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- continued "It is better to mine it than to define it" - this statement is still valid. Ascot Mining will follow the gold-bearing veins in the soil, encouraging the gold, and demonstrate "the way" gold reserves. Medusa Mining has practiced this model successfully, Ascot Mining makes it now. Because of delays in Chassoul us a gold mine of gold production appears around 25000-35000 ounces until the fiscal year 2011/2012 (starting in October 2011) should be achievable. With initial production costs of around 450 USD per ounce extremely highly profitable gold production will be possible. With a gold price of $ 1,800 per ounce, we are talking here of an annual cash flow between $ 45.0 million and 63.0 million USD! Considering a fully diluted number of shares outstanding of 78.3 million, which is the market value of Ascot Mining is currently around EUR 33.4 million and 45.5 million USD. Any takeover would not go on courses of less than 1.00, or $ 0.735 € on the table. The reward profile seems therefore extremely attractive. Timeframe of 12 months, we see a price target for the Ascot Mining's shares at 2.50 euros. The current courses are ideal buying rates in order to benefit from the significant potential of the Blue Sky Ascot Mining's share price. Please purchase only limited in the Xetra electronic trading and contact an individual (mental) stop price. With best regards Your team Profiteer http://www.beprofiteer.com/nlhtm/show.php?id=115

- continued This credit line gives the company enough flexibility to implement an extensive exploration program and in parallel to increase gold production. And naturally enough financial buffer to the litigation successfully brought to an end. This is about a compensation for Ascot Mining in the amount of approximately $ 37 million! And since the other side has no other assets, Ascot Mining is likely in our opinion, the property will be awarded to La Toyota. More than 300,000 ounces of gold in addition to the expected business valuation of Ascot Mining accounts for around 30-60 million dollars - if one evaluates only the ounces in the ground. When Ascot Mining can also promote these ounces, we're talking, of course, very different sums, assuming a profit margin of 1400-1500 USD per ounce! In a desperate attempt, the opposing side in a smear campaign against Costa Rica, Ascot Mining started and failed miserably. For the fifth October 2011 at 9:30 clock is now a hearing before the Criminal Court of Puntarenas been scheduled. If Mr. Chamorro there should actually appear, should probably have the click of handcuffs. In any case, we expect a positive decision for Ascot Mining! In the meantime, the technical Ascot Mining NI 43-101 compliant reports to the Chassoul, El Recio and Tres Hermanos get-properties. The experts evaluate the exploration potential at Tres Hermanos on alone over 1 million ounces of gold. While the planned AIM listing like attracts gum, Ascot Mining could with the available documents are now implementing a listing on the TSX, before the change is completed at the AIM. Gold production at the mine Chassoul could be stabilized by now, but still running at a moderate rate of production. Thanks Now that the acquisition of two companies in Costa Rica - which were already binding contracts - are now also the rights and licenses for all El Recio and Tres Hermanos-estate on a 100% subsidiary of Ascot Mining passed. The exploration program should generate a substantial cash flow, interestingly enough, since the recovered gold bearing material to be processed in the Chassoul mine. This is the exploration program (total cost $ 4.5 million) for the most part self-financing. CONCLUSION: Over the past few months has brought an extensive Ascot Mining Expert team on board. From well-informed sources, we have learned that now a renowned General Manager shall be required for the activities in Costa Rica. It is a mining engineer Dan Callaghan. He has over 30 years experience in the mining industry and was responsible for among other things, Placer Dome and Barrick North America as a senior manager. That would be a top-obligation! "It is better to mine it than to define it" - this statement is still valid. Ascot Mining will follow the gold-bearing veins in the soil, encouraging the gold, and demonstrate "the way" gold reserves. Medusa Mining has practiced this model successfully, Ascot Mining makes it now.

Below from the German share tipping site 'BE Profiteer' posted yesterday translation courtesy of Google - Gott im Himmel! - Ascot Mining - Takeover threat rises Profiteers love, After the summer break we will get back with full force. On the decisions of politicians can overcome their differences as an investor just the hair. After all, is made by many investors because more and more the realization that the gold price is also the medium term note on the current price level and tends to be much higher. The team of analysts predicted Canaccord Genuity earlier this month, that increase the M & A activity in the gold sector in the coming months. This trend is likely due to the strong fundamentals of the sector, which are improving from month to month balance sheets of gold producers and the low valuations in the sector driven. As potential acquisition targets will see the experts selected Canadian gold exploration companies and junior producers. Given the high gold prices could be loaded faster transfer rates again. This brings us to the Profiteer-Altempfehlung Ascot Mining plc (TSX: A0Q0G8) . The stock has held well in the weak market environment. After a long time without news management surprised us in the past few weeks with a variety of messages. Behind the scenes also run some interesting conversations. Maybe there will not be long Ascot Mining independently. One more reason to give you the enormous potential of the company once again to demonstrate. Since eternity is a perceived Ascot Mining, represented by its 100% owned subsidiary Veritas Resources, in a legal dispute over the estate of La Toyota in Costa Rica. Here are four hydrothermal veins, which each extend approximately 300 feet parallel to each other. The amount by the Ministry of Mines of Costa Rica 666 190 tons of proven reserves at an average grade of 0.48 ounces per ton (total of 319.88 thousand ounces gold). Be thought of JV partners Ascot Mining has had to do the work and then the Ascot employees no longer allowed on the premises. Perhaps he has speculated that Ascot Mining sometime financially out of steam. One of the latest messages has smashed this last hope of the other side completely. Veritas Gold CR SA, a 100% subsidiary of Ascot Mining has received a capital of Texel term credit line of EUR 3.5 million. The interest rate is 8.25 percent. The running time is 12 months. For Texel Capital has also received 1.2 million warrants, which can exert the financier at a price of $ 1.00 by the end of December 2012. This means that for the financier until a price of 0.74 € makes sense to exercise those warrants. Until then, the share price would double once. This credit line gives the company enough flexibility to implement an extensive exploration program and in parallel to increase gold production. And naturally enough financial buffer to the litigation successfully brought to an end. This is about a compensation for Ascot Mining in the amount of

From stockmarketwire.com based on this mornings RNS: Ascot responds to 'inaccurate web postings' on La Toyota dispute 8 September 2011 | 09:12am StockMarketWire.com - Ascot Mining has put out a detailed statement on its legal dispute over its La Toyota gold project in Costa Rica. It says this follows inaccurate postings on the web and 'mischievous behaviour' towards the company. The company says it has received information from its lawyers related to the status of its criminal and civil actions against Nestor Chamorro Aravena, personally and as legal representative of Inversiones Grupo Minero and Auro Marga - the proposed joint venture partner at La Toyota. Specifically, the company has been advised that, contrary to information posted by Chamorro on the internet stating that 'The Supreme Court of Justice of Costa Rica has rejected claims' against Chamorro and Auro Marga brought by Ascot's local operating subsidiary, Veritas Resources, this statement is factually incorrect. Chamorro has been summoned to appear in the hearing room of the Criminal Court of Puntarenas, Costa Rica. The date set for Chamorro's appearance is 5 October. The company has received a legal opinion from its criminal lawyers, Salazar & Mory, dated 26 August, stating: "Up until today the complaint for the claim of misappropriation and withholding filed by Veritas Resources CR S.A. against Nestor Leonardo Chamorro Aravena (legal representative of AuroMarga SA) is ACTIVE, VALID and IN JUDICIAL PROCEEDINGS". It goes on to state: "Until there is no definitive judgment from a superior criminal court, where a judge of the Costa Rican Republic, not the prosecutor, establishes that the process has ended by means of a conviction or in acquitting, Mister Nestor Chamorro Aravena will continue under investigation". In additiom, Veritas Resources' lawyers have filed a complaint, which is currently under investigation, against Nestor Chamorro Aravena with the Mining Department in relation to the improper use of the concessions granted by the state through his company AuroMarga S.A., in violation of Article 15 of the Mining Code. Furthermore, Nester Chamorro and his partner and lawyer, Guido Soto, have posted inaccurate articles on the internet and on an unofficial online newspaper (El Pais), which are damaging to Ascot and its subsidiaries. The company's attorneys are addressing this matter. Ascot CEO David Jackson said: "We are releasing this update in response to inaccurate postings on the web and to address certain mischievous behavior toward Ascot that has come to light recently." At 9:12am: Story provided by StockMarketWire.com http://www.stockmarketwire.com/article/4217591/Ascot-responds-to-inaccurate-web-postings-on-La-Toyota-dispute.html

Ascot 140p valuation mentioned in the SF t1ps Smaller Companies Gold Fund Newsletter from May. Again time lines have probably slipped but the newsletter has some good background info on some of the production issues Ascot were having earlier this year (below). We know from the recent 'Updated Technical Reports' 26/08/11 RNS these issues have been overcome the RNS referred to 'The fully equipped 150 ton per day on-site mill, which has been rebuilt and expanded, is being used to process mined material'. Hopefully a production update to come. t1ps newsletter: Last week Ascot Mining visited us in the Isle of Man to discuss current operations with a particular focus on the delays that have hampered production at the company's flagship Chassoul mine. The mine itself was, it seems in retrospect hastily constructed with a view to pushing the company into production as rapidly as possible. Quite simply since the mines commission in late 2010 multiple equipment failures, design and circuit problems have materially impacted output. The main culprit was the number one ball mill which was discovered to be out of alignment and rotating incorrectly causing a knock on effect in regard to the grinding process allowing overly coarse material to deposit at the bottom of the leach tanks causing the agitator to seize. This has now, we believe been dealt with, with a new additional ball mill ready to be installed. One of the overriding issues here is that whilst the management's time has been spent dealing with the operational challenges on site progress on the move to AIM has slowed. As it stood the company's cash position was modest following the burn from dealing with the unforeseen mechanical failures at Chassoul and so on 4 May 2011 it was announced that your Gold Fund exercised 2 million warrants with a strike price of 20p (along with Athol Gold exercising 500,000) for gross proceeds of £500,000. In return for this the Fund was allocated a further 2 million warrants at 40p, and 800,000 at 55p, 70p and 80p. Ascot's cash position now stands at circa $1 million. Currently capitalised at £26.35 million, as it stands Ascot now has sufficient working capital to steadily grow its production, facilitated by the commission of a new ball mill, whilst being able to pay down a number of outstanding liabilities. We believe that this month the company will produce Gold of around the 700oz and that by June output will be 1,500oz. At this point annualised free operating cash flow will be $18 million ($1,500 Au, $500 cash cost/oz) or £11 million. There is plenty of upside here too with additional ore from the Boston mine, along with the fact the company is set to embark on an aggressive exploration program with the aim of building a 1.5m oz resource at Tres Hermanos. Not to mention the fact that although seemingly stalled following the operational difficulties we believe preparations to move to AIM are movingly along well with management now devoting t

The Chassoul gold mine is located 70km north-west of the capital city of Costa Rica in San Jose. Owned by Veritas Gold, a wholly owned subsidiary of Ascot Mining, the mine covers an area of 400ha and includes nine identified veins. Its development was initiated in 1991. Veritas Gold commenced production at the mine in September 2009. Chassoul gold mine geology The Chassoul deposit is hosted within the Costa Rican Gold belt, which lies on the western end of the magmatic arc. The arc was formed due to the continuous subduction of the oceanic Cocos plate situated beneath the continental crust of the Caribbean plate. The zone is characterised by three tertiary age geological units. The lower-most unit is the aguacate group formed of andesitic and basaltic volcanics and volcaniclastics, including lacustrine sediments. It hosts the largest amount of gold and silver mineralisation in the belt. The next unit is the Guacimal intrusive complex, which includes several independent bodies of felsic to intermediate composition dispersed along the northwest-southwest arc trend. Overlying these two units is the Monteverde Formation that consists of andesitic volcanics, lahars and other volcaniclastics. "The Chassoul gold mine is located 70km north-west of the capital city of Costa Rica in San Jose." The deposit is characterised by lava, pyroclastics and dike units of the aguacate group. Being the oldest unit, the lava is found within the main and lateral sections of the deposit. It consists primarily of andesites, porphyritic and massive lava with intercalations of pyroclastic rocks that have been intruded partially by intermediate composition dikes. The north-eastern side of the deposit hosts lahars and grey andesite flows of the Monteverde formation that is unevenly deposited on the aguacate group. No hydrothermal alteration is demonstrated by the lavas. Quaternary deposits that range in thickness up to 3m partially blanket the outcrops of the La Negra and Amarilla veins. The deposits consist of andesitic blocks and quartz fragments scattered inside a rough grain matrix, which is partially fragmented and clay altered. Recent alluvium deposits consisting of conglomerates are located across the Barranquilla River valley, found 1,500m west of the Chassoul mine. The conglomerates contain blocks of different types and sizes, primarily of volcanic origin and dominated by fresh andestic rocks. Chassoul deposit mineralisation "The mine covers an area of 400ha and includes nine identified veins." Mineralisation at the Chassoul deposit is of the low sulphidation epithermal gold vein type. Deposit formation takes place largely on felsic, subaerial volcanic complexes in extensional and strike-slip structural bodies. Mineralisation occurs in near-surface hydrothermal systems, including hot springs at the surface and hydrothermal fluid-flow regions found deeper. The gold-bearing mineralisation of the Chassoul mine de

Alex Panko has more than 25 years experience across a broad range of equity and debt-financing products that were focused mainly on the resource sector. As an experienced financial professional for the mining industry led Alex Panko this sector specialist finance teams of several investment banks (WestLB and Dresdner Kleinwort Wasserstein), or held leadership positions in these teams (NM Rothschild & Sons Ltd.., European Bank for Reconstruction and Development (Natural Resources team) and Structured Finance BZW (now Barclays Capital)). In the course of which he was responsible for financing of commodity companies, with a volume of around 140 billion USD and many mining deals of the year directly responsible! Since his retirement from the banking sector about five years ago, Alex Panko continued his activities as an independent consultant and helped commodity companies with activities in different countries to collect cash through equity or debt products. Among the companies served, for example Eagle Gold Mines, Coral Resources Limited, Gunson Resources Limited, Peninsular Gold plc, Cambridge Mineral Resources Plc, European Nickel Plc and MINCO Plc. Once production at Chassoul project running according to plan, could this man Ascot Mining in the debt financing for potential acquisitions will be instrumental, but that's in the future. CONCLUSION: Given is a fully diluted number of shares outstanding of 76.5 million of its stock market value of Ascot Mining is currently around 38.2 million €. The segment on the AIM exchange is likely to go now in the current quarter over the stage. Parallel to this is to take place a listing on the TSX Venture Exchange in Canada. But the step on the AIM will ensure that many potential investors are able to buy shares for the first time Ascot. The strong excess demand is expected to provide for rising prices. So far, the vast bulk of investors focused on Chassoul, although El Recio provides a much higher potential. For this year at the eight-square-kilometer concession El Recio an aggressive exploration program is planned. Interestingly, the rock is much harder in this area, so that the property of local miners virtually unaffected. The Ascot management is optimistic about being able to detect approximately 1.0 to 1.5 million ounces of gold at El Recio. That alone would be equivalent to a value of 100-150 million USD. In April 2011 is likely to produce Ascot approximately 500 ounces of gold. In May, this could even rise to 1,000 ounces, so you should be in the summer at around 2000 ounces of monthly gold production. On AIM gold producers are typically used to assess the five-times cash flow. Until then, the course at Ascot still a lot of room for improvement. Another trump card is the Ascot La Toyota project up his sleeve. This is about a compensation for Ascot in the amount of approximately $ 37 million! We are exclusively the opinions of the two lawyers from Veritas Resources, a 100%

Ascot recommended buy on a German share tipping site a couple of month back - you can buy Ascot on the Frankfurt Xetra Bourse. Courtesy of Google Translate: http://www.beprofiteer.com/nlhtm/show.php?id=92 Ascot Mining - AIM listing would usher in revaluation At quarter-end, also announced the gold producer Ascot Mining plc (TSX: A0Q0G8) with two reports say. The start of production at the Chassoul Gold Mine has provided the Ascot management before some mechanical and technical challenges. Thanks to the active support of external consultants to the company but it is managed well, these initial hurdles, not unusual in the optimization of the processing plant to be mastered. These include, among other things, the installation of a secondary ball mill with an improved grinding media. According to our information, nor should a third ball mill will be integrated into the production cycle. A presentation of the new production cycle can be found at: www.ascotmining.com . So while Ascot is about 2-3 months behind schedule, but that does not change the fact that the gold in the ground. When Chassoul Ascot project has identified nine quartz veins, which examined seven more accurately this year should be. Ascot has also used the time to amass a considerable Erzvorrat. Currently, the plant processed 68 tons per day of ore at a grade of 7 grams per ton, which is expected to yield about 13 ounces of gold per day. While the balancing of the plant is expected to increase the gold content as well as the throughput in order to achieve the planned capacity and optimum efficiency. In addition, the Company is advancing the development of the current underground mining at the Cajeta gold vein. Active exploration continues with exploration tunnel at nearby Negra, Pochota and Amarilla-gold veins. Meanwhile, the Tres Hermanos were driven forward El Recio and Boston projects well. In the coming months, the company will launch an aggressive exploration program to develop additional ore quantifiable in all those places. There was also a geological survey carried out in several new gold-bearing, hydrothermal veins could be identified! At the Tres Hermanos mine has already started with the extraction of ore from levels 07 and 06th When El Recio-ore project was funded from the Santa Ana Mine area. In addition to the nachos-a new gold vein, narrow high-grade, hydrothermal deposit was discovered. In addition, Ascot Mining has with Alex Panko an absolute high-caliber, was appointed director to the Board! Alex Panko has more than 25 years experience across a broad range of equity and debt-financing products that were focused mainly on the resource sector. As an experienced financial professional for the mining industry led Alex Panko this sector specialist finance teams of several investment banks (WestLB and Dresdner Kleinwort Wasserstein), or held leadership positions in these teams (NM Rothschild & Sons Ltd.., European Bank for Reconstruct

It appears that Ascot have already been defining the resource through ongoing exploration this year but obviously have yet to spend capital on an 'updated' 43-101 which includes more recent and current exploration results. Ascot's CEO David Jackson, mentioned during the Minesite Mining Forum presentation back in January that he would rather spend capital to "mine rather than define" the potential resource - link for others reference http://www.presentation-matters.co.uk/web/minesite/webcasts/75th_minesite_forum/75th_minesite_mining_forum_Ascot.html Yesterday's RNS referred to 'gold veins that are currently being explored and evaluated. The fully equipped 150 ton per day on-site mill, which has been rebuilt and expanded, is being used to process mined material' without using the the 'production' word. So in essence Ascot are 'producing' gold whilst exploring and through that process of exploration are in turn as mentioned in the RNS reclassifying 'portions of the veins into a resource category from the current exploration target status'. But obviously perhaps are not in full production yet. Although I did like this bit from the RNS: 'The exploration programme could create significant cash flow, with development rock providing continuous feed to the Chassoul mill, thus enabling the programme to be largely self-funding.' I have a feeling that any production updates in terms of quantities are being held back for AIM listing and obviously potential Canadian TSX listing as the 43-101 is a mineral resource classification of the Canadian Securities Administrators. Tom Winnifrith has talked about the sp potential here and it's been nicely summarised in the following blog (below) posted back in February. We know that there have been delays to AIM listing and some of the milestones mentioned in the blog would have been put back further also the blog mentioned gold at $1427 so we know at $1828 today's price margins and therefore cashflow are even greater. Hopefully we are closer than ever to AIM listing now: Ascot Mining Posted: February 23, 2011 by kojebee in ascot mining, Uncategorized Buying in now is the way to go before the AIM listing, and ramp up in production. Currently mining one vein at Chassoul with a bit of Boston gold thrown into the mix, and arguably very undervalued now. Then looking forward to the end of 2011 and 2012 we have some interesting increases to look at from Tres Hermanos, El Recio, and even the La Toyota case going in our favour, a time when Ascot had to write off substantial monies. That could be brought back onto the balance sheet. Personally I’m excited by the mid to longer term prospects. Going into 2012, production is expected to be 34,626 ozs. Let’s say gold is $1427 (really, it could be more considering the printing of money and social unrest worldwide). Costs are expected to be $427. That gives us $1000 profit an ounce. Making $34.326m.

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