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Ascot Resources appoints Derek White as CEO

Ascot ResourcesAscot Resources, an exploration company, has appointed Derek White to the position of president and chief executive officer.

Derek White brings over 30 years of international experience in the mining industry to this role.

Most recently, Mr. White acted as a principal of Traxys Capital Partners LLP, a private firm specializing in the mining and materials sectors.

Prior to joining Traxys, Mr. White was the president, chief executive officer, of KGHM International Ltd. from 2012 to 2015 overseeing six mining operations and four large development projects in Canada, the United States and Chile.

Mr. White also held the positions of executive vice-president, business development/chief financial officer from 2004 to 2012 of Quadra FNX Mining Ltd.

He has held executive positions in business development, operations and finance with BHP-Billiton, Billiton International Metals and Impala Platinum, in Vancouver, Toronto, London, the Hague, and Johannesburg.

Mr. White is an ICSA accredited director and has served on a number of precious metal boards throughout his career.

Mr. White holds an undergraduate degree in geological engineering from the University of British Columbia and is also a chartered accountant.

In addition, Ascot is also pleased to announce the immediate appointment of two new directors to the board of the company; Rick Zimmer and James Stypula.

Rick Zimmer has a degree in mining engineering and an MBA and has over 40 years of Canadian and international mining experience including exploration, development and mine operations both underground and open pit.

In the past, Mr. Zimmer served as: president and CEO of Farwest Mining; VP and project manager for Teck's Pogo project in Alaska and General Manager of Teck's Tarmoola mine in Australia; Mine Manager of Teck's Afto mine in British Columbia as well as acting in several senior mining roles throughout his career.

Mr. Zimmer currently serves as a director of Capstone Mining Corp., Alexco Resources Corp., and two private mining companies, one in Peru and the other in Canada.

James Stypula is a businessman with over 30 years' experience and a former investment adviser and financier of mineral exploration and development companies in North and South America.

Mr. Stypula was the former chairman of the board of directors of Magellan Minerals after its merger with Chapleau Resources where he served as CEO and director.

He was also one of the founding directors of Far West Mining.

Mr. Stypula has acted on numerous board committees and has a wealth of business experience related to the mining industry.


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