Rights Offering Update

Executive Summary

• Ascot Resources Ltd. announces the final deadline (5:00 pm Toronto time, Dec 12, 2025) for subscriptions to its rights offering of up to C$14,871,517.
• Shareholders must submit completed subscription forms and payment (cheque, bank draft or money order) to Computershare Investor Services by the deadline to receive Additional Rights Shares.
• The company reiterates that non‑Canadian shareholders may still participate if they can demonstrate eligibility under their local laws.

Key Details

• Rights Offering Size: Up to C$14,871,517 in gross proceeds.
• Subscription Deadline: 5:00 pm (Toronto time) on Friday, Dec 12, 2025.
• Record Date for Eligibility: November 18, 2025 – shareholders of record in Canadian provinces/territories receive the Rights Subscription Form.
• Subscription Mechanics:
• Basic Subscription Privilege – one Additional Right Share per share held on the Record Date (Box 1).
• Additional Subscription Privilege – ability to subscribe for any remaining shares not taken up under the basic privilege (Box 2), allocated pro‑rata if oversubscribed.
• Payment Methods: Certified cheque, bank draft, or money order payable to the Rights Agent (Computershare Investor Services Inc.).
• Contact for Assistance: Tally Barmash – [email protected].
• Non‑Canadian Shareholder Participation: May be allowed if eligibility can be demonstrated before the deadline, subject to local jurisdictional laws.
• Documentation Access: Rights Offering circular dated Nov 7, 2025 available on SEDAR+ and the company website; link provided: https://ascotgold.com/investors/rights‑offering/.

Notable Quotes

“Shareholders are reminded that in addition to the Basic Subscription Privilege … shareholders may also subscribe for additional shares …” – Jim Currie, CEO & Director.