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Ascot Resources Reports Final Drilling Results from Premier Porphyry

Ascot Resources Ltd. (TSX VENTURE:AOT) has provided final results obtained from its 2010 drill program at Premier.

The 2010 program consisted of 68 diamond drill holes for a total of 21,720.51 meters. This release reports results from the last 27 drill holes. Previous results have been released on June 23, 2010 and October 12, 2010 on the Unicorn and Province zones. Initial testing of additional zones includes Sparky, Martha Ellen, 49er and Gerry zones.

Sparky and Bee zones on the Dilworth property were tested with six holes from three pads. These holes tested south-north across portions of both zones over a strike length of 220 meters and returned locally very high values in the Sparky zone for example: P-10-97 of 3.02 m's @ 77.83 g/t Au similar to nearby historic hole HL-08-39 which returned 2.0 m's @ 71.52 g/t Au. Also a new zone of interest was discovered in the Bee Zone which at the east end in hole P-10-109 returned 15.19 m's @ 4.23 g/t Au.

Martha Ellen zone was tested with four holes closely spaced and from two pads to determine the potential of structural zones in the northern portion of the zone proximal to a large body of Premier Porphyry. All four holes intersected gold values demonstrating good continuity to the zone.

49er and Gerry zones, were tested with six holes over a strike length of 500 meters to follow up on results from the 2008 drilling. This 2010 drilling confirms there are a number of zones of widespread gold mineralization again associated with Premier Porphyry dykes.

The balance of drill holes (12 holes) were within the Unicorn and Province zones. These holes continue to identify the presence of a number of high grade zones and large areas of low grade bulk gold targets.

Ascot is reviewing the 2010 work and historic work to outline a 2011 drill program to define resources in priority areas.

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. Samples containing greater than 200 g/t silver and greater than 10,000 ppm (1%) lead and zinc are routinely re-assayed. Identified or suspected metallic gold or silver are subjected to "metallics" assays. Sampling and storage are at the company's secure facility in Stewart with weekly sample shipments made to Assayers Canada.

Graeme Evans, P.Geo and Leif Bjornson, P.Geo are providing the field management for the Premier exploration program. Graeme Evans, designated as the Qualified Person (QP) as defined by National Instrument 43-101 has prepared the technical information in this news release.

Source: Ascot Resources Ltd.

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