Mr. Mark Brennan reports

ASCENDANT APPOINTS SENIOR IPB VETERAN GUY LAUZIER, P.ENG. AS TECHNICAL ADVISOR FOR DEVELOPMENT OF LAGOA SALGADA PROJECT

Ascendant Resources Inc. has strengthened its management team with the appointment of Guy Lauzier, PEng, who has been appointed as technical adviser for its Lagoa Salgada project. Mr. Lauzier will work with the management team to enhance the design, construction and delivery of the Lagoa Salgada volcanic massive sulphide project, located on the Iberian pyrite belt, in Portugal.

Mr. Lauzier is a mining engineer with over 45 years experience in both underground and open pit mining. Previous employment experience includes a tenure at projects located on the Iberian pyrite belt including MATSA -- Trafigura, as project manager specializing in project design, control and construction of a 2.2-million-tonne-per-annum processing plant. He was project manager at Lundin Mining's previously owned Aljustrel project in Portugal, where he was responsible for the engineering and upgrade of lead/zinc/copper circuit, fine crushing and fine grinding system. He organized the reopening of the Moinho mine and the development of the Feitais mine for 3,000 tonnes per day. Prior to Lundin, Mr. Lauzier was a technical adviser at Eurozinc Neves Corvo's mine (IBP) where his responsibilities included mine planning, design, construction and project management as well as the refurbishment of the lead-zinc plant.

Mr. Lauzier has also managed the construction of several mines and mineral processing plants, located in Europe, North and South America, and Africa. These skills have permitted him to successfully develop his knowledge in the areas of mine operations, engineering, supervision, project management, safety and operational improvements.

Mark Brennan, chairman of Ascendant, stated: "We are extremely pleased to welcome Guy to the Ascendant team. Guy brings a wealth of engineering experience in mine design, mine planning, construction and mine optimization, particularly on similar VMS projects and projects located within the Iberian pyrite belt that will add to the technical capabilities of the Ascendant team in advancing our Lagoa Salgada project final feasibility stage and into development."

About Ascendant Resources Inc.

Ascendant Resources is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian pyrite belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession.

Located just 80 kilometres from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its minable scale and cash flow generation potential.

Ascendant currently holds an 80-per-cent interest in the Lagoa Salgada project through its position in Redcorp -- Empreendimentos Mineiros Lda. The company's common shares are principally listed on the Toronto Stock Exchange under the symbol ASND.

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