Ashley Gold Corp. Announces Operational Readiness for Tak Drilling, Engages Abitibi Geophysics for IP Survey on Tak Patents, Crew to Mobilize February 16th

10.02.2026  |  The Newswire

CALGARY - Ashley Gold Corp. (CSE: "ASHL") ("Ashley" or the "Company") is pleased to announce that Abitibi Geophysics' 3D OreVision will be deployed over the Tak Patents.

President Noah Komavli on the update;

"Ashley is in a state of operational readiness for the largest drill campaign in company history. We are moving quickly to secure data needed for deep drilling, step outs and target selection. OreVision is a system that works well in the Dryden area, and case studies have proven its effectiveness on QFP bodies elsewhere in Canada.

This will be the first modern survey ever conducted on the patented ground, I am excited to receive and execute on results.

On successful close of our offering, we will mobilize a drilling crew to site, with contractor selection already completed. The first priority will be to twin the historic zones, bringing historic holes into compliance. Data from the IP survey will then support next steps.

The Company has elected to keep the majority of costs in-house; securing and retrofitting two shipping containers for mobile core cutting and logging sites. A Husqvarna MS-610 core saw and diamond blades have also been procured, ready for installation and subsequent cutting later in February."

OreVision Applied to the Tak Patents:

Applying OreVision IP surveys to the Tak Patents could significantly enhance exploration efforts by leveraging its strengths in 3D modeling and deep resolution:

• Tracing Mineralization Extent: Similar to the Goldboro Project case study, OreVision's 3D chargeability and resistivity models could map the QFP body's boundaries and associated alteration zones. Chargeability anomalies would highlight sulfide-rich areas often linked to gold mineralization in orogenic systems, while resistivity data could identify silicified or conductive overburden features, revealing hidden extensions or superimposed targets.

• Overcoming Geological Challenges: The Dryden area's potential conductive overburden and rough topography make conventional IP less effective. OreVision's multi-electrode setup and noise-reduced cable would provide high-resolution data through these layers, detecting deeper responses (e.g., beyond historic shallow intercepts) without losing detail on near-surface high-grade zones.

• Drill Target Optimization: With thorough QA/QC and 3D inversions, the survey could generate accurate, untested drill targets. For instance, it could delineate the 1.5 km corridor's full potential, identifying priority areas for Ashley Gold's planned drilling program (as announced in early 2026 financing updates). This aligns with the company's focus on aggressive delineation, potentially accelerating resource definition.

• Cost-Effective Integration: At a cost comparable to traditional surveys, OreVision could be paired with follow-up borehole IP for deeper validation between drill holes, expanding investigation volumes. Given the property's historical significance and proximity to established gold complexes, this could uncover major anomalies missed by prior conventional methods and show the full extent of known zones.

References:

https://www.ageophysics.com/en/innovation/orevision-2d-3d-ip

NI 43-101 Disclosure

The technical information in this news release was prepared and reviewed by Darcy Christian, CEO, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Christian is registered as a Professional Geoscientist with Engineers Geoscientists of Alberta. Mr. Christian is non-independent of Ashley Gold Corp.

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.

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 (including 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. 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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