects, petrographic analysis and drilling to further evaluate the property's potential.

October, 2022

Ashley acquires the Alto-Gardnar project.

May, 2024

Ashley Gold discovers new vein at alto-Gardnar assaying 106 grams per tonne Au (gold).

Project history -- Howie property

May, 1987

Esso Minerals conducts a two year program on Howie (known as Snake Bay). Historic drilling logs from 1987 detail wide zones of mineralization. Assays redacted.

November, 2022

Initial surface prospecting and sampling at Main Katisha shear zone yielded assay results up to 52.80 g/t Au, validating the zone's gold potential.

January, 2023

Planned high-resolution drone magnetics survey to target deeper mineralized zones, inspired by Dynasty Gold's Thundercloud project results.

April, 2024

Secured exploration permit and Ontario Junior Exploration Program funding, enabling advanced geophysical surveys and sampling.

October, 2024:

Completed induced polarization (IP) survey over two km of lines to define 2025 drill targets for subsurface mineralization.

March, 2025

Reviewed IP survey data, expanded the project by two claims and identified new targets along strike for further exploration.

May, 2025

Conducted mechanical stripping, outcrop washing and channel sampling at Katisha zone, with channel cut assay results up to 20.2 g/t Au, confirming continuity of gold mineralization in a five-to-10-metre-wide deformation zone. Expanded strike with discovery of 1.6 g/t Au sample based on IP data.

September, 2025

Located Snake Bay historic core, channel sampling completed at the Twilight zone outcrop. Representative channel values delineate a wide gold-bearing corridor, above peer open pit cutoffs.

National Instrument 43-101 disclosure

The technical information in this news release was prepared and reviewed by Darcy Christian, chief executive officer, 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. Ashley nor the qualified person have 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.

Management cautions that grab samples are selective in nature, and the assay results may not necessarily represent true underlying mineralization.

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 Tabor/Sakoose, Burnthut, Howie and Alto-Gardnar claims, as well as in British Columbia with the Icefield portfolio having three highly prospective claim packages.