Mr. Dave Anthony reports

ASANTE PROVIDES FURTHER UPDATE ON UPCOMING SHAREHOLDER MEETING AND THE AVAILABILITY OF PROXY MATERIALS

Asante Gold Corp. is reminding shareholders that, in light of the suspension of all postal service in Canada by Canada Post as a result of a labour action commenced by the Canadian Union of Postal Workers that commenced on Sept. 25, 2025, all proxy-related materials for the coming meeting of shareholders have been filed on SEDAR+ under the company's issuer profile and have also been posted to the company's website. Certain key information in respect of the meeting is as follows.

Date, time and location of the meeting:

• Date and time: The meeting will be held on Tuesday, Oct. 21, 2025, at 10 a.m. Toronto time.
• Location: in person at 100 King St. West, Suite 3400, Toronto, Ont., Canada, M5X 1A4.

Matters to be voted on at the meeting

In addition to receiving the company's audited consolidated financial statements for the financial years ended Jan. 31, 2025, and 2024, together with the related auditor's report thereon, shareholders will be invited to vote on the following matters at the meeting:

1. To fix the number of directors of the company for the ensuing year at seven;
2. To elect directors of the company for the ensuing year;
3. To appoint the auditor of the company for the ensuing year and to authorize the directors of the company to fix the remuneration of the auditor;
4. To consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution of shareholders approving and ratifying the company's omnibus equity incentive plan, and all unallocated options, rights and entitlements thereunder;
5. To consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution of shareholders approving and ratifying the company's employee share purchase plan; and
6. To transact such other business as may properly be brought before the meeting or any adjournment or postponement thereof.

Access to documents

Due to the continuing strike, there is some uncertainty regarding the company's ability to deliver all proxy-related materials to shareholders residing in Canada in advance of the meeting. Accordingly, the company encourages shareholders to access the form of proxy, voting instruction form, management information circular and other proxy-related documents electronically on SEDAR+ under the company's issuer profile and on the company's website. The strike is not expected to impact the delivery of meeting materials by courier to non-Canadian shareholders. The company encourages all shareholders to review these meeting materials.

Shareholders may also access copies of the company's financial statements for the years ended Jan. 31, 2025, and 2024, and the related management's discussion and analysis electronically on SEDAR+ under the company's issuer profile and on the company's website.

Instructions for registered shareholders

If your common shares of Asante are represented by a physical certificate or direct registration system advice, you may vote your shares as follows:

• Internet: To vote your shares through the Internet, go to the Investor Vote website and enter the 15-digit control number printed on your form of proxy and follow the instructions on the screen.
• Telephone: To vote your shares by telephone, call 1-866-732-8683 (toll-free).
• Proxy: To vote your shares by proxy, you must complete, date and sign a form of proxy and return it by hand, by courier (other than Canada Post) or by fax to Computershare Investor Services Inc. in accordance with the instructions set out in the form of proxy. Shareholders voting by proxy must do so no later than Friday, Oct. 17, 2025, at 10 a.m. Toronto time, provided, however, that the company will waive such proxy cut-off time and accept votes submitted by proxy thereafter as and to the extent required by Coordinated Blanket Order 51-932 (as defined below).

Instructions for beneficial shareholders

If your shares are held by or registered in the name of a bank, trust company, securities dealer or broker, trustee, clearing agency, or other similar intermediary, please contact such intermediary and follow their instructions to ensure your shares are properly voted at the meeting.

Assistance

For assistance in obtaining control numbers and submitting votes or to request copies of any meeting materials, shareholders may contact the company's proxy solicitation agent, Laurel Hill Advisory Group, at 1-877-452-7184 toll-free in North America or call collect outside of North America at 416-304-0211 or by e-mail at assistance@laurelhill.com.

Shareholder may also request assistance or copies of meeting materials by contacting Computershare Investor Services Inc., the company's transfer agent and registrar, by e-mail at service@computershare.com or by telephone at 1-800-564-6253.

The meeting will be held on Oct. 21, 2025, and votes must be submitted by 10 a.m. Toronto time on Friday, Oct. 17, 2025, provided, however, that the company will waive such proxy cut-off time and accept votes submitted by proxy thereafter as and to the extent required by Coordinated Blanket Order 51-932.

Exemption

The company has satisfied all of the conditions to rely, and is relying, on the exemption from the requirement to send proxy-related materials in the Canadian Securities Administrators' Coordinated Blanket Order 51-932.

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 TSX Venture Exchange and the Ghana 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.

We seek Safe Harbor.