Ashley Gold Corp. Provides Interim IP Data, 1km Resistive Trend Unveiled on the Tak Patents, Abutting NexGold Goliath-Gold Complex

Highlights:

• 19.5km of IP lines at 50m spacings completed over the main zone

• Interim data received and highlights possible extent of porphyry body

• IP highlights a 1 km resistive trend on surface, with moderate coinciding chargeability

• Perron Contracting engaged for pad clearing and drill road work, a local 100% owned Indigenous business

President Noah Komavli;

"The acquisition of this data will allow for efficient drill targeting with minimal trenching. So far, we are encouraged by what we see. The most important early indicators are the characteristics of moderate chargeability and coinciding high resistivity in areas of historic drilling. This resistive body showcases wide and consistent responses in the interim 2d, surface level model. We await the full, processed dataset.

Our focus will be historic confirmations and step outs along the main trend, guided by the interim 2D data. The next drill program will follow-up using the inverted 3D model.

We are also excited to announce a work program with Perron Contracting, a local firm that is 100% owned by Indigenous. Perron is an industry leader in remote work and we look forward to a mutually beneficial relationship."

Project Overview: Burnthut & Tak Patents

The Company holds a 100% stake in the Burnthut Project, which is composed of 83 mining claims, 6 patents and 1 mining license of occupation for 1,900 ha. The Burnthut project is strategically situated against the north-east of the Goliath-Gold complex, operated by NexGold Mining Corp. Recently, Kenorland Minerals Ltd. has staked against the Burnthut's southern boundary. The Tak patents were formerly owned and worked by Lac Minerals (Barrick). A 5% NSR with a 2.5% buyback for $1 million is held by Royal Gold Inc., limited to the Tak boundary. The Burnthut main block has no outstanding NSR's, which includes claims along strike of the Tak and covering the Wedge Occurrence.

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Figure 1: IP Survey Extent in the Tak Patents - Burnthut Property

Interim 2D IP Data

On February 10th, 2026 the Company announced the engagement of Abitibi Geophysics for the deployment of their 3D OreVision system over Ashely's 100% owned Tak Patents. On February 16th, 2026, the crew began mobilization to site. Line cutting preceded the installation of the surficial wires required for the readings.

On March 10th, 2026, the crew completed the line readings, with de-mobilization occurring on March 11th, 2026. 19.5km of production lines were run, with the Eastern most extent of the Tak Patents being excluded from reading. This area will be the target of a future reading once the mining claims comprising the Burnthut Project are brought into a permitted status, avoiding short IP lines limited to the Eastern patent boundary.

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Figure 2: Preliminary Surficial Resistivity & Historic Drill Holes

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Figure 3: Preliminary Surficial Resistivity

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Figure 4: Preliminary Surficial Chargeability

References

Property MDI Link: https://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000002119.html

Wedge Zone assays: https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52G13NW2001/52G13NW2001.PdF

Triex logs (Tak-99 holes):

https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52G13NW2002/52G13NW2002.Pdf

Southern Rio logs (Tak-02 holes):

https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/assessment/52F16NE2006/52F16NE2006.Pdf

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. 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% ownership in Santa-Maria, Burnthut, 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.

NI 43-101 Disclosure

The interim induced polarization (IP) data referenced herein is preliminary in nature and represents ongoing exploration activities. This data has been reviewed by a qualified person (as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")), but full verification, including comprehensive quality assurance/quality control (QA/QC) procedures, sampling protocols, and analytical testing, remains incomplete. Any limitations on the verification process include the interim status of the dataset, potential for data adjustments upon final processing, and the absence of complete integration with other geological or geophysical information.

Readers are cautioned that this preliminary IP data is conceptual and interpretive, does not constitute a mineral resource or reserve estimate, and should not be relied upon for economic evaluations or investment decisions. There is no certainty that the interim findings will be confirmed or lead to the discovery of economically viable mineralization. Further exploration, data processing, and validation are required to assess the significance of these results.

The scientific and technical information pertaining to this interim IP data has been prepared in accordance with NI 43-101 and reviewed and approved by Darcy Christian, P.Geo., a Qualified Person under NI 43-101. Mr. Christian is CEO of Ashley Gold Corp. and is non-independent.

This disclosure may contain forward-looking statements regarding future exploration plans and outcomes, which are subject to risks and uncertainties, including but not limited to geological interpretations, market conditions, and regulatory changes. Actual results may differ materially from those anticipated.

Some results discussed in this document are historical. Ashley nor the qualified person have performed sufficient work or data verification of the historical data. Although the historical results may not be reliable, the Company nevertheless believes that they provide an indication of the Project's potential and are relevant for any future exploration program. Grab samples are selective in nature and may not represent true underlying mineralization.

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. 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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