Ascendant Resources Advances Lagoa Salgada Project in Portugal

Ascendant Resources Inc., listed on the Toronto Stock Exchange, announces continued development of the Lagoa Salgada VMS Project in Portugal's Iberian Pyrite Belt. Recent exploration, metallurgy, and permitting successes have bolstered the project's potential as a global polymetallic venture. The focus for the coming year includes exploring newly identified targets and further metallurgical testing, alongside feasibility and permitting advancements.

Cerrado Gold Inc. supports Ascendant's efforts through a principal loan of US$275,000, underlining the project's promise. This loan bears a 10% annual interest, underscoring confidence in Lagoa Salgada's prospects.

Ascendant stresses that despite shared directors, Cerrado Gold is not considered a related party under Canadian securities regulations, ensuring transparency in this strategic partnership.