Ascendant Copper Corporation
TSX : ACX
TSX : ACX.WT
FRANKFURT : A5C
BERLIN : A0HMLE

Ascendant Copper Corporation

June 06, 2007 10:23 ET

Ascendant Copper Announces Exploration Results From the Gur Gur Anomaly Drilling Program, Chaucha Copper Project, Ecuador

DENVER, COLORADO--(Marketwire - June 6, 2007) - Ascendant Copper Corporation (the "Company"), (TSX:ACX)(TSX:ACX.WT)(BERLIN:A0HMLE)(FRANKFURT:A5C)(WKN:A0HMLE), is pleased to announce drilling results from an ongoing core drilling program at the Gur Gur target area located within the Company's Chaucha copper-molybdenum property, 75 kilometers southeast of Guayaquil, Ecuador. The nine-hole, 1,341 meter program intersected large widths of high-grade copper-molybdenum mineralization within envelopes of lower grade mineralization (see attached plan view, layout map for drillhole locations. To view, please click the following link: http://www.ccnmatthews.com/docs/acx0606.pdf). To date, five of the nine holes have been analyzed. These holes have encountered a supergene enrichment zone about 40 meters thick with copper values in many areas of this enrichment zone exceeding 0.50%. In addition the drilling and surface geology has begun to define what appears to be a porphyry system underlying the Gur Gur mineralized sector of the Chaucha concession.

The holes analyzed to date were drilled into a previously inferred copper-molybdenum resource as estimated by Billiton in 1998 (Billiton's resource estimate was prepared prior to the creation of the CIM Standards on Mineral Resources and Reserves Definitions and Guidelines and is not compliant with National Instrument 43-101, Standards of Disclosure for Mineral Projects). Existing logs report that Billiton drilled five holes totaling 931 meters with one of the Billiton drillholes, Ch-03, intercepting 105 meters that graded 0.63% copper and 0.02% molybdenum, but this has not been independently confirmed by the Company by reassaying.

Ascendant's drillhole GG-02 intercepted 70 meters of 0.39% copper, which included 36 meters that graded 0.54% copper, GG-03 included 172 meters of 0.40% copper and drillhole GG05 encountered 140 meters grading 0.35% copper, which included 60 meters grading 0.52% copper. Assay results from the five holes are set out in the table below. True thickness is estimated to be equal to drilled thickness as the mineralized zone encountered is determined to be flat-lying.



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From To Interval Copper Molybdenum Silver
Hole # (m) (m) (m) % % ppm
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GG - 01 8 168 160 0.24 0.007 4.3
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includes 12 40 28 0.47 0.010 2.0
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includes 74 104 30 0.27 0.005 7.0
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includes 132 144 12 0.35 0.003 6.0
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GG - 02 40 110 70 0.39 0.008 3.0
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includes 126 136 10 0.33 0.030 6.0
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includes 40 76 36 0.54 0.010 3.0
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GG-03 16 188 172 0.40 0.005 6.5
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includes 16 70 54 0.44 0.005 6.5
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less than
includes 16 34 18 0.63 0.001 5.0
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less than
and 152 188 36 0.54 0.001 5.0
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GG - 04 22 172 150 0.28 0.003 4.0
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less than
includes 22 126 104 0.39 0.001 5.0
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less than
includes 46 88 42 0.57 0.001 8.0
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GG - 05 16 156 140 0.35 0.005 3.6
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includes 16 122 106 0.39 0.004 3.4
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includes 16 76 60 0.52 0.003 3.6
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less than
includes 152 156 4 0.45 0.001 3.4
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John R. King, the Company's resident exploration and geological expert as well as a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects ("NI43-101"), has reviewed the above statements and assay results. Mr. King confirms that quality controls and correct assay procedures were followed by the Company and these geologic observations of the samples are correct. Assaying of the samples was conducted by Acme Labs, an ISO certified laboratory in Vancouver, British Columbia, Canada.

Ascendant Copper Corporation is a mineral exploration and development company responsibly advancing its Chaucha and Junin copper-molybdenum projects in Ecuador toward a verifiable economic base metal discovery. Ascendant has a solid mineral asset base, a diversified portfolio, proven management, and is committed to becoming a mid-tier copper producer through its agreement in respect of the Chaucha project with Antofagasta PLC (LSE:ANTO) and its strategic exploration alliance in Ecuador with Rio Tinto (LSE:RTZ).

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