Ascendant Resources Inc. announce the appointment of Ms. Petra Decher, CPA, CA to the Company's Board of Directors and Mr. Stephen Shefsky to the position of Lead Director of the Board effective October 1, 2017. Ms. Decher served as the Vice President, Finance and Assistant Secretary for Franco-Nevada Corporation from 2009 to 2016. She currently serves as Chairwoman of the Board at Red Pine Exploration Inc. and recently served as the Lead Independent Director of Integra Gold Corp. until its acquisition by Eldorado Gold Corporation. Ms. Decher is a Chartered Public Accountant, and is assuming the role of Chairwoman of the Audit Committee effective immediately. Mr. Shefsky has served on the Board of Directors of Ascendant Resources Inc. (formerly Morumbi Resources Inc.) for more than 10 years. Mr. Shefsky legal background has served well through his career of more than 40 years experience in the investment and mining industry throughout Canada, Latin America, and Africa. Mr. Shefsky is currently the President & CEO, Founder and Director of James Bay Resources Ltd. and his prior experience includes President & CEO of Verena Minerals Corp, now known as Belo Sun Mining Corp., Cancap Investments Ltd., and Brasoil do Brasil Exploracao Petrolifera S.A. The Lead Director is a director independent of management and any controlling shareholder of the Company, appointed in circumstances where the Executive Chairman of the Board is not independent of management and any controlling shareholder. The primary responsibility of the Lead Director is to provide leadership for the independent directors and assist in managing any conflicts between the Company and any controlling shareholders.