Ascot Resources Ltd. Provides Financing Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 14, 2013) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Ascot Resources Ltd. (the "Company") (TSX VENTURE:AOT) is pleased to announce that it has increased the size of its previously announced non-brokered private placement (the "Private Placement"). The Company now intends to issue up to an aggregate of approximately 5,700,000 units ("Units") at a price of $0.70 per Unit for aggregate gross proceeds of up to approximately $3,990,000.

Each Unit will consist of one share and one non-transferable warrant. Each warrant will be exercisable at a price of $0.70 for a period of two years from the closing of the Private Placement.

All securities issued pursuant to the Offering will be subject to a four month hold period.

ON BEHALF OF THE BOARD OF DIRECTORS OF ASCOT RESOURCES LTD.

John A. Toffan, President and Director

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

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act" )or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.