Mr. Noah Komavli reports

ASHLEY GOLD CORP. SUBMITS TAK-26-02 FOR FIRE ASSAY, SHARES EXAMPLE MINERALIZATION, PROVIDES UPDATES

Ashley Gold Corp. has shared visuals and operational updates from its concluded phase 1 diamond drilling program on the 100-per-cent-owned Tak patents.

Highlights:

• Core logging and cutting well under way;
• Five holes completed;
• TAK-26-01 and TAK-26-02 assays pending.

President Noah Komavli: "Equipment remains ready for phase 2 execution following the winter melt. This pause in drilling will allow us to work towards completing logging and cutting, as well as give our team time to receive the interpreted IP data from the recently completed survey. As investors may know, I was on site for the completion of hole 2 cutting, as well as delivery of the halved core to ActLabs Dryden -- example mineralization is highlighted below."

Exploration manager Shannon Baird on TAK-26-02: "The bottom of TAK-26-02 displayed a pervasive green sericite-chlorite alteration, brecciation and quartz veining accompanied by an increased sulphide content, all of which could potentially indicate a higher degree of interaction with hydrothermal fluids. Hole 2 was our deepest and farthest north hole giving us more confidence to test beyond this in phase 2."

Drilling operation update

The following holes have been completed during phase 1 drilling. With three holes still to be cut to completion and submitted for fire assay.

Core logging and assay update

Core logging and cutting is progressing at anticipated rates, with current focus on TAK-26-03. As disclosed, TAK-26-01 and TAK-26-02 have been logged and cut, with assay results now pending. TAK-26-02 cutting was completed on Wednesday, April 29, 2026, and subsequently delivered to ActLabs Dryden by company management.

TAK-26-02 visuals

Clarification to April 28, 2026, release

The company wishes to address a small error in the prior press release. All shares and cash were received as of April 28, 2026, not 2028. The ticker of the acquisition company is (Alternative Investment Market: RHR), shareholders are invited to follow along with their updates as they continue to work the property.

In addition to the disclosure provided on April 28, 2026, the company wishes to add that the shares have been issued, but are subject to rolling unlock dates every six months, starting Oct. 15, 2026. The next tranche unlocks April 15, 2027, and the final tranche is Oct. 15, 2027. Each tranche is approximately $100,000.00 in book value as of the date of issuance.

All other figures remain as presented.

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.

* Management cautions that core visuals are selective in nature to begin with and is not representative of the hole in its entirety or indicative of any grade overall. Assay results are pending and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.

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

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