Mr. James Currie reports

ASCOT ANNOUNCES NEW INTERIM BOARD CHAIR

William (Bill) Bennett, interim chair of the board of directors of Ascot Resources Ltd., has resigned to focus on serious family health matters.

A lawyer by training with extensive experience in provincial government as an MLA in British Columbia, Mr. Bennett has provided his leadership, guidance and expertise across multiple committees at Ascot since 2018 and as interim chair since earlier this year. Formerly British Columbia's mines minister, he supported the advancement of the industry and, within it, the participation of first nations.

Indi Gopinathan will replace Mr. Bennett as interim board chair. Ms. Gopinathan joined the Ascot board in late 2021, bringing over two decades of experience in both the mining industry and capital markets to her role.

About Ascot Resources Ltd.

Ascot is a Canadian mining company headquartered in Vancouver, B.C., and its shares trade on the Toronto Stock Exchange under the ticker AOT and on the OTCQB under the ticker AOTVF. Ascot is the 100-per-cent owner of the Premier gold mine, which poured first gold in April, 2024, and is located on Nisga'a Nation treaty lands in the prolific Golden Triangle of northwestern British Columbia.