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To: Goose94 who wrote (20174)	7/14/2016 10:44:31 AM
From: Goose94	Read Replies (1) \| Respond to of 202283

AOT-V new 52 week high, $1.74

To: Goose94 who wrote (20174)	8/5/2016 2:16:44 PM
From: Goose94	Read Replies (2) \| Respond to of 202283

Ascot Resources (AOT-V) Aug 5, '16 is pleased to announce that it has closed the previously announced non-brokered private placement for 17,391,306 units (the "Units") at a price of $1.15 per Unit for gross proceeds of $20,000,001.90 (the "Offering"). Each Unit consists of one common share and one-half of one non-transferable common share purchase warrant. Each whole warrant is exercisable for an additional common share until August 5, 2018 at an exercise price of $1.50 per warrant. Eric Sprott acquired all 17,391,306 Units pursuant to the Offering, which Units represent approximately 12.90% of the outstanding common shares on a non-diluted basis and 18.18% on a partially diluted basis assuming exercise of the warrants. Prior to the Offering, Mr. Sprott owned 76,700 common shares (representing approximately 0.07% of the then outstanding common shares). Mr. Sprott now owns 17,468,006 common shares and 8,695,653 warrants, representing approximately 12.96% of the outstanding common shares on a non-diluted basis and approximately 18.23% on a partially diluted basis. Mr. Sprott acquired the Units for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional common shares either on the open market or through private acquisitions or sell the common shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of Mr. Sprott's early warning report will appear on the Company's profile on SEDAR at www.sedar.com and may also be obtained by calling (416) 362-7172 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J2). In connection with the Offering, the finders received a cash commission equal to 7.0% of the gross proceeds raised under the Offering by the finders and 1,217,391 non-transferable warrants ("Finder's Warrants"). Each Finder's Warrant is exercisable to purchase one common share until August 5, 2018 at an exercise price of $1.15 per Finder's Warrant. All securities issued pursuant to the Offering are subject to a statutory hold period expiring on the date that is four months and one day following the date of issuance. The proceeds from the Offering will be used for exploring the Company's Premier property and for working capital. Appointment of Director and Grant of Options The Company is pleased to announce that Greg Gibson has been appointed to the board of directors of Ascot Resources Ltd, effective immediately. Greg is President and CEO of Sprott Mining and Jerritt Canyon Gold LLC. He has more than 30 years' experience in the mining industry as a miner, mine manager, director, CEO and President. Greg's experience has focused on gold and copper mines primarily in Canada, US, and Australia. He successfully led Trelawney Mining and Exploration as President, CEO and director from an early explorer to the $608 million sale to IAMGOLD in 2012. Greg is a director of Latin American Minerals, Barkerville Gold Mines, Kerr Mines, Sprott Mining Inc., and Jerritt Canyon Canada. Pursuant to the Company's Stock Option Plan, approved by shareholders on September 29, 2015, Ascot has granted stock options to a director and an employee for a total of 600,000 shares in the capital stock of the Company exercisable at a price of $2.34 on or before August 4, 2021. For more information concerning the Company, please refer to the Company's profile on the SEDAR website at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS OF ASCOT RESOURCES LTD. John A Toffan, President Ascot Resources Ltd. Bob Evans CFO and Director 604-379-1170 www.ascotresources.ca