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 Additional High-Grade Drill Results From Its 2018 Exploration Program at El Mochito

TORONTO, Sept. 10, 2018 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce results from an additional 24 diamond drill holes (4,254 metres) from its 2018 exploration and definition drilling program at its El Mochito mine in Honduras. The drilling was split between in-fill (48%) and step-out (52%) drill holes, and targeted extensions of four ore bodies, namely Porvenir, Santa Elena, Port Royal Manto and Esperanza (See Figure 1 and Tables 1 & 2 below). These results continue to suppo...

Ascendant Resources Begins Drilling at the High-Grade Lagoa Salgada Polymetallic VMS Project in Portugal

TORONTO, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) has started its exploration program at the high-grade Lagoa Salgada polymetallic volcanic massive sulphide Project (“Lagoa Salgada” or the “Project) located on the Iberian Pyrite Belt (“IPB”) in Portugal. Plan view of the 2018 planned drill holes...

Ascendant Resources Secures $5 Million Revolving Credit Facility

TORONTO, Aug. 24, 2018 (GLOBE NEWSWIRE) -- Ascendant Resources Inc. (TSX: ASND) (OTCQX: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce its wholly owned subsidiary, American Pacific Honduras S.A. de C.V (“AMPAC”) closed a US$5 million short-term revolving credit facility (the “credit facility”) with Banco Financiera Comercial Hondurena S.A. (“Ficohsa”) based out of Tegucigalpa, Honduras. The credit facility has a 12-month term from the closing date, bears interest at a rate of 8-13%, depending on curren...

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