Ashley Gold Corp. Re-Mobilizes for Further Ground Work at the Howie and Alto Projects, Dryden, ON
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Re-Mobilizes for Further Ground Work
at the Howie and Alto Projects, Dryden, ON
CALGARY, ALBERTA - October 10, 2025 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to announce that further ground work will be completed prior to the Winter
drilling season.
President Noah Komavli on the update;
“This is an excellent time of year to view outcrops and structure as seasonal foliage dies off. Our
exploration team will arrive in the area next week and be present on the Howie to gain a better handle on
the complex mineralization that outcrops at the Katisha, Howie, and Twilight Zones.
Ultimately, drill pad planning and scoping will be a top priority at the permitted Howie project, as we
await drill core assays to guide next steps and work towards a state of drill-readiness.
At the Alto project, trail brushing will facilitate ease of access for advanced activities. Channel cuts will
then follow across the outcrop, which is known to host nuggety gold in quartz. This is an important next
step to understand continuity, building on prior grab samples that have returned highs of 106 g/t Au.
Our team will be working on permitting across the portfolio, and the Alto represents a compelling target
with high-grade historic values at surface, such as 2.016 oz/t over 0.75 ft. This ground work sets the stage
for maiden drilling once permitted.
These foundational measures align with our efforts to usher in the next gold discovery in the district.”
Figure 1: Visible Gold Sample from Alto 2024 Sampling
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Figure 2: Another Visible Gold Sample from Alto 2024 Sampling
Project History - Alto Project
1937:
Gold discovered at Alto-Gardner by l.W. Alto and W. Gardnar (Berger, 1989).
1940:
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 (Pryslak and
Sears, 1995).
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
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 rev ealed anomalous gold values up to 9.69 g/t
primarily in sheared mafic volcanics with quartz 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)
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. (News Link)
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)
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
September 2025:
Located Snake Bay historic core, channel sampling completed at the Twilight Zone outcrop.
Representative channel values delineate a wide gold bearing corridor, above peer open pit cutoffs. (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.
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 Tabor/Sakoose, Burnthut,
Howie, and Alto-Gardnar claims as well as in British Columbia with the Icefield Portfolio having three
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-
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
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 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.”