Mr. Douglas MacQuarrie reports

BETANASE DRILLING TO COMMENCE, KUBI AREA, GHANA

Asante Gold Corp. plans to commence a diamond drilling program next week on the Betanase concession to test the strong gold-in-soil anomaly previously outlined by Perseus Mining (Ghana) Ltd. Betanase adjoins to the south of the AngloGold Ashanti/Randgold Resources Obuasi mining lease. The company plans to drill an initial four to six drill holes totalling 750 metres. Further updates and results will be provided as available. For a map of the proposed drill hole collars, please see the company's website.

The company is currently accepting subscriptions to the private placement announced on Sept. 4, 2015. The company is offering up to 10 million units, with each unit priced at 15 cents and consisting of one common share and one-half of a transferable share purchase warrant. The offering is being made to existing shareholders of the company as of Sept. 4, 2015, and to accredited investors. Please see the Sept. 4, 2015, news release for full details of the placement. In the event of a material change relating to drilling results, the offering may be cancelled or repriced.