ASCOT RESOURCES LTD. BULLETIN DATE: December 21, 2016TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Brokered Private Placement announced November 23, 2016:

    Number of Shares:  4,000,997 flow-through shares


    Purchase Price:                          $2.25 per share


    Number of Placees: 36 Placees

Insider / Pro Group Participation:

    Name                            Insider=Y /                        # of Shares
                                    ProGroup=P


    Aggregate Pro Group Involvement P                                   39,200 f/t

    [2 Placee(s)]


    Agent's Fee:                     Primary Capital Inc. will receive
                                     a 6% cash fee totaling
                                     $540,134.60.

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s).