Ascendant Resources Acquires 50% Ownership Of Lagoa Salgada Vms Project, Portugal

Ascendant Resources Inc. (TSX: ASND; OTCQB: ASDRF; FRA: 2D9) ("Ascendant" or the "Company”) is pleased to announce that it has satisfied the conditions to increase its effective ownership interest from 25% to 50% in the Lagoa Salgada VMS project (the “Project”) in Portugal. Ascendant has spent US$9 million on the Project and has made a US$1 million payment to the optionor, Mineral & Financial Investment AG ("M&FI"), as required under the original earn in agreement. Ascendant expects to satisfy the conditions to increase its stake in the Project to 80% by year end.