(via TheNewswire)

Calgary, Alberta – TheNewswire - September 16, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley ” or the “Company ”) is pleased to announce that it has concluded a week-long prospecting over select areas on the Tabor-Sakoose and Howie Projects, located in the Eagle-Wabigoon greenstone belt. The Company has kicked off core cutting of the historic Twilight Zone core.  

Highlights:

• Twilight Zone core cutting commencing (1987 core from Esso Minerals)  

• 11 additional grab samples submitted for assays  

• Concludes Sakoose accelerated ownership 

Noah Komavli, President of Ashley Gold Corp, commented after concluding the field visit and on the core cutting program;

 “Upon visiting two of our project sites and assisting in the field, it has broadened my understanding of the company’s properties. I am pleased with the quality of work completed thus far and have a new-found appreciation of the scale of these properties. With time spent on Tabor-Sakoose, particularly on the Santa-Maria and HW 486 showing on the Sakoose East, the realization of the greenfield nature of the claims outside of the past producing mine sites hits home.                                                                            

At Howie we visited known mineralized areas (Katisha, Howie, Twilight) which go hand-in-hand with anomalies from the induced polarization survey. This area is a small fragment of the overall property and shows promise.

Both sites are road accessible via maintained and recently refurbished logging roads.

With Twilight Zone core cutting now commencing, we will look at validating our thesis of a near-surface, bulk tonnage target”.

Twilight Zone Core Cutting

As previously disclosed, the Company is pleased to confirm that core cutting has now officially begun, on schedule. See prior release dated September 9, 2025 for visuals of the historic core.

Prospecting and Project Updates  

Members of the executive team and field team were active across two project sites during the second week of September, 2025. A total of 11 grab samples are now pending from prospecting and sampling over various areas.

Tabor-Sakoose - Lee Lake Southeast & Santa-Maria Area

The Lee Lake Southeast occurrence is located in a recently clear cut area, with freshly refurbished logging roads. It is situated just 800m northeast of the wide, northwest-trending Kawashegamuk Lake shear zone, and occurs at the eastern margin of an extensive area of intense carbonate alteration [1]. Past small-scale mining occurred in an open cut within an approximately 20m wide shear zone. Additional quartz veins were observed along the shear. This target is yet to be drilled and has not been the subject of geophysical studies.

Figure 1: Project Manager Will Kuran and CEO Darcy Christian planning Lee Lake Occurrence Entry

The Santa-Maria 1 pit is located just North-West of the Lee-Lake occurrence along the same logging road. Host rock outcrops on either side of the logging road. The Santa-Maria pit was visited, and is mostly filled or caved in, with two visible quartz veins running into the east side wall. A 12 inch wide quartz vein was sampled, with trace galena observed in clusters, as well as trace chalcopyrite and pyrite.  

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Figure 2: CEO Darcy Christian in the Santa Maria 1 pit - quartz vein (left)

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Figure 3: CEO (left) and President (right) bagging a Santa Maria quartz sample, on edge of the pit

Tabor-Sakoose - HW 486 Showing

The HW 486 Showing is located in Sakoose East, close to a regional batholith. This occurrence was blasted in the past, with float rock observed. The team removed moss cover from the rock face to expose mineralization. The host rock is characterized by a magnetic silicified metavolcanic, with trace disseminated sulphides observed. Two blue-grey quartz boudins were observed on the exposed face, with trace amounts of pyrite and marcasite.  

Figure 4: HW 486 showing exposed and sampled

Sakoose

As disclosed in a press release dated September 9, 2025 , the terms of the accelerated ownership have been fulfilled. Claims will now be transferred to Ashley Gold Corp. for 100% ownership.

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Figure 5: Sakoose open cut, facing east, viewed during site visit

References

[1] https://www.geologyontario.mines.gov.on.ca/mineral-inventory/MDI52F08NW00012

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Darcy Christian, CEO, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta.

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 Corp. is a Canadian mineral exploration company focussed 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% ownership in Burnthut, Tabor, Howie, Alto-Gardnar and Sakoose claims as well as in British Columbia with the Icefield Portfolio having three highly prospective claim packages.

For more information, please refer to the Company’s information available on SEDAR+  

(www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

Noah J. Komavli , President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

Connect With Ashley:

www.ashleygoldcorp.com

X: https://x.com/AshleyGoldCorp

Forward-Looking Statements

This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out in the Company’s documents filed on SEDAR+ (www.sedarplus.ca) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”

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