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CALGARY, ALBERTA - October 30, 2025 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley ” or the “Company ”) is pleased to announce that it has received and compiled assay data for its ground geological sampling program, previously announced September 11, 2025 .

Highlights:

• Confirmed the historically identified northwest-trending high-grade corridor, extending over approximately 1.2 km at surface 

• Peak assays of 6.61 g/t Au (GM25-FS006), 204 g/t Ag (GM25-FS005), and 2.06 % Cu (GM25-FS006) returned from outcrop grab samples 

• Antimony (Sb) values up to 0.17 % associated with high-grade zones 

• 15 outcrop grab samples collected for assay and analysis 

President Noah Komavli on the assays;

“Gold Mountain continues to demonstrate early hallmarks of grade and scale at surface, necessitating the next steps of diamond drilling.

These results continue to demonstrate that Ashley Gold Corp. has consolidated a significant portfolio of high potential projects that will contribute to our mission of discovering the next gold resource in Canada.

As we look at next steps, the Notice of Work for Gold Mountain diamond drilling has already been submitted, and we will now advance permitting on the sister property, Vertebrae Ridge, which hosts an approximate 4 km long trend of high-grade copper and silver at surface, as well as anomalous gold.

We look forward to further updates out of these high-grade properties and will shift focus over the late fall and winter to our drilling plans in Dryden, Ontario.

As previously disclosed, several assays still remain outstanding; including Howie multi-element channel results as well as the Alto-Gardnar channel sampling results. ”

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Figure 1: Gold Mountain Results

Table 1: Significant Assay Table

Results

The 2025 helicopter-supported ground program was completed over two field days, with crews mobilized from Golden, BC. The program was successful in confirming the historically identified northwest-trending corridor of elevated gold, silver, and copper mineralization, with no significant results returned outside of the main trend.

The North showing returned the highest gold grades from the 2025 exploration program, highlighted by 6.61 g/t Au and 2.06% Cu (GM25-FS006) and 6.46 g/t Au and 194 g/t Ag (GM25-FS010). Sample GM25-FS005 yielded the highest silver result at 204 g/t Ag, accompanied by 1.45% Cu and 4.01% Pb.

Additional trace elements of interest, such as antimony, were also encountered, with values of 0.15% and 0.17% Sb returned from samples GM25-FS006 and GM25-FS005, respectively. These results may serve as potential pathfinders for further mineralization during future exploration efforts.

The Gold Mountain Property remains in the permitting stage, with diamond drilling representing the next phase of exploration, aimed at testing mineralization at depth and driving near-term value creation.

About Gold Mountain

Gold Mountain is an early staged gold-silver project, located about 50 km northwest of Golden, British Columbia. The project consists of four claims covering approximately 1,863 ha.  Highlights include:

• North Showing : Grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu (Allen, 1982)  

• South Showing : Peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982)  

  • 1984 Drilling (Parr, 1984) : Notable intervals include:  

    • 4.14 m - 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb (Drillhole A)  

    • 4.85 m - 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb (Drillhole B)  

  • 2020-2021 Exploration : A Ag-Au-Pb-Zn-Cu-Sb mineralized system at Gold Mountain identified (see January 13, 2021 and January 4, 2022  news releases)  

    • Five samples returning 1,000 to 6,670 g/t Ag  

    • Eight samples returning 1,260 to 8,220 ppm Sb  

The Property’s mineral-rich history dates back to the 1930s and includes impressive showings of gold, silver, copper, and lead within a trend that spans over 600 meters. Past work has revealed high-grade values across two primary showings, North and South, which are separated by approximately 450 meters of talus – a zone where mineralized boulders suggest continuity of mineralization between the two showings.

The South Showing covers an area of 160 by 50 meters and features five vein exposures in multiple trenches, where high-grade mineralization has previously been sampled, including values up to 30.31 g/t Au, 13,301 g/t Ag and 32.54% Cu (Allen, 1982) . These veins trend toward the North Showing, which has been partially exposed by a shallow open cut and an old adit. Exploration during 1982 at the North Showing, near the adit, identified a 1 m wide quartz vein, which returned a grab sample of 4.87 g/t Au, 710 g/t Ag and 1.89% Cu indicating a rich polymetallic presence (Allen, 1982) . Together, these showings form a mineralized corridor that remains open at both ends.

Eight shallow backpack style drill holes were completed in 1984 (Parr, 1984) , though poor recoveries were noted, results include:

• 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb

• 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11% Cu, and 14.53% Pb

Samples collected in 2020 and 2021 confirmed the high-grade mineralization at both the North and South Showings, with five samples returning from 1,000 to 6,670 g/t Ag, and eight samples returning from 1,260 to 8,220 ppm Sb (January 13, 2021 and January 4, 2022 news releases).

Recent claim additions opened a path for expanded exploration aimed at uncovering the full extent of mineralization along this trend.

QA/QC Disclosure

All samples were collected in the field using a hammer and chisel. Locations were obtained using a handheld GPS or tablet with samples placed in pre-labelled sample bags. Flagging tape with sample numbers were left at each sample location. Samples were securely transported by field staff to AGAT Laboratories in Calgary, Ab in for standard sample preparation which includes drying, crush to 75% passing 2mm, riffle split 250 g, and pulverize 85% passing 75 microns. Samples were analyzed by multi-element by 4-acid digestion with ICP-OES finish (Method 201070) and gold by 30 g fire assay with AA finish (Method 202051); over-limits were re-assayed using appropriate high-grade protocols.

A Quality Assurance/Quality Control protocol was incorporated into the rock sampling program and included the insertion of two quartz blanks representing approximately 11% of submitted samples.

Management cautions that surface rock grab samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Nathan Schmidt., P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Schmidt is registered as a Professional Geoscientist with Engineers Geoscientists of British Columbia (#48336) and an employee of Dahrouge Geological Consulting Ltd. (Permit to Practice #1003035).

Some results discussed in this document are historical. Ashley Gold Corp. nor the qualified person have performed sufficient work or data verification of the historical data. Historical Ag and Au results from Gold Mountain were presented in original documentation as troy oz/short ton and were converted to g/t using conversion of 34.28. 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.

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 Santa-Maria, Burnthut, Howie, Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two 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, P.Eng, 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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