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Ashley Gold Corp. Shares Phase 1 Drilling Program Update

CALGARY, ALBERTA — May 11, 2026 — Leads & Copy — Ashley Gold Corp. (CSE: ASHL) has released visuals and operational updates from its Phase 1 diamond drilling program on the 100% owned Tak Patents.

The company has completed core logging and cutting, with all five holes currently pending assay results. The final two holes were submitted to the lab today, according to President Noah Komavli.

Komavli added that the company looks forward to reviewing, plotting, and sharing results as they are received. He stated that the Phase 2 program will commence after the spring melt is complete.

All holes completed during Phase 1 have been cut, logged, and submitted for assay.

The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario as well as the Engineers and Geoscientists of British Columbia.

Management cautions that core visuals are selective in nature and not representative of the entire hole or indicative of overall grade. Assay results are pending, and visual identification of minerals does not guarantee economic grades. These preliminary visual observations are awaiting laboratory confirmation.

Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing 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 Burnthut (including the Tak Patents), Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two highly prospective claim packages.

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Source: Ashley Gold Corp.