Mr. Douglas MacQuarrie reports

ASANTE GOLD CORPORATION ANNOUNCES DRILL TARGETS OUTLINED AT BETANASE, KUBI AREA, GHANA

Asante Gold Corp. has completed a program of ground geophysics at Betanase, covering the strong gold in soil anomaly previously outlined by Perseus Mining (Ghana) Ltd. The surveys consisted of induced polarization, resistivity and fixed-source VLFEM on 14 lines at 100 metres line spacing.

The surveys have outlined a 150 m to 200 m wide NNE-trending shear zone co-incident with highly anomalous gold in soil anomalies ranging from 100 to over 3200 parts per billion of gold. A 750 m long section of the shear displays anomalous induced polarization responses typical of Ashanti-type sulphide mineralized auriferous reef systems. The maximum IP response (32 milliseconds) is co-incident with a soil sample grading of 962 ppb Au. One of the conductors interpreted from the fixed-source VLF-EM survey has a length of 1 kilometre and is co-incident over its entire length with anomalous gold in soil values ranging from 60 to 1530 ppb Au. As a result of these strong results, a drill program to test the anomalies is planned, subject to available funding.

A map of the survey results is available on the company's website.

The company also announces that it will use its best efforts to raise up to $1.5-million by the private placement of up to 10 million units of the company. Each unit is priced at 15 cents and consists of one common share and one-half of a transferable share purchase warrant.

The offering will be made to existing shareholders of the company in Canada (in which the exemption for the sale of securities to existing shareholders has been approved) to a maximum of $15,000 per shareholder, unless the shareholder has obtained advice regarding the suitability of the investment from a registered investment dealer (in the jurisdiction the shareholder is resident), and to accredited investors, at the price of 15 cents per unit. There is no minimum subscription. Each full warrant will be exercisable into one common share of the company at a price of 30 cents for a period of two years, with a provision that should the shares trade on the Canadian Stock Exchange at 35 cents or higher for 20 consecutive trading days the warrant holder would have 30 days to exercise the warrant or they would expire. In the event of an oversubscription, existing shareholders will be given priority and will be filled on a pro rata basis. A subscriber must have held shares as of Sept. 4, 2015, in order to subscribe to the offering. Subscription agreements are available from the company and will be available for download from the company's web site.

Certain directors and officers of the company may acquire securities under the private placement. Any such participation would be considered to be a related party transaction as defined under Multilateral Instrument 61-101. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to or the consideration paid by such persons will exceed 25 per cent of the capitalization.

Proceeds from the private placement will be used for working capital, with $500,000 applied to debt. A finder's fee may be payable on the accredited investor portion of the offering. All securities purchased under this offering will be subject to a four-month-and-one-day hold period.

Scientific and technical information contained in this news release was supervised, reviewed and approved by Douglas R. MacQuarrie, PGeo (B.C.) geology and geophysics, the president and chief executive officer of the company, who is a qualified person under National Instrument 43-101. The IP survey array utilized was pole-dipole with an ''a'' spacing of 50 m, an ''n'' spacing one to four and a 25 m station spacing.

We seek Safe Harbor.