Ashley Gold Corp. Provides 2025 Fall Exploration Update for British Columbia, Advances High-Grade Polymetallic Assets, Engages Dahrouge Geological Consulting Ltd.

September 11, 2025 at 08:30 AM EDT

September 11, 2025 - Ashley Gold Corp. - TheNewswire - (CSE: “ASHL”) (“Ashley” or the “Company”) is pleased to announce that it has retained Dahrouge Geological Consulting Ltd. (“DG”) of Edmonton, Alberta to undertake a fall exploration program at the company's Gold Mountain Project, British Columbia.

President Noah Komavli on the forthcoming exploration program;

“Ashley Gold’s team is busily advancing drill plans and core cutting considerations in Dryden, Ontario.

I am also very happy to announce Ashley has retained Dahrouge Geological Consulting Ltd, a leading consulting firm in the minerals industry – who have a long track record of discoveries. We look forward to their taking on the management of the Company’s British Columbia exploration assets.

With a Notice of Work (“NOW”) submitted by the prior claim operator for diamond drilling, this Project is sufficiently advanced for the next stage of exploration.

While the NOW process is ongoing, Dahrouge Geological will undertake further surface sampling to ensure proper target selection for future drill programs, while expanding our knowledge of the 500m mineralized strike length and recently staked claims, which remain unexplored.

The Gold Mountain project is one of three projects that comprise the Icefield Portfolio. Sporadic historical exploration has returned exceptional results, validated by modern data, with peak silver grades of up to 6,670 g/t reported from a grab sample”.

Gold Mountain

Gold Mountain is an early staged gold-silver project, located about 50 km northwest of Golden, British Columbia. The project consists of four claims covering approximately 1,863 ha. Highlights include:

North Showing: Grab sample returned 4.87 g/t Au, 710 g/t Ag, and 1.89% Cu (Allen, 1982)
South Showing: Peak values of 30.3 g/t Au, 13,301 g/t Ag, and 32.54% Cu (Allen, 1982)
- 1984 Drilling (Parr, 1984): Notable intervals include:
  - 4.14 m - 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb (Drillhole A)
  - 4.85 m - 29.99 g/t Au, 6,711.3 g/t Ag, 11.0% Cu, and 14.53% Pb (Drillhole B)
- 2020-2021 Exploration: A Ag-Au-Pb-Zn-Cu-Sb mineralized system at Gold Mountain identified (see January 13, 2021 and January 4, 2022 news releases)
  - Five samples returning 1,000 to 6,670 g/t Ag
  - Eight samples returning 1,260 to 8,220 ppm Sb

The Property’s mineral-rich history dates back to the 1930s and includes impressive showings of gold, silver, copper, and lead within a trend that spans over 600 meters. Past work has revealed high-grade values across two primary showings, North and South, which are separated by approximately 450 meters of talus—a zone where mineralized boulders suggest continuity of mineralization between the two showings.

The South Showing covers an area of 160 by 50 meters and features five vein exposures in multiple trenches, where high-grade mineralization has previously been sampled, including values up to 30.3 g/t Au, 13,301 g/t Ag and 32.54% Cu (Allen, 1982). These veins trend toward the North Showing, which has been partially exposed by a shallow open cut and an old adit. Exploration during 1982 at the North Showing, near the adit, identified a 1 m wide quartz vein, which returned a grab sample of 4.87 g/t Au, 710 g/t Ag and 1.89% Cu indicating a rich polymetallic presence (Allen, 1982). Together, these showings form a mineralized corridor that remains open at both ends.

Eight shallow backpack style drill holes were completed in 1984 (Parr, 1984), though poor recoveries were noted, results include:

• 4.14 m – 57.62 g/t Au, 7,349.5 g/t Ag, 16.5% Cu, and 8.74% Pb

• 4.85 m – 29.99 g/t Au, 6,711.3 g/t Ag, 11% Cu, and 14.53% Pb

Samples collected in 2020 and 2021 confirmed the high-grade mineralization at both the North and South Showings, with five samples returning from 1,000 to 6,670 g/t Ag, and eight samples returning from 1,260 to 8,220 ppm Sb.

Click Image To View Full Size

Figure 1: Historical work overview on Gold Mountain Property

Recent claim additions opened a path for expanded exploration aimed at uncovering the full extent of mineralization along this trend.

NI 43-101 Disclosure

The technical information in this news release was prepared and/or reviewed by Nathan Schmidt., P.Geo., a Qualified Person as defined in National Instrument 43-101. Mr. Schmidt is registered as a Professional Geoscientist with Engineers Geoscientists of British Columbia (#48336) and an employee of Dahrouge Geological Consulting Ltd. (Permit to Practice #1003035).

Some results discussed in this document are historical. Pegasus Resources nor the qualified person have performed sufficient work or data verification of the historical data. Historical Ag and Au results from Gold Mountain were presented in original documentation as troy oz/short ton and were converted to g/t using conversion of 34.28. 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 focused exploration company targeting high-potential gold and polymetallic deposits in Canada’s top mining regions. We aim to deliver strong returns for shareholders through smart exploration and strategic growth.

Our Assets

Ontario (Dryden Area): 100% ownership in Burnthut, Tabor-Sakoose, Howie, Alto-Gardnar
British Columbia: Icefield Portfolio with three promising claim packages.

For more information, visit: www.ashleygoldcorp.com.

Contact Information

On behalf of the Board of Directors,

Noah J. Komavli, President, Director

C: (647) 567-9840

E: info@ashleygoldcorp.com
X: KKomavli

-Or-

Darcy Christian, P.Geo, CEO

C: (587) 777-9072

E: dchristian@ashleygoldcorp.com

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.”

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Ashley Gold Corp. Provides 2025 Fall Exploration Update for British Columbia, Advances High-Grade Polymetallic Assets, Engages Dahrouge Geological Consulting Ltd.

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