Ascot Resources Ltd. Shareholders Approve Key Resolutions at Annual General Meeting

VANCOUVER, British Columbia – June 19, 2025 – Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) today announced the successful outcome of its Annual General Meeting (AGM) held on June 18, 2025. Shareholders demonstrated strong support for the Company's governance and strategic direction by approving all proposed resolutions.

The AGM, a crucial event for corporate transparency and shareholder engagement, saw robust participation from Ascot's investor base. The approved resolutions underscore shareholder confidence in the current leadership and operational plans as Ascot continues to advance its gold projects.

Key Resolutions Approved by Shareholders

At the meeting, Ascot shareholders voted on several important matters impacting the Company's governance and future operations. The key resolutions that received majority approval were:

• Setting the Number of Directors: Shareholders approved setting the size of the Board of Directors at six (6) members. This decision maintains a focused and efficient board structure to oversee the Company's activities.
• Election of Directors: All six directors standing for election were successfully elected. The re-election of the incumbent board members signals shareholder satisfaction with the current board's performance and strategic oversight. The elected directors bring a diverse range of expertise in mining, finance, and corporate governance, which is essential for guiding Ascot through its development phases.
• Re-appointment of Auditor: PricewaterhouseCoopers LLP was re-appointed as the Company's independent auditor for the upcoming fiscal year. The re-appointment of a globally recognized firm like PricewaterhouseCoopers provides assurance regarding the integrity and transparency of Ascot's financial reporting.
• Executive Compensation Philosophy and Design: Shareholders approved the philosophy and design of the Company's executive compensation program. This approval indicates shareholder alignment with how Ascot incentivizes its leadership team, linking executive performance to shareholder value creation.

Market Context and Implications

The successful outcome of the AGM is generally viewed positively by the market. The approval of all resolutions, particularly the re-election of the board and the endorsement of executive compensation, suggests stability and continuity in Ascot's leadership and strategic direction. In the current market environment, where investor confidence in management is paramount, this outcome can contribute to a positive sentiment surrounding the stock.

For a company like Ascot, which is actively developing its mining assets, a stable and experienced board is crucial for navigating the complexities of project development, financing, and operational execution. The re-appointment of PricewaterhouseCoopers as auditor also reinforces the Company's commitment to strong financial governance, which is increasingly important for attracting and retaining institutional investors.

The approval of the executive compensation plan, designed to align management incentives with shareholder interests, is another factor that can be viewed favorably. It suggests that the Company's leadership is motivated to achieve key milestones that will ultimately benefit shareholders.

While the AGM results themselves are primarily governance-related, they occur within the broader context of the gold market. Gold prices have shown volatility, influenced by macroeconomic factors such as inflation expectations, interest rates, and geopolitical events. For gold developers like Ascot, progress on project development, permitting, and financing are key drivers of value, and a stable corporate structure is essential to execute on these fronts.

Investment Insights

For investors holding or considering an investment in Ascot Resources (TSX: AOT; OTCQX: AOTVF), the results of the AGM provide several insights:

• Stability and Continuity: The re-election of the board and approval of governance matters indicate a stable corporate environment. This reduces uncertainty related to leadership changes and strategic shifts, which can be a positive factor for long-term investors.
• Confidence in Management: Shareholder approval of executive compensation suggests confidence in the current management team's ability to deliver on the Company's objectives.
• Focus on Execution: With governance matters settled, the Company can maintain its focus on advancing its gold projects, particularly the Premier Gold Project in British Columbia. Investors should monitor progress on construction, permitting, and financing activities.
• Financial Governance: The re-appointment of a reputable auditor reinforces the Company's commitment to transparent financial reporting, which is a positive sign for due diligence.

Investors should consider these AGM results in conjunction with Ascot's operational updates, financial performance, and the broader market conditions for gold and junior mining companies. While the AGM results are positive from a governance perspective, the success of the investment will ultimately depend on the Company's ability to successfully develop its assets and navigate market dynamics.

In conclusion, the successful outcome of Ascot's Annual General Meeting on June 18, 2025, reflects strong shareholder support for the Company's governance and strategic direction. The approval of key resolutions sets a stable foundation for Ascot as it continues its work on its promising gold projects.