Ashley Gold Corp. Expands Presence Adjoining NexGold Mining Corp.’s Goliath Gold Complex, Acquires Ownership of the Tak Patents in All Stock Transaction, Optimizes Burnthut Project, ON
FOR
IMMEDIATE
RELEASE
Ashley
Gold
Corp.
Expands
Presence
Adjoining
NexGold
Mining
Corp.’s
Goliath
Gold
Complex,
Acquires
Ownership
of
the
Tak
Patents
in
All
Stock
Transaction,
Optimizes
Burnthut
Project,
ON
CALGARY,
ALBERTA
-
January
6,
2026
-
Ashley
Gold
Corp.
(CSE:
“ASHL”)
(“
Ashley
”
or
the
“
Company
”)
is
pleased
to
announce
a
key
update
relating
to
its
Dryden
Area
exploration
focus.
Highlights:
-
Ashley
Gold
Corp.
will
acquire
100%
ownership
of
the
Tak
Patents
in
an
all
stock,
friendly
deal
-
Tak
Patents
bring
historical
significance
of
a
1.5km
mineralized
corridor
that
hosts
historic
high
grade
and
bulk
tonnage
gold
values
near
surface
-
Historic
compilation
shows
a
350m
strike
that
remains
open
and
untested
at
both
ends,
and
between
the
historic
holes,
at
depth
and
along
width
-
The
Company
is
in
talks
with
a
driller
for
a
2026
Winter
program,
including
target
selection
and
pad
planning,
to
have
the
highest
impact
on
delineation
-
Planning
is
ongoing
for
a
mobile
core
cutting
and
logging
setup
in
the
Sioux
Lookout
area,
which
the
company
is
capitalized
to
execute
CEO
Darcy
Christian
on
the
Tak;
“
Ashley
has
decided
to
proceed
with
the
acquisition.
The
Tak
Patents
will
become
a
cornerstone
of
our
portfolio
in
the
highly
coveted
Dryden
Gold
belt.
Our
preliminary
review
of
historic
data
has
highlighted
high
grade
gold
intervals
within
a
lower
grade
envelope,
suggesting
a
bulk
tonnage
setting
in
a
large
felsic
intrusive
body
that
has
potential
for
open
pit
and
underground
tonnage,
to
be
proved
up
through
near
term
drilling.
Additionally,
we
have
located
the
historic
2002
core,
which
was
well
documented,
but
may
be
important
in
the
case
of
resource
definition.
”
President
Noah
Komavli
on
the
addition;
“
The
team's
geological
review
has
been
completed,
and
the
Tak
Patents
further
distinguish
the
quality
of
the
portfolio
Ashley
is
assembling.
A
key
defining
feature
being
the
focus
on
grade
and
scale
.
The
Tak
System
is
open
in
all
directions
and
the
overall
unit
is
thought
to
be
at
least
500
m
wide
by
1400
m
long.
Our
focus
will
be
to
confirm
the
past
grades
received
and
work
towards
expansion
within
the
patents
as
soon
as
possible.
The
ultimate
goal
being
to
delineate
another
satellite
deposit,
on
trend
and
accessible
from
the
NexGold
complex.
With
our
pending
Alto-Gardnar
permit
(20km
due
East
of
Goliath),
plus
recent
drilling
on
the
Howie,
the
Tak
Patents
deliver
another
diversified
project
with
CMETC
potential
through
historic
copper
assays.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072| ashleygoldcorp.com
-
2
-
This
will
ensure
a
catalyst
rich
Winter,
while
protecting
company
capital.
”
CMETC
flow-through
(Critical
Mineral
Exploration
Tax
Credit)
is
a
Canadian
government
incentive,
a
30%
non-refundable
tax
credit
for
investors
in
junior
mining
companies
funding
exploration
for
critical
minerals
like
lithium,
nickel,
cobalt,
copper,
and
rare
earths,
using
flow-through
shares
to
transfer
tax
deductions,
thus
encouraging
investment
in
clean
energy
and
tech
mineral
supply
chains.
This
varies
from
METC
(standard
flow-through),
which
offers
a
20%
credit.
Image
1:
Tak
Patent
Historic
Drilling
Compilation
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
3
-
Image
2:
A-A’
-
Tak
Patents,
South-West
of
the
Burnthut
Project
Image
3:
B-B’
-
Tak
Patents,
South-West
of
the
Burnthut
Project
Historic
drilling
highlights
include;
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
4
-
Table
1:
2002
Tak
Drill
Highlights
-
Southern
Rio
Tak
Patents
The
Tak
Patents
are
contiguous
to
the
southwestern
part
of
Ashley
Gold’s
Burnthut
Property.
Past
work
on
the
Tak
Patents
has
indicated
the
presence
of
a
large
quartz-feldspar
porphyry
(“QFP”)
body
that
is
variably
silicified,
carbonatized,
and
pyrite
mineralized.
This
unit
is
at
least
500
m
wide
by
1400
m
long.
The
gold
mineralization
is
associated
with
a
stockwork
system
of
quartz-carbonate
veins
and
varying
degrees
of
silicification,
hematite/potassic
alteration,
sericitization,
pyrite
and
lesser
chalcopyrite
mineralization.
In
1999,
Triex
Resources
acquired
the
Tak
Patents
and
extended
their
existing
eastern
grid
to
cover
the
Tak
Patents
to
the
west
(Tak
Grid).
The
Tak
Grid
baseline
(3+00
N)
is
cut
at
65
degrees.
Wing
lines
have
a
100
m
spacing,
as
well
as
at
50
m
spacing
over
the
main
mineralized
body
and
are
cut
at
55
degrees.
In
1999,
Triex
Resources
drilled
3
holes
(all
@
155
degrees)
along
Line
59
W
on
the
Tak
Grid
targeting
potential
down
dip
extensions
of
gold
values
identified
in
surface
trenching.
All
three
holes
returned
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
5
-
gold
values.
The
highlight
of
the
campaign
was
Tak-99-10,
which
included
2.082
g/t
Au
over
31.83
m
from
3.57-35.40
m,
including
11.778
g/t
Au
over
2.88
from
25.5-25.38
m
and
7.632
g/t
Au
over
1.10
m
from
34.3-35.4
m.
Extensive
surface
trenching
was
carried
out
by
Long
Lac
Minerals
in
the
1940’s.
Trenches
on
the
Tak
Grid
are
up
to
70
m
in
length.
In
2002,
Southern
Rio
drilled
8
holes
on
the
Tak
Grid.
Thus
far,
drilling
has
outlined
gold
values
over
a
possible
350
m
strike
length
down
to
100
m
in
depth.
This
intrusive
has
the
potential
to
host
multiple
zones
of
open
pit/bulk
mineable
gold
mineralization
over
substantial
widths.
Smaller
bodies
of
similar
lithology
also
exist
elsewhere
on
the
property
and
warrant
further
exploration.
Visible
gold
occurred
in
several
holes,
usually
as
very
fine
grains
both
within
and
outside
of
quartz-carbonate
veins
and
veinlets.
This
gold
mineralization
is
associated
with
more
strongly
silicified
and
pyrite-mineralized,
buff
to
beige-coloured
altered
zones.
In
two
of
the
visible
gold
occurrences
the
gold
occurred
on
the
edge
of,
or
adjacent
to
pyrite
grains.
Drilling
has
yet
to
indicate
the
dip
of
the
mineralized
zone
due
to
the
stockwork
nature
of
the
alteration,
veining
and
gold
mineralization.
This
stockwork
nature
is
indicated
by
the
wide
range
in
the
core
angles
of
veins
and
the
widespread
gold
values
through
several
of
the
holes.
Further
drilling
on
a
denser
pattern
(including
deeper
holes)
will
be
required
to
get
a
confident
interpretation
of
the
dip.
An
existing
royalty
is
held
by
Royal
Gold
Inc.
for
5%,
including
a
2.5%
buyback
at
any
time
for
$1
Million.
Acquisition
The
acquisition
is
non-arms
length,
as
it
is
between
Ashley
Gold
Corp.
and
1000903966
Ontario
Inc.,
a
company
under
the
control
and
direction
of
the
President
of
Ashley
Gold
Corp.,
Mr.
Noah
Komavli.
100903966
Ontario
commissioned
a
title
search,
and
reached
out
to
the
land
holder
to
facilitate
discussions
on
behalf
of
Ashley
Gold
Corp.
The
original
owner
was
arms-length
and
not
known
to
100903966
Ontario
at
the
time
of
contact.
Following
negotiations,
the
vendor
agreed
to
a
cash
amount
that
exceeded
Ashley’s
liquidity.
Due
to
activity
in
the
belt,
time
was
of
the
essence,
100903966
Ontario
signed
and
acquired
the
patents
privately.
On
December
29th,
2025
,
the
company
announced
an
exclusivity
period
for
due
diligence,
which
was
signed
by
the
Directors
of
the
Company
on
December
23,
2025
.
Subject
to
the
property
meeting
the
required
standards
for
the
Company,
a
definitive
agreement
would
be
entered
into.
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
6
-
On
January
6th,
2026
,
a
resolution
was
unanimously
passed
(with
Mr.
Komavli
abstaining),
for
the
execution
of
the
definitive
agreement.
Ashley
will
become
the
beneficial
owner
of
the
title
and
sole
operator.
Transfer
of
title
will
occur
promptly.
Acquisition
Price
To
compensate
for
1000903966’s
Ontario
acquisition
price
and
fees,
the
Company
will
issue:
-
3,500,000
shares,
subject
to
statutory
hold
periods,
at
price
of
close
on
December
23,
2025.
The
property
was
acquired
privately
from
the
past
owner
for
$190,000.00
CDN
plus
applicable
taxes,
land
transfer
fees,
lawyer
fees
and
accounting
fees.
Of
which,
1000903966
Ontario
has
covered,
reflecting
in
the
share
issuance
amount.
Acquisition
Transaction
The
acquisition
constitutes
a
“related
party
transaction”
within
the
meaning
of
Multilateral
Instrument
61-101
–
Protection
of
Minority
Security
Holders
in
Special
Transactions
(“MI
61-101”).
The
Company
is
relying
on
the
exemptions
from
the
formal
valuation
and
minority
shareholder
approval
requirements
of
MI
61-101
as
follows:
●
Exemption
from
the
formal
valuation
requirement
pursuant
to
section
5.5(a)
of
MI
61-101;
and
●
Exemption
from
the
minority
shareholder
approval
requirement
pursuant
to
section
5.7(1)(a)
of
MI
61-101
(neither
the
fair
market
value
of
the
Asset
nor
the
consideration
paid
exceeds
25%
of
the
Company’s
market
capitalization).
Both
the
independent
directors
and
directors
of
the
Company
reviewed
and
unanimously
approved
the
transaction
while
Mr.
Komavli
declared
his
interest
and
abstained
from
voting,
providing
proof
of
cost
basis
for
the
purpose
of
fair
remuneration.
The
board
subsequently
determined
that
the
terms
of
the
transaction
are
reasonable
in
the
circumstances
of
the
Company.
Completion
of
the
transaction
remains
subject
to
all
necessary
approvals
of
the
Canadian
Securities
Exchange
and
is
expected
to
close
on
approval.
On
approval
and
after
giving
effect
to
the
issuance,
the
Company
will
have
73,789,873
issued
and
outstanding
securities.
Mr.
Noah
Komavli,
Senior
Officer
of
the
Issuer
will
hold
through
direct
ownership
and
through
the
control
and
direction
of
1000903966
Ontario
Inc.,
a
total
of
9,444,000
common
shares,
or
12.8%
of
the
common
share
float.
Filing
of
the
National
Instrument
62-103
will
follow.
References:
Property
description
and
MDI
reference
link:
https://www.geologyontario.mines.gov.on.ca/mineral-inventory/MDI000000002119
Triex
mapping
and
sampling
(1998):
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
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7
-
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/a
ssessment/52G13NW2001/52G13NW2001.PdF
Image
1,
2:
Triex
drill
logs
and
assays
(1999):
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/a
ssessment/52G13NW2002/52G13NW2002.Pdf
Image
1,
2,
Table
1:
Southern
Rio
drill
logs
and
assays
(2002):
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-documents/a
ssessment/52F16NE2006/52F16NE2006.Pdf
NI
43-101
Disclosure
The
technical
information
in
this
news
release
was
prepared
and/or
reviewed
by
Darcy
Christian,
P.Geo.,
a
Qualified
Person
as
defined
in
National
Instrument
43-101.
Mr.
Christian
is
registered
as
a
Professional
Geoscientist
with
Engineers
Geoscientists
of
Alberta.
Mr.
Christian
is
non-arms
length
of
the
company
and
serves
as
Director
and
CEO.
Some
results
discussed
in
this
document
are
historical.
Ashley
Gold
Corp.
nor
the
qualified
person
have
performed
sufficient
work
or
data
verification
of
the
historical
data.
Although
the
historical
results
may
not
be
reliable,
the
Company
nevertheless
believes
that
they
provide
an
indication
of
the
Project's
potential
and
are
relevant
for
any
future
exploration
program.
ABOUT
ASHLEY
GOLD
CORP.
Ashley
Gold
Corp.
is
a
Canadian
mineral
exploration
company
focussed
on
acquiring
and
developing
highly
prospective
gold
and
polymetallic
deposits
in
Canada’s
top
mining
regions.
The
Company’s
flagship
assets
are
in
the
Dryden
Area
in
Ontario
with
a
100%
ownership
in
Santa-Maria,
Burnthut
(and
the
Tak
Patents),
Howie,
Alto-Gardnar
claims
as
well
as
in
British
Columbia
with
the
Icefield
Portfolio
having
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
J.
Komavli,
P.Eng,
President,
Director
C:
(647)
567-9840
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com
-
8
-
E:
X:
KKomavli
-Or-
Darcy
Christian,
P.Geo,
CEO
C:
(587)
777-9072
E:
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.
Project
timelines
are
highly
dependent
on
future
financing.
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.”
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6 +1 587 777 9072 | ashleygoldcorp.com