Ascendant Resources Inc.

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Canada & Ontario Toronto

79 Wellington Street West, Suite 2100, P.O. Box 139

+1 647 769-0066

www.ascendantresources.com

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Company Press Releases

Ascendant Resources Announces Updated Mineral Resource Estimate and Provides an Update to Geological Modeling to Support Future Growth Potential at Its Lagoa Salgada VMS Project in Portugal

NEW RESOURCE UPDATE BY MICON COMBINES CENTRAL AND SOUTH ZONES OF THE VENDA NOVA DEPOSIT INTO A LARGER SINGLE DEPOSIT BASED ON FURTHER 50M STEP OUT DRILL HOLE THAT INTERCEPTED STRONG MINERALIZATIONNOTABLE INTERCEPTS INCLUDE 36M @ 1.20% CUEQ AND 5.0M @ 2.68%CUEQ AT THE NORTH OF THE SOUTH ZONE BRIDGING THE CENTRAL AND SOUTHERN ZONESEVIDENCE OF LARGE VOLCANIC MASSIVE SYSTEM DEMONSTRATED BY CONTINUITY OF MINERALIZATION TRIGGERS DATA CONSOLIDATION TO UNVEIL ADDITIONAL POTENTIAL ZONES NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO,...

Ascendant Resources Begins Preliminary Economic Assessment Combining the North and South Zones at Its Lagoa Salgada VMS Project in Portugal

New 43-101 Resource followed by results from PFS level metallurgical testing expected to be issued in the near termNew PEA expected by end of July 2021, to show increased scale and economic potential versus PEA published in December 2019 TORONTO, June 09, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce that it has engaged to undertake the new NI 43-101 Preliminary Economic Assessment (“PEA”) for its Lagoa Salgada VMS project in Portugal. Both Quadrante and IGAN have ext...

Ascendant Resources Appoints Sergio Gelcich As Vice President Exploration

Former Exploration Executive With Significant Experience Developing VMS Deposits Similar to Ascendant’s Lagoa Salgada Property TORONTO, June 02, 2021 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce that Dr. Sergio Gelcich, PGEO, has joined as Vice President of Exploration replacing Mr. Robert (Andy) Campbell, who is retiring from day-to-day operations. Mr. Campbell will remain a Director of the Company. Dr. Gelcich is a senior exploration geologist whose career spans over 20 y...

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