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 Initiates 2020 Exploration Program Focusing on the Copper-Rich South Zone and Announces Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (All dollar amounts are in U.S. dollars (“$”) unless otherwise specified) TORONTO, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company”) is pleased to announce the start of its updated 2020 exploration program, which consists of 2,700m of drilling and downhole IP surveys which will be completed in several phases. The main objective of the proposed program is to significantly increase and upgrade tonnage at the...

Ascendant Resources Announces Results of Annual Shareholder's Meeting

TORONTO, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) ("Ascendant" or the "Company”) is pleased to announce the voting results of the Company’s 2020 Annual Shareholder’s Meeting (the “Meeting”) held earlier today, September 11, 2020 in Toronto, Ontario. A total of 22,195,340 common shares were voted at the Meeting, representing 27.21% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as foll...

Ascendant Resources Reports First Quarter 2020 Results

●  Results include the El Mochito Mine which was sold subsequent to quarter end and is shown as a discontinued operation Q1 2020 Highlights: Contained metal production of 28.8 million ZnEq1 lbs, up 23% vs Q1/19ZnEq grade of 7.8%, a 16% improvement over Q1/19Net Revenue from discontinued operations of $13.78 million, down 23% from Q1/19 and down 31% from Q4/19, due to a negative provisional price adjustment of $12.35 millionSignificant improvement in AISC of $1.03/lb ZnEq versus $1.30/lb ZnEq in Q1/19 Adjusted EBITDA loss of $9.30 million versus $1.45 million gain in...

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