Mr. Dave Anthony reports

ASANTE ANNOUNCES DIRECTOR CHANGES

Asante Gold Corp. has appointed Alireza Abbassi Monjezi to the company's board of directors and Mohammad Alothman has resigned as a director of the company, all with immediate effect.

Dr. Alireza Abbassi Monjezi is a United Kingdom national. He obtained his PhD in chemical engineering from the University of Surrey (U.K.) and commenced his career as an academic researcher with positions at Queen Mary University of London and the University of Edinburgh. He has multiple patents and publications in highly ranked international journals under his name. In 2023, Dr. Ali was listed by the U.K. Royal Academy of Engineering as one of the U.K.'s 274 engineering icons of all time. In 2019, his start-up was awarded as the top enterprise emerging from the University of Edinburgh, a university that is consistently ranked within the top 30 universities worldwide. He is a director and board member of Waterwhelm, a company that won the Scottish Edge Higg's Award as the top engineering/technology start-up in Scotland in 2021.

Malik Easah, executive chairman of Asante, stated: "We are pleased to announce the appointment of Alireza as Fujairah Holdings LLC's nominee. His experience in chemical engineering and water treatment as well as entrepreneurial talent and business acumen is welcomed by the board."

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, and continues with detailed technical studies at its Kubi gold project. 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.

About the Bibiani gold mine

Bibiani is an operating open-pit gold mine situated in the western north region of Ghana, with previous gold production of more than 4.5 million ounces. It is fully permitted with available mining and processing infrastructure on site consisting of a refurbished three-million-tonne-per-annum process plant and existing mining infrastructure. Asante commenced mining at Bibiani in late February, 2022, with the first gold pour announced on July 7, 2022. Commercial production was announced Nov. 10, 2022.

For additional information relating to the mineral resource and mineral reserve estimates for the Bibiani gold mine, please refer to the 2024 Bibiani technical report filed on the company's SEDAR+ profile.

About the Chirano gold mine

Chirano is an operating open-pit and underground mine located in the western region of Ghana, immediately south of the company's Bibiani gold mine. Chirano was first explored and developed in 1996, and began production in October, 2005. The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits, and the Akwaaba and Paboase underground mines.

For additional information relating to the mineral resource and mineral reserve estimates for the Chirano gold mine, please refer to the 2024 Chirano technical report filed on the company's SEDAR+ profile.

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