Correction To Pricing On One Year Extension To Expiry Date Of Warrants

October 16, 2018

Vancouver, British Columbia – October 16, 2018 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/OTC:ASGOF) (“Asante Gold” or the “Company”) wishes to correct its previous announcement that the Company has extended the expiry date of 1,160,821share purchase warrants for an additional year.All warrants, including warrant series US-WA-2016-OCT 2016 – W005, 006 are exerciseable at the original strike price of $0.25 not $0.15 as reported. All the other terms and exercise conditions of the warrants remain the same as issued.

WARRANT SERIES NUMBER

NUMBER OF WARRANTS IN SERIES

EXERCISE PRICE (unchanged)

ORIGINAL EXPIRY DATE

NEW EXPIRY DATE

Oct 2016-W-001 to 004; 007

962,655

$0.25

20 OCT 2018

20 OCT 2019

Oct 2016-AW-001, 002

98,166

$0.25

20 OCT 2018

20 OCT 2019

US-WA-2016-OCT 2016 – W005, 006

100,000

$0.25

20 OCT 2018

20 OCT 2019

On behalf of the Board

“Douglas R. MacQuarrie”

President and CEO

For further information please contact:

Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: douglas@asantegold.com

Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail:d.kent@eastlink.ca

Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail:frram@aon.net

Valentina Gvozdeva, Business Development, E-mail: valentina@asantegold.com

Additional information is available on our web site at:www.asantegold.com

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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