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 Provides Summary of 2023 Achievements and Outlook for 2024

TORONTO, ON / ACCESSWIRE / January 11, 2024 / Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company"), is pleased to provide a summary of the significant milestones achieved during 2023 and looks forward to another year of continued de-risking and key value creation objectives in 2024 for its Lagao Salgada polymetallic project in Portugal.Key Milestones Delivered in 2023Published the first NI 43-101 Feasibility Study on our Lagoa Salgada Project in PortugalPost Tax NPV8% of US$147m and a 39% IRR;Inaugural NI 43-101 compliant Proven a...

Ascendant Resources Inc. Announces Submission of the Environmental Impact Assessment ("EIA") for its Lagoa Salgada VMS Project, in Portugal

Environmental Impact Assessment ("EIA") submitted to the Portuguese Environmental Authority, APA ("Agência Portuguesa do Ambiente").Approval of the EIA is expected by the end of June 2024 following which, the Company will enter the RECAPE phase, allowing for a formal construction decision.Application for construction of 30MW Photovoltaic plant submitted in parallel.TORONTO, ON / ACCESSWIRE / January 3, 2024 / Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company"), through its subsidiary, Redcorp - Empreendim...

Ascendant Closes First Tranche of C$2.7 Million Non-Brokered Private Placement

Funds to complete an optimized feasibility study reportNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATESTORONTO, ON / ACCESSWIRE / December 21, 2023 / AscendantResources Inc. (TSX:ASND) ("Ascendant" or the "Company") is pleased to announce the close of the first tranche ("First Tranche") of its non-brokered private placement (the "Offering") announced December 7, 2023. The second and final tranche to complete the Offering is expected to close on or about January 5, 2024. The Offering is fully subscribed and...

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