Ashley Gold Corp. Launches $530,000 Flow-Through and Non-Flow-Through Financing for Permitted Winter Drill Program
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Launches $530,000 Flow-Through and Non-Flow-Through
Financing for Permitted Winter Drill Program
CALGARY, ALBERTA - November 13, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or
the “Company”) is pleased to announce that it has launched a financing for gross proceeds of $530,000.
The offering will consist of non-flow through (NFT) units and flow through (FT) units, with pricing and
breakdown as follows:
• 2 million NFT Units. Each unit consisting of a $0.075 common share with a one half of one
common share purchase warrant. Each whole common share purchase warrant is exercisable at
$0.12 for a period of 2 years from closing; and
• 4 million FT Units. Each unit consisting of a $0.095 flow through share with a one half of one
common share purchase warrant. Each whole common share purchase warrant is exercisable at
$0.15 for a period of 2 years from closing
• Management is expected to participate.
Hard dollar gross proceeds are expected to be used for corporate G&A costs as well as exploration costs.
Flow-through funds are expected to be used for eligible exploration expenses, including drilling at the
company’s permitted projects and will be renounced by the company December 31, 2025.
President Noah Komavli on the raise;
“With the gold market experiencing significant tailwinds, we have launched this modest equity raise to
follow up on our recently announced assays with diamond drilling.
A priority target for the Winter program will be the Alto -Gardnar once permits are received. Burnthut
and Howie are also permitted for diamond drilling and plans are underway to orient pads. Based on
access, the Howie project may be drilled in the summer, as road access is considered excellent.
The historic core assays from Howie have shown us that there is shallow, broad mineralization along a
West-East trend, south of the Twilight zone showing and strongly correlated to a carbonate breccia
system.
At Burnthut, stacked alteration near the surface, on the edge of a VLF anomaly returned low grade gold.
The South-West area of this project has seen historic higher grade gold in similar structures and has not
been followed up on.
Finally, at Alto -Gardnar, our recent channel sampling has uncovered high -grade, coarse gold (130 g/t
Au over 1.0m). Stepping back and testing this at depth will be a priority.
We estimate 1500m to 2000m of drilling, split between high priority targets on our permitted projects.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Our exploration team will complete a drill plan and place a request for proposal out to several
contractors, with the aim of signing and placing a deposit for program execution on completion of the
raise.”
FINANCING TERMS AND USE OF PROCEEDS
The Company announces a non -brokered private placement financing (the “Offering”) for aggregate
proceeds of up to $530,000 (CDN) to advance exploration on Ashley’s Ontario and British Columbia gold
properties, as well as for general working capital.
The Offering consists of a Non -Flow-Through (NFT) Unit at a price of $0.075. Each Unit is comprised
of one common share and one -half of one common share purchase warrant. Each whole common share
purchase warrant is exercisable for one common share, at an exercise price of $0.12 for a term of 24
months after the closing (“Closing Date”).
The Offering also consists of a Flow -Through (FT) Unit at a price of $0.095. Each Unit is comprised of
one Flow Through share and one-half of one common share purchase warrant. Each whole common share
purchase warrant is exercisable for one common share, at an exercise price of $0.15 for a term of 24
months after the closing (“Closing Date”).
In connection with the issue and sale of the Units under the Offering, the Company may pay finder fees
and finder warrants to eligible finders at the discretion of the Board of Directors.
THE EXISTING SHAREHOLDER EXEMPTION AND INVESTMENT DEALER EXEMPTION
The Offering will be made available to existing shareholders of the Company who, as of the close of
business on November 13, 2025, held common shares of the Company (and who continue 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
in similar instruments in other jurisdictions in Canada. The existing shareholder exemption limits a
shareholder to a maximum investment of $15,000 in a 12 -month period unless the shareholder has
obtained advice regarding the suitability of th e investment and, if the shareholder is resident in a
jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment
dealer in the jurisdiction. If the Company receives subscriptions from investors relying on the ex isting
shareholder exemption exceeding the maximum amount of the financing, the Company intends to adjust
the subscriptions received on a pro rata basis.
The Company has also made the Offering available to certain subscribers pursuant to B.C. Instrument 45-
536 – Exemption Form 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.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
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 applicab le Canadian securities laws, in addition to such other
restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
Project History - Howie Property
May 1987:
Esso Minerals conducts a two year program on Howie (known as Snake Bay). Historic drilling logs from
1987 detail wide zones of mineralization. Assays redacted. Data Link
November 2022:
Initial surface prospecting and sampling at Main Katisha Shear Zone yielded assay results up to 52.80 g/t
Au, validating the zone’s gold potential*. News Link
January 2023:
Planned high-resolution drone magnetics survey to target deeper mineralized zones, inspired by Dynasty
Gold’s Thundercloud Project results. News Link
April 2024:
Secured exploration permit and Ontario Junior Exploration Program funding, enabling advanced
geophysical surveys and sampling. Junior Mining Network, April 2, 2024
October 2024:
Completed induced polarization (IP) survey over 2 km of lines to define 2025 drill targets for subsurface
mineralization. News Link
March 2025:
Reviewed IP survey data, expanded the project by two claims, and identified new targets along strike for
further exploration. News Link
May 2025:
Conducted mechanical stripping, outcrop washing, and channel sampling at Katisha Zone, with channel
cut assay results up to 20.2 g/t Au, confirming continuity of gold mineralization in a 5 -10m-wide
deformation zone. Expanded strike with discovery of 1.6 g/t Au sample based on IP data*. News Link
September 2025:
Located the historic Esso core, channel sampling completed at the Twilight Zone outcrop. News Link
Project History - Alto Project
1937:
Gold discovered at Alto-Gardnar by l.W. Alto and W. Gardnar (Berger, 1989).
1940:
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Sandybeach Lake Syndicate; stripping, trenching, bulk sampling, including 125-ton bulk sample from an
open cut with a reported grade of 0.231 ounces per ton (opt) . In 1943, Satterly (in Berger, op.cit.)
reported the bulk sample ran 0.081 opt, although the discrepancy between the two values is unresolved.
1982:
Ground restaked by K. and M. Bernier, who cut a grid and conducted a ground VLF survey, in addition
to resampling historic trenches. (in Berger, op.cit.)
1983:
Report highlighting a strong northeast-southwest striking quartz vein system in Keewatin greenstone
intruded by quartz porphyry, with favorable geology for gold mineralization similar to nearby deposits.
The main vein extends over 1,000 feet with widths up to 24 feet, showing visible gold, pyrite,
chalcopyrite, and commercial assays up to 0.37 oz/ton gold. (Report, 1983)
1986:
Loydex Resources Inc. flew airborne magnetometer and EM survey over the area including the Alto -
Gardnar shear zone (Terraquest, 1987)
1995:
Champion Bear Resources drilled four diamond drill holes on the Alto -Gardnar property, no data is
available (Pryslak and Sears, 1995).
2006:
Gossan Resources conducted a field program involving 340 meters of mechanical stripping , detailed
geologic mapping, channel sampling of 273 samples, prospecting, and MMI soil sampling to define the
structural controls and extend the shear zone. Results revealed anomalous gold values up to 9.69 g/t
primarily in sheared mafic volcanics with qu artz stringers and alteration, alongside identification of
potential shear extensions up to 2.3 km northeast. Conclusions highlight two styles of gold
mineralization—in quartz veins and shear zones —recommending re -assaying for nugget effects,
petrographic analysis, and drilling to further evaluate the property's potential.
October 2022:
Ashley acquires the Alto-Gardnar project.
May 2024:
Ashley Gold Discovers New Vein at Alto-Gardnar Assaying 106 g/t Au. (News Link)
NI 43-101 Disclosure
The technical information in this news release was prepared and reviewed by Darcy Christian, CEO,
P.Geo., a Qualified Person as defined in National Instrument 43 -101. Mr. Christian is registered as a
Professional Geoscientist with Engineers Geoscientists o f Alberta. Mr. Christian is non -independent of
Ashley Gold Corp.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Some results discussed in this document are historical. Ashley 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.
*Management cautions that grab samples are selective in nature, and the assay results may not
necessarily represent true underlying mineralization.
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% o wnership in Burnthut, Howie, Alto -
Gardnar and Santa -Maria 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
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
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
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 u ncertainties. 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.”