Mr. Dave Anthony reports

ASANTE MOURNS THE DEATH OF BOARD MEMBER CARSTEN KORCH

Carsten Korch, a valued member of the Asante Gold Corp. board of directors, has passed.

Mr. Korch had been a director of the company since July, 2020. He served as a member of the company's audit committee and compensation, governance and nominating committee and led the ESG (environmental, social and governance) committee. Throughout his tenure, he made valuable contributions to the board.

A Danish national, Mr. Korch was a Peru-based entrepreneur with more than 30 years of experience in several sectors. In addition to serving on the board of directors of a number of mining companies, Mr. Korch had an illustrious career in tourism and the music industry and as a business coach and author of inspirational self-help books, including his most recent book, From Dreamer to Entrepreneur. In addition to mining, his business experience was extensive and spanned intellectual property, retail, investment and data-driven marketing.

Malik Easah, executive chairman of Asante, stated: "I am very saddened by Carsten's passing. He was a tremendous supporter of Asante and his contributions are significant. We offer our prayers and extend our deepest condolences to Carsten's family at this time."

Dave Anthony, chief executive officer of Asante, added: "Carsten's enthusiasm and positivity were inspiring. He challenged all of us to find a better path to success, in our personal lives and in our company. He will be deeply missed."

Frederick Attakumah, executive vice-president of Asante, also stated: "Carsten's unwavering commitment to sustainability has been instrumental in shaping Asante's values and direction. We will honour his memory by continuing steadfastly in our quest to make a positive impact on our planet and society."

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.