ASCOT

MINING PLC INVESTOR COMMUNICATION #8, DATED 9 APRIL 2012

Dear Shareholder: We are pleased to provide this update 8-2012 to those shareholders and prospective shareholders who have opted in to our investor letters, last issued 22 February. At the operating Chassoul project, continued increases in the processing of newly mined ore the highest to date and continued improvements in mine and plant operations resulted in the highest monthly production figure to date at 208 ounces of gold, and a return to an operating profit of US$32,500 for the month of March. Extended regional exploration has commenced with several additional gold outcrops identified and documented. We are pleased to report that the local exploration programme has identified another new vein system, parallel to Amarilla/Negra, which will provide additional mill feed. In addition, mining will now commence at the Lower Cajeta level to supplement ore from the Upper Amarilla/Negra level.

Current Mining Developments

Disclaimer: Statements in this document may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Companys control.

ASCOT MINING PLC INVESTOR COMMUNICATION #8, DATED 9 APRIL 2012

The new Upper Amarilla/Negra adit at the level of the road (Level 516) remains the source of high quality ore (ranging from 5 to 15 grams per ton). The discovery of more new mineralized zones provides further opportunities for the future. As such, management are confident near term production objectives can be achieved, along with increasing positive operating cashflow.

Current explored area (green) equivalent to 12% of the concession Company focus has been to maintain good social, environmental and operating practices whilst steadily increasing ore supply. The adit (tunnel) into the Upper Amarilla/Negra veins at road level has been producing feed for the mill as well as growing the stockpile for future processing. We are particularly pleased to advise that the processing mill is now working satisfactorily and, other than normal maintenance it has been running without interruption. Considerable emphasis has been placed on improving the efficiency of the on site laboratory, resulting in increased reliability and improved assaying quality. The Phase 1 exploration plan as recommended in the recent NI43-101 Competent Persons Report has commenced, and as an initial consequence, a very interesting 2 metre wide new structure has been identified some 10 metres from the Amarilla/Negra veins. In-house assay results from the new vein are expected during the week of 9th April. Plans to mine this newly identified vein are being developed.
Disclaimer: Statements in this document may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Companys control.

ASCOT MINING PLC INVESTOR COMMUNICATION #8, DATED 9 APRIL 2012

Additionally, various gold mineralized outcrops within the Chassoul concession area have been found and mapped. Our geologists are studying this information with a view to reporting an increase in documented resources and reserves, and to identify additional ore sources for near term mining. Ascot Minings strategic plans have not changed, and the Company continues to build a portfolio of mineral properties in addition to Chassoul and thus continue to differentiate itself from purely junior exploration companies by achieving early stage gold production across multiple assets. Modest, but increasing production is now a reality, which will generate revenues that will support growth in shareholder value. As has been stated numerous times, production of gold was originally intended to commence in January 2010 but was delayed due to the Toyota issue. Despite this, and given the numerous challenges the Company has faced and is now overcoming, management is proud of their accomplishments to date. Having now built the Chassoul mine and mill, and in keeping with our original objective of regional diversification and growth, the Company has, through its acquisition of its initial 29.7% equity stake in Mineral Hill Industries Ltd of Canada moved to reduce its concentration on Costa Rica. Mineral Hill is a Canadian-based mineral exploration and development company trading on the TSX Venture Exchange (MHI), the Frankfurt Ex-change (N8Z), and the US OTC Pink Sheets (MHIFF).

It has recently increased its Lithium holdings from four to five properties in Quebec, Canada and is continuing to focus its attention on re-permitting the previously operating Liberty Hill mine
Disclaimer: Statements in this document may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Companys control.

ASCOT MINING PLC INVESTOR COMMUNICATION #8, DATED 9 APRIL 2012

located on the Nevada, California boarder, smack in the midst of the historic California Gold Rush region. Much preliminary planning and mobilization work has occurred over recent months. Mineral Hills primary focus for 2012 is to complete the re-permitting process, which is advancing, and put the Liberty Hill Gold Mine back into production. It is worth re-stating that Mineral Hills focus and strategic objectives are to: Process the 40,000 cubic yards stockpile of gold bearing material to verify the historical data of the Liberty Hill Gold Mine and to take steps towards bringing the mine into production during 2012. Create cash flow through the development of the Liberty Mine gold project Enhance shareholder value through the assertive exploration and development of its five lithium and gold projects. See: http://mhi.mineralhill.com

In addition to the foregoing, Ascot has been working tirelessly to resolve the La Toyota matter and to seek a satisfactory result with regard to its Tres Hermanos and El Recio concessions, which are the subject of contention at this time. The Company has repeatedly stated that while the Toyota matter is before the Courts, it has NO influence over the timing for hearings or reaching a resolution, and while the Company has passed along information as it has become available, the Company cannot be held responsible for changes in hearing dates set by the Courts. The latest date for the twice-postponed hearing to confirm whether the case proceeds to the criminal court is advised as 19 April, but this is not a statement to be relied upon as Ascots representation.
Disclaimer: Statements in this document may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Companys control.

ASCOT MINING PLC INVESTOR COMMUNICATION #8, DATED 9 APRIL 2012

I would again point out that the La Toyota project was fully written off (excised) from the companys books in the audited accounts for 2010. There is little or no downside to continuing to seek damages and recovery of contractor fees and sunken expenses. Likewise, the administrative cancellation of Tres Hermanos and El Recio which the Company believes to be a misinterpretation of relevant legislation within the Ministry is being addressed diligently, in the meantime it has little effect on Ascots near term cash flow and valuation. The foregoing issues have not impeded managements determination to build value for its shareholders through diversification and reduction of country risks. In this regard Ascot is currently reviewing and negotiating additional investment opportunities in Central, South and North America. Management is looking forward to announcing further developments in this regard shortly. Further to the recently announced appointment of Daniel Stewart Securities as Adviser and Broker to the Company, we are pleased that their mining analyst has recently undertaken an extensive site visit to our properties in Costa Rica at which time he was hosted by Company representatives and its Competent Person, Dr. Stewart A, Jackson, PhD. Geo. The Company looks forward to receiving their initial coverage note shortly. Finally, the Company wishes to reassure its shareholders current and prospective, that it has received its audited financials, an updated technical report and progressed the vast majority of related documentation to advance its application for admission to AIM and the Toronto Stock Exchange. Sincerely, David Jackson Founder & CEO, Ascot Mining Plc.

Disclaimer: Statements in this document may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Companys control.