Mr. James Currie reports

ASCOT PROVIDES UPDATE ON LISTING

Ascot Resources Ltd. has received a letter from the continued listing committee of the Toronto Stock Exchange, stating that the committee has determined to delist the company's common shares, effective at the close of market on Oct. 10, 2025, for failing to meet the continued listing requirements of the TSX. On April 10, 2025, the company announced that the TSX had commenced a delisting review, and that it could provide no assurance as to the outcome of such review and the continued qualification for listing of the common shares. The company intends to pursue an alternative listing on the TSX Venture Exchange. While the company intends to transition its listing to the TSX-V on or prior to the delisting date to avoid interruptions in trading, there can be no assurances that the transition will occur by that date or at all.

About Ascot Resources Ltd.

Ascot is a Canadian mining company headquartered in Vancouver, B.C., and its shares trade on the TSX under the ticker AOT and on the OTCQB under the ticker AOTVF. Ascot is the 100-per-cent owner of the Premier gold mine, which poured first gold in April, 2024, and is located on Nisga'a Nation treaty lands, in the prolific Golden Triangle of northwestern British Columbia.

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