ASCENDANT RESOURCES EARNS 80% INTEREST IN THE LAGOA SALGADA PROJECT IN PORTUGAL AND FILES FEASIBILITY STUDY

TSX: ASND
www.ascendantresources.com

•  PROJECT OWNERSHIP INCREASED TO 80%
•  FEASIBILITY STUDY FILED ON SEDAR+

TORONTO, Aug. 1, 2023 /CNW/ - Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") is pleased to announce that it has completed the initial NI 43-101 compliant Feasibility Study ("FS") for the Lagoa Salgada Project (the "Project"), and has satisfied all conditions to fully exercise the earn-in option on the Project. As a result, Ascendant now holds an 80% interest in the Lagoa Salgada Project through Redcorp Empreedimentos Mineiros Lda ("Redcorp").