Howie Lake Property Acquisition
1130 West Pender Street, Suite 820, Vancouver, BC, V6E 4A4
+1 403 829-9877 | ashleygoldcorp.com
FOR IMMEDIATE RELEASE
CALGARY, ALBERTA
September 13, 2022
Ashley Gold Corp. signs agreement to acquire Howie Lake Property
Calgary, Alberta --(September 1 3, 2022) – Ashley Gold Corp. ("Ashley" or the " Company")
(CSE:ASHL) is pleased to announce it has entered into a property purchase agreement dated September
12, 2022 (the " Agreement"), to purchase a claim block located SE of Dryden, Ontario, known as the
Howie Lake Property (the "Property").
George Stephenson, President of As hley, commented, "The acquisition of the Howie Lake Property
presents an excellent exploration opportunity and allows Ashley to expand its footprint into an active and
highly prospective mining area that is host to several large-scale gold operations."
ABOUT THE HOWIE LAKE PROPERTY
The property is located approximately 55 km southeast of Dryden, Ontario and can be accessed through a
year-round gravel road that leads south from Highway 17. This road runs through the middle of the claim
group, and several logging roads lead off this road providing additional access to the region. The property
consists of 64 mining cells, approximately 1000 Ha. The Howie Lake claims share a common boundary
with the Thundercloud Lake (Pelham Project) that is currently operated by Dynasty Gold and hosts a
defined resource of 200,000 oz Au. This active mining area has been known to host several large -scale,
gold deposits including the Cameron Lake deposit, the Rainy River deposit, and the Hammond Reef
deposit.
There are seven (7) known gold occurrences documented in the OGS Mineral Deposit Inventory that lie
within the Howie Lake Property that have seen little modern-day exploration. The property is dominated
by three distinct phases of shear zones and fault development. Two parallel fault zones (West Fault Zone
and East Fault Zone) have been identified between Howie Lake and Katisha Lake that require further
exploration. The East Fault Zone is host to numerous gold showings, The Katisha South Zone, Howie
Lake Zone, Swamp Zone, and the Twilight Zone. The West Fault Zone is host to the Zig Zone.
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1130 West Pender Street, Suite 820, Vancouver, BC, V6E 4A4
+1 403 829-9877 | ashleygoldcorp.com
Figure-1 Howie Lake Property Location
THE AGREEMENT
Pursuant to the Agreement, subject to the Canadian Stock exchange (CSE) approval, Ashley is required
to pay $10,000 and issue 50,000 common shares at a deemed price per share of $0.10, on satisfaction of
all closing conditions. The common shares issued in connection with the Agreement will be subject to a
hold period expiring 4 months and 1 day from the date of issuance.
The Seller will retain a 0.5% Net smelter royalty (NSR) and Ashley has the right to buy back the 0.5%
NSR for $500,000 at anytime
ABOUT ASHLEY GOLD CORP.
Ashley Gold is focused on creating substantive long-term value for its shareholders through the discovery
and development of world class gold deposits. Ashley currently holds an option to earn 100% interest in
the Ashley Mine Project, subject to a 2% royalty. In addition, Ashley has acquired 100% of the Santa
Maria Project subject to a 1.75% royalty. Ashley is ac tively searching for additional high potential gold
properties to add to its portfolio.
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1130 West Pender Street, Suite 820, Vancouver, BC, V6E 4A4
+1 403 829-9877 | ashleygoldcorp.com
Ashley Gold Corp. is an early- stage natural resource company engaged primarily in the acquisition,
exploration, and if warranted, development of mineral properties. The Corporation’s objective is to
conduct efficient and economical exploration on its growing portfolio of high- quality gold projects,
currently focused in northeastern and northwestern Ontario within the western Abitibi and the Eagle -
Wabigoon-Manitou Lakes Greenstone Belts.
The responsibility of this release lies with Mr. George Stephenson, CEO and President +1 (403) 816-2262
• [email protected], who, with Mr. Darcy Christian, Vice President, Operations • +1
(587) 777 -9072 • [email protected] , may be contacted for further information.
www.ashleygoldcorp.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE)
accepts responsibility for the adequacy or accuracy of this release.
DISCLAIMER & 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. Undue reliance should not be placed on “forward looking statements”.