Ashley Gold Corp. has compiled historical drilling information at the Sahara Uranium-Vanadium historical reserve as part of it's due diligence process. Results are exceeding expectations with over one-third of the historical drilling intersecting mineralization.

The advanced and accessible Sahara property is located in east-central Utah, 180 miles southeast of Salt Lake City just off of interstate I-70. The amount of drilling completed on property would cost at least $15 million -$20 million if done today. Historical drilling has identified a large body of sandstone hosted Uranium-Vanadium with the 1979 decline terminating against some of the higher uranium grades and thickness' in the system found to date.

This will allow for a quick payout on capital costs to reopen the mine with ore processing at the future Western Uranium facility down the road. Highlights: eU3O8 grades up to 3.92% eU3O8; Thickness of up to 16 feet. Top Holes Highlighted By: 5.5 ft @ 0.78% eU3O8, 1.0 ft @ 3.92% eU 3O8; 6.5 ft @ 0.58% eU3O8.

Includes: 9 holes over 1% eU3O8 38 holes over 0.5% eU3O8);162 holes over 0.2% eU3O8.;392 holes over 0.1% eU3O8: Drill density down to 10m, ~100,000m of historical drilling. Historical ore reserve of ~500,000 lbs of eU3O8 with modern models reporting non-compliant resource of over 2,240,000 lbs of eU 3O8 and almost 4,000,000 lbs of V2O5. Infill and step-out drilling locations defined for upcoming drill program.

Historical drill data currently non-43-101 compliant: Historical ore reserve of ~ 500,000 lbs of eU2,240,000 lbs of Uranium price rebound however this did not occur with prices falling below 20 US dollars a pound for two decades. Grade as high as 3.92% e U3O8 were documented as well as several intercepts over 10ft (3m). Additional programs in 2006 and 2009 were also documented and will be outlined in a future release.

historical drill data currently non- 43-101 compliant: Historical Reserve and First Pass Modelling: By 1987 Energy Fuels outlined a historical ore reserve of almost 500,000 lb of eU3O8 at the Sahara mine. An ore reserve is defined as economically minable ore and represents a high level of confidence. Subsequent modelling in Vulcan as part of a Master's Thesis reports a non-compliant resource of Over 2,240,000 lbs the Uranium price rebound however this does not occur with prices falling below USD a pound for two decades.