Ascendant Copper Corporation

Ascendant Copper Corporation

March 17, 2008 08:31 ET

Ascendant Copper's Acquisition of St. Genevieve Resources Overwhelmingly Approved by Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Ascendant Copper Corporation ("Ascendant") (TSX:ACX)(TSX:ACX.WT)(TSX:ACX.WT.A)(BERLIN:A0HMLE)(FRANKFURT:A5C)(WKN A0HMLE) today announced that the shareholders of St. Genevieve Resources Ltd. ("St. Genevieve") (CNQ:SGVL) have overwhelmingly approved the previously announced plan of arrangement whereby Ascendant will acquire all outstanding St. Genevieve shares in a stock transaction.

The arrangement was approved at the special meeting of securityholders, held in Montreal on March 14, 2008, by over 99% of the votes cast by shareholders and 100% of the votes cast by warrantholders represented at the special meeting. St. Genevieve will apply for final approval of the plan of arrangement by the Quebec Superior Court on Tuesday, March 18, 2008 and the transaction is expected to close on or about Wednesday, March 26, 2008.

About Ascendant Copper Corporation

Ascendant is a mineral exploration and development company that is focused on becoming a mid-tier copper and molybdenum producer. Ascendant is responsibly advancing its copper-molybdenum projects in Ecuador toward verifiable economic base metal discoveries and is also evaluating near-term production scenarios for the U.S. copper properties that it is proposing to acquire from St. Genevieve.

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