Ashley Gold Corp. Provides Operational Update on Drill Program

CALGARY, ALBERTA — April 2, 2026 — Leads & Copy — Ashley Gold Corp. (CSE:ASHL) has shared an operational update regarding its pending drill program at the Burnthut Project, including the Tak Patents.

Drill trails are complete, and 10 pad locations have been cleared to support the first and second phase programs. A Timberjack skidder and a diamond drill rig, capable of drilling holes exceeding 500 meters, have been deployed to the Tak Patents. The equipment will remain in place until next winter or longer, if needed.

CEO Darcy Christian stated that with the support of the team, local stakeholders, and 518 Drilling Ltd., trails have been cleared across the patents and pads have been cleared at 50-meter spacings along the edge of the resistive body. Equipment has arrived and is ready to be used.

The company anticipates drilling to commence following the Easter long weekend, potentially in mid-to-late next week. Updates will be provided to investors as they become available.

President Noah Komavli stated that securing the equipment on the Tak Patents for a minimum of one year gives Ashley an advantage. He acknowledged the strong relationships management has built and the shared vision of 518 Drilling’s President, Kevin Norberg. The near and mid-term focus will be the exercise of delineation along strike and contiguous to NexGold’s Goliath-Gold project.

Kevin Norberg, President of 518 Drilling Ltd., expressed excitement about the upcoming drill program and the partnership with Ashley Gold. He added that 518 Drilling is aligned to Ashley’s core values and looks forward to a successful starter program as both the service provider and a shareholder.

The company holds a 100% stake in the Burnthut Project, composed of 83 mining claims, 6 patents, and 1 mining license of occupation for 1,900 ha. The Burnthut project is strategically situated against the north-east of the Goliath-Gold complex, operated by NexGold Mining Corp. Recently, Kenorland Minerals Ltd. has staked against the Burnthut’s southern boundary. The Tak patents were formerly owned and worked by Lac Minerals (Barrick). A 5% NSR with a 2.5% buyback for $1 million is held by Royal Gold Inc., limited to the Tak boundary. The Burnthut main block has no outstanding NSR’s, which includes claims along strike of the Tak and covering the Wedge Occurrence.

On February 10th, 2026, the Company announced the engagement of Abitibi Geophysics for the deployment of their 3D OreVision system over Ashely’s 100% owned Tak Patents. On February 16th, 2026, the crew began mobilization to site. Line cutting preceded the installation of the surficial wires required for the readings.

On March 10th, 2026, the crew completed the line readings, with de-mobilization occurring on March 11th, 2026. 19.5km of production lines were run, with the Eastern most extent of the Tak Patents being excluded from data acquisition. This area will be the target of a future program once the mining claims comprising the Burnthut Project are brought into a permitted status, avoiding short IP lines limited to the Eastern patent boundary.

The surficial interim results highlight a 1km resistive trend at surface, aligning well with the historic drill hole data. Due to the age of the holes, the company will be required to twin the collars to bring the values into compliance.

The drill collar of TAK-99-10 was located and the GPS coordinates of the historic work was confirmed as accurate. This hole has a historic assay of 2.08 g/t Au over 31.8m, starting from the surface, using a 1.0 g/t Au cut-off.

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.

Ashley Gold Corp. is 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 Santa-Maria, Burnthut (including the Tak Patents), Howie, Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having two claim packages.

Source: Ashley Gold Corp.