Ascot Amends Shareholder Meeting Materials

May 15, 2025

Vancouver, B.C. May 15, 2025 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) announces that following the recently announced director resignations, the Company is filing an amended and restated notice of meeting (the “Amended Notice”), form of proxy (the “Amended Proxy”) and management information circular (the “Amended Circular” and together with the Amended Notice and the Amended Proxy, the “Amended Meeting Materials”) with respect to its annual general meeting of shareholders (the “Meeting”) 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 NI 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+ at www.sedarplus.ca and the Company website at www.ascotgold.com.

The Amended Materials have been amended to reflect the subsequent resignations of Mr. Zimmer and Ms. Van Alphen from the Board. As a result, the number of directors standing for election has been reduced from eight (8) to six (6), 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 (6). 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 towards the applicable resolutions.

On behalf of the Board of Directors of Ascot Resources Ltd.
“James A (Jim) Currie”
CEO & COO

For further information contact:

KIN COMMUNICATIONS INC.
Email: AOT@kincommunications.com
Phone: 604-684-6730
About Ascot Resources Ltd.

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