Space ace was an arcade laser game released originally in 1984. However,this Nes version was going to be a platform in the same vein as the conversion of Dragon’s Lair produced for the same 8-bit console. It is likely that the project was dropped because the Nintendo Entertainment System was at the end of its life. Space Ace was later ported to the Snes, but it was a completely different game.
Thanks to ArnoldRimmer83 for the pics!