Asante Announces Correction to Press Release

Asante Announces Correction to Press Release

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VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) — Asante Gold Corporation (“Asante” or the “Company” CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) announces a correction to the voting numbers and percentages included in its press release announcing the results of its annual general meeting of shareholders (the “Meeting“) held yesterday, April 23, 2024. The press release provided voting results from proxies received and did not include ballot results at the Meeting. The Company confirms that all matters presented for approval by management were duly authorized and approved. Corrected detailed voting results of the Meeting are as follows:

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Resolution Votes For Votes Against Votes Withheld
Fixing the Number of Directors
at Nine
276,119,224
(95.77%)
12,186,877
(4.23%)
Nil
Appointment of Auditors 288,064,317
(99.92%)
Nil 241,784
(0.08%)

Detailed voting results regarding the election of directors are as follows:

Name Outcome of Vote Votes For Votes Withheld
Bashir Akwasi Ahmed Elected 287,655,682
(99.89%)
310,749
(0.11%)
Mohammad S A A Alothman Elected 268,213,707
(93.14%)
19,752,724
(6.86%)
David Anthony Elected 275,567,492
(95.69%)
12,398,939
(4.31%)
Malik Easah Elected 275,915,389
(95.82%)
12,051,042
(4.18%)
Alex Heath Elected 268,495,492
(93.24%)
19,470,939
(6.76%)
Edward Koranteng Elected 267,340,157
(92.84%)
20,626,274
(7.16%)
Carsten Korch Elected 275,450,889
(95.65%)
12,515,542
(4.35%)
Roger Norwich Elected 275,450,889
(95.65%)
12,515,542
(4.35%)
Alexander Smirnov Elected 268,218,707
(93.14%)
19,747,724
(6.86%)

Further details on the above matters are set forth in the Company’s meeting materials, including the Circular, are accessible under the Company’s issuer profile on SEDAR at www.sedarplus.ca. The Company has also filed a report of voting results on all resolutions voted on at the Meeting under the Company’s issuer profile on SEDAR at www.sedarplus.ca.

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About Asante Gold Corporation

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. Additional information is available on the Company’s website at www.asantegold.com.

About the Bibiani Gold Mine

Bibiani is an operating open pit gold mine situated in the Western North Region of Ghana, with previous gold production of more than 4.5 million ounces. It is fully permitted with available mining and processing infrastructure on-site consisting of a newly refurbished 3 million tonne per annum process plant and existing mining infrastructure. Asante commenced mining at Bibiani in late February 2022 with the first gold pour announced on July 7, 2022. Commercial production was announced November 10, 2022.

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For additional information relating to the mineral resource and mineral reserve estimates for the Bibiani Gold Mine, please refer to Asante’s press releases dated July 18, 2022 and September 1, 2022 and the technical report filed on its SEDAR profile (www.sedarplus.ca) on September 1, 2022.

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About the Chirano Gold Mine

Chirano is an operating open pit and underground mine located in the Western Region of Ghana, immediately south of the Company’s Bibiani Gold Mine. Chirano was first explored and developed in 1996 and began production in October 2005. The mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines.

For additional information relating to the mineral resource and mineral reserve estimates for the Chirano Gold Mine, please refer to Asante’s press releases dated October 15, 2022 and May 15, 2023 and the technical report filed on its SEDAR profile (www.sedarplus.ca).

For further information please contact:

Dave Anthony, President & CEO
Frederick Attakumah, Executive Vice President and Country Director

info@asantegold.com
+1 604 661 9400 or +233 303 972 147

LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.


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