Mr. Mark Brennan reports

ASCENDANT RESOURCES ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Ascendant Resources Inc. has released the voting results of the company's 2024 annual general shareholder meeting, held on June 13, 2024, in Toronto, Ont.

A total of 51,497,589 common shares were voted at the meeting, representing 27.59 per cent 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.

Number of directors to be elected

On a vote by a show of hands, the resolution to set the number of directors to be elected at the meeting at six was approved. Favourable votes were cast by proxy.

                      Total votes    % of votes cast

Votes in favour        51,217,885              99.46%  
Votes against             279,704               0.54%
Total votes cast       51,497,589                100%           

Election of directors

The shareholders elected each of the seven nominees listed in the company's management proxy circular. Details of the voting results are set out herein.

Name             Votes in favour         %    Votes withheld         %  

Mark Brennan          50,021,594    99.07%           471,462     0.93%
Robert Campbell       50,366,186    99.75%           126,870     0.25%
Christopher Jones     50,366,186    99.75%           126,870     0.25%
Kurt Menchen          50,366,186    99.75%           126,870     0.25%
Rui Botica Santos     50,366,186    99.75%           126,871     0.25%
Robert Sellars        50,366,186    99.75%           126,870     0.25%

Appointment of auditor

KPMG LLP was appointed auditor of the corporation, and the directors of the corporation were authorized to fix the auditor's remuneration. Details of the voting results are set out herein.

                   Total votes    % of votes cast

Votes in favour     51,278,483              99.57%     
Votes withheld         219,106               0.43%     
Total votes cast    51,497,589                100%      

The company also wishes to announce that Stephen Shefsky did not stand for re-election to the board of directors of Ascendant. Mr. Shefsky was a co-founder of the company, as well as the lead director, serving on the audit and corporate governance committees. Management and the board wish to express their sincere gratitude to Mr. Shefsky for all his contributions to the company and wish him the best in future endeavours.

About Ascendant Resources Inc.

Ascendant is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada volcanogenic massive sulphide project located on the prolific Iberian pyrite belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver and gold. Extensive exploration upside potential lies both near deposit and at prospective stepout targets across the large 7,209-hectare property concession.

Located just 80 kilometres from Lisbon and surrounded by exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its minable scale and cash flow generation potential.

Ascendant currently holds an 80-per-cent interest in the Lagoa Salgada project through its position in Redcorp --- Empreendimentos Mineiros Lda. The company's common shares are principally listed on the Toronto Stock Exchange under the symbol ASND.