Asante Provides 2026 Guidance And Operating Update

Vancouver, British Columbia, 7 August 2026 – Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or the “Company”) is pleased to provide production and cost guidance for full-year 2026, together with an update on operational initiatives at the Bibiani and Chirano Gold Mines.

HIGHLIGHTS

• Strategic operating review has yielded an operating plan for the next 12 months and beyond that is set to deliver a more efficient, predictable and sustainable gold production platform.
• Full-year 2026 gold production is expected to be 275,000 – 300,000 ounces at an All-In-Sustaining-Cost (“AISC”) of US$3,200 – US$3,600 per ounce.
• Substantially higher production and lower costs during H2 2026 (weighted to Q4) are expected to be driven by progressive access to higher-grade material at Bibiani in the northern base of Main Pit.
• Layered program of initiatives in implementation across both operations spanning mining, processing, capital projects and supply chain to enhance production and reduce costs, with approximately US$50 million of previously planned capital expenditure already deferred or cancelled, and further initiatives targeting continued cost efficiency through H2 2026 and into 2027.
• Updated NI 43-101 Mineral Resource and Reserve disclosures for Bibiani and Chirano (see news release dated 5 August 2026) evidence the expected longer-term potential of both operations.

Campbell Baird, Acting Chief Executive Officer of Asante, commented:

“The first half of 2026 has been characterised by significant investment in mining capacity, operational infrastructure and process plant improvements across both operations. While the entire Asante team recognizes there remains considerable work ahead, we believe the business is beginning to transition from establishing its operational platform to consistently delivering the benefits of those investments.

“We recognize that sustainable improvement is not measured by the completion of projects alone, but by consistently delivering safe, reliable operating performance and stronger financial outcomes.  Our focus is firmly on disciplined execution, accountability and delivery of the operational and financial results enabled by the substantial investments made across both of our operations.  At a granular level, this translates to delivering predictable gold production, continued improvement in metallurgical recoveries and plant utilization, reduction of operating costs through increased operational discipline and efficiency and delivering strengthened free cash flow generation.”

GROUP OUTLOOK

Over the past four months, new management has prioritized stabilizing production across the Chirano and Bibiani operations, while undertaking a comprehensive review of mining and processing activities, capital projects and operating costs……