Ashley Gold Corp. President Files Updated Early Warning Report Reflecting Increased Shareholder Confidence

Calgary, Alberta — June 8, 2026 — Leads & Copy — Ashley Gold Corp. (CSE: ASHL) announced today that its President, Noah J. Komavli, has filed an updated Early Warning Report, reflecting a 2% change in his holdings from the April 24, 2026 report. This update is filed pursuant to National Instrument 62-103.

Mr. Komavli stated that his increased exposure signifies his personal confidence in the Company, its team, and its current project pipeline. He highlighted that with drilling equipment in place and numerous targets on the Tak project, a fully permitted portfolio, no debt, and the potential for strengthened book value from the recently announced disposition of non-core assets, he believes Ashley is a significant opportunity in the junior mining sector. Pending assays from Phase 1 and Phase 2 drilling, this strategic positioning underscores his conviction regarding a perceived valuation disconnect.

Mr. Komavli directly owns, and exercises control and direction over, 17,129,150 common shares of Ashley Gold Corp. This represents approximately 19.8% of the Company’s free trading float. He also holds unexercised securities, including 600,000 options directly and 759,375 warrants through 1000903966 Ontario Inc., along with 2,106,250 warrants held directly.

On a fully diluted basis, Mr. Komavli has control and direction over 20,594,775 of the Company's 118,894,980 fully diluted shares, accounting for a 17.3% control of all securities. None of his options or warrants are set to expire within the next 60 days.

The Early Warning Report will be made available on SEDAR under the Company’s profile. For additional details or a copy of the report, interested parties can contact the Company.

ABOUT ASHLEY GOLD CORP.

Ashley Gold Corp. is a Canadian mineral exploration company focused on the acquisition and development of prospective gold and polymetallic deposits within Canada's prominent mining regions. The Company's primary assets are located in the Dryden Area of Ontario, where it holds 100% ownership of the Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims. In British Columbia, Ashley Gold Corp. has also optioned the Icefield Portfolio, comprising two highly prospective claim packages.

Further information is available on SEDAR+ (www.sedarplus.ca), and the Company’s website is www.ashleygoldcorp.com.

Source: Ashley Gold Corp.