Ashley Gold Corp. Submits Final Holes for Assay, TAK-26-04 and TAK-26-05, Shares Example Mineralization
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072| ashleygoldcorp.com
FOR IMMEDIATE RELEASE
Ashley Gold Corp. Submits Final Holes for Assay, TAK-26-04 and TAK-26-05,
Shares Example Mineralization
CALGARY, ALBERTA - May 11, 2026 - Ashley Gold Corp. (CSE: “ASHL”) (“Ashley” or the
“Company”) is pleased to share visuals and operational updates from its concluded Phase 1 diamond
drilling program on the 100% owned Tak Patents.
Highlights:
- Core logging and cutting completed,
- All five holes pending assay results.
Image 1: Regional Map and Area of Activity
- 2 -
Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
President Noah Komavli; “The final two holes have been submitted to the lab as of today. We look
forward to reviewing, plotting and sharing results as they are received. Our Phase 2 program will pick
up where we left off after the ongoing Spring melt completes.”
Drilling Operation Update
All holes completed during Phase 1 have been cut, logged and submitted for assay.
Table 1: Drilling Location Data
TAK-26-04/05 Visuals
Image 2: Example Mineralization in Halved Core
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Suite 1150, 707 7th Avenue SW Calgary, Alberta T2P 3H6
+1 587 777 9072 | ashleygoldcorp.com
Image 3: Sulphide Mineralization Apparent in Top of TAK-26-04
Image 4: Pyrite Veinlet in Altered QFP
- 4 -
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. 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 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,
“Noah Komavli”
- 5 -
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.”