Ascot Enters into Agreements to Acquire the Silver Coin Property IN Northwestern British Columbia
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ASCOT ENTERS INTO AGREEMENTS TO ACQUIRE THE SILVER COIN PROPERTY IN
NORTHWESTERN BRITISH COLUMBIA
Vancouver, B.C., August 13, 2018 - Jayden Resources Inc. (JDN : TSXV) (the “Company”)
announces today that the agreement with Ascot Resources Ltd. and J ayden Resources Inc. (“Jayden”)
to acquire Jayden’s 80%interest in the Silver Coin property (the “Property”) located in northwestern
British Columbia throught he acquisition of all of the issued shares of Jayden Resources (Canada) Inc.
(the “Transaction”).
Highlights of the Silver Coin Property
• Approximately 244,000 AuEq 1 ounces of high- grade resources with significant exploration
upside that adjoins the Ascot Property boundary
• Located immediately adjacent to Ascot’s Big Missouri project with access to the Big Missouri
haul road
• Identical ore type/mineralization as Ascot’s current resources
• Extensive pre-existing underground infrastructure with side hill portal
• Approximately 5 kilometers from Ascot’s mill facility with expected low transportation costs
• Silver Coin ore was previously processed at the Premier mill
• First step towards consolidation of the area in proximity to the Premier mill
Derek White, President and CEO of Ascot commented, “Material from the Silver Coin property was
successfully mined and processed in the early 1990s at the Premier mill. The project’s proximity to
Ascot’s infrastructure and the identical metallurgi cal characteristics create key synergies with Ascot ’s
existing resources. We are excited about the explor ation potential at the Silver Coin property and the
potential to rapidly add to our resource base on ou r path forward. We are very pleased that we were ab le
to reach a mutually beneficial agreement with Jayde n and Mountain Boy and look forward to creating
value for all stakeholders by consolidating the hig h-grade resources in the southern part of the proli fic
Golden Triangle.”
A map on the following page shows the location of the Silver Coin property.
1 Gold equivalence was calculated using a ratio of 65:1 Ag:Au and Ag recovery of 45.2%.
2
Summary of Transaction terms
Pursuant to the share purchase agreement with Jayde n (the “Jayden SPA”), Ascot will acquire all of the
issued and outstanding shares of Jayden’s subsidiary, Jayden Resources (Canada) Inc. (“Jayden Canada”) ,
in exchange for up to 16,703, 181 Ascot common sha res (“Ascot Shares”) including up to 1,715,684
Ascot Shares relating to options and warrants of J ayden exercised before the closing date with the ne t
cash proceeds of the warrants accruing to Ascot. Jayden Canada owns an 80% joint venture interest in the
Property pursuant to a joint venture agreement with Mountain Boy (the “JV Agreement”). Mountain Boy
Minerals Ltd. has also agreed to waive its right of first refusal under the JV Agreement. The Mountai n
Boy Purchase Agreement provides that Ascot’s acquis ition of the 20% interest in the Property from
Mountain Boy is conditional on the acquisition of the 80% interest in the Property from Jayden.
The Jayden SPA contains standard representations, w arranties and covenants for a transaction of this
nature. The Jayden SPA also includes standard non-s olicitation provisions of Jayden in favour of Ascot
and requires Jayden to pay Ascot a break fee of $45 0,000 in the event of the acceptance by Jayden of a
superior offer or a change in recommendation by the Jayden board of directors in respect of the
Transaction. Completion of the Transaction is subj ect to a number of conditions, including receipt of
shareholder approval by the Jayden shareholders and receipt of approval by the TSX Venture Exchange.
Certain shareholders of Jayden and all of the offic ers and directors of Jayden (collectively, the “Loc ked-
up Shareholders”) have entered into voting support agreements with Ascot, whereby they have agreed to
vote their Jayden common shares in favour of the Tr ansaction and to restrict trading of Ascot Shares
3
distributed by Jayden to its shareholders pursuant to the Transaction for a period of 6 months followi ng
closing of the Transaction. The Locked-up Sharehold ers own or have control or direction of over
approximately 31.4% of the current issued and outst anding shares of Jayden. The Jayden shareholder
meeting is expected to occur in early October, 2018 and the Transaction is expected to close shortly
thereafter.
The Silver Coin Property
The Silver Coin Project is an advanced-stage, gold-silver property located 25 kilometers north of Stewart,
B.C., 800 metres from Ascot’s Big Missouri project and 5 kilometers away from the Premier mill.
Mineralization is characterized as epithermal gold- silver deposit with base metal sulfide-bearing brec cias
and veins similar to those mined at the Premier Min e. The total mineral resource estimate for the high -
grade core of Silver Coin already consists of 702,0 00 tonnes grading 4.58 g/t AuEq in the indicated
category and 967,000 tonnes grading 4.52 g/t AuEq i n the inferred category in accordance with National
Instrument 43-101 standards by Mining Plus Canada d ated August 23, 2013 The resource estimate was
stated at a cut-off grade of 2 g/t Au. The historic ally mined material from Silver Coin graded almost 10
g/t Au and the Company expects that similar grades can be achieved by increasing the cut-off grade. Th e
project has room for expansion of the mineralized z ones and significant exploration potential for
additional zones.
For further information on the Silver Coin Property, please visit www.jaydenresources.com
John Kiernan, P. Eng. is the Qualified Person (QP) as defined by National Instrument 43-101 and has
reviewed and approved the technical contents of this news release.
For further information about Jayden and this news release contact Mike Thast at 604-688-9588, or
email [email protected] .
On Behalf of the Board:
"David Eaton"
President & Chief Executive Officer
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information.
Forward-looking statements include, but are not lim ited to, the continued advancement of the company's general business
development, research development and the Company's development of mineral exploration projects. When used in this
document, the words "anticipate", "believe", "estim ate", "expect", "intent", "may", "project", "plan", "should" and similar
expressions may identify forward-looking statements. Jayden Resources Inc. believes that their expecta tions reflected in these
forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that
actual results will be consistent with these forwar d-looking statements. Important factors that could cause actual results to
differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals,
the inability to implement corporate strategies, the ability to obtain financing and other risks discl osed in our filings made with
Canadian Securities Regulators.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Not for distribution to U.S. Newswire Services or for dissemination in the United
States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.