Ashley Gold Corp. Announces Result of Exploratory Hole Between the 67Z and D99Z, Phase II TAK-26-06, Delivers 0.460 g/t Au over 25.50m from 6.50m Downhole, Including an Intercept of 9.560 g/t Au over 0.50m, 30.75m Downhole

CALGARY, ALBERTA - Sept 8, 2026 – TheNewswire - Ashley Gold Corp. (CSE: “ASHL”) (“ Ashley ” or the “ Company ”) is pleased to provide an assay update from Phase II drilling.

Positioning:

1 Phase II hole remains outstanding (TAK-26-09, 67Z undercut),

7 Phase III holes remain pending.

Significance:

Highlights the presence of bleached alteration matching the high-grade domain of the 67Z near the surface, over 150m east of the 67Z, intercepting 9.560 g/t Au over 0.50 m, 30.75m downhole.

67Z recently assayed highs of 11.3 g/t Au over 2 intervals >1m, overall intercept was released on August 26, 2026. Cutting 0.861 g/t Au over 62.35 m From Below Collar, Including 1.111 g/t Au over 45.85 m from 4.40 m Downhole in TAK-26-07 .

First hole collared between two isolated zones, with additional targeting data gathered following the Spring melt (Phase II occurred during cover).

Next Steps:

TAK-26-06 sets the stage for the Phase IV step-out program, where the Company will work towards extending the mineralized horizon from 67Z easterly.

Modifying the orientation of drilling in the TAK-26-06 pad area to encapsulate recently identified trends noted on the surface.

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Figure 1: High Grade Zone, Part of the Sample Assaying 9.56 g/t Au over 0.5m at 30.75m

President Noah Komavli: “Our 100% hit rate of gold values above standard industry cut-offs continues. This exploratory hole was drilled to target the depth extensions of two historically worked trenches with grab sample highs of ~3 g/t Au [Triex, 1999, Trench 4]. Ultimately, the hole was a success, highlighting a level of continuity - not just from the trench