Ascendant Resources Inc. announced it has entered into a share purchase agreement (the "Agreement") with Kirungu Corporation to sell all of the issued and outstanding shares of the Company's wholly-owned Honduran subsidiary American Pacific Honduras S.A. de C.V. Neil Ringdahl, who has been Ascendant’s Chief Operating Officer since March 2017 and is an officer of Kirungu, will resign from Ascendant effective at the close of the Transaction in order to continue to oversee and manage the operations of El Mochito.