Ascot Resources Ltd. announced the appointment of Mr. Derek C. White to the position of President and Chief Executive Officer, effective October 6, 2017. Mr. White replaces John A. Toffan, who is retiring for health reasons. Mr. Toffan has agreed to continue as a Director of the company.

In addition, Ascot is also announced the immediate appointment of two new directors to the board of the company; Mr. Rick Zimmer and Mr. James Stypula. Most recently, Mr. White acted as a Principal of Traxys Capital Partners LLP. Rick currently serves as a Director of Capstone Mining Corp., Alexco Resources Corp, and two private mining companies, one in Peru and the other in Canada.

Jim was the former Chairman of the Board of Directors of Magellan Minerals Ltd. after its merger with Chapleau Resources where he served as CEO and Director.