Ashley GOLD Corp. Closes Oversubscribed Critical Mineral Flow-Through Private Placement FOR Gross Proceeds of $487,510
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
ASHLEY GOLD CORP.
CLOSES OVERSUBSCRIBED CRITICAL MINERAL FLOW-THROUGH
PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $487,510
CALGARY, ALBERTA - June 23, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to announce that it has closed its previously announced non-brokered critical
mineral flow-through private placement (the “Offering”).
President Noah Komavli:
“We are very pleased to welcome new shareholders to our developing story, with demand for the Offering
exceeding current allocations and the initial raise target. This strong level of interest speaks to appreciation
of the work executed to date, understanding of our streamlining efforts, our strategic foothold in the
Dryden camp, as well as an overall bullish outlook on the precious metals. I look forward to delivering
further results and updates as we advance our projects.”
The Company raised aggregate gross proceeds of CDN$487,510.02 pursuant to the Offering.
The Offering was oversubscribed, with investor demand exceeding the final closing amount.
The Offering consisted of the issuance of an aggregate of 8,125,167 critical mineral flow-through common
shares (the “FT Shares”) at a price of $0.06 per FT Share, issued as a “flow-through share” within the
meaning of subsection 66(15) of the Income Tax Act (Canada).
The Offering remains subject to all necessary regulatory approvals, including final acceptance by the
Canadian Securities Exchange (the “CSE”). All securities issued in connection with the Offering will be
subject to a four-month hold period from the applicable closing date under applicable Canadian securities
laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions
outside Canada. The Offering was made by way of private placement in Canada and such other
jurisdictions as the Company determined. Following completion of the Offering, the Company has
94,475,040 common shares issued and outstanding.
The gross proceeds from the sale of the FT Shares will be used to incur eligible “Canadian exploration
expenses” that are intended to qualify as “flow-through critical mineral mining expenditures”, each as
defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”). The Qualifying Expenditures
will be used primarily to fund drilling and exploration at the Company’s critical minerals projects in
Ontario.
The Company intends to renounce the Qualifying Expenditures to subscribers of the FT Shares with an
effective date no later than December 31, 2026, and to incur the Qualifying Expenditures on or before
December 31, 2027, in accordance with the requirements of the Income Tax Act (Canada).
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
In connection with the Offering, the Company paid aggregate cash commissions of CDN$35,260.80 and
issued an aggregate of 412,680 finder warrants (the “ Finder Warrants ”). Each Finder Warrant is
exercisable to acquire one common share of the Company at an exercise price of $0.06 for a period of 24
months from the closing date of the Offering.
The Existing Shareholder Exemption and Investment Dealer Exemption
The Offering was made available to existing shareholders of the Company who, as of the close of business
on May 27, 2026, held common shares of the Company and continued to hold such common shares as of
the closing date, pursuant to the prospectus exemption set out in B.C. Instrument 45-534 - Exemption
From Prospectus Requirement for Certain Trades to Existing Security Holders and similar instruments in
other jurisdictions of Canada. Subscribers relying on the existing shareholder exemption were subject to
the investment limits and suitability advice requirements applicable under that exemption. The Company
also made the Offering available to certain subscribers pursuant to B.C. Instrument 45-536 - Exemption
From Prospectus Requirement for Certain Distributions Through an Investment Dealer. In accordance
with the requirements of the investment dealer exemption, the Company confirms that there is no material
fact or material change about the Company that has not been generally disclosed.
ABOUT ASHLEY GOLD CORP.
Ashley Gold Corp. is a Canadian mineral exploration company focused on acquiring and developing
highly prospective gold and polymetallic deposits in Canada’s top mining regions. The Company’s
flagship assets are located in the Dryden Area in Ontario with 100% ownership in Burnthut (and the Tak
Patents), Howie, Alto-Gardnar claims. In British Columbia, the Company has optioned out the Icefield
Portfolio, which includes two highly prospective claim packages.
For more information, please refer to the Company’s information available on SEDAR+
(www.sedarplus.ca), or visit us at www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
“Noah Komavli”
Noah J. Komavli, P.Eng, President, Director
C: (647) 567-9840
X: KKomavli
-or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
Connect With Ashley:
www.ashleygoldcorp.com
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
X: https://x.com/AshleyGoldCorp
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.”