Ascendant Copper fka ACX

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Ascendant Copper Announces Filing of Final Short Form Prospectus
DENVER, COLORADO--(CCNMatthews - June 18, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Ascendant Copper Corporation (the "Company" or "Ascendant") (TSX:ACX)(TSX:ACX.WT)(BERLIN:A0HMLE)(FRANKFURT:A5C) (WKN:A0HMLE) is pleased to announce that it has obtained a receipt for the filing of a final short form prospectus dated June 14, 2007 in the Provinces of British Columbia, Alberta and Ontario in respect of a public offering (the "Offering") of 26,666,666 to 33,333,333 units at Cdn$0.45 per unit for total gross proceeds of Cdn$12,000,000 to Cdn$15,000,000. Each Unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of Cdn$0.65 per share at any time no later than 24 months following the closing of the Offering.

The Offering is expected to close on or about June 22, 2007, subject to all customary conditions including the receipt of all necessary regulatory approvals.

Laurentian Bank Securities Inc. is the lead agent of the underwriting syndicate, which is also comprised of Raymond James Ltd., Dundee Securities Corporation and Jennings Capital Inc. The Agents have been granted an option to purchase up to 15% of the number of Units sold to cover over-allotments, if any. The over-allotment option is exercisable at any time for up to 30 days following the closing of the Offering.

The net proceeds of the Offering will be used to fund the Company's exploration program, for acquisitions and for working capital.

This press release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or in accordance with an applicable exemption from the registration requirements.

Ascendant Copper Corporation is a mineral exploration and development company responsibly advancing its Chaucha and Junin copper-molybdenum projects in Ecuador toward a verifiable economic base metal discovery. Ascendant has a solid mineral asset base, a diversified portfolio, proven management, and is committed to becoming a mid-tier copper producer through its agreement in respect of the Chaucha project with Antofagasta PLC (LSE:ANTO) and its strategic exploration alliance in Ecuador with Rio Tinto (LSE:RTZ).



CONTACT INFORMATION:
Ascendant Copper Corporation
Rana S. Gill, C.A.
Chief Financial Officer
1-866-907-6047 or [phone]
Email: [e-mail]

or

Ascendant Copper Corporation
John R. Haigh
Manager of Investor Relations
1-866-907-6047 or [phone]
Fax: [phone]
Email: [e-mail]
Website: www.ascendantcopper.com