Ascot Resources Ltd. announced results from the 2023 induced polarization geophysics program at the Company?s Premier Gold Project, located on Nisga?a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. These results are from 28 IP lines totaling 29 line-kilometers across three grids ? one grid near the Premier mill targeting the western extension of the Sebakwe Zone, one grid targeting the northern extension of the Day Zone at the Big Missouri deposit, and one grid testing the strike and depth extent of the Dilworth deposit.

The IP program was conducted between late June and early August. Strong IP anomaly shows potential that the Sebakwe Zone structure extends approximately 1,000 metres beyond the westernmost extent of surface drilling from 2022. Day Zone IP signature continues approximately 800 metres to the north of previous surface drill results.

Dilworth IP shows strong chargeability anomaly to the west and below where most drilling was previously focused.