Ascot Resources Announces Results Of Annual General Meeting Held June 23, 2022

Vancouver, B.C. June 23, 2022 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) reports that at its annual general meeting (the “AGM”) held today, June 23, 2022, Ascot’s shareholders approved by majority: to elect all seven directors standing for re-election; to re-appoint PricewaterhouseCoopers LLP as the Company’s auditor; the Company’s three equity plans; 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 below:

Nominee	Total Votes Cast	Total Votes Cast For	Votes Withheld	% For	% Withheld
William Bennett	168,237,306	148,777,455	19,459,851	88.43	11.57
Kenneth Carter	168,237,306	167,953,128	284,178	99.83	0.17
Indi Gopinathan	168,237,306	167,923,985	313,321	99.81	0.19
Don Njegovan	168,237,306	163,716,837	4,520,469	97.31	2.69
James Stypula	168,237,306	157,399,647	10,837,659	93.56	6.44
Andree St-Germain	168,237,306	167,920,914	316,392	99.81	0.19
Rick Zimmer	168,237,306	163,086,778	5,150,528	96.94	3.06
	Total Votes Cast	Total Votes Cast For	Total Votes Cast Against	% For	% Against
Stock Option Plan	168,237,306	150,226,001	18,011,305	89.29	10.71
Amended Share Unit Plan	168,237,306	159,825,964	8,411,342	95.00	5.00
Amended Deferred Share Unit Plan	168,237,306	161,789,452	6,447,854	96.17	3.83
Non-binding Resolution on the Company’s Executive Compensation	168,237,306	166,291,793	1,945,513	98.84	1.16

The Board and Derek White, President and CEO, extend thanks to the shareholders of the Company for their continued support.

Please join President & CEO Derek White for a presentation via webcast at 1:15 PM PST for the results of the AGM and an overview of Ascot’s progress and plans in 2022. Please join 5 to 10 minutes prior to the scheduled time.

Webcast: http://services.choruscall.ca/links/ascot20220623.html
Telephone: toll free Canada/USA 1‐800‐319‐4610; International 1‐604‐638‐5340

ON BEHALF OF THE BOARD OF DIRECTORS OF
ASCOT RESOURCES LTD.

“Derek C. White”, President and CEO

For further information contact:
David Stewart, P.Eng.
VP, Corporate Development & Shareholder Communications
dstewart@ascotgold.com
778-725-1060 ext. 1024

About Ascot Resources Ltd.

Ascot is a Canadian-based exploration and development company focused on re-starting the past producing historic Premier gold mine, located in British Columbia’s Golden Triangle.  The Company continues to define high-grade resources for underground mining with the near-term goal of converting the underground resources into reserves, while continuing to explore nearby targets on its Premier/Dilworth and Silver Coin properties (collectively referred to as the Premier Gold Project).  Ascot’s acquisition of IDM Mining added the high-grade gold and silver Red Mountain Project to its portfolio and positions the Company as a leading consolidator of high-quality assets in the Golden Triangle.

For more information about the Company, please refer to the Company’s profile on SEDAR at www.sedar.com or visit the Company’s web site at www.ascotgold.com, or for a virtual tour visit www.vrify.com under Ascot Resources.

NT4