Ashley Gold cuts 0.729 g/t Au over 38.75 m, including 1.430 g/t over 17.00 m in TAK-26-08

CALGARY, ALBERTA – TheNewswire - August 18, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“ Ashley ” or the “ Company ”) is pleased to provide an update on assays from Phase II drilling.

Drill Assay Positioning

10 holes from both Phase II and III drilling remain pending.

Summary

Table 1: Assay Summary

President Noah Komavli; “Prior operators were unable to ascertain the dip of the system. TAK-26-08 was the first northern hole drilled in the 67Z and provided invaluable information, giving us confidence of a shallow Northern dip. In Phase III drilling, all holes were oriented South, delivering a better representation of the system. These early results reinforce the 67Z geophysical signature as high-priority and confirm high-grade visible gold near the surface. With our modelled dip now established, we are positioned for more effective future drilling.”

Data

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Figure 1: Cross Section of 67Z

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Figure 2: Area of Drilling - Plan View

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Figure 3: 30.00 to 32.50 m Zone of Interest and Visible Gold in Representative Samples *[3.125 g/t Au over 2.50 m from 30.00 m]*

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Figure 4: Core Boxes Showing 38.75 to 45.75 m Zone of Interest with 9.2 g/t Au over 0.5 m, Visible Gold Occurrence in Representative Sample *[2.179 g/t Au over 7.00 m from 38.75 m]*

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Table 2: TAK Drill Hole Data

Assays

Table 3: TAK-26-08 Sample Assays

Tak Project - Background

Situated abutting the Northeast of the Goliath Gold Complex, the Tak Patents have been the subject of intermitte