Mr. Malik Easah reports

ASANTE GOLD ANNOUNCES MANAGEMENT CHANGE

David Wiens has resigned as chief financial officer of Asante Gold Corp. to pursue another opportunity, effective Aug. 14, 2026.

Mr. Wiens has served as CFO of the company since August, 2023. Under his leadership, the company executed approximately $1-billion (U.S.) of innovative financing transactions to support the company's growth and strengthen its balance sheet, while transforming its shareholder register and maturing its finance function.

Malik Easah, executive chairman, stated: "On behalf of the board, I would like to sincerely thank David for his outstanding service to Asante over the last three years. In particular, his leadership in securing long-term financing and new strategic partners has been instrumental to the company's development. We wish him well in his future endeavours."

Mr. Wiens stated, "It has been an honour to play a part, alongside my Ghanaian friends and colleagues, in the development of Asante over the last three years."

A search for a new CFO has been initiated, with an appointment to be announced in due course. In the interim, after the departure of Mr. Wiens, Dindiok Chialin, vice-president finance and deputy chief financial officer, will act as interim CFO.

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, the Ghana Stock Exchange, the Frankfurt Exchange and the OTCQX Best Market. 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.