Rights Offering Update

Core Viewpoint - Ascot Resources Ltd. is conducting a rights offering to raise gross proceeds of up to C$14,871,517, which will expire on December 12, 2025, at 5:00 pm Toronto time [2]. Group 1: Rights Offering Details - The rights offering allows shareholders to acquire one additional share for each share held as of the record date, November 18, 2025, and also provides an opportunity to subscribe for additional shares not taken up by others [3]. - Shareholders who subscribe for additional shares will receive a pro-rata allocation if the total subscriptions exceed the available shares [3]. - Subscriptions must be received by the rights agent, Computershare Investor Services Inc., by the specified deadline to participate in the offering [2]. Group 2: Eligibility and Participation - Shareholders not residing in eligible jurisdictions, including the United States, may still participate if they can establish eligibility before the deadline [5]. - Assistance for completing subscriptions is available through designated contacts [5]. Group 3: Company Overview - Ascot Resources Ltd. is a Canadian mining company based in Vancouver, British Columbia, and owns the Premier Gold mine located in the Golden Triangle of northwestern British Columbia [6].