Ascot Resources Ltd. announced the second batch of assay results from the 2023 exploration drill program at the Company?s Premier Gold Project, located on Nisga?a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. These are the final results from surface drilling for in-fill and exploration purposes at the Prew Zone in the Premier deposit, southeast of the Premier mill. For the 2023 exploration season, drilling was initially conducted on the Prew Zone, where mining is planned to begin at the Premier deposit.

After completing 16 holes at Prew, drilling shifted to Big Missouri and the Day Zone where two drill rigs have since completed 5,368 metres of drilling in 62 drill holes. Assays for these holes are pending. The Company expects the 2023 drill campaign to conclude within the next ten days.

Following the first batch of four holes from the Prew Zone released on August 25, 2023, this release summarizes results from the remaining twelve holes totaling 4,360 metres drilled from two pads. The drill holes targeted stope shapes for additional pierce points, gaps between stopes due to previous drill patterns, and extensions along strike and up dip. The first four drill holes from this year?s program targeted the eastern part of the Prew Zone, and these subsequent twelve holes continued towards the west.

High-grade gold mineralization was also intercepted in multiple drill holes within a known geological wireframe which exists below the existing stope shapes ? boding well for the potential to add to the existing mine plan in this zone. This wireframe was intersected by hole P23-2480 at a depth of 290m, encountering visible gold and an assay grading 55.0 g/t Au over 1.0m, and by hole P23-2473 at a depth of 311m with an assay grade of 10.3 g/t Au over 1.0m.