Ashley Gold Corp. Announces Close of Over Subscribed Placement, Phase 2 Work Funded
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
Aug 28, 2025
Ashley Gold Corp. Announces Close of Over Subscribed Placement, Phase 2 Work
Funded
August 28, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the “ Company”) is pleased to
announce a closing of the second tranche of its private placement, over subscribing the placement. On
July 29th, 2025, Ashley announced the close of the first tranche of the placement, raising $136,890.00.
With the second tranche now closed, gross proceeds raised totals $286,890.00.
“With our exploration budget now fully funded, our team is finalizing next steps. Phase 1 work was
completed earlier this week on budget and we will issue an update shortly to keep our shareholders
informed.” stated President Noah Komavli.
TRANCHE 2 DETAILS
The second tranche consisted of the issuance of 3,000,000 FT shares for gross proceeds of $150,000.00.
Each FT Unit (FT) consists of one flow-through common share of the Company at $0.05 per share and
one half a non-flow-through common share purchase warrant. Each FT Warrant is exercisable to purchase
one non-flow-through common share of the Company at $0.12 for two years from the date of issue.
The Company intends to use the gross proceeds of the FT Offering to incur "Canadian exploration
expenses" as defined in the Income Tax Act (Canada) and proposed amendments thereto.
Finders' fees of $15,000.00 in cash plus 300,000 broker warrants were paid to arm's length parties. Shares
issued pursuant to the Financing will be subject to a statutory hold period of four months plus a day from
the date of issuance, according to the applicable security laws of Canada.
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.
- 2 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
About Ashley Gold Corp.
Ashley Gold Corp. is a focused exploration company targeting high-potential gold and polymetallic
deposits in Canada’s top mining regions. We aim to deliver strong returns for shareholders through
smart exploration and strategic growth.
Our Assets
• Ontario (Dryden Area): 100% ownership in Burnthut, Tabor, Howie, Alto-Gardnar, plus an
option on Sakoose claims.
• British Columbia: Icefield Portfolio with three promising claim packages.
For more information, visit: www.ashleygoldcorp.com.
Contact Information
On behalf of the Board of Directors,
Noah J. Komavli, President, Director
C: (647) 567-9840
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
Connect With Ashley:
www.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) (www.sedarplus.ca). Undue reliance should not be placed on “forward-looking statements.”