Ascot Resources Announces Results of Annual General Meeting Held June 22, 2023

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VANCOUVER, British Columbia, June 22, 2023 (GLOBE NEWSWIRE) — Ascot Sources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Firm”) studies that at its annual normal assembly (the “AGM”) held at present, June 22, 2023, Ascot’s Shareholders authorised by majority: to elect all seven administrators standing for election; to re-appoint PricewaterhouseCoopers LLP because the Firm’s auditor; and the philosophy and design of the Firm’s government compensation.

Detailed outcomes of the votes held by poll on the AGM are set out beneath:

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The Board of Administrators and Derek White, President and CEO, prolong their due to the Shareholders of the Firm for his or her continued help.

Please be part of President & CEO Derek White for a presentation through webcast at 1:15 PM PST for the outcomes of the AGM and an outline of Ascot’s progress and plans in 2023. Please be part of 5 to 10 minutes previous to the scheduled time.

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Webcast: https://services.choruscall.ca/links/ascot20230622.html

To dial in: Canada/USA toll free: 1-800-319-4610; Worldwide toll: +1-604-638-5340

On behalf of the Board of Administrators of Ascot Sources Ltd.
“Derek C. White”
President & CEO

For additional data contact:

David Stewart, P.Eng.
VP, Company Growth & Shareholder Communications
dstewart@ascotgold.com

778-725-1060 ext. 1024

About Ascot Sources Ltd.

Ascot is a Canadian junior exploration and growth firm targeted on re-starting the previous producing Premier gold mine, positioned on Nisga’a Nation Treaty Lands, in British Columbia’s prolific Golden Triangle. Ascot shares commerce on the TSX below the ticker AOT. Concurrent with progressing the event of Premier, the Firm continues to efficiently discover its properties for extra high-grade underground assets. Ascot is dedicated to the secure and accountable growth of Premier in collaboration with Nisga’a Nation as outlined within the Advantages Settlement.

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For extra details about the Firm, please confer with the Firm’s profile on SEDAR at www.sedar.com or go to the Firm’s site at www.ascotgold.com, or for a digital tour go to www.vrify.com below Ascot Sources.

The TSX has not reviewed and doesn’t settle for accountability for the adequacy or accuracy of this launch.

Cautionary Assertion Relating to Ahead-Trying Data

All statements and different data contained on this press launch about anticipated future occasions could represent forward-looking data below Canadian securities legal guidelines (“forward-looking statements”). Ahead-looking statements are sometimes, however not at all times, recognized by means of phrases comparable to “search”, “anticipate”, “consider”, “plan”, “estimate”, “anticipate”, “focused”, “outlook”, “on monitor” and “intend” and statements that an occasion or end result “could”, “will”, “ought to”, “may” or “may” happen or be achieved and different related expressions. All statements, aside from statements of historic reality, included herein are forward-looking statements, together with statements in respect of the development and growth of the PGP and the timing associated thereto, the exploration of the Firm’s properties and administration’s outlook for the rest of 2023 and past. These statements contain identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements, together with dangers related to the enterprise of Ascot; dangers associated to exploration and potential growth of Ascot’s initiatives; enterprise and financial situations within the mining business usually; fluctuations in commodity costs and foreign money alternate charges; uncertainties referring to interpretation of drill outcomes and the geology, continuity and grade of mineral deposits; the necessity for cooperation of presidency businesses and indigenous teams within the exploration and growth of properties and the issuance of required permits; the necessity to acquire further financing to develop properties and uncertainty as to the supply and phrases of future financing; the potential for delay in exploration or growth packages and uncertainty of assembly anticipated program milestones; uncertainty as to well timed availability of permits and different governmental approvals; dangers related to COVID-19 together with antagonistic impacts on the world economic system, development timing and the supply of personnel; and different threat elements as detailed every so often in Ascot’s filings with Canadian securities regulators, out there on Ascot’s profile on SEDAR at www.sedar.com together with the Annual Data Type of the Firm dated March 23, 2023 within the part entitled “Danger Components”. Ahead-looking statements are primarily based on assumptions made with regard to: the estimated prices related to development of the Undertaking; the timing of the anticipated begin of manufacturing on the Undertaking; the flexibility to keep up throughput and manufacturing ranges on the Premier Mill; the tax charge relevant to the Firm; future commodity costs; the grade of Sources and Reserves; the flexibility of the Firm to transform inferred assets to different classes; the flexibility of the Firm to cut back mining dilution; the flexibility to cut back capital prices; and exploration plans. Ahead-looking statements are primarily based on estimates and opinions of administration on the date the statements are made. Though Ascot believes that the expectations mirrored in such forward-looking statements and/or data are affordable, undue reliance shouldn’t be positioned on forward-looking statements since Ascot can provide no assurance that such expectations will show to be appropriate. Ascot doesn’t undertake any obligation to replace forward-looking statements. The forward-looking data contained on this information launch is expressly certified by this cautionary assertion.