AOT Ascot Resources Ltd

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Ascot Resources Ltd. (the "Company") (TSX VENTURE:AOT) is pleased to announce
that further to its news releases dated July 19, 2013 and July 24, 2013, it has
closed the first tranche of the non-brokered private placement of 1,299,000 flow
through units (the "Flow Through Units") at a price of $0.75 per Flow Through
Unit for gross proceeds of $974,250 (the "Flow Through Financing"). Each Flow
Through Unit consists of one flow-through share and one non-transferable flow
through warrant ("Flow Through Warrant"). Each Flow Through Warrant will be
exercisable for an additional flow through share until July 31, 2014 at an
exercise price of $0.75. 


The Company is also pleased to announce that it has closed the first tranche of
the non-brokered private placement of 557,428 units ("Units") at a price of
$0.70 per Unit for gross proceeds of $390,199.60 (the "Non-Flow Through
Financing", and together with the Flow Through Financing, the "Private
Placement"). Each Unit consists of one share and one non-transferable warrant
("Warrant"). Each Warrant will be exercisable for an additional share until July
31, 2015 at an exercise price of $0.70. 


In connection with the Private Placement, the Company paid to finders a cash
commission of $102,333.72, representing 7.5% of the gross proceeds raised under
the Private Placement, plus 97,425 non-transferable warrants issued in
connection with the Flow Through Financing exercisable into common shares until
July 31, 2014 at an exercise price of $0.75 and 41,807 non-transferable warrants
issued in connection with the Non-Flow Through Financing exercisable into common
shares until July 31, 2014 at an exercise price of $0.70. 


All securities issued pursuant to the private placement are subject to a hold
period expiring on December 1, 2013. 


The gross proceeds raised from the Flow Through Financing will be used for
exploration expenditures which will constitute Canadian exploration expenses (as
defined in the Income Tax Act (Canada)) and will be renounced in an applicable
income tax year. The net proceeds from the Non Flow Through Financing will be
used for exploration expenditures and general and administrative expenses. 


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 news release.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act" )or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


Cautionary Statement Regarding Forward-Looking Information

All statements, trend analysis and other information contained in this news
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. More particularly and without limitation, this news release
contains forward-looking statements and information concerning the anticipated
use of proceeds from the Private Placement. The forward-looking statements are
based on estimates and opinions of management at the date the statements are
made. 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. 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 (FAX)
www.ascotresources.ca

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