Aldershot Resources Ltd. Announces Proposed Issuance of Shares for Debt

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 23, 2016) - Aldershot Resources Ltd. ("Aldershot" or the "Company") (NEX:ALZ.H) announces, further to its press release dated August 5, 2016 and subject to all necessary regulatory approvals, that it intends to issue a total of 4,249,146 common shares of the Company (the "Common Shares") at a deemed price of $0.05 per Common Share for payment of outstanding debts of $212,457.32 owed to insiders of the Company. This amount of outstanding debts of $212,457.32 includes the amount outlined in the press release of August 5, 2016.

The Common Shares issued by the Company will have a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation.

Forward-looking statements:

This press release may contain forward-looking statements about certain of the Company's current plans, goals and expectations relating to the issuance of shares for debt. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All forward-looking statements involve risk and uncertainty because they relate to future events and circumstances beyond the Company's control. As a result, the Company's actual financial condition, performance and results may differ materially from the plans, goals and expectations set out in the forward-looking statements. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.