Ascendant Copper Corporation to Commence Trading on the Toronto Stock Exchange.

DENVER -- Ascendant Copper Corporation ("Ascendant") (TSX:ACX)(TSX:ACX.WT) is pleased to announce today that it successfully completed its initial public offering ("IPO") of 5,446,900 units (the "Units") raising gross proceeds of $10,893,800. Trading will begin on the Toronto Stock Exchange (the "Exchange") on November 22, 2005, under the symbol ACX for the Common Shares and ACX.WT for the warrants.

The syndicate for the offering was led by Haywood Securities Inc. and included Canaccord Capital Corporation (the "Agents").

Each Unit consists of one Common Share and one listed warrant to purchase an additional Common Share at $2.50 until November 21, 2010. The Agents received a commission which was paid partly in cash ($25,000) and by the issuance of 341,548 units, with each unit consisting of one Common Share and one transferable warrant to purchase an additional Common Share at $2.50 until November 21, 2010. The Agents also received compensation options to purchase up to a total of 354,048 Common Shares exercisable at $2.00 per Common Share until May 21, 2007.

Ascendant is engaged in the exploration and development of primarily base metal properties in Ecuador. Ascendant controls a 100% interest in two projects, the Junin copper-molybdenum-silver-gold porphyry property and the Chaucha porphyry copper property (Detailed descriptions of the two properties as well as financial and other information about Ascendant are disclosed in our prospectus dated October 14, 2005, available on SEDAR at www.sedar.com).

Junin Project

Ascendant's principal project, the Junin project, is a copper-molybdenum, gold and silver porphyry property with an inferred mineral resource of 982 million tonnes grading 0.89% copper (Cu), 0.04% molybdenum (Mo) and 1.9 grams per ton of silver (Ag), at a 0.4% copper cut-off grade (See on SEDAR the Technical Report dated April 7, 2005, and amended August 5, 2005 and October 12, 2005, entitled "Technical Report Review of the Quartz Porphyry-Hosted Copper-Molybdenum Mineralisation at Junin, Otavalo, Ecuador" prepared by Qualified Person, Paul D. Gribble, C. Eng., Senior Mineral Resources Geologist, of Micon International Co Limited). Ascendant cautions that inferred mineral resources are not mineral reserves and do not have demonstrated economic viability.

The Junin project is located in the province of Imbabura in northwest Ecuador, approximately 135 kilometres north-northwest of the capital city of Quito. The project consists of 9,505 hectares. Although the topography is rugged, suitable areas for tailings disposal, processing plant site and waste disposal have been identified within or adjacent to the project area.

Regional geochemistry investigations were carried out in the mid-1980's. The first drilling occurred from 1991-1993 and the program was comprised of 10 holes. At the end of 1993, the project was turned over to Bishi Metals. Bishi completed four years of exploration by drilling an additional 20 holes. In total, these 30 drill holes accounted for slightly over 9,700 meters of drilling. Once these holes were completed, a geologic, reserve model was created.

Due to a large amount of civil unrest and an unworkable mining law, Bishi Metals left the area in 1997. Ecuador introduced a new mining law in 2000.

In 2004 and 2005, Ascendant acquired the mining concessions to the Junin property and currently has control of all core data, core logs, and other information pertaining to the prior exploration work. In 2005 Micon conducted an independent evaluation of the prior exploration work and, in accordance with the requirements of National Instrument 43-101, Standards of Disclosure for Mineral Projects, subsequently determined that an inferred resource as described above is present.

Prior to beginning the next phase of drilling, an Environmental Impact Statement (EIS) must be submitted and approved for the project in order to obtain the necessary permits. The EIS is has been developed and prepared and is expected to be filed by the end of November. The review and approval phase should take approximately 60 days from the filing date.

Chaucha Project

The Chaucha Project is a copper-molybdenum porphyry overlain by an extensive supergene blanket overlying the property. To date, inadequate work has been completed to determine whether this supergene material is amenable to recovery of copper using acid leaching and solvent extraction/electrowinning. Chaucha represents a "secondary" target for Ascendant.

The Chaucha copper-molybdenum, gold, and silver porphyry property is located 70 kilometres to the west of the town of Cuenca in the Chaucha parish of the Azuay province of southern Ecuador. The property consists of 3,000 hectares.

There has been extensive exploration work done on the Chaucha concession dating back to 1968. To date 122 holes totaling over 11,400 metres have been drilled on the concession. Ascendant acquired the concession in 2004.

Ascendant Copper Corporation

Gerald E. (Gary) Davis, President & CEO 

Forward-Looking Statement Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

Ascendant Copper Corporation (TSX:ACX) (TSX:ACX.WT)