ALDT RESO : Aldershot graduates from the NEX to the Exchange as a Tier 2 issuer

November 24, 2016
Vancouver, BC - Aldershot Resources Ltd. (the 'Company') is pleased to announce that the TSX Venture Exchange (the 'Exchange') has approved the following transactions which have enabled the Company to graduate from the NEX to the Exchange as a Tier 2 issuer.
Property Asset
Pursuant to an Option and Joint Venture Agreement (the 'Agreement') between the Company and Transition Metals Corp. ('Transition'), a private Ontario company, the Company has been granted an option (the 'Option') to earn an initial 51% interest and up to a 75% interest in Transition's Haultain Gold discovery project (the 'Property') located 75km southwest of Kirkland Lake. To earn a 51% interest in the Property, the Company has committed to funding $400,000 worth of exploration on the Property in year one and must incur cumulative work expenditures totaling $2,000,000 by the third anniversary of the Agreement. In addition, the Company will issue 1,500,000 common shares of the Company (the 'Common Shares') to Transition, $200,000 worth of Common Shares on the first anniversary date of the effective date of the Agreement and issue an additional $250,000 worth of Common Shares to Transition by the second anniversary date of the Agreement; both at a price reflecting the 20 day volume weighted average trading price (VWAP) at the time of issue, subject to regulatory approvals, including the Exchange, to earn its initial 51% interest. During the course of the initial stage of the Option, Transition has agreed to serve as program operator, dedicating its team and expertise to overseeing approved programs of work on behalf of the Company. Upon earning an initial 51% interest, the Company may opt to acquire an additional 24% interest in the Property (yielding a total of 75%) by committing to completing a feasibility study. Upon the Company earning its 51% or 75% interest in the Property, as the case may be, a joint venture would be formed, with each party obliged to fund work programs on the property to maintain its respective interest.
For further information, please refer to the Company's news releases dated April 25, 2016 and November 8, 2016 which are available under the Company's profile on SEDAR at www.sedar.com.
Private Placement -Non-Brokered
The Company has received $450,000 of share subscriptions representing 9,000,000 Units and a commitment to receive a further $150,000 share subscriptions representing 3,000,000 Units of the Company (the 'Units') at a price of $0.05 per Unit. Each Unit consists of one Common Share and one warrant exercisable for five years at $0.06 per share. The securities have a hold period of four months plus one day. The Company expects the private placement to gross $600,000 representing 12,000,000

Units, an oversubscription of the private placement announced. A 10% finder's fee or $10,000 will be paid to Leede Jones Gable Inc. of Vancouver, British Columbia in respect of $100,000 subscribed for by Leede Jones Gable's clients upon delivery of 2,000,000 Units by the Company. A further 1,000,000 Units will be delivered to another shareholder by the Company upon receipt of $50,000 for total receipts of $150,000. The proceeds of the private placement will be used primarily for the exploration of the Property and general working capital purposes.
Graduation and Symbol Change
Effective on November 24, 2016 the Company's listing will be transferred from NEX to the Exchange as a Tier 2 issuer and its symbol will be changed to ALZ.
The Company is excited about its advancement and looks forward to a bright future.
FOR AND ON BEHALF OF THE BOARD
Signed: 'Jeremy Caddy'
Jeremy Caddy
CEO and Director
About Aldershot
The Company is a publicly listed corporation engaged in the business of exploration, production and exploitation of oil and gas assets.
For further information, please visit Aldershot's web-site at: www.aldershotresources.com or contact:
Jeremy Caddy, President & Chief Executive Officer
Aldershot Resources Ltd.
Phone: [phone]
Email: [e-mail]
Forward-looking statements:
This press release may contain forward-looking statements about certain of the Company's current plans, goals and expectations relating to the Agreement. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All forward-looking statements involve risk and uncertainty because they relate to future events and circumstances beyond the Company's control. As a result, the Company's actual financial condition, performance and results may differ materially from the plans, goals and expectations set out in the forward-looking statements. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.