Asante Gold Corporation announced results from its ongoing exploration drilling program at the South Russel and Aboduabo prospects located on Bibiani - Chirano mines corridor on the Sefwi Greenstone Belt in Ghana. The Sefwi Greenstone Belt is host to significant gold mining operations including the Bibiani and Chirano mines which have produced +8Moz to date. Asante controls 53 km strike length of the corridor which includes the Bibiani and Chirano shear zones, where gold mineralization is typically hosted in shear faults and veins.

The Company's Bibiani and Chirano gold mines have current mineral reserves of ~ 2.8Moz and Measured and Indicated resources of over 4.5Moz. The immediate exploration focus for Asante is to aggressively explore proven mineralized trends to discover new mineable deposits and grow mine and near mine resources and mine life. The Company previously outlined the strike length of gold mineralization at South Russel as 200m.

New drilling results have now extended it to 500m. Drill intercepts confirm high grade mineralization from surface, consistent in width and grade to previous intercepts. The gold mineralized system remains open along strike and to depth.

The South Russell prospect is located just 2 km south of the Bibiani Process Plant. Highlights:- Recent drill intercepts include 21.5m down hole grading 3.37 g/t Au; of which 13.5m grades 5.05 g/t Footprint of gold mineralization now tested and confirmed amounts to approximately 500m strike length and remains open along strike and to depth. Assay results continue to confirm significant intercepts from surface.

All drill results are outside of the current mine plan mineral resource. Follow-up drill holes are planned to the south and north along strike of the recent intercepts Selected intercepts include: MGDD22-194 – 21.5m @ 3.37 g/t Au from 22.0m to 43.5m. Includes 13.5m @ 5.05 g/t Au from 24m to 37.5m.

MGDD22-182 - 14m @ 4.49 g/t Au from 216m to 230m. Includes 12m @ 5.20 g/t Au from 218m to 230m. MGRCD22-066 – 11.9m @ 3.22 g/t Au from 174.1m to 186m.

Includes 4m @ 7.53 g/t Au from 180m to 184m. MGRCD22-164 - 8m @ 3.36 g/t Au from 195m to 203m. MGDD22-105 - 7m @ 3.26 g/t Au from 171m to 178m.

MGDD22-119- 5m @ 3.62 g/t Au from 177m to 182m. MGDD22-103 - 10m @ 1.86 g/t Au from 181m to 191m.