Ascendant Copper Provides Update on Junin Project

Ascendant Copper Corporation ("Ascendant") or (the "Company")
(TSX:ACX)(BERLIN:A0HMLE)(FRANKFURT:A5C) today responded to notices received from
the Regional Director of Mines of Pichincha that purport to nullify two
concessions, Golden 1 and Golden 2, that form part of the Junin
copper/molybdenum project in Ecuador on the basis that these concessions were
granted unconstitutionally.


Ascendant believes that there are several irregularities in the notices.
Ascendant intends to vigorously defend its rights and will take appropriate
action upon further study with its Ecuadorian legal counsel.


"It is important to note that a significant number of concessions throughout
Ecuador were granted to a number of mining companies under the same mining law
which the notices state are unconstitutional," said Gary Davis, President and
CEO of the Company. "We believe that the notices that Ascendant and many others
received, if acted upon, will create tremendous uncertainty in the mining
industry. President Correa has recently made a number of statements supporting
the role of mining in fostering growth in Ecuador. We are actively seeking
clarification from the central government and will co-operate fully under any
reasonable circumstances. We will inform shareholders immediately when we more
fully understand all issues involved."


About Ascendant Copper

Ascendant Copper Corporation 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 a
verifiable economic base metal discovery. Ascendant is also evaluating near-term
production scenarios for the U.S. copper properties that it is proposing to
acquire from St. Genevieve Resources Ltd. and continues to investigate mineral
properties of merit in the Americas.