Ascot to Launch C$0.01 Per Share Rights Offering and 50:1 Share Consolidation; Enters into Advisory Agreement with Fiore and Support of Major Shareholders and Creditors

VANCOUVER, British Columbia, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSXV: AOT.H; OTCQB: AOTVF) (“Ascot” or the “Company”) announces it has entered into an advisory services agreement with Fiore Management and Advisory Corp. (“Fiore”) pursuant to which Fiore has agreed to assist Ascot with restructuring, refinancing and enhancing the leadership team of Ascot (the “Restructuring”) with a focus on the Red Mountain Deposit and a view to eventually restarting production at Ascot’s Premier Gold Project (the “Project”) .