Ascot Announces Results of Annual General Meeting Held November 10, 2020

VANCOUVER, British Columbia, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF) (“Ascot” or the “Company”) reports that at its annual general meeting (the "AGM") held on November 10, 2020, Ascot's shareholders approved by majority: to reduce the size of the board to seven; to elect all seven directors standing for re-election; to re-appoint PricewaterhouseCoopers LLP as the Company's auditor; and to approve an amendment and restatement to the articles of the Company.

Detailed results of the votes held by ballot at the AGM are set out below.

Nominee	Total Votes Cast	Total Votes Cast For	Votes Withheld	% For	% Withheld
William Bennett	69,831,644	69,487,281	344,363	99.51	0.49
Kenneth Carter	69,831,644	69,766,382	65,262	99.91	0.09
Robert Evans	69,831,644	69,792,149	39,495	99.94	0.06
Don Njegovan	69,831,644	69,487,320	344,324	99.51	0.49
James Stypula	69,831,644	63,850,912	5,980,732	91.44	8.56
Andree St-Germain	69,831,644	69,791,959	39,685	99.94	0.06
Rick Zimmer	69,831,644	63,052,668	6,778,976	90.29	9.71
	Total Votes Cast	Total Votes Cast For	Total Votes Cast Against	% For	% Against
Size of the Board	69,831,644	69,506,751	324,893	99.53	0.47
Amendment and Restatement of the Articles	69,856,944	69,795,674	61,270	99.91	0.09

On behalf of the Board, Derek White, President and CEO of Ascot, extends his thanks to the shareholders of the Company for their continued support.