Alto-Gardner Property Acquisition

Ashley Gold Corp. enters agreement to

acquire the “Alto-Gardnar” Property

Alberta

CSE:ASHL

www.ashleygoldcorp.com

Mr. George Stephenson reports:

Calgary, Alberta--(October 5, 2022) – Ashley Gold Corp. ("Ashley" or the "Company")

(CSE:ASHL) is pleased to announce it has purchased a 15 claim block (315 hectares) located

50km East of Dryden, Ontario, (the "Property") The Dryden-Sioux Lookout area of

Northwestern Ontario, is situated on a broad shear zone potentially related to the Wabigoon

Fault. Gold mineralization was first discovered on the property in 1937 in shear-hosted quartz

veins. Strong quartz-ankerite-sericite alteration is a prominent feature of the shear zone.

George Stephenson, President of Ashley, stated, "The Property” is strategically located near

Treasury Metals Inc. (TML.V) Goliath deposit of 1.2M oz, au., Goldlund deposit of 1.65M oz.

au. and the Miller deposit of 80K oz. au. which compliments our properties historically reported

possible and speculative reserves (101,000 tonnes of .20 oz. au., Source, resident geologist,

Kenora, On.) the ore reserve calculations based on data in assessment work files, validity not

guaranteed by OGS

The Agreement

Pursuant to the Agreement, Ashley shall issue 275,000 shares for 100% interest in the “Property”

subject to a .5 NSR with a buyback option of the .5 NSR, at anytime for $500,000. The shares to

be issued will be in compliance with the Canadian Securities Exchange (CSE) and the Toronto

Stock exchange (TSX) rules and regulations.

About Ashley Gold Corp.

Ashley Gold Corp was created to hedge against global inflationary pressures by investing in low

risk precious opportunities

With the conservative approach to capital structure, opportunity identification, and prudent

exploration, Ashley Gold Corp is positioning itself to maximize shareholder potential

On behalf of the Board of Directors

Ashley Gold Corp

George Stephenson, President and CEO

(403) 816-2262