Mr. Dave Anthony reports

ASANTE ANNOUNCES MANAGEMENT CHANGE

Chief financial officer Jon Grygorcewicz has left Asante Gold Corp. for personal reasons.

The company has selected a candidate to succeed Mr. Grygorcewicz as chief financial officer following a confidential recruitment process and expects to announce the appointment in due course. Until then, Dindiok Chialin, deputy chief financial officer of Asante, will serve as interim chief financial officer. Mr. Grygorcewicz has also agreed to serve as a senior financial consultant to Asante to support a smooth transition.

As deputy CFO, Mr. Chialin leads group operating and financial reporting. He is an integral member of the team responsible for developing and executing the company's financial strategy. Mr. Chialin is a member of the Institute of Chartered Accountants Ghana (ICAG) and holds an MBA in finance from the Ghana Institute of Management and Public Administration (GIMPA) and a bachelor of arts degree in accounting and psychology from the University of Ghana.

David Anthony, chief executive officer of Asante, stated: "We would like to thank Jon for his significant contribution to Asante during the company's transition from an early-stage exploration company to a mid-tier gold producer. With his diligence and implementation of robust internal processes, the company has developed a strong accounting team and framework. We wish Jon the best in future endeavours focused on family and semi-retirement at his home in Australia."

About Asante Gold Corp.

Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano gold mines with combined forecast production of approximately 400,000 ounces of gold for 2023. The company continues with detailed technical studies at its Kubi gold project leading to production. All mines and exploration projects are located on the prolific Bibiani and Ashanti gold belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The company is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle.

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