Asante Incorporated : GOLD - CAD$5.0 MILLION PLACEMENT OVERSUBSCRIBED ADDITIONAL CAD$2.0 MILLION ACCEPTED MALIK EASAH APPOINTED EXECUTIVE DIRECTOR KUBI GEOTECH DRILL RESULTS 7.47 GT OVER 30.0M

Vancouver - Asante Gold Corporation (CSE:ASE/ FRANKFURT: 1A9/ U.S.OTC: ASGOF) ('Asante' or the 'Company') announces that assays have been received for the first hole of a three-hole geotechnical drill program at our Kubi Gold project in Ghana.

DDHK21-001was collared approximately 100m to the north of the Kubi Pit, near the middle of the 1Kubi Main Mineral Resource. On this section gold mineralization has been previously outlined to a depth of 450m, the gold is free milling, and occurs within a near vertical 1km long by 1m to 15m thick shear bounded 'garnet' zone. Gold is associated with up to 30% garnet and 15% sulfide mineralization and as coarse gold in late quartz veins.

About Asante Gold Corporation

Asante has announced plans to co-list its shares on the Ghana Stock Exchange, and is sourcing funding to develop its Kubi Gold Mine project to production. Asante is also 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.

Contact:

Douglas MacQuarrie

Tel: [phone]

Email: [e-mail]

(C) 2021 Electronic News Publishing, source ENP Newswire