Ashley Gold Closes First Tranche of Financing
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
July 29, 2024
Ashley Gold Closes First Tranche of Financing
Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “ Company”) closes the first tranche of the non-brokered private
placement financing (the “ Offering”) announced June 24, 2024 for a total gross proceeds of $184,800 (CDN) representing
2,464,000 Units.
Darcy Christian, CEO of Ashley comments “ We have received a lot of interest in our uranium and gold assets over the last
month. This tranche does not include the 25% commitment by Sahara Optioner Greg Kofford and we have additional strategic
investments expected in August. In the meantime, we will continue to permit for drilling at Sahara and Burnthut and we should
be ready to hit the ground running with these approvals in September.”
FINDERS FEES
The Company paid a total of $9,480 (CDN) in finder fees associated with the Offering and issued 126,400 finders warrants at
an exercise price of $0.075 expiring 36 months from the closing date of the Offering.
The Offering is subject to all necessary regulatory approvals including acceptance from the Canadian Securities Exchange. All
securities issued in connection with the Offering will be subject to a four-month hold period from the closing date under
applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of
jurisdictions outside Canada.
ABOUT ASHLEY GOLD CORP.
Ashley Gold is focused on creating substantive, long-term value for its shareholders through the discovery and development of
world class gold deposits. Ashley has acquired, 100% of the Tabor Lake Lease subject to a 1.5% royalty, 100% of the Santa
Maria Project subject to a 1.75% royalty, 100% interest in the Howie Lake Project subject to a 0.5% royalty, 100% interest in
the Alto-Gardnar Project subject to a 0.5% royalty, 100% interest in the Burnthut Property subject to a 1.5% NSR, and an
option to earn 100% of the Sakoose claims subject to a 1.5% NSR. In addition, Ashley has entered into an option agreement to
earn 100% of the Sahara Uranium-Vanadium property in Emery County, Utah subject to a 2% NSR.
Ashley Gold Corp. is an early-stage natural resource company engaged primarily in the acquisition, exploration and
development of mineral projects. The Corporation’s objective is to conduct efficient and economical exploration on its growing
portfolio of high-quality gold projects as well as moving the Sahara Uranium-Vanadium project towards near-term production.
The responsibility of this release lies with Mr. Darcy Christian, President and CEO • +1 (587) 777-9072 •
[email protected] , may be contacted for further information. 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
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”.