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ASHL.CN ·

Ashley Gold Corp. Names Wolfenberg to Board of Directors

Management Changes

Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6

+1 587 777 9072| ashleygoldcorp.com

FOR IMMEDIATE RELEASE

Ashley Gold Corp. Names Wolfenberg to Board of Directors

CALGARY, ALBERTA - November 4, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the

“Company”) is pleased to announce that Chris Wolfenberg has been appointed to the Board of Directors

effective immediately.

President Noah Komavli on the appointment;

“Ashley’s dedication to advancing from exploration to discovery in top Canadian districts can only be

achieved with depth and breadth in our team.

From geology to engineering, marketing to finance and accounting to legal, the company continues to

attract and recruit top talent that share our core principles centered on driving shareholder value.

In alignment with that theme, I am thrilled to announce the appointment of Chris Wolfenberg, a seasoned

legal professional and entrepreneur, to the Board.”

Incoming Director Chris Wolfenberg;

“I have been a long time Ashley shareholder and supporter, and believe the company is well positioned in

this exciting gold environment.

Ashley is led by an extremely passionate and driven management team that wants to see the company

evolve and grow meaningfully.

I look forward to sharing that vision and supporting the company in corporate and legal governance.”

About Chris Wolfenberg

Chris is a leading business lawyer based in Calgary, Alberta, focused on public and private corporate and

securities transactions in the technology, mining and energy sectors. He acts as Director and Officer of a

number of public, private and not -for-profit entities. Chris has been recognized as Canadian Lawyer of

the Year for Mining Law, and has also been recognized for his venture capital and securities practice. He

has received national recognition for his community contributions.

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, 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.

- 2 -

Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6

+1 587 777 9072 | ashleygoldcorp.com

Contact Information

On behalf of the Board of Directors,

Noah J. Komavli, P.Eng, President, Director

C: (647) 567-9840

E: [email protected]

X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: [email protected]

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 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.”