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File: News Release - Nov 20 PP Extension.docx

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NEWS RELEASE
November 20, 2017


PRIVATE PLACEMENT EXTENSION


VANCOUVER, BC - November 20, 2017 Ashanti Gold Corp. ("Ashanti" or the "Company") - (TSXV: AGZ) announces that further
---> to its news releases dated October 11, 2017 and November 8, 2017, the TSX Venture Exchange has granted an extension t
--->o the deadline for filing final documentation for this private placement to December 21, 2017.

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

ABOUT ASHANTI GOLD 

Ashanti is a gold-focused, exploration and development company that targets projects where it has a competitive advant
--->age due to past work experience of the team and specific project know-how.  The Company is driving forward its 100%-ow
--->ned 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 B
--->elt project in Ghana, which are near-adjacent to the Akyem deposit.


On Behalf of the Board of Directors of
ASHANTI GOLD CORP.

"Tim McCutcheon"

Tim McCutcheon
CEO

For further information, please contact:
Ashanti Gold Corp.
2300 - 1177 West Hastings Street
Vancouver BC, V6E 2K3
Phone: 604-638-3847 



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX 
--->Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release and the 
--->information incorporated by reference herein, constitutes "forward looking information" within the meaning of applicab
--->le Canadian securities laws concerning the business, operations and financial performance and condition of Ashanti Gol
--->d Corp. (the "Company"). All statements, except for statements of historical fact, that address activities, events or 
--->developments that management of the Company expects or anticipates will or may occur in the future including the furth
--->er closing of the Offering, are forward looking statements. Forward looking information involves known and unknown ris
--->ks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to 
--->differ materially from any future results, performance or achievements expressed or implied by the forward looking inf
--->ormation. Such risks and other factors include, among others, operating and technical difficulties in connection with 
--->mineral exploration and development and mine development activities at the Project, including the geological mapping, 
--->prospecting and sampling program being proposed for the Project (the "Program"), actual results of exploration activit
--->ies, including the Program, estimation or realization of mineral reserves and mineral resources, the timing and amount
---> of estimated future production, costs of production, capital expenditures, the costs and timing of the development of
---> new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capit
--->al, future prices of precious metals, changes in general economic conditions, changes in the financial markets and in 
--->the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of 
--->plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining ind
--->ustry, delays in obtaining governmental approvals, permits or financing or in the completion of development or constru
--->ction activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency f
--->luctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending
---> litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the
---> integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's Man
--->agement Information Circular (December 2016) and as discussed in the annual management's discussion and analysis and o
--->ther filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's
---> profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward looking information. The Company undertakes no obligation
---> to update any of the forward looking information in this news release or incorporated by reference herein, except as 
--->otherwise required by law.