Ascot is a junior mining and exploration company which currently operates in Costa Rica and is aggressively pursuing advanced stage opportunities in the gold sector elsewhere.

By acquiring fully permitted concessions the company was able to greatly reduce the time and capital requirements faced by many junior mining and exploration companies.

Ascot has implemented a growth strategy to fund aggressive exploration through expedited production from its currently operational mines.

Expansion in milling capacity at its 100% owned Chassoul property will serve this goal and offer additional opportunities for Ascot in the near term.

Costa Rica

• Central America's success history.
• Politically stable since the 19th Century.
• Large agricultural sector.
• Expanding economy.
• Strong technology and tourism industries.
• Good standard of living.
• Widespread Land ownership.
• High literacy (96+%).
• Very reasonable wages.

Costa Rica's Gold Belt:

The Costa Rican gold belt is located in the north-western part of the country.

The geology of this region is characterized by tectonically juxtaposed, volcanic sedimentary and igneous rock units of tertiary age.

Mineralization within the Gold Belt consists of:

1- Veins and fissure fillings of ephithermal type which bear gold, silver and base metal;

2- Disseminated mineralization of complex sulphides (Au, Ag, Pb, Zn);

3- Alluvial Au (gold) rich latheric soils.

Veritas Gold - Costa Rica

The Chassoul Mine and Mill is operational, and initial production has commenced.

It is believed that the Chassoul Mine and Mill concession holds considerable potential as only the Cajeta Vein is being exploited and eight additional veins are targeted for exploration and development.

An exploration program has been commenced with the opening of an adit to access two of the additional identified veins.

Chassoul Gold Mine:

The property, Mina de Oro, is located near the city of San Ramon, some 76 km from San Jose along the Pan American Highway, and then approximately 22 km via a secondary road, the first 10 km of which are paved and in good condition. The access road to the mine is gravel and has been upgraded substantially. Other major cities in the immediate vicinity are Miramar and Puntarenas.

The company acquired outright ownership of the property on 19 November 2010 by paying US$6.3m. There is an ongoing royalty of 2%.

Previous mining and processing on this concession began in 1991 and lasted till 1995. According to available information, 11,916 metric tons of ore were mined to yield 42.6 kg of gold, using mercury. The recovery rate was 30% to 40%.

In 2001 a pilot plant was built to recover gold from tailings and unprocessed ore stockpiled on surface. During this time a systematic sampling program was initiated and resulted in a thorough geological and economic assessment of the mine. The report titled "Geology, Reserves and economic Feasibility" by Miguel Alan, Geologist, is a very good overview of the potential of the mine Mina Chassoul, a copy of which is available from the Company.

Although there are nine (9) identified veins, the initial mining and ore production will come from the Cajeta which has been mined in the upper levels. A new 175m adit has been driven some 40 meters below the current main entrance to develop sufficient headings to support a 150 ton a day operation. The mill design is based on work done by Lakefield Research, at a diluted head grade of .318 oz and test results indicate a recovery of 92%.

For more information about Veritas Gold, please click here.

Veritas Mining - Costa Rica

ACQUISITION OF COMPAÑIA MINERA DEL GUANACASTE S.A. AND EL RECIO S.A.

London, 9th September 2011, Ascot Mining Plc (PLUS Markets: ASMP, Xetra®: AM3.DE, the "Company") announces that its wholly owned subsidiary, Veritas Mining CR S.A. ("Veritas Mining"), has acquired 100% of the shares of COMPAÑIA MINERA DEL GUANACASTE S.A., which owns the rights and title to Concession Number 96 (known as Tres Hermanos), and 100% of the shares of EL RECIO S.A., which owns the rights and title to Concession Number 878 (known as El Recio).

Veritas Mining has, over the past several months, undertaken considerable due diligence on both concessions, including studying all historical and geological information, taking bulk samples, and undertaking certain metallurgical analyses, in order to determine and confirm the viability of both projects. These extensive studies have resulted in Veritas Mining completing these acquisitions.

As consideration for the transfer of 100% of the shares of both companies, the vendors will receive a 25% Net Profit Interest, up to a maximum of US$1,785,000 per concession, payable over a period of up to five years. Should the full purchase price not be settled within five years, the purchase price of each concession will rise to US$2 million. Additionally, Veritas Mining will pay a 2% Net Smelter Royalty (NSR) from production, although it has the option to purchase the NSR for a cash consideration of US$750,000 per concession. Veritas Mining also has the right to accelerate the payments for one or both concessions without notice, bonus or penalty. As part of this transaction, Veritas Mining has also agreed to issue 361,538 shares (723,076 shares in total) in settlement of US$235,000 (US$470,000 for both) outstanding liabilities due under the terms of its earlier agreement.

For more information about Veritas Mining, please click here.

Veritas Resources - Costa Rica

Company Statement: 14 January 2009.

Veritas Resources CR SA has initiated civil and criminal actions against Mr. Nester Chamorro, the controlling shareholder of AURO MAGRA, SOCIEDAD ANONIMA under file number 09-206961-431-PE in the courts of Puntarenas, Costa Rica.

Details of said action (in Spanish) are posted to the Document section of this website. Key points of this criminal procedure are; Illegal termination of contract, Misappropriation and undue Retention, sanctioned in the numbers 225 and 223 of the Criminal Code.

Veritas Resources anticipates taking such further criminal and civil actions against Mr. Chamorro personally, AURO MARGA, SOCIEDAD ANONIMA and its shareholders as may be recommended by its legal counsel.

The Company will update this posting from time to time as necessary. The Company has and is continuing to take aggressive measures to recover its capital investment and equipment loaned to the project and will seek appropriate damages.

For more information about Veritas Resources, please click here.

David B. Jackson - Chief Executive Officer, Director

Mr. Jackson possesses over 35 years' experience with private and public corporations in marketing, senior management and corporate finance internationally.

Mr. Jackson has provided advisory services to a wide range of companies in Canada and abroad. He has founded and co-founded a number of private and publicly traded companies in the real estate, technology and resource sectors. Mr. Jackson has 5 years of experience as a senior officer and director of two gold and base metals exploration companies. He has extensive contacts in many countries.

Alex Panko - Director

Alex has over 25 years' experience delivering a wide range of debt, equity and related financing products, largely focused on the natural resources sector. As a senior Mining Finance professional, Alex either headed up or held senior positions in the Mining Finance teams of several leading global investment banks, and was directly responsible for numerous mining "deals of the year". He has visited more than 40 countries in the course of advising on, arranging, structuring and participating in some US$14 billion of finance for mining and resource companies.

Since leaving the banking sector, approximately 5 years ago, Alex has continued, in an independent capacity, to advise and help raise a variety of debt and equity products for resource companies. He also helped found three new companies, two of which focused on gold exploration and development in the Philippines and Australia respectively.

Jeffrey Benavides - Director & CFO, Ascot - Financial Director, Veritas Group

Mr. Benavides is a CA (license number 28620) resident in Costa Rica and manages all accounts payables, receivables, payroll, cost Controls, systems for purchasing and inventory controls.

His responsibilities include preparation of all management accounts for Ascot Mining, Veritas Mining, Veritas Gold and other subsidiaries as might be constituted. He is the liaison to Costa Rican tax authorities and the Company's auditors both in Costa Rica and the UK. He qualified in 2005 and prior to joining the Group he was an accounting supervisor for Sykes Enterprises Inc (symbol SYKE) a large services company of 2500+ employees based in Costa Rica. Mr. Benavides also holds a software engineering degree.

Dan Callaghan - General Manager Veritas Group

Dan Callaghan is bi-lingual English & Spanish, and has over 30 years of experience in the mining industry, having held senior roles in exploration, mine development, operations management, project construction management and control, contracting, and health & safety implementation. Dan accordingly has solid experience and a proven track record in all aspects of hard rock, surface and underground gold mining.

He has worked for mining companies with operations in Senegal, Ghana, Mexico and USA, including Placer Dome, Barrick North America, Keegan & Cayden Resources, Business Focus Ghana Ltd, Wyoming Mining & Exploration LLC, and Minas Real del Monte y Pachuca.

Andrew von Kursell - Director

Mr. von Kursell, P. Eng., is experienced in international mining industry with proven success in the initiation, negotiation, planning, and management of major projects.

Mr. von Kursell has extensive experience with regulatory agencies and in dealing with investors and financial institutions.

Milo Filgas - Director

Mr. Filgas is a mechanical engineer with lifelong worldwide experience in shaft sinking, mine development and operation.

He is owner and operator of R.F.Fry (Western) Ltd. a mine contracting company engaged in all aspects of mining.

• Major Shareholders (3+%):

• Name	Holding	Percentage
  Vidacos Nominees Limited	10,664,580	17.12%
  T1ps Investment Management (IOM) Limited	9,135,968	14.67%
  Lynchwood Nominees Limited	7,412,210	11.90%
  The Bank of New York Ltd	5,269,739	8.46%
  Jim Nominees Limited	4,506,130	7.23%
  Canaccord Nominees Limited	4,446,752	7.14%
  NRG Offshore Limited	2,434,072	3.90%
  TD Waterhouse Nominees Limited	2,008,853	3.22%