Ascot Resources Intersects 23.72 Meters of 5.09 Grams Per Tonne Gold at Martha Ellen

Ascot Resources Ltd. (TSX VENTURE:AOT) - 

Highlights of Release:



--  Drilling continues to expand and confirm property potential for bulk
    tonnage and higher grade underground gold/silver targets.
--  Results reported for second set of 26 holes of the 2013 drilling
    campaign.
--  Drilling will continue with three drill rigs until the end of the
    season. 



Ascot Resources Ltd. (the "Company") is pleased to announce that wide zones of
gold and silver mineralization continue to be encountered in all target areas of
the Premier and Dilworth properties. Results have now been received from ALS for
52 of 72 holes drilled to date and approximately 13,000 metres of the planned
20,000 metres have been completed. The 2013 drilling campaign continues to
expand and confirm the property potential for both bulk tonnage and higher grade
underground gold/silver targets. The remainder of the holes have results pending
and will be released at a later date. Drilling will continue for the balance of
the season with three Ascot drill rigs. 


Wide zones of gold and silver mineralization continue to be encountered in all
of the target areas demonstrating bulk tonnage potential in a generally flat
sheet like orientation containing higher grade quartz breccia bodies. The
release covers results for the second set of 26 holes (P-13-459 to 485). The
first 26 holes were released September 12th 2013 news release. Detailed results
table, locations and figures can be viewed at the following Ascot link:
www.ascotresources.ca 


 New highlights include:



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                                      From      To   Width      Au      Ag
Hole #      Zone          Comment      m's     m's     m's   (g/t)   (g/t)
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PR-13-462   Sparky                  145.46  167.00   21.54    1.30    16.9
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                          incl.     145.46  155.00    9.54    1.74    8.70
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PR-13-463   Martha Ellen            115.00  138.00   23.00    1.28    10.3
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                          incl.     119.37  128.80    9.43    2.09    17.0
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PR-13-464   Sparky                  187.38  219.00   32.62    1.80    14.1
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                          incl.     194.00  196.00    2.00   17.85    13.1
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PR-13-466   Martha Ellen            104.00  130.15   26.15    1.38     5.7
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                          incl.     116.00  126.00   10.00    2.22     6.3
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                          incl.     124.00  126.00    2.00    7.53     6.1
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PR-13-468   Martha Ellen             94.00  117.72   23.72    5.09    14.5
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                          incl.     105.00  110.00    5.00   19.05    44.6
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                          incl.     105.00  106.97    1.97   38.80    32.8
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PR-13-470   Martha Ellen             25.00   96.50   71.50    1.07     4.4
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                          incl.      25.00   41.00   16.00    3.60    11.9
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                          incl.      40.00   41.00    1.00   36.30    85.7
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PR-13-472   Sparky                   82.00  107.00   25.00    1.38    33.6
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                          incl.     100.00  106.00    6.00    2.30    21.8
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PR-13-473   Martha Ellen             18.00   62.50   44.50    1.10     5.7
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                          incl.      27.00   38.00   11.00    3.38    13.7
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                          incl.      36.50   38.00    1.50    6.86    12.2
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PR-13-484   Martha Ellen             35.00   69.78   34.78    1.80     4.4
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                          incl.      39.00   41.00    2.00   27.30    32.7
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PR-13-485   Martha Ellen             69.00  111.00   42.00    1.43    18.2
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                          incl.      87.00   96.13    9.13    3.60    56.7
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True widths are generally believed to be 85-90% of intersected widths. (i)  
Assay values are not cut-see detailed table for cut values.                 



Drilling for the period of this release has been focussed in the Martha Ellen
and Sparky areas using favorable summer weather to access these more remote
areas. Drilling to date at Martha Ellen is demonstrating good continuity,
particularly to the north in areas never historically drill tested. Results from
this release indicate grades as good as or better than the historic tested area.
Drilling in the Sparky area of Dilworth is testing modelling from the 2012 work
which indicated N-S striking east dipping quartz breccia bodies and this
approach has been successful to date. 


As the season progresses the drills will be relocated into the Big Missouri area
with lower elevations and better road access which will allow cost effective
drilling into the fall season.


Graeme Evans, P. Geo and Lawrence Tsang, P.Geo are providing the field
management for the Premier exploration program. Graeme Evans, designated as the
Qualified Person (QP) as defined by National Instrument 43-101 has prepared the
technical information in this news release.


Quality Assurance/Quality Control

Analytical work is being carried out by ALS Lab Group. Quality assurance and
quality control programs include the use of analytical blanks and standards and
duplicates in addition to the labs own internal quality assurance program. All
samples were analyzed using multi-digestion with ICP finish and fire assay with
AA finish for gold. Samples over 100 ppm silver were reanalyzed using four acid
digestion with an ore grade AA finish. Samples over 1,500 ppm silver were fire
assayed with a gravimetric finish. Samples with over 10 ppm gold were fire
assayed with a gravimetric finish. Identified or suspected metallic gold or
silver are subjected to "metallics" assays. Sampling and storage are at the
company's secure facility in Stewart with bi-weekly sample shipments made to ALS
Labs Terrace prep site. 


On Behalf of the Board of Directors

ASCOT RESOURCES LTD.

John A. Toffan, President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this press release.


Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this press
release relative to markets about anticipated future events or results
constitute forward-looking statements. Forward-looking statements are often, but
not always, identified by the use of words such as "seek", "anticipate",
"believe", "plan", "estimate", "expect" and "intend" and statements that an
event or result "may", "will", "should", "could" or "might" occur or be achieved
and other similar expressions. All statements, other than statements of
historical fact, included herein, including, without limitation; the completion
of the Offering on the terms set forth herein, the anticipated closing date of
the Offering and the use of proceeds from the Offering are forward looking
statements. Forward-looking statements are subject to business and economic
risks and uncertainties and other factors that could cause actual results of
operations to differ materially from those contained in the forward-looking
statements. Important factors that could cause actual results to differ
materially from the Company's expectations include fluctuations in commodity
prices and currency exchange rates; uncertainties relating to interpretation of
drill results and the geology, continuity and grade of mineral deposits; the
need for cooperation of government agencies and native groups in the exploration
and development of properties and the issuance of required permits; the need to
obtain additional financing to develop properties and uncertainty as to the
availability and terms of future financing; the possibility of delay in
exploration or development programs and uncertainty of meeting anticipated
program milestones; and uncertainty as to timely availability of permits and
other governmental approvals. Forward-looking statements are based on estimates
and opinions of management at the date the statements are made. The Company does
not undertake any obligation to update forward-looking statements except as
required by applicable securities laws. Investors should not place undue
reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ascot Resources Ltd.
[phone]
[phone] (FAX)
www.ascotresources.ca