Ascot Learns of Statement of Claim and Denies Allegations

Core Viewpoint - Ascot Resources Ltd. is facing a class action lawsuit in the Ontario Superior Court of Justice, alleging misrepresentations in public disclosures related to its operations at the Premier Gold mine, with the company asserting that the claims are unfounded and intends to defend itself vigorously [1]. Company Overview - Ascot Resources Ltd. is a Canadian mining company based in Vancouver, British Columbia, and trades on the Toronto Stock Exchange (TSX) under the ticker AOT and on the OTCQB under the ticker AOTVF [2]. - The company is the 100% owner of the Premier Gold mine, which commenced gold production in April 2024, located on Nisga'a Nation Treaty Lands in the Golden Triangle of northwestern British Columbia [2].