Mr. Mark Brennan reports

ASCENDANT ANNOUNCES COOPERATION AGREEMENT WITH UNIVERSITY OF LISBON

Ascendant Resources Inc., through its subsidiary, Redcorp -- Empreendimentos Mineiros Ltda., has entered into a protocol of co-operation with the faculty of sciences of the University of Lisbon (Faculdade de Ciencias da Universidade de Lisboa; FCUL) with the aim to establish co-operation frameworks for joint participation in a wide range of projects, studies and activities, focusing on education, training and research on environment and natural resources, and innovation.

This protocol of co-operation marks the beginning of a dynamic partnership aimed at bridging the gap between academic research and the business community. This agreement underscores the mutual commitment to advancing education, training, environmental stewardship and innovation.

Mark Brennan, executive chairman of Ascendant, stated, "The opportunity to actively engage with the next generation of mining and scientific professionals in Portugal is a clear demonstration of our commitment to community engagement and our conviction in the numerous benefits this project will bring to the local community and Portugal as a whole."

About Ascendant Resources Inc.

Ascendant Resources is a Toronto-based mining company focused on the exploration and development of the highly prospective Lagoa Salgada VMS (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. The company's common shares are principally listed on the Toronto Stock Exchange under the symbol ASND.

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