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 it has increased the size of its previously announced non-brokered private
placement (the "Private Placement"). The Company now intends to issue up to an
aggregate of approximately 5,700,000 units ("Units") at a price of $0.70 per
Unit for aggregate gross proceeds of up to approximately $3,990,000. 


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 Offering will be subject to a four month
hold period. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ascot Resources Ltd.
Bob Evans
CFO and Director
(604) 379-1170
(604) 684-9877 (FAX)
www.ascotresources.ca

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