Yorkville Advisors Completes $1.1M Loan Agreement with Ascot Mining Plc

(London – April 02, 2012) Yorkville Advisors, LLC (Yorkville), the US-based alternative investment manager, is pleased to announce it has entered into a Loan Agreement for up to $1.1 million on behalf of YA Global Master SPV Ltd. (YA Global), with Ascot Mining Plc (Ascot), (PLUS Markets: ASMP, XETRA: AM3.DE). Ascot is a junior mining and exploration company with operations in Costa Rica.

Under the terms of the agreement, YA Global has agreed to invest $1.1 million in Ascot, of which $275,000 will be funded at signing. The remainder will be available to Ascot in tranches of $275,000 over a period of 24 months at the mutual discretion of both parties.

Brian Kinane, Managing Member, UK of Yorkville Advisors, commented: “We are pleased to assist Ascot in an important stage of their evolution as a gold producer as they ramp up their production. We recognise the potential of the company’s assets and the highly experienced management team.”

David Jackson, CEO of Ascot, said: “I am very pleased that we have entered into the agreement with Yorkville.  The arrangement provides flexible funding options which represent the best and most cost effective way to allow us to fund production, meet our objectives, and maximise the return to shareholders.”