Mr. Derek White reports

ASCOT RESOURCES ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING HELD JUNE 22, 2023

At Ascot Resources Ltd.'s annual general meeting (AGM) held today, June 22, 2023, Ascot's shareholders approved by majority: to elect all seven directors standing for election; to reappoint PricewaterhouseCoopers LLP as the company's auditor; and the philosophy and design of the company's executive compensation.

Detailed results of the votes held by ballot at the AGM are set out in the attached table.

The board of directors and Derek White, president and chief executive officer, extend their thanks to the shareholders of the company for their continued support.

Please join Mr. White for a presentation via webcast at 1:15 p.m. PST for the results of the AGM and an overview of Ascot's progress and plans in 2023.

Please join five to 10 minutes prior to the scheduled time.

A webcast will be available.

Dial-in numbers

Canada/United States toll-free:  1-800-319-4610

International toll:  1-604-638-5340

About Ascot Resources Ltd.

Ascot is a Canadian junior exploration and development company focused on restarting the past-producing Premier gold mine, located on Nisga'a Nation treaty lands in British Columbia's prolific Golden Triangle. Ascot shares trade on the Toronto Stock Exchange under the ticker AOT. Concurrent with progressing the development of Premier, the company continues to successfully explore its properties for additional high-grade underground resources. Ascot is committed to the safe and responsible development of Premier in collaboration with Nisga'a Nation as outlined in the benefits agreement.

We seek Safe Harbor.