Ashley Gold Corp. Provides Operations Update for Ongoing Tak Drill Program
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Provides Operations Update for Ongoing Tak Drill Program
CALGARY, ALBERTA - April 20, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to share visuals and operational updates from its active diamond drilling program
on the 100% owned Tak Patents.
Highlights:
- Core logging and cutting well underway,
- Four holes completed,
- 62 samples, comprising the entirety of TAK-26-01, being submitted for assay as of today.
Figure 1: Regional Map and Area of Activity
President Noah Komavli; “Visiting the region and project was eye opening, very enjoyable and a
whirlwind of activity. The Tak boasts scale, something you don’t see or appreciate on regional maps due
simply to the dominance of our neighbors, NexGold, Kenorland, and Dryden Gold. While in the area, I
had the pleasure of meeting with many stakeholders, ensuring Ashley has the necessary local
connections for long term operational support.”
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Drilling Operation Update
The following holes have been completed thus far during Phase 1 drilling.
Pad 1, Hole 1: Undercut and step back from TAK- 99-10. Logging and cutting completed.
Pad 2, Hole 2: East fan on TAK-02-02. Logging and cutting ongoing.
Pad 2, Hole 3: West fan on TAK-02-02.
Pad 3, Hole 4: North hole to test undrilled zones under the historically worked trenches.
Core Logging and Assay Update
Core logging and cutting is progressing at anticipated rates, with current focus on TAK-26-02. As
disclosed, TAK-26-01 has been logged and cut, with delivery of samples to ActLabs Dryden anticipated
for today.
Figure 2: Exploration Manager Shannon Baird, P.Geo, Testing Magnetic Response of TAK-26-01
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 3: TAK-26-01 - Example Mineralization in Cut Sample - Quartz Stockwork with Hydrothermal
Pyrite (around 4m)
TAK-26-02 Update
This hole was designed as an eastward fan of Southern Rio TAK-02-02, with a completed drill length of 200m.
Example mineralization and alteration found in the core are presented below.
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 4: TAK-26-02 - Example Mineralization
Figure 5: TAK-26-02 - Example Mineralization in Quartz, Fine Disseminated Sulphides
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 6: TAK-26-02 - Example Pyrite Cube in Potassic Altered Quartz Feldspar Porphyry
Figure 7: TAK-26-02 - Quartz Carbonate Veining and Disseminated Sulphide in Potassic Altered Quartz
Feldspar Porphyry
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 8: TAK-26-02 - Quartz Veinlet with Recrystallized Pyrite
Figure 9: TAK-26-02 - Quartz Carbonate Vein in Potassic Altered Quartz Feldspar Porphyry
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
References
Property MDI Link:
https://www.geologyontario.mndm.gov.on.ca/mndmfiles/mdi/data/records/MDI000000002119.htm
l
Wedge Zone assays: https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-
geology-documents/assessment/52G13NW2001/52G13NW2001.PdF
Triex logs (Tak-99 holes):
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-
documents/assessment/52G13NW2002/52G13NW2002.Pdf
Southern Rio logs (Tak-02 holes):
https://prd-0420-geoontario-0000-blob-cge0eud7azhvfsf7.z01.azurefd.net/lrc-geology-
documents/assessment/52F16NE2006/52F16NE2006.Pdf
NI 43-101 Disclosure
The technical information in this news release was reviewed and approved by Shannon Baird, P.Geo., a
Qualified Person as defined in National Instrument 43-101. Mr. Baird is Exploration Manager of Ashley
Gold Corp. and registered as a Professional Geoscientist with the Professional Geoscientists of Ontario
as well as the Engineers and Geoscientists of British Columbia.
*Management cautions that core visuals are selective in nature to begin with and is not representative of
the hole in its entirety or indicative of any grade overall. Samples have not been submitted and therefore,
assay results are pending and visual identification of minerals does not guarantee economic grades.
These preliminary visual observations are awaiting laboratory confirmation.
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 in the Dryden Area in Ontario with a 100% ownership in Santa-Maria, Burnthut
(including the Tak Patents), Howie, and 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,
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
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
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.”