Ashley Gold re-mobilizes crew for Phase 2 Tak drilling adjacent to NexGold Goliath complex, Ontario

CALGARY, ALBERTA - May 26, 2026 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“ Ashley ” or the “ Company ”) is pleased to share an update in regards to its Phase 2 drilling activities on the wholly owned Tak Patents.   Highlights: Drilling crew has mobilized for Phase 2 program, targeting 67Z and step outs,  Active field work occurring in advance and simultaneously, prospecting beyond known zones and ground truthing IP study features.  Pending Assays: 3 holes from Phase 1 program remain pending.  Click Image To View Full Size Figure 1: Regional Map and Area of Activity   President Noah Komavli: “Ashley enters the summer field season with momentum, kicking off our second drill program on the Tak. In parallel and ahead of drilling, prospecting activities have begun, with assay results to be shared once received. So far, the selective grabs returned echo my sentiment of only scratching the surface of these claims.

The data being generated from drilling and prospecting will serve to broaden our understanding of the Tak QFP. Phase 2 drilling is picking up in an area of significant historic results with only two holes ever drilled, results include 3.18 g/t Au over 8.7 metres, starting at 27.7 m (Southern Rio, 2002).”   Prospecting   Ground truthing resistive and chargeable targets, with a coinciding high gold index provided by the IP survey pseudosections have correlated strongly to early field findings. Including; Historically worked trenches, numeric identifiers 18/19 (Cominco, 1980),  Multiple quartz stockwork zones.    Current prospecting is focused between the 99Z and 67Z, in final preparation for drilling between the two zones to test the IP model as part of the forthcoming Phase 2 program.   Click Image To View Full Size Figure 2: Sulphide Mineralization in Quartz Click Image To View Full Size Figure 3: Sulphide Mineralization in Quartz Feldspar Porphyry   Click Image To View Full Size Figure 4: Example Mineralization - Quartz Veining and Sulphides   Click Image To View Full Size Figure 5: Sulphide Mineralization in Quartz Feldspar Porphyry    Click Image To View Full Size Figure 6: Example Quartz Stockworks Float    Phase 2 Planning   Ashley’s initial planning in is as follows: TAK-26-06: exploratory hole ~150m east of the 67Z for possible strike extent, drilling underneath high priority stockworks zones identified during prospecting (Trench 18/19, Cominco, 1980),  TAK-26-07: 60 degree twin of the 67Z, with the dual purpose of validating the assays and confirming the dip of the zone ( Figure 7, below ),  TAK-26-08: Exploratory hole north along the gold index anomaly, into chargeability high, provided by the output of the induced polarization study ( Figure 7, below ),  TAK-26-09: Step west to the next pad area for another test of the 67Z strike.  Click Image To View Full Size Figure 7: Output from IP Survey - Resistivity Isoshell is 20,000 ohm-m (Left) and the Chargeability Isoshell is at 30ms (Right) - Pseudosection of Line 250 (67Z) showing the Gold Index Values (Background - with hotter colors being more prospective for Au)   Initial plans are subject to change based on a variety of factors, including, but not limited to, observations from the field during drilling and prospecting, receipt of finalized IP report, as well as pending results from Phase 1 holes.   The 67 Zone (“ 67Z ”) was identified by a geophysical anomaly and followed up by drilling a two hole scissor in 2002 (Southern Rio).