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Ascendant Resources Inc.

11:48 AM EST - Ascendant Resources Inc. : Has engaged to undertake the new NI 43-101 Preliminary Economic Assessment (“PEA”) for its Lagoa Salgada VMS project in Portugal. Both Quadrante and IGAN have extensive experience on the Iberian Pyrite Belt, The PEA will be designed to look at a combined mining operation encompassing the mineralization contained within the North and South Zones and incorporating the updated metallurgical test work that is currently underway. Ascendant Resources Inc. shares T.ASND are trading down $0.01 at $0.27.