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Ascot Resources Announces Results Of Annual General Meeting Held June 23, 2022

Press Release

Vancouver, B.C. June 23, 2022 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) reports that at its annual general meeting (the “AGM”) held today, June 23, 2022, Ascot’s shareholders approved by majority: to elect all seven directors standing for re-election; to re-appoint PricewaterhouseCoopers LLP as the Company’s auditor; the Company’s three equity plans; and the philosophy and design of the Company’s executive compensation.

Detailed results of the votes held by ballot at the AGM are set out below:

Nominee

Total Votes
Cast

Total Votes
Cast For

Votes
Withheld

%
For

%
Withheld

William Bennett

168,237,306

148,777,455

19,459,851

88.43

11.57

Kenneth Carter

168,237,306

167,953,128

        284,178

99.83

0.17

Indi Gopinathan

168,237,306

167,923,985

      313,321

99.81

0.19

Don Njegovan

168,237,306

163,716,837

  4,520,469

97.31

2.69

James Stypula

168,237,306

157,399,647

 10,837,659

93.56

6.44

Andree St-Germain

168,237,306

 167,920,914

        316,392

99.81

0.19

Rick Zimmer

168,237,306

 163,086,778

    5,150,528

96.94

3.06

Total Votes
Cast

Total Votes
Cast For

Total Votes Cast
Against

%
For

%
Against

Stock Option Plan

168,237,306

150,226,001

  18,011,305

89.29

10.71

Amended Share Unit Plan

168,237,306

159,825,964

    8,411,342

95.00

5.00

Amended Deferred Share Unit Plan

168,237,306

161,789,452

6,447,854

96.17

3.83

Non-binding Resolution on the
Company’s Executive Compensation

168,237,306

166,291,793

1,945,513

98.84

1.16

The Board and Derek White, President and CEO, extend thanks to the shareholders of the Company for their continued support.

Please join President & CEO Derek White for a presentation via webcast at 1:15 PM PST for the results of the AGM and an overview of Ascot’s progress and plans in 2022. Please join 5 to 10 minutes prior to the scheduled time.

Webcast: http://services.choruscall.ca/links/ascot20220623.html
Telephone: toll free Canada/USA 1‐800‐319‐4610; International 1‐604‐638‐5340

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]
778-725-1060 ext. 1024

About Ascot Resources Ltd.

Ascot is a Canadian-based exploration and development company focused on re-starting the past producing historic Premier gold mine, located in British Columbia’s Golden Triangle.  The Company continues to define high-grade resources for underground mining with the near-term goal of converting the underground resources into reserves, while continuing to explore nearby targets on its Premier/Dilworth and Silver Coin properties (collectively referred to as the Premier Gold Project).  Ascot’s acquisition of IDM Mining added the high-grade gold and silver Red Mountain Project to its portfolio and positions the Company as a leading consolidator of high-quality assets in the Golden Triangle.

For more information about the Company, please refer to the Company’s profile on SEDAR at www.sedar.com or visit the Company’s web site at www.ascotgold.com, or for a virtual tour visit www.vrify.com under Ascot Resources.

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