ASCENDANT PROVIDES UPDATE FOR ITS LAGOA SALGADA PROJECT IN PORTUGAL

TSX: ASND
www.ascendantresources.com

TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") announces that it and its joint venture partner, Mineral & Financial Investments AG ("M&FI"), have agreed to an extension in the Earn-in Option Agreement for the Lagoa Salgada project to allow for the completion date of the feasibility study to be on or before August 3, 2023 .

In connection with the amendment, Ascendant has agreed to issue M&FI 500,000 common share purchase warrants, with each warrant exercisable into one common share for a period of thirty (30) months at a price of $0.20 per share.

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 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 step-out targets across the large 7,209-hectare property concession.

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

Ascendant currently holds a 50% interest in the Lagoa Salgada project through its position in Redcorp - Empreendimentos Mineiros, Lda, ("Redcorp") and has an earn-in opportunity to increase its interest in the project to 80%. The Company's common shares are principally listed on the Toronto Stock Exchange under the symbol "ASND". For more information on Ascendant, please visit our website at https://www.ascendantresources.com/ .

Additional information relating to the Company, including the Preliminary Economic Assessment referenced in this news release, is available on SEDAR at www.sedar.com .

Forward Looking Information

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the business, the Lagoa Salgada project and timing of completion of studies. In making the forward- looking statements contained in this press release, Ascendant has made certain assumptions, including, but not limited to the anticipated time to complete the feasibility study and its results. Although Ascendant believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Ascendant disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risks Factors" in the Company's Annual Information Form dated March 31, 2023 and under the heading "Risks and Uncertainties" in the Company's Management's Discussion and Analysis for the years ended December 31, 2022 and 2021 and other risks identified in the Company's filings with Canadian securities regulators, which filings are available on SEDAR at www.sedar.com . The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. The Company's statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

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SOURCE Ascendant Resources Inc.

View original content to download multimedia: https://www.newswire.ca/en/releases/archive/June2023/23/c2400.html

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Ascendant Announces Cooperation Agreement With University of Lisbon

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce the Company, through its subsidiary, Redcorp - Empreendimentos Mineiros, Lda ("Redcorp"), has entered into a Protocol of Cooperation ("Protocol") with the Faculty of Sciences of the University of Lisbon ("Faculdade de Ciências da Universidade de Lisboa - FCUL") with the aim to establish cooperation 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 Cooperation 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.

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Ascendant Appoints McGovern Hurley As Company Auditor

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce that it has appointed McGovern Hurley LLP as its auditor until the next meeting of shareholders

The appointment of McGovern Hurley follows mutual agreement between Ascendant and KPMG LLP and the subsequent notice from KPMG LLP to resign as auditor of the Company.

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Ascendant Resources Announces Results of Annual General Meeting of Shareholders

Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASND) ("Ascendant" or the "Company") is pleased to announce the voting resultsof the Company's 2024 Annual General Shareholders' Meeting (the "Meeting") held on June 13, 2024, in Toronto, Ontario

A total of 51,497,589 common shares were voted at the Meeting, representing 27.59% of the votes attached to all outstanding common shares of the Company. All matterspresented for shareholder approval at the Meeting were duly authorized and approved as follows:

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Ascendant Appoints Senior IPB Veteran Guy Lauzier, P.Eng. As Technical Advisor For Development Of Lagoa Salgada Project

Senior Mining Engineer with oversight expertise in mine planning, design, construction and project management for Matsa, Aljustrel and Neves Corvo's VMS projects on the Iberian Pyrite Belt;
Strengthens Ascendant's Technical capability during transition for project development

Ascendant Resources Inc. (TSX:ASND)(OTCQX:ASDRF)(FRA:2D9) ("Ascendant" or the "Company") is pleased to announce that it has strengthened its management team with the appointment of Mr. Guy Lauzier, P.Eng., who has been appointed as Technical Adviser for its Lagoa Salgada project. Mr. Lauzier will work with the management team to enhance the design, construction and delivery of the Lagoa Salgada VMS Project, located on the Iberian Pyrite Belt, in Portugal

Mr. Lauzier is a mining engineer with over 45 years' experience in both underground and open pit mining. Previous employment experience includes a tenure at projects located on the Iberian Pyrite Belt including MATSA - Trafigura, as Project Manager specializing in project design, control and construction of a 2.2 Mtpa processing plant. He was Project Manager at Lundin Mining's previously owned Aljustrel Project in Portugal, where he was responsible for the engineering and upgrade of Lead/Zinc/Copper circuit, fine crushing and fine grinding system. He organized the reopening of the Moinho mine and the development of the the Feitais mine for 3000 tpd. Prior to Lundin, Mr. Lauzier was a Technical Advisor at Eurozinc Neves Corvo's Mine (IBP) where his responsibilities included Mine Planning, Design, Construction and Project Management as well as the refurbishment of the Lead Zinc plant.

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Ascendant Reports Significant Metallurgical Improvements at Its Lagoa Salgada VMS Project, Portugal

Results demonstrate ability to produce saleable and highly marketable Zinc and Lead concentrates from the Primary Massive Sulphide domain.
Significant improvement in Zinc recoveries (13% increase) and concentrate grades (22% increase) compared to the Feasibility Study.
Metallurgical results, completed at coarser grind sizes supporting simplified flow sheet and lower capital and operating costs relative to the Feasibility Study.
Further improvement anticipated from additional ongoing metallurgical optimization test work.

Ascendant Resources Inc. (TSX:ASND)(OTCQX:ASDRF);(FRA:2D9) ("Ascendant" or the "Company") provides an update on the optimization metallurgical test program on the primary massive sulphides ("PMS") domain at Lagoa Salgada. The Massive Sulphides are the highest margin domain and a large value driver of NPV for the Lagoa Salgada Project. Bench scale metallurgical testing on composite samples from the PMS ore body were completed by Maelgwyn Metallurgical Laboratories (South Africa) with oversight from Minepro Solutions (Spain) and DRA Global (South Africa

Following completion of the July 2023 43-101 Feasibility Study ("FS"), Ascendant initiated an optimization program for metallurgical performance to improve metal recoveries, concentrate grades and characterization of the deleterious elements in order to enhance the revenue potential for its Lagoa Salgada Project. The initial phase of the optimization program has been focused on the Primary Massive Sulphide mineralization from its Venda Nova North Sector, as this zone is the major revenue contributor for the project and is exploited early in the mine life. In addition to the metallurgical work, the company continues to progress its environmental permitting activities and expects to be granted the permit in Q3/24 which would position Lagoa Salgada as the next mine ready project on the Iberian Pyrite belt.

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Bold Ventures Identifies New Gold Zone at Its Burchell Gold and Copper Property

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that it has received assays up to 56.9 gt gold (Au) from a newly identified zone at its Burchell Property ("the Property"), sampled during a prospecting and field reconnaissance program in November of this year. The high-grade sample was collected approximately 15 meters southwest of 2023 samples which returned between 0.04 and 0.51 gt Au. The zone has now been named the 111 (one-eleven) Zone. A geological sketch map of the outcrop exposure was made and three grab samples were collected along or near the zone during the 2024 program (see Table 1 below for coordinates, descriptions, and results). Assay results ranged from

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Vertex Minerals Limited Power-up Gravity Gold Plant at Reward

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce an update on the Reward Gold mine start up, with powering the plant up now completed and mechanical commissioning underway.

The processing facility rebuild, refurbishment and installation has progressed safely, efficiently and to plan, with the focus now turning to dry and wet commissioning of the respective operating circuits.

HIGHLIGHTS

- Vertex power up the newly installed Gravity Gold plant at the Reward Gold Mine.

- The Power generation units have now been installed and plugged into the Gravity plant.

- The plant components are now all installed and connected electrically.

- Completion of the dry stack tailing storage facility and tailings pipework installation.

- The plant can now be started up and mechanically tested and operated.

- Wet commissioning and ore feed commissioning will follow.

- Ore Sorter installation will be a retrofitted in early January

- Commissioning will be with stockpiled gold ore located alongside the gold plant

Vertex's Executive Chairman, Roger Jackson, said: "On time and within budget, the refurbishment and installation activities at the Reward gravity gold processing plant are almost complete with power up testing now underway. Our focus is now switching to dry and wet commissioning in the lead up to first gold next month. This is an exciting milestone for the company given the quality of the plant and the low capex required to get to this stage".

The Reward gold mine is well placed for a simple start -up:

- The new processing plant has been installed adjacent to the underground mine portal (640 Level) and over the existing footprint of the existing plant

- The 640 Level extends into the resource and no stripping required.

- Second egress in place with existing ladder way from 640 Level to surface.

- Some underground fleet and utility services are already owned by Vertex. With new fleet arriving.

*To view photographs, please visit:
https://abnnewswire.net/lnk/B92995G8

About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited

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Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering (the " Offering ") for aggregate gross proceeds of C$107.4 million, including the partial exercise the option granted to the Underwriters (as defined herein). In connection with the Offering, the Company issued an aggregate of (i) 70,326,229 flow-through units of the Company (" FT Units ") consisting of 64,215,117 FT Units at an issue price of C$0.50 per FT Unit and 6,111,112 FT Units at an issue price of C$0.54 per FT Unit, for aggregate gross proceeds of C$35,407,558.98 and (ii) 277,051,466 units of the Company (" HD Units ") at a price of C$0.26 per HD Unit, for aggregate gross proceeds of C$72,033,381.16.

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	Total Votes	% of Votes Cast
Votes in Favour Votes Against	51,217,885 279,704	99.46% 0.54%
Total Votes Cast	51,497,589	100%

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%

	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%

	Cu (%)	Pb (%)	Zn (%)	Fe (%)	Ag (ppm)	As (ppm)	Bi (ppm)	Cd (ppm)	Hg (ppm)	Sb (ppm)
PMS Composite Sample	0.25	2.84	4.47	39.00	54.9	15,961.3	85.2	224.0	423.0	589.0

	July 43-101 Feasibility Study		Latest Test Results
PMS Results	Zn Concentrate	Pb Concentrate	Zn Concentrate	Pb Concentrate*
Primary grind Size (microns)	29	29	30	45
Regrind Size (microns)	15	7	15	10
Grade in Concentrate (%)	35%	30%	43%	24%
Primary Metal Recovery (%)	70%	60%	79%	53%

Table 1: 111 Zone 2024 Results
Sample	Date	Area	X (UTM Z15)	Y (UTM Z15)	Description	Assay Certificate No.	Au ppb1 (Fire Assay)	Au ppb2 (Fire Assay)	Au ppb3 (Photon Assay)
C277089	2024-11-06	111 Zone area	676832	5380323	Strongly silicified mafic volcanic with 0.5% fine disseminated pyrite. Loose outcrop / frost heave.	A24-13987	2400	2670	2550
C277090	2024-11-06	111 Zone	676832	5380320	Strongly silicified mafic volcanic with 0.5-1% fine disseminated pyrite. Loose outcrop or frost heave adjacent to zone in outcrop, about 3m south of previous sample.	A24-13987	56300	56900	56800
C277091	2024-11-06	111 Zone	676818	5380332	Strongly silicified sericite schist. Angular boulder, likely talus from nearby slope.	A24-13987	48	n/a
C277043	n/a	n/a	n/a	n/a	Quartz pebble blank.	A24-13987		n/a	n/a
C277044	n/a	n/a	n/a	n/a	Standard OREAS 24d.	A24-13987		n/a	n/a

Hole ID	From (m)	To (m)	Length (m)*	Ni %	Co %	Pd g/t	Pt g/t	Cr %	Fe %	S %
Mann West
MAN24-42	9.0	345.2	336.2	0.24	0.012	0.004	0.007	0.20	6.40	0.068
and	371.7	402.0	30.3	0.19	0.010	0.003	0.005	0.38	6.82	0.053
MAN24-61	17.8	374.3	356.5	0.28	0.012	0.033	0.017	0.26	5.98	0.133
including	75.0	112.5	37.5	0.52	0.013	0.107	0.058	0.14	5.80	0.203
MAN24-70	18.0	501.0	483.0	0.24	0.011	0.007	0.008	0.27	6.12	0.067
including	144.0	172.5	28.5	0.29	0.011	0.007	0.007	0.14	5.52	0.076
MAN24-73	74.2	500.4	426.2	0.25	0.012	0.009	0.009	0.25	6.30	0.061
MAN24-74	7.9	278.5	270.6	0.19	0.014	0.027	0.016	0.40	7.40	0.057
including	25.5	31.5	6.0	0.31	0.013	0.028	0.013	0.82	6.67	0.125
and	318.0	402.0	84.0	0.24	0.013	0.003	0.005	0.16	7.45	0.026
MAN24-76	12.6	495.0	482.4	0.26	0.011	0.011	0.010	0.16	5.95	0.042
including	81.0	117.0	36.0	0.29	0.012	0.036	0.014	0.16	6.11	0.089
and	162.0	196.5	34.5	0.31	0.011	0.010	0.012	0.13	5.24	0.024
MAN24-78	19.4	402.0	382.6	0.24	0.013	0.012	0.010	0.38	6.54	0.053
including	261.0	294.0	33.0	0.30	0.013	0.031	0.021	0.52	6.67	0.100
including	274.5	282.0	7.5	0.41	0.015	0.057	0.027	0.72	6.95	0.178
MAN24-82	22.0	481.5	459.5	0.21	0.012	0.017	0.016	0.37	6.76	0.047
including	61.5	360.0	298.5	0.25	0.012	0.019	0.013	0.35	6.17	0.050
including	255.0	277.5	22.5	0.30	0.013	0.025	0.014	0.58	5.91	0.069
MAN24-83	6.0	403.0	397.0	0.21	0.013	0.016	0.011	0.58	7.43	0.087
including	144.0	195.9	51.9	0.27	0.014	0.030	0.024	0.68	7.87	0.064
and	305.5	336.0	30.5	0.27	0.013	0.019	0.009	0.60	6.30	0.080
MAN24-85	69.0	493.0	424.0	0.25	0.012	0.012	0.008	0.26	6.25	0.042
MAN24-86	14.2	462.0	447.8	0.23	0.012	0.006	0.006	0.41	6.33	0.027
MAN24-89	99.0	191.2	92.2	0.22	0.012	0.013	0.009	0.47	6.71	0.042
and	210.6	428.9	218.3	0.24	0.012	0.009	0.008	0.35	6.31	0.053
including	386.0	395.0	9.0	0.35	0.013	0.054	0.020	0.75	6.45	0.120
MAN24-92	27.4	426.9	399.5	0.25	0.012	0.016	0.008	0.39	6.27	0.046
including	267.0	286.5	19.5	0.34	0.015	0.083	0.034	0.66	6.57	0.114
and	324.0	349.5	25.5	0.30	0.012	0.037	0.015	0.57	6.29	0.125
and	433.6	501.0	67.4	0.20	0.013	0.013	0.021	0.50	7.35	0.047
MAN24-93	18.0	391.0	373.0	0.24	0.012	0.009	0.007	0.34	6.43	0.039
and	406.8	470.0	63.2	0.16	0.011	0.005	0.004	0.36	7.34	0.031
MAN24-94	102.0	501.0	399.0	0.24	0.012	0.012	0.009	0.39	6.50	0.039
including	400.5	415.5	15.0	0.30	0.011	0.044	0.021	0.57	6.57	0.083
MAN24-97	18.0	360.0	342.0	0.21	0.013	0.015	0.009	0.37	6.63	0.053
and	406.5	501.0	94.5	0.23	0.012	0.003	0.003	0.39	7.10	0.021

Hole ID	From (m)	To (m)	Length (m)	Pt+Pd (g/t)	Pd g/t)	Pt (g/t)	Ni (%)	Co (%)	Cr (%)	Fe (%)	S (%)
Mann West
MAN24-74	278.5	309.0	30.5	0.48	0.28	0.20	0.037	0.007	0.394	5.763	0.011
MAN24-82	481.5	501.0	19.5	0.52	0.28	0.24	0.024	0.007	0.324	5.919	0.014
MAN24-97	378.5	400.5	22	0.40	0.23	0.17	0.040	0.008	0.360	5.179	0.018
Mann South
MAN24-66	160.0	180.7	20.7	0.49	0.33	0.16	0.026	0.005	0.362	3.957	0.017
MAN24-72	44.0	54.5	10.5	0.37	0.12	0.24	0.037	0.009	0.313	5.849	0.011
MAN24-77	37.0	60.0	23	0.55	0.16	0.39	0.216	0.012	0.409	6.386	0.016
and	444.0	457.5	13.5	0.34	0.10	0.24	0.098	0.013	0.596	6.776	0.015
and	492.0	529.5	37.5	0.35	0.14	0.21	0.055	0.008	0.499	5.450	0.008
MAN24-100C	75.0	91.5	16.5	0.53	0.11	0.42	0.131	0.013	0.314	6.600	0.011
and	112.4	131.0	18.6	0.82	0.31	0.51	0.064	0.009	0.474	5.288	0.006
and	172.0	196.5	24.5	0.77	0.32	0.46	0.048	0.009	0.518	5.375	0.007
Mann Central
MAN24-64	334.9	351.5	16.6	0.52	0.33	0.19	0.043	0.008	0.371	5.291	0.019

Hole ID	Easting ( mE)	Northing ( mN)	Azimuth (⁰)	Dip ( ⁰)	Length (m)
MANN WEST
MAN24-42	496024	5411983	35	-50	402
MAN24-61	496859	5412156	215	-50	402
MAN24-70	496492	5412296	215	-50	501
MAN24-73	496604	5412445	215	-50	500
MAN24-74	495656	5412189	215	-85	402
MAN24-76	496560	5412057	215	-50	495
MAN24-78	495969	5412226	215	-85	402
MAN24-82	495980	5412379	215	-50	501
MAN24-83	496980	5412318	215	-50	450
MAN24-85	496493	5412451	215	-50	493
MAN24-86	496442	5411894	215	-50	489
MAN24-89	496297	5412494	215	-50	495
MAN24-92	496177	5412332	215	-50	501
MAN24-93	496373	5412289	215	-50	471
MAN24-94	496098	5412537	215	-50	501
MAN24-97	495765	5412456	220	-50	501
MANN SOUTH
MAN24-66	503460	5408195	35	-50	402
MAN24-72	503650	5408420	35	-50	501
MAN24-75	502081	5405730	55	-50	420
MAN24-77	502345	5405431	50	-50	540
MAN24-81	503460	5408195	220	-50	552
MAN24-84	502406	5408781	35	-50	501
MAN24-90	503140	5409045	35	-50	501
MAN24-91	503358	5408852	35	-50	483
MAN24-99	502349	5405667	55	-50	402
MAN24-100C	502169	5405546	55	-50	378
MAN24-103	501960	5405890	55	-50	402
MANN CENTRAL
MAN24-41	498466	5410751	145	-55	153
MAN24-48	498066	5410676	180	-50	402
MAN24-64	498058	5410435	180	-50	406
MAN24-68	497871	5410435	180	-50	402

ASCENDANT PROVIDES UPDATE FOR ITS LAGOA SALGADA PROJECT IN PORTUGAL

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