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Ascot Resources Receives Drilling Results for Mt. Margaret Property in Washington

Ascot Resources Ltd. (TSX VENTURE:AOT) has announced the results for the fourth, fifth and sixth holes (MM-10-04, 05, 06) on the Mt. Margaret property in the St. Helens Mining District of Skamania County in Washington State.

These holes were drilled in the northwestern portion of the property from a common pad. This area had seen relatively little historic drilling by Duval and these holes tested the continuity of mineralization in this area which is greater than 300 meters north of the first drill section. Hole MM-10-4 (a 270 degree azimuth -50 degree dip hole) was abandoned early due to technical difficulties, drilling the leached cap in this area, hole MM-10-05 was successfully drilled with a shallow dip due to drilling into the hillside, and hole MM-10-06 was another attempt to complete the MM-10-04 section by drilling at a steeper dip. Both completed holes demonstrate that better than average grades are present in this area and again persist to greater depth as demonstrated by hole MM-10-06, which ended in mineralization grading 0.488% Cu at vertical depth of approximately 380 meters below surface.

Ascot has completed eleven diamond drill holes (4876.4m's) to date and the program has ended for the season due to inclement weather.

Quality Assurance/Quality Control

Analytical work is being carried out by Assayers Canada in Vancouver, BC. Quality assurance and quality control programs include the use of analytical blanks and standards and duplicates in addition to the labs own internal quality assurance program. All samples are run for ICP AR, Au FA as well as Cu Assays. Sampling and storage are at the company's secure facility in Randle with weekly sample shipments made to Assayers Canada

The Qualified Person responsible for review of the technical data in this news release is Graeme Evans, P.Geo. Mr. Graeme Evans is the qualified person for the purposes of NI 43-101.

Source: Ascot Resources Ltd.

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