Ashley Gold Corp. Reports Final Assay Results from Phase 1 Drill Program at Tak Patents

CALGARY, ALBERTA – June 23, 2026 — Leads & Copy — Ashley Gold Corp. (CSE: “ASHL”) announced today it has received the final assay results from its Phase 1 drill program on its wholly owned Tak Patents. The program targeted the Tak project, which the company acquired on January 6, 2026. Highlights from the program include TAK-26-04, which returned 0.996 g/t Au over 16.00 m, including 1.505 g/t Au over 10.25 m near surface. This interval was within 118.23 m of anomalous gold values and terminated shortly after intercepting 3.61 g/t Au over 0.3 m. Hole TAK-26-05 yielded 7.39 g/t Au over 0.5 m at 8.00 m downhole, as well as 0.426 g/t Au over 15.00 m, which included 0.738 g/t over 6.00 m.

The company also provided updates on ongoing work, stating that management is heading to the site for active prospecting based on IP data, with further field updates to follow. Phase 2 logging and cutting are underway, with four holes pending from the 67Z area. Additionally, 32 grab sample assays are still pending from prospecting efforts along strike and within the NTZ.

President Noah Komavli stated, “The Company has intercepted gold values in all holes drilled on the Tak to date, with near surface, bulk tonnage gold values being the standout theme. As we progress with more advanced targeting based on our field and IP results, I look forward to working towards discovery and expansion of these known zones in this underexplored, yet highly promising area of the belt.”

CEO Darcy Christian added, “This was a great first drill program on the Tak for Ashley. I am pleased to see the width potential of the D99Z developing to over 100m and will be interested in seeing the results of Phase II as we begin to test the strike potential of the larger shallow system.”

The Phase 1 program involved five holes (TAK-26-01 to TAK-26-05), designed as twins or fans of historic holes. Core logging and cutting revealed strong alteration, pyrite, and quartz-carbonate veining, with multiple visible mineralization examples. Hole TAK-26-01, reported on May 14, 2026, yielded 1.104 g/t Au over 28 m from the collar, including 1.662 g/t Au over 12 m, confirming historic near-surface mineralization in the D99Z zone. Hole TAK-26-02, reported on May 20, 2026, returned multiple gold intervals, including 0.586 g/t Au over 34.2 m from surface within 194.1 m of anomalous gold mineralization, further confirming broad width and continuity of the D99Z stockwork system south of TAK-26-01.

Hole TAK-26-03, drilled west from the same pad as TAK-26-02, intercepted anomalous grades from start to finish, assaying 0.22 g/t Au over 156.5 m, including 0.580 g/t Au over 12.65 m within 0.332 g/t Au over 28.65 m. TAK-26-04, drilled north from the TAK-99-10 collar location, intercepted 1.505 g/t Au over 10.25 m near surface, within 0.996 g/t Au over 16.00 m from the collar, within 118.23 m of anomalous gold values. TAK-26-05, the farthest easterly hole at depth, intercepted 0.319 g/t Au over 36.65 m from the collar, including 0.426 g/t Au over 15.00 m and 0.738 g/t Au over 6.00 m.

The company adheres to a strict QA/QC protocol, submitting samples for gold determination by fire assay to ActLabs in Dryden, Ontario. Drill core is systematically cut in half, with sample lengths typically 1.0 metre, adjusted as necessary. The technical information in this news release was prepared and/or reviewed by Darcy Christian, P.Geo., a Qualified Person as defined in National Instrument 43-101 and the company's CEO.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing prospective gold and polymetallic deposits in Canada. Its flagship assets are in the Dryden Area in Ontario, including the Burnthut Project, which encompasses the Tak Patents, Howie, and Alto-Gardnar claims.

Source: Ashley Gold Corp.