Ashley Gold Corp. President Files Updated Early Warning Report

Calgary, Alberta — October 22, 2026 — Leads & Copy — Ashley Gold Corp. (CSE: ASHL) announced today that its President, Noah J. Komavli, has filed an updated Early Warning Report. This filing is made in accordance with National Instrument 62-103 and relates to a transaction that caused a 2% change from the reporting filed on June 8, 2026.

Mr. Komavli, through direct ownership and control of 1000903966 Ontario Inc., currently holds 17,129,150 common shares. This represents approximately 14.18% of the company's free trading float.

Additionally, Mr. Komavli holds unexercised securities in the Company, including 600,000 options directly and 759,375 warrants through 1000903966 Ontario Inc., along with 2,106,250 warrants held directly.

On a fully diluted basis, Mr. Komavli has control and direction over 20,594,775 securities out of a total of 124,219,095 fully diluted shares. This amounts to a 16.58% control of all outstanding securities. The Company confirmed that no options or warrants are scheduled to expire within the next 60 days.

Ashley Gold Corp. currently has 120,753,470 shares issued and outstanding. The Early Warning Report will be made available on SEDAR under the Company's profile.

Ashley Gold Corp. is a Canadian mineral exploration company focused on the acquisition and development of prospective gold and polymetallic deposits in Canada. The Company's primary assets are located in the Dryden Area of Ontario, where it holds 100% ownership in Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims. In British Columbia, Ashley Gold Corp. has optioned the Icefield Portfolio, which consists of two promising claim packages.

Source: Ashley Gold Corp.