Ascot Resources Ltd. announced the appointment of Mr. Don Njegovan to the Ascot Board of Directors effective immediately. Mr. Njegovan, currently the Vice President of New Business Development at Osisko Mining, headquartered in Toronto, Canada, brings a wealth of experience in both the banking and mining sectors with senior roles held previously at Scotiabank and Hudson Bay Mining & Smelting Co. Capt. John Swann has decided to retire from the Company's board in favour of adding Mr. Njegovan. Capt. Swann, a former Merchant Captain with extensive experience in the marine industry, was involved in the design and construction of the Swamp Point barge transfer system and the proposed ship dock and since then has served Ascot as an independent director. Capt. Swann will continue to consult for Ascot on its Swamp Lake asset as required.