ASCENDANT RESOURCES ANNOUNCES POST-TAX NPV8 OF US$147 MILLIO

ASCENDANT RESOURCES ANNOUNCES POST-TAX NPV8 OF US$147 MILLION AND 39% IRR FROM INITIAL FEASIBILITY STUDY AT ITS LAGOA SALGADA PROJECT IN PORTUGAL

TSX: ASNDwww.ascendantresources.com Completes Requirement for Project Ownership to Increase to 80% Robust economics to drive construction fundingsolid operating basis to drive initial productionOptimization program

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