Ashley Gold Corp. Shares Phase 1 Drilling Program Update

CALGARY, ALBERTA — April 23, 2026 — Leads & Copy — Ashley Gold Corp. has shared visuals and operational updates from its completed Phase 1 diamond drilling program on the 100% owned Tak Patents.

The company's Phase 1 drilling program included the completion of five holes, and core logging and cutting are underway. Assays for TAK-26-01 are pending.

President Noah Komavli said the first phase program was a success in terms of execution and meterage completed prior to Spring breakup. Although the crew has demobilized, the equipment remains ready for Phase 2 execution following the melt. The pause in drilling will allow the team time to complete logging and cutting, as well as receive the interpreted IP data from the recently completed survey, Komavli said.

The following holes were completed during Phase 1 drilling:

Pad 1, Hole 1 (Assays pending): Undercut and step back from TAK- 99-10. Logging and cutting completed.

Pad 2, Hole 2: East fan on TAK-02-02. Logging and cutting ongoing.

Pad 2, Hole 3: West fan on TAK-02-02.

Pad 3, Hole 4: North hole to test undrilled zones under the historically worked trenches.

Pad 4, Hole 5: Southern facing hole collared between TAK-99-10 and TAK-99-09, with the eastern most extent of the program at depth.

Core logging and cutting is progressing, with focus on TAK-26-02. TAK-26-01 has been logged and cut, with assay results now pending.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing gold and polymetallic deposits in Canada’s top mining regions. The Company’s flagship assets are in the Dryden Area in Ontario with 100% 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 claim packages.

More information is available on SEDAR+ and the company's website.

Source: Ashley Gold Corp.