Rights Offering Update
Rights Offering Update
Not for distribution to U.S. news wire services or dissemination in the United States.
VANCOUVER, British Columbia, Dec. 05, 2025 -- Ascot Resources Ltd. (TSXV: AOT.H; OTCID: AOTVF) (“ Ascot” or the
“Company”) advises shareholders that further to its news release of November 7, 2025, that the rights offering to raise gross
proceeds of up to C$14,871,517 (the “Rights Offering”) described therein is set to expire at 5:00 pm (Toronto time) on Friday
December 12, 2025 and subscriptions and subscription funds (paid by certified cheque, bank draft or money order) must be
received on or before such time by the rights agent, Computershare Investor Services Inc. (the “ Rights Agent”), in order to
participate in the Rights Offering. The procedure and documentation for exercising rights is set out in a Rights Offering circular
dated November 7, 2025 (the “Circular”), available on the Company’s SEDAR+ profile at www.sedarplus.ca, and for persons
outside of the United States, on the Company’s website at www.ascotgold.com and in the Rights Subscription Form, both
documents of which were delivered to shareholders of record on November 18, 2025 (the “Record Date”) who are resident in a
province or territory of Canada (the “Eligible Jurisdictions”).
A link to the Rights Offering Notice and Circular is as follows: https://ascotgold.com/investors/rights-offering/
Shareholders are reminded that in addition to the Basic Subscription Privilege ( Box 1 of Rights Subscription Form ) which
entitle shareholders to acquire one additional share (“ Additional Rights Shares ”) for each share they held at the Record
Date, shareholders may also subscribe for additional shares that have not been subscribed for under the Additional
Subscription Privilege ( Box 2 of Rights Subscription Form ) up to the total number of shares offered under the Rights
Offering. If the aggregate number of Additional Rights Shares subscribed for under the Additional Subscription Privilege
exceeds the number of available Additional Rights Shares, each holder will receive Additional Rights Shares equal to the
lesser of (1) the number of Additional Rights Shares subscribed for by the holder under the Additional Subscription Privilege;
and (2) a pro-rata share based on the number of Additional Rights Shares they exercised compared to all other holders who
subscribed under the Additional Subscription Privilege.
Your stockbroker or dealer agent can assist with these subscriptions.
Shareholders of the Company who are not resident in the Eligible Jurisdictions, including resident of the United States, may
not have received a Rights Subscription Form but may be eligible to exercise their Subscription Privileges if such shareholders
are able to establish to the satisfaction of the Company that they are eligible to participate in the Rights Offering on or before
5:00 p.m. (Toronto time) on December 5, 2025, or such other date as determined by the Company, subject to the laws of the
jurisdiction where they are resident. Shareholders who require assistance in completing their subscriptions or who have not
received a Rights Subscription Form should contact Tally Barmash at [email protected]
On behalf of the Board of Directors of Ascot Resources Ltd.
James A. (Jim) Currie
CEO and Director
For further information contact:
Email: [email protected]
Phone: 778-725-1060
and:
Robert McLeod
Email: [email protected]
Phone: 604-617-0616
About Ascot
Ascot is a Canadian mining company headquartered in Vancouver, British Columbia, and its shares trade on the NEX under
the ticker AOT.H and on the OTCID under the ticker AOTVF. Ascot is the 100% owner of the Premier Gold mine which is
located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia.
For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the
Company’s web site at www.ascotgold.com.
Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-
looking information under Canadian securities laws (" forward-looking statements "). Forward-looking statements are often,
but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect", "targeted",
"outlook", "on track" and "intend" and statements that an event or result "may", "will", "should", "could", “would” or "might"
occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein
are forward-looking statements, including statements in respect of the terms and conditions of the Rights Offering, the
anticipated use of proceeds from the Rights Offering; the ability of the Company to accomplish its business objectives and the
intentions described herein; and future plans, development and operations of the Company. These statements involve known
and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those
anticipated in such forward-looking statements, including uncertainty relating to the closing of the Rights Offering, delays in
obtaining or failure to obtain required approvals to complete the Rights Offering; discretion in the Company’s use of available
funds from the Rights Offering; the uncertainty associated with estimating costs to completion of the Rights Offering; risks
relating to negative operating cash flows of the Company; dilution of the shareholdings of shareholders who do not exercise all
of their Rights under the Rights Offering; irrevocability of the exercise of Rights by a shareholder; the possibility that the
subscription price is not indicative of the Company’s value; if a shareholder fails to follow the subscription procedure and abide
by the subscription deadline their subscription may be rejected; business and economic conditions in the mining industry
generally; fluctuations in commodity prices and currency exchange rates; environmental compliance; risks related to
outstanding debt; uncertainty of estimates and projections relating to development, production, costs and expenses, and
health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and
grade of mineral deposits; the need to obtain additional financing to finance operations and uncertainty as to the availability
and terms of future financing; social media and reputation; negative publicity; human rights; business objectives; shortage of
personnel; health and safety; the possibility of delay in future plans and uncertainty of meeting anticipated program
milestones; claims and legal proceedings; information systems and cyber security; internal controls; violation of anti-bribery or
corruption laws; competition; tax considerations; compliance with listing standards; enforcement of civil liabilities; financing
requirement risks; market price volatility of Common Shares; uncertainty as to timely availability of permits and other
governmental approvals; the need for exchange approval, and other regulatory approvals and other risk factors as detailed from
time to time in Ascot's filings with Canadian securities regulators, available on Ascot's profile on SEDAR+
at www.sedarplus.ca including the Annual Information Form of the Company dated March 24, 2025 in the section entitled
"Risk Factors". Forward-looking statements are based on assumptions made with regard to: the completion of the Rights
Offering under certain thresholds, including the estimated costs thereof; the estimated costs associated with the care and
maintenance plans; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and
mineral reserves; labor and materials costs increasing on a basis consistent with the Company’s current expectations, the
ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining
dilution; the ability to reduce capital costs; the ability of the Company to raise additional financing; currency exchange rates
being approximately consistent with current levels, compliance with the covenants in Ascot’s credit agreements; exploration
plans; and general marketing, political, business and economic conditions. Forward-looking statements are based on
estimates and opinions of management at the date the statements are made. Although Ascot believes that the expectations
reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward
-looking statements since Ascot can give no assurance that such expectations will prove to be correct. Ascot does not
undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking
information contained in this news release is expressly qualified by this cautionary statement.