Resource World Magazine

8 www.resourceworld.com o c t o b e r / n o v e m b e r 2 0 1 6 RESOURCES ascot TSX-V: AOT High Grade, Low Cost and World Class • 2016 drilling to date on the Premier/Dilworth includes intersections of: 76.30 g/t Au over 1.0m; 69.40 g/t Au over1.34m; 9,640.0 g/t Ag over 1.55m; 104.75 g/t Au over 3.05m • Gold accounts for 87% of the indicated Au equivalent resource and 83% of the inferred Au equivalent resource. • Five owned and operated diamond rigs, extensive drilling, at substantial- ly below industry average cost. • High grade trends identified within all resources. • Superb infrastructure. Ascot's current focus is the Premier/ Dilworth gold/silver property in the Golden Triangle, near Stewart, B.C. 2016 drilling is concentrated in the old Premier Mine, a past producer of 2.1 million ounces of gold, with an average grade of 9.6 g/t Au and 44.9 million ounces of silver. The 2016 drill plan consists of approximately 100,000 metres of drilling. ASCOT RESOURCES 1550 –505 Burrard St., Vancouver, BC V7X 1E5 T. 604-379-1170 F. 604-535-9946 contact: Robert Evans, CFO and Director, bobevans55@gmail.com www.ascotresources.ca 104.75 g/t Au over 3.05 metres intersections of up to 104.75 g/t Au over 3.05 metres Why did you take on this lonely and frus- trating task? RM: I like to call shareholders shar- eowners. When I see the documentation that goes out, I am astounded that when you look at security laws they want full, plain and clear disclosure; however, view- ing the documents that go out from our company and every other one, there is no way they are coming close to achieving that objective. These massive tomes cause the reader to think: 'what is management trying to hide from us by giving me a doc- ument that I can't understand?' I think everyone should be able to read and quickly comprehend what is being presented to them and our accountants and security lawyers are frustrating that. For example, you see financial statements that constantly change due to changing accounting rules. Then you have notes to financial statements that go on for 25 to 50 pages. These go into waste baskets. When I first started out in the invest- ment industry, there were extensive security laws but not as massive as today. I think this has created an environment where no one completely understands all the rules. It is impossible because there are so many rules. In a prospectus you see ten pages of risk factors to the point where it is nonsensical. Investors are already aware of invest- ments risks. The result is that investors find it hard to spot crooks hidden in all these complicated documents because it is difficult to determine if the company is following all the rules. I would like to see a day when we have simplification and the majority, if not all investors, can say: 'Here are the ten rules that govern security law. I can spot a crook there, call them out and protect myself.' Right now there seems to be a direct cor- relation between the size of documentation and the size of a fraud that is being perpe- trated. Look at Bernie Madoff's $60 billion fraud. That shouldn't be happening. RW: Even with your senior status in the mining community, do you think it's pos- sible to improve this situation? RM: Yes, I do. But we need many inves- tors to come forward and say: 'We have had enough of this. I want clarity. I want simplicity. I want to feel that I am literate rather than illiterate when I read these cor- porate documents.' RW: So this is a call to arms for other shareowners to come forward? RM: Yes – for both shareowners and company management. When I ran Goldcorp, I remember reading a docu- ment from our auditors for three hours and still didn't understand it and yet I was supposed to sign it. We had actually won awards for our financial statements, had no debt, and had $400 million in cash. We were the lowest cost gold producer in the world. And I was expected to sign a docu- ment that was not understandable and file it with the most litigious securities com- mission in the world – the SEC. I told the auditors I was not going to sign it. I called a board meeting, handed out the document to our auditing committee and

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