SOURCE: Ascendant Copper Corporation

February 20, 2007 09:30 ET

Ascendant Copper Corporation Welcomes Rana S. Gill as New CFO

VANCOUVER, BC -- (MARKET WIRE) -- February 20, 2007 -- Ascendant Copper Corporation ("Ascendant" or the "Company") (TSX: ACX) announced today that Rana S. Gill, C.A., has accepted the appointment as Chief Financial Officer with the Company effective yesterday.

Mr. Gill has more than two decades of experience in the financial world, twelve years as Chief Financial Officer for companies in the North American business market. He was the cofounder, CFO and Director of RxKinetix Inc., an international biotech company which most recently sold for $115 million cash based on milestone payments. Mr. Gill has directed financial and operational activities for numerous companies including RxKinetix Inc., American Sensors, Inc., Pilkington Barnes-Hind, Glemby International, and General Electric subsidiaries. In addition, Mr. Gill has completed an IPO and secondary financing with listings both on TSX and NASDAQ. He is an avid traveler and philanthropist, recently traveling to Poland where he helped construct homes for lower income families.

Ascendant's President, Gary E. Davis, stated, "Rana will be an outstanding addition to the Ascendant team. His broad experience, which includes capital acquisition, financial planning and auditing, regulatory and legal compliance, and human relations, will be of major benefit to the Company's development and operations. Rana's experience, coupled with that brought by the recent addition to the staff of John Haigh as Manager of Investor Relations, will allow us to significantly bolster communications of the Company's strategic direction and accomplishments to our shareholders, potential investors, and investment analysts."

Ascendant's principal business is the exploration for copper in Ecuador. The Company has two primary properties: the Junin property and the Chaucha property, which it has partnered with Antofagasta PLC for exploration and advancement. The Company has also acquired an extensive exploration data base developed for Ecuador by Rio Tinto Mining and Exploration Limited and has an option to purchase the Telimbela copper/molybdenum grassroots exploration property located in an historic mining district in south-central Ecuador.

Contact Information

  • Company contact:
    John R. Haigh
    Manager of Investor Relations
    at 303-824-0271

    10920 West Alameda Avenue, Suite 201
    Lakewood, CO 80226
    Tel: (303) 824-0271
    Fax: (720) 962-4648
    Email Contact