Mr. Noah Komavli reports

ASHLEY GOLD CORP. ANNOUNCES FILING OF NI62-103 EARLY WARNING REPORT

Ashley Gold Corp.'s president, Noah J. Komavli, has filed an updated early warning report pursuant to National Instrument 62-103, in connection with a transaction that resulted in a 2-per-cent change from Jan. 14, 2026, reporting.

Ownership

Mr. Komavli, through direct ownership and through the control and direction of 1000903966 Ontario Inc., holds a total of 13,048,150 common shares, representing approximately 15.11 per cent of the company's common share, free trading float.

In addition, Mr. Komavli holds the following unexercised securities of the company:

• Options: 600,000 (direct);
• Warrants: 759,375 (1000903966 Ontario Inc.), 2,106,250 (direct).

On a fully diluted basis, 16,513,775 of 118,894,980 fully diluted shares are under the control and direction of Mr. Komavli. This represents a 13.89-per-cent control over all securities.

The early warning report will be filed on SEDAR+ under the company's profile. For further information or to obtain a copy of the report, please contact the company.

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 Santa-Maria, Burnthut (and the Tak patents), Howie, Alto-Gardnar claims, as well as in British Columbia with the Icefield portfolio having two highly prospective claim packages.

We seek Safe Harbor.