Ascot Resources Undergoes Major Review

Management Assessment and Strategy Evaluation

Ascot Resources (AOT: TSX, AOTVF: OTCQX) has embarked on a comprehensive review of its mining operations and business strategy under the leadership of newly appointed President and CEO, Jim Currie.

The company acknowledges the significance and complexity of this process, requiring additional time for Mr. Currie to thoroughly evaluate all aspects.

Conference Call Postponement

Due to the ongoing assessment, the previously scheduled conference call has been postponed. Ascot will announce a new date once Mr. Currie has completed his review and is ready to provide a comprehensive update.

"Ensuring a thorough and transparent evaluation of our operations is paramount to providing accurate information to our stakeholders," said Jim Currie. "I appreciate their patience as I chart the best path forward for Ascot."

Commitment to Communication

Ascot remains committed to maintaining open communication with shareholders, stakeholders, and the investment community throughout this period.

About Ascot Resources

Headquartered in Vancouver, British Columbia, Ascot Resources (TSX: AOT, OTCQX: AOTVF) operates the Premier Gold mine, its flagship project located in the Golden Triangle of northwestern British Columbia. The mine commenced gold production in April 2024.

For more information, visit www.ascotgold.com or www.sedarplus.ca.