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CALGARY, ALBERTA – TheNewswire - October 20, 2025 - Ashley Gold Corp. (CSE: “ASHL&) (“Ashley& or the “Company&) is pleased to announce that it has concluded negotiations with a private company for the option of its 100% owned Tabor-Sakoose claims.
Ashley Gold Corp. will retain a portion of the original Santa-Maria claims.
President Noah Komavli on the sale;
“I am excited to share that Ashley has concluded negotiations that will strengthen the balance sheet ahead of further exploration activities.
This option agreement unlocks significant value for the company, with a full sale ensuring retained upside through an equity stake. We look forward to being collaborative partners and eventually shareholders.
With this boost in capital liquidity, Ashley is positioned to achieve additional near term objectives. I look forward to providing further updates on our exploration strategy in Ontario shortly.&
Company Positioning
On completion of the Alto-Gardnar channeling work, the exploration team will move to the Santa-Maria to conduct additional prospecting.
The company expects to release additional announcements in the coming weeks, as plans will be finalized for advanced exploration in Dryden, ON.
Additionally, interest from European investors have facilitated the company to initiate steps to dual list on the Frankfurt exchange. These measures will ensure further liquidity in the market, as well as ensuring European investors can take part in Ashley&s exciting progressions. To this end, the company continues to actively evaluate an OTC listing.
About the Transaction
The transaction is composed of a base cash component of $100,000.00 Canadian (max $150,000), and a total issued value of $225,000.00 in equity of a listed entity.
The payment structure is as follows:
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$50,000 on signing, 3 month buyer due diligence period (Paid)
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The due diligence period can be extended by 3 months with another $50,000 payable to Ashley
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$50,000 on sale to a listed entity, payable to Ashley
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In the event of a sale to a listed entity, $225,000 in equity, unlocked in 3 tranches, one tranche every 6 months. With the first tranche being unlocked 6 months from the date of sale, or from listing date, whichever is first.
All existing NSR agreements over respective claims will be enforced and transferred to the new owner.
A finders fee of 10% will be paid to an arms length third-party for facilitating and introducing the receiving party, pending exchange acceptance. The fee will be paid in 10% of the cash received and 10% of the received equity at time of free trading, in stock of Ashley.
About the Santa-Maria
Click Image To View Full Size
Image 1: Santa-Maria Retained Claims (Orange), 100% Ashley Gold Corp.
The Lee Lake Southeast occurrence is located in a recently clear cut area, with freshly refurbished logging roads. It is situated just 800m northeast of the wide, northwest-trending Kawashegamuk Lake shear zone, and occurs at the eastern margin of an extensive area of intense carbonate alteration [1]. Past small-scale mining occurred in an open cut within an approximately 20m wide shear zone. Additional quartz veins were observed along the shear. This target is yet to be drilled and has not been the subject of geophysical studies.
The Santa-Maria 1 pit is located just North-West of the Lee-Lake occurrence along the same logging road. Host rock outcrops on either side of the logging road. The Santa-Maria pit was visited, and is mostly filled or caved in, with two visible quartz veins running into the east side wall. A 12 inch wide quartz vein was sampled, with trace galena observed in clusters, as well as trace chalcopyrite and pyrite.
Click Image To View Full Size
Image 2: CEO Darcy Christian in the Santa Maria 1 pit - quartz vein (left)
References
[1] https://www.geologyontario.mines.gov.on.ca/mineral-inventory/MDI52F08NW00012
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 of 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% ownership in Santa-Maria, Burnthut, Howie, 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
E: info@ashleygoldcorp.com
X: KKomavli
-Or-
Darcy Christian, P.Geo, CEO
C: (587) 777-9072
E: dchristian@ashleygoldcorp.com
Connect With Ashley:
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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