Ashley Gold Corp. Names Noah Komavli as President and Director, Grants Stock Options
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
May 13, 2025
Ashley Gold Corp. Names Noah Komavli as President and Director, Grants Stock Options
CALGARY, AB – May 1, 2025 – Ashley Gold Corp. (CSE: ASHL) (“Ashley” or the “Company”)
is pleased to announce the appointment of Mr. Noah Komavli to President and Director, effective
immediately. Darcy Christian will retain CEO position and additionally move into the Chairman of the
Board role vacated by George Stephenson last year.
Mr. Komavli brings experience in Industrial Engineering, credit, capital markets, corporate
communications and project management, further strengthening Ashley’s leadership as it advances its
portfolio of high-grade gold and base metal properties.
“We are delighted to welcome Mr. Komavli as President and also his appointment to the Ashley Gold
Corp. Board of Directors,” said Darcy Christian, CEO of Ashley. “His strategic contributions at Pegasus
Resources Inc., combined with his Industrial Engineering background and capital markets experience,
align seamlessly with our goal of unlocking value from our exploration portfolio. Having worked closely
with Mr. Komavli for several months, I am confident in his ability to propel our organization forward.”
“It is an honor to step into the President position of Ashley Gold Corp. at such a critical time.” stated
Noah Komavli. “The Company’s focus on high-potential gold and base metal properties, coupled with
its commitment to shareholder value, is compelling. I look forward to applying my experience to support
Ashley’s success, as well as communicating our developments to our shareholders.”
The appointment of Mr. Komavli to the Board of Directors of Ashley Gold Corp. fully satisfies the
conditions outlined in the Icefield purchase agreement. Mr. Komavli’s appointment underscores
Ashley’s commitment to assembling a skilled and dynamic board to advance its exploration objectives
and create long-term value.
Since July 2023, Mr. Komavli has served as a Director of Pegasus Resources Inc. (TSX-V: PEGA),
where he has provided strategic insights into the company’s exploration and development initiatives. His
tenure at Pegasus is distinguished by his ability to foster collaborative approaches to mineral
exploration, most recently through the sale of the Icefield Portfolio to Ashley Gold Corp. This
transaction strengthened the asset bases of both companies and enhanced shareholder value. Mr.
Komavli’s understanding and passion for the resource sector, particularly in precious metals and mining,
make him an invaluable addition to Ashley’s board.
A graduate of the University of Toronto in Industrial Engineering, specializing in Information Systems,
Mr. Komavli has developed a strong foundation in optimizing operational efficiency, driving continuous
improvement and enhancing value chains. His entrepreneurial drive is evidenced by co-founding two
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
startup software companies, showcasing his ability to innovate. With years of investment experience in
exploration-focused companies, Mr. Komavli possesses keen capital markets acumen, equipping him to
guide Ashley through market dynamics and investor relations. His proficiency in corporate
communications and project management will further support the Company’s exploration programs and
ensure clear, impactful stakeholder engagement.
Option Grant
Ashley also wishes to announce the granting of stock options to certain directors, consultants and
officers of the Company to purchase an aggregate of 3,400,000 common shares of the Company at an
exercise price of C$0.05 per share, expiring in three years from the date of grant. The Options are
subject to a 4 month 1 day restricted hold period. The Options were issued pursuant to the terms of the
Company's stock option plan and the requirements of the CSE.
ABOUT ASHLEY GOLD CORP.
Ashley Gold Corp. is dedicated to discovering the next multi-million-ounce gold deposit through efficient and innovative
exploration. Operating in mining-friendly and politically stable jurisdictions, Ashley focuses on regions with proven
neighboring success stories, creating a clear path toward value generation.
As one of the first movers in the highly coveted Dryden area of Northwest Ontario, Ashley is strategically positioned to leverage
the region’s rich geological potential. Our mission is to deliver substantive, long-term value for shareholders by uncovering
and advancing world-class gold deposits in one of the most mining-friendly jurisdictions globally.
For further information, please contact:
Mr. Darcy Christian, P.Geo, President and CEO
(587) 777-9072
https://x.com/AshleyGoldCorp
www.ashleygoldcorp.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility
for the adequacy or accuracy of this release.
DISCLAIMER & FORWARD-LOOKING STATEMENTS
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking
statements are based on assumptions and address future events and conditions, and by their very nature involve inherent risks
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
and uncertainties. Although these statements are based on currently available information, Ashley Gold Corp. provides no
assurance that actual results will meet management’s expectations. Factors which cause results to differ materially are set out
in the Company’s documents filed on SEDAR+ (www.sedarplus.ca). Undue reliance should not be placed on “forward looking
statements”.