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Ascot Resources Reports Drilling Results from Mt. Margaret Property in Washington

Ascot Resources Ltd. (TSX VENTURE:AOT) has announced the results for drill holes seven through eleven of the 2010 drill program on the Mt. Margaret property in the St. Helens Mining District of Skamania County in Washington State.

Drill holes seven and eight 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. Hole MM-10-7 confirmed good continuity of a steeply NW dipping higher grade zone below hole MM-10-05 and the zone persists to depths greater than 450 meters below the surface. Hole MM-10-07 and 08 also tested areas of lower grade "barren pottasic core" area and demonstrate the presence of wide areas of lower grade Cu, Mo, Ag and Au are present.

Drill holes nine, ten and eleven are a fence of holes across the central area of mineralization and encountered a wide area of mineralization extending the mineralization to depths of 450 meters. This area was historically only weakly defined and the present fence of holes has expanded the width of mineralization to in excess of 400 meters.

This news release completes reporting for the 2010 drill program. Planning for the 2011 program is underway.

Highlight results:

MM-10-07 Azimuth 315 degrees Dip -50

MM-10-08 Azimuth 270 degrees Dip -70

MM-10-09 through 11 Azimuth 270 degrees Dip -60 Single Fence of holes

Quality Assurance/Quality Control

Analytical work is being carried out by SGS Canada Inc, 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 SGS Canada Inc.

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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