Ascot Resources Ltd. (the "Company") (TSX VENTURE:AOT) is pleased to announce
that it has entered into a consulting agreement with Transcend Resources Group
("Transcend") to provide investor relation services, subject to regulatory and
TSX Venture Exchange approval. Transcend will initiate and maintain contact with
the financial community, and investors in North America and Europe for the
purpose of increasing awareness of the Company and its activities. 


The initial term of the agreement between the Company and Transcend is for a one
year period subject to renewal or earlier termination by either party under the
terms of the agreement. Transcend will receive a monthly fee of $5,000 over the
course of the agreement. In addition, subject to regulatory approval, Transcend
will be granted 200,000 options at a price of $1.04. The stock options will vest
quarterly over the next twelve months, and expire five years from the date of
the agreement. 


About Transcend Resources Group

Transcend Resources Group is a Vancouver-based full-service investor relations
company that assists micro, small and mid-cap public companies with market
awareness campaigns and helps them gain valued industry exposure through their
large network of retail and institutional clients. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ascot Resources Ltd.
Bob Evans
(604) 379-1170
(604) 535-9946 (FAX)
www.ascotresources.ca
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