Ashley Gold Corp. Completes Disposition of Tabor-Sakoose, Adds Retained Santa-Maria Claims to the Sale, for Total Proceeds of $475k in Cash and Stock

13:30 Uhr  |  The Newswire

CALGARY - Ashley Gold Corp. (CSE: "ASHL") ("Ashley" or the "Company") is pleased to share an update in regards to its balance sheet and strategic investments.

Highlights:

• Completed disposition of the Tabor-Sakoose, $300,000.00 in equity of Richmond Hill Resources (AIM:RRI)

• Expanded agreement to include the retained Santa-Maria claims.

President Noah Komavli; "Continued exposure to these projects through significant equity is a natural synergy with our current focus.

On the Tabor-Sakoose, we have worked closely with the optionee to ensure a smooth transition, unlocking further value by divesting the retained Santa-Maria claims for $150k (included in headline value).

I look forward to growing our AUM, a strategic nest egg and backstopper of value while delineation efforts occur in our portfolio. These efforts will showcase our disciplined approach to capital management, building off our debt free position."

Sale of Santa-Maria

Previously, the Tabor-Sakoose transaction was structured as follows:

• $50,000 on signing, $50,000 on listing,

• $225,000 in equity of listed vehicle.

On the addition of the Santa-Maria Claims, the following was added to the agreement:

• $75,000 in cash on listing,

• $75,000 in equity of a listed vehicle.

In aggregate the final deal is as follows:

• $175,000 in cash,

• $300,000 in equity.

The Company is pleased to announce that all payments have been made and the shares have been issued as of Tuesday, April 28, 2028.

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 (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 Komavli"

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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