Ascendant Resources Inc. is pleased to announce it has acquired from TH Crestgate a 25% interest in Redcorp Lda, which holds an 85% interest in the Lagoa Salgada Project located within the prolific Iberian Pyrite Belt in Portugal. Crestgate recently contracted AGP Mining Consultants to complete an updated Technical Report defining a preliminary Indicated Mineral Resource Estimate of 5.84 million tonnes grading 8.88% ZnEq and an Inferred Mineral Resources of 2.01 million tonnes grading 7.82% ZnEq, at a 3.5% ZnEq cut-off grade, at the LS-1 deposit with an additional Inferred Mineral Resource of 2.22 million tonnes grading 4.80% ZnEq, at a 3.5% ZnEq cut-off grade, outlined at the LS-1 Central deposit.