Mr. James Currie reports

ASCOT AMENDS SHAREHOLDER MEETING MATERIALS

Following the recently announced director resignations, Ascot Resources Ltd. is filing an amended and restated notice of meeting, form of proxy and management information circular with respect to its annual general meeting of shareholders, to be held on June 18, 2025. The amended meeting materials replace and supersede the prior materials. Shareholders are advised to review the amended circular, which replaces and supersedes the management information circular of the company dated May 1, 2025, and filed on May 9, 2025, and to complete the amended proxy.

The company is utilizing the notice-and-access under National Instrument 54-101, Communication with Beneficial Owners of Securities of a Reporting Issuer, and NI 51-102, Continuous Disclosure Obligations, for distribution of the meeting materials to shareholders.

The amended meeting materials will be filed and available on SEDAR+ and the company website.

The amended materials have been amended to reflect the subsequent resignations of Richard Zimmer and Coille Van Alphen from the board. As a result, the number of directors standing for election has been reduced from eight to six and the list of director nominees has been updated accordingly. The amended materials also reflect an amended resolutions to set the number of directors of the company at six. All other matters described in the original meeting materials remain unchanged. Shareholders are encouraged to submit a new proxy using the amended proxy. However, any proxies received on the original form of proxy will be counted toward the applicable resolutions.

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 OTCQX 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.