Ascot Executes Definitive Agreement to Acquire Premier

Ascot Resources Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2017) - Ascot Resources Ltd. (TSX VENTURE:AOT) (the "Company" or "Ascot") has entered into a definitive agreement (the "Agreement") with Boliden Limited ("Boliden") pursuant to which Ascot will purchase the mineral rights, land, permits, licences and other assets held by Boliden in connection with the Premier Gold Mine (the "Premier Property"). The Agreement was entered into as one of the conditions of Ascot's exercise of its option to purchase the Premier Property, as previously referred to on July 4, 2017.