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

TORONTO, ON / ACCESSWIRE / April 15, 2024 / 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.

Mr. Lauzier has also managed the construction of several mines and mineral processing plants, located in Europe, North and South America and Africa. These skills have permitted him to successfully develop his knowledge in the areas of mine operations, engineering, supervision, project management, safety, and operational improvements.

Mark Brennan, Chairman of Ascendant stated, "We are extremely pleased to welcome Guy to the Ascendant team. Guy brings a wealth of engineering experience in mine design, mine planning, construction and mine optimization, particularly on similar VMS projects and projects located within the Iberian Pyrite Belt that will add to the technical capabilities of the Ascendant team in advancing our Lagoa Salgada project final Feasibility stage and into development."