Ashley Gold Corp. Announces Filing of Early Warning Report, President Surpasses 10% Ownership Threshold
Calgary - Ashley Gold Corp. (CSE: ASHL) ("Ashley" or the "Company") today announces that its President, Noah J. Komavli, has filed an updated Early Warning Report pursuant to National Instrument 62-103, in connection with a transaction that will result in him exceeding 10% ownership of the Company's common shares. "This milestone reflects my continued confidence in Ashley Gold Corp.'s strategic direction and growth potential," stated Noah Komavli, President of Ashley Gold Corp. "I am committed to driving value for our shareholders as we advance our exploration and delineation initiatives - and look forward to continuing to support the company. This winter exploration season could be characterized by aggressive drilling on the Tak, I look forward to providing guidance as plans materialize."
Transaction
The Tak Patent transaction announced January 6, 2026, involves the issuance of securities.
After giving effect to the issuance, Ashley Gold Corp. has 74,189,873 issued and outstanding securities.
Ownership
Mr. Komavli, through direct ownership and through the control and direction of 1000903966 Ontario Inc., holds a total of 9,643,200 common shares, representing approximately 12.998% of the Company's common share, free trading float.
In addition, Mr. Komavli holds the following unexercised securities of the Company:
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Options: 600,000,
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Warrants: 275,000 (1000903966 Ontario Inc.), 1,975,000 (Direct).
On a fully diluted basis, 12,493,200 of 105,498,878 fully diluted shares are under the control and direction of Mr. Komavli. This represents a 11.842% control over all securities.
The Early Warning Report will be filed on SEDAR under the Company's profile at www.sedar.com. For further information or to obtain a copy of the report, please contact the Company at the details provided below.
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 (and the Tak Patents), 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. Project timelines are highly dependent on future financing. 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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