VANCOUVER, British Columbia, Sept. 15, 2017 (GLOBE NEWSWIRE) -- Ascot Resources Mt. Margaret property is a porphyry
copper-molybdenum-gold-silver deposit located 22.5 km southwest of Randle, Washington in Skamania county.
On August 24 2017 the United States Forest Service released a Draft Decision Notice & Finding of No Significant Impact related
to two prospecting permits that were submitted by Ascot USA Inc. (a wholly owned subsidiary of Ascot Resources Ltd.). The draft
decision is based on the detailed analysis of potential environmental impacts that are contained within a Modified Environmental
Assessment related to the prospecting permits.
Publication of the legal notice related to the draft decision initiated a 45 day objection period. Objections will be accepted
only from those who have previously submitted written comments regarding the proposed permits and the subject of the objections
must relate to issues raised in the previously submitted comments. Following the resolution of any objections and publication of
the Forest Service’s final decision notice, the Bureau of Land Management will issue its decision regarding whether to issue the
prospecting permits. The BLM decision is also subject to a 45 day appeal period.
For more information on Mt. Margaret and Ascot’s proposed program please go the Company’s website www.ascotgold.com.
On Behalf of the Board of Directors
ASCOT RESOURCES LTD.
Per: John A. Toffan
John A. Toffan, President and Director
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.
Cautionary Statement Regarding Forward-Looking Information
All statements, trend analysis and other information contained in this press release relative to markets about anticipated future
events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by
the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or
result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than
statements of historical fact, included herein, including, without limitation; statements regarding the exploration and
mineralization potential of the Premier property, are forward-looking statements. Forward-looking statements are subject to
business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially
from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from
Ascot’s expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation
of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and
native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional
financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in
exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely
availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of
management at the date the statements are made. Ascot does not undertake any obligation to update forward-looking statements except
as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
ASCOT RESOURCES LTD.
Suite 1550 - 505 Burrard St.
Vancouver, B.C.
V7X 1M5
Canada
778-725-1060 T
778-725-1070 F
www.ascotgold.com
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