Ascendant Resources Inc.

● Results include the El Mochito Mine which was sold subsequent to quarter end and is shown as a discontinued operation Q1 2020 Highlights: Contained metal production of 28.8 million ZnEq1 lbs, up 23% vs Q1/19 ZnEq grade of 7.8%, a 16% improvement over Q1/19 Net Revenue from discontinued operations of $13.78 million, down 23% from Q1/19 and down 31% from Q4/19, due to a negative provisional price adjustment of $12.35 million Significant improvement in AISC of $1.03/lb ZnEq versus $1.30/lb ZnEq in Q1/19 Adjusted EBITDA loss of $9.30 million versus $1.45 million gain in Q1/19 Net Loss of $11.14 million and loss per share of $0.14 Sale of El Mochito mine subsequent to the end of Q1/20 announced April 17, 2020 unless otherwise specified) TORONTO, May 13, 2020 -- [wp=3303]Ascendant Resour... [...]