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Ascot Appoints David Stewart VP – Corporate Development & Shareholder Communications

Press Release

Vancouver, B.C. June 3, 2021 — Ascot Resources Ltd (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) is pleased to announce the appointment of David Stewart as VP–Corporate Development & Shareholder Communications effective immediately.

Derek White, President & CEO of Ascot commented, “We are very pleased to have David join Ascot. He has covered Ascot as an equity research analyst since early 2019 and has been a strong supporter of our value proposition. Given David’s background in mining engineering and equity research, his knowledge of the market and his familiarity with the Company, he will be a great addition to our team. We look forward to David playing a key role in helping the Company move towards production and ensuring our story continues to be effectively communicated to current and future shareholders.”

Mr. Stewart has a decade of mining sector experience including both domestic and overseas mine development, operations and engineering, and five years of sell-side precious metals equity research. He was most recently VP & Analyst, Mining and Metals at Desjardins Securities, and including prior tenure at GMP Securities he has cumulatively covered 23 companies ranging from small-cap explorers to large-cap gold producers. He has visited both the Premier and Red Mountain properties as a part of his research. David’s mining career began with Redpath Mining developing underground mine projects around the world, after which he worked at Barrick Gold’s Hemlo operation where he was responsible for mine design, project execution, and expansion scoping study development. David is a licenced professional engineer in the province of Ontario and holds a Bachelor of Applied Science in Mining Engineering from Queen’s University.

David Stewart, VP, Corporate Development commented “In just a few short years Ascot has emerged as one of the most attractive and de-risked gold development stories in Canada. I’m excited to now play a more meaningful role in Ascot’s growth trajectory as we endeavour to become one of Canada’s next gold producers and enhance value for all stakeholders.”

ON BEHALF OF THE BOARD OF DIRECTORS OF
ASCOT RESOURCES LTD.

“Derek C. White”, President and CEO

For further information contact:
David Stewart, P.Eng.
VP, Corporate Development & Shareholder Communications
[email protected]
(647) 294-8361

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