Shares for Debt Announced

June 13, 2019

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Vancouver, British Columbia – June 13, 2019 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9) (“Asante” or the “Company”) announces that it has  reached an agreement to settle outstanding debt of C$132,687.50 to an arm’s length creditor by way of the issuance of 1,895,536 common shares of the Company at a deemed value of $0.07 per share.

The common shares issued will have a four (4) month and one day hold period from the date of distribution.

On behalf of the Board,
“Douglas R. MacQuarrie”
President and CEO

About Asante Gold Corporation
Asante is continuing to develop its Kubi Gold Mine project towards production, and is exploring its Keyhole, Fahiakoba and Betenase concessions/options for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Please see Asante Gold press release dated March 11, 2019 on SMD at: http://www.asantegold.com/news/asante-gold-explores-new-mining-technology-for-kubi-gold-project-ghana

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
Valentina Gvozdeva, Business Development, E-mail: valentina@asantegold.com
Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail:  frram@aon.net
Additional information is available on our web site at: www.asantegold.com
Further information on Kubi is available at: http://www.asantegold.com/projects/kubi-gold-mine

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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