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Ascot Drills 1 Metre of 126.5 Grams Per Tonne Gold and 622 Grams Per Tonne Silver at Big Missouri; Shares Down 4% at Midday

Ascot Resources Ltd. (AOT.V) has completed its 2012 drilling at Premier which was spread over three areas, the Big Missouri, the Martha Ellen and the Sparky zone at Dilworth. Hole #426 has recently returned a narrow high grade gold hit from the Calcite Cut zone in the Big Missouri area averaging 126.5 g/t gold and 622 g/t Ag over a 1.00 meter interval contained in quartz breccias (3.69 opt gold, 18.1 opt silver over 3.28 feet).

Drilling encountered widespread gold and silver mineralization in all three areas and the mineralization continues to develop as gently dipping sheets in all the zones as part of a large coherent mineralized system. Drilling has now been extended over 5.5 kilometers and continues to demonstrate very good continuity, Ascot said in a statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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