AOT Ascot Resources Ltd

Further to its news release of July 19, 2013 Ascot Resources Ltd ("Ascot or the
Company") (TSX VENTURE:AOT) announces that it has revised the structure of the
non-flow through portion of its proposed financing to conform with TSX Venture
Exchange regulations. 


Ascot announces, subject to regulatory approval, it will undertake a
non-brokered private placement, to accredited investors, of up to 4,285,714
units (the "Units) at a price of $0.70 per Unit for gross proceeds of
approximately $3 million. Each Unit will consist of one share and one
non-transferable warrant. Each warrant will be exercisable at a price of $0.70
for a period of two years from the closing of the private placement. 


All securities issued pursuant to the private placements will be subject to a
four month hold period.


In connection with the private placement the Company will pay, subject to TSX
Venture Exchange approval, a cash fee of 7.5% per cent of the gross proceeds
raised by finders and issue non- transferable warrants ("Finder's Warrants")
equal to 7.5% of the Units sold pursuant to the efforts of finders. The Finder's
Warrants will be exercisable at $0.70 per Finder's Warrant into common shares of
the Company for a period of one year from the closing of the private placement.


ON BEHALF OF THE BOARD OF DIRECTORS OF 

ASCOT RESOURCES LTD. 

John A. Toffan, President and Director 

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term
is defined in the policies of the TSX Venture Exchange) accepts 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 regarding 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. 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. 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 even if
circumstances or management's estimates or opinions should change. Investors
should not place undue reliance on forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ascot Resources Ltd.
(604) 379-1170
(604) 684-9877
www.ascotresources.ca

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