Mr. Tim McCutcheon reports

PRIVATE PLACEMENT EXTENSION

Ashanti Gold Corp., further to its news releases dated Oct. 11, 2017, and Nov. 8, 2017, has received an extension from the TSX Venture Exchange to the deadline for filing final documentation for this private placement to Dec. 21, 2017.

Proceeds from this financing will be used to finance exploration costs on the Kossanto East property in Mali, as well as finance the earn-in agreement on the Anumso property in Ghana, pursuant to the option agreement with Goldplat PLC announced on Sept. 15, 2016, as well as for general corporate purposes.

About Ashanti Gold Corp.

Ashanti is a gold-focused exploration and development company that targets projects where it has a competitive advantage due to past work experience of the team and specific project know-how. The company is driving forward its 100-per-cent-owned Kossanto East project in Mali on the prolific Kenieba belt of Mali, which hosts such deposits as Loulo, Fekola and Sadiola. Ashanti is also working to advance, together with its earn-in partners, the Anumso project and the Ashanti belt project in Ghana, which are near adjacent to the Akyem deposit.

We seek Safe Harbor.