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File: NR - Apr 23 2019 PP Announcemnt.pdf

                                          NEWS RELEASE


                   Ashanti Sankofa Inc Announces Private Placement
Vancouver, BC, April 23, 2019 - Ashanti Sankofa Inc. ("Ashanti" or the "Company") (TSXV: ASI)
is pleased to announce that it is proceeding with a non-brokered private placement of up to 8,333,333 units
at a price of $0.03 for gross proceeds of $250,000 ("the Offering") pursuant to a discretionary waiver of the
$0.05 minimum pricing requirement granted by the TSX Venture Exchange (the "Exchange"). Each unit
will consist of one common share and one transferable share purchase warrant exercisable for a term of two
years at price of $0.05 per share.

Proceeds of the Offering will be used to pursue mining licences, mine site expenditures, hiring of
consultants and geologists, exploration work in Ghana, and general & administrative expenses for its head
office.

Closing of the Offering, which is expected to occur by May 18, 2019, is subject to a number of conditions,
including receipt of all necessary corporate and regulatory approvals, including that of the TSX Venture
Exchange.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months
plus a day from the date of issuance in accordance with applicable securities legislation.

On behalf of the Board,

Ronald Renee
Director and Interim CEO
+44-7957 989 609

rrenne@ashantisankofa.com

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
                             adequacy or accuracy of this release.

Statements included in this announcement, including statements concerning our plans, intentions and
expectations, which are not historical in nature are intended to be, and are hereby identified as "forward-
looking statements". Forward looking statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers
that forward-looking statements, including without limitation those relating to the Company's future
operations and business prospects, are subject to certain risks and uncertainties that could cause actual
results to differ materially from those indicated in the forward-looking statements. Readers are advised to
rely on their own evaluation of such risks and uncertainties and should not place undue reliance on
forward-looking statements. Any forward-looking statements are made as of the date of this news release,
and the Company assumes no obligation to update the forward-looking statements, except in accordance
with the applicable laws.




                                             Ashanti Sankofa Inc.
                                          #708, 1155 West Pender Street
                                      Vancouver, British Columbia V6M 2P4