Ashley Gold Corp. Provides Alto-Gardnar Project Update

CALGARY, ALBERTA — March 25, 2026 — Leads & Copy — Ashley Gold Corp. (CSE: ASHL) has shared an operational update on its Alto-Gardnar project, which is fully permitted for up to 13 pads with line cutting and IP surveys planned.

President Noah Komavli stated that the Alto-Gardnar project has seen significant historical surface work and limited drilling. He added that prior operators viewed the system as a low-grade, bulk ton target. Given the high-grade findings in the fall 2025 channeling program, which included 130 g/t Au over 1.0m, the project warrants further attention and scout drilling to probe the high-grade zone at depth. Komavli said the permitted IP survey will allow efficient exploration and greater resolution outside the stripped area.

CEO Darcy Christian noted that the recent permit represents a significant milestone, with every Ontarian project now permitted, and their BC portfolio partially permitted with Vertebrae Ridge being the only project pending issuance. This gives the company a unique edge and increased flexibility in terms of future planning. The company will also consider expanding its permit at the Burnthut to include IP lines outside the Tak Patents.

Historical data includes:

Gold was discovered at Alto-Gardner in 1937 by l.W. Alto and W. Gardnar.

In 1940, the Sandybeach Lake Syndicate conducted stripping, trenching, bulk sampling, including a 125-ton bulk sample from an open cut with a reported grade of 0.231 ounces per ton (opt). In 1943, it was reported the bulk sample ran 0.081 opt.

In 1982, the ground was restaked by K. and M. Bernier, who cut a grid and conducted a ground VLF survey, in addition to resampling historic trenches.

A 1983 report highlighted a strong northeast-southwest striking quartz vein system in Keewatin greenstone intruded by quartz porphyry, with favorable geology for gold mineralization similar to nearby deposits. The main vein extends over 1,000 feet with widths up to 24 feet, showing visible gold, pyrite, chalcopyrite, and commercial assays up to 0.37 oz/ton gold.

In 1986, Loydex Resources Inc. flew airborne magnetometer and EM survey over the area including the Alto-Gardnar shear zone.

In 1995, Champion Bear Resources drilled four diamond drill holes on the Alto-Gardnar property.

In 2006, Gossan Resources conducted a field program involving 340 meters of mechanical stripping, detailed geologic mapping, channel sampling of 273 samples, prospecting, and MMI soil sampling. Results revealed anomalous gold values up to 9.69 g/t primarily in sheared mafic volcanics with quartz stringers and alteration, alongside identification of potential shear extensions up to 2.3 km northeast. Conclusions highlight two styles of gold mineralization—in quartz veins and shear zones—recommending re-assaying for nugget effects, petrographic analysis, and drilling.

Ashley acquired the Alto-Gardnar project in October 2022.

In May 2024, Ashley Gold discovered a new vein at Alto-Gardnar assaying 106 g/t Au.

In November 2025 Ashley Gold channels the high-grade zone, cutting 130 g/t Au over 1.0m.

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).

Source: Ashley Gold Corp.