News Column

Asante Gold Corporation - Working Capital Private Placement Increased

July 1, 2014

ENP Newswire - 01 July 2014

Release date- 27062014 - Vancouver, British Columbia - Asante Gold Corporation (TSX.V:ASE/ FRANKFURT:1A9) announces that it has increased the working capital private placement offering announced on May 15, 2014 up to a maximum of $550,000.

The offering will now consist of up to 7.333 million units @ $0.075 per unit. Each unit is comprised of one common share of the Company and one-half of a callable share purchase warrant.

Each full warrant will be exercisable into one common share of the Company at a price of $0.15 for a period of two (2) years, with a provision that should the shares trade on the TSX Venture Exchange at $0.25 or higher for 20 consecutive trading days the warrant holder would have 30 days to exercise the warrant or they would expire. All securities purchased under this offering will be subject to a four month and one day hold period.

It is expected that the closing of the offering will occur on or about July 11, 2014 (the 'Closing Date') and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange.

About Asante Gold Corporation

Asante Gold Corporation (TSX.V:ASE/FRANKFURT:1A9) is a Vancouver based gold company, exploring the Fahiakoba Concession located in the centre of Ghana'sGolden Triangle between Perseus Mining's Edikan mine, and AngloGold Ashanti's Obuasi mine.


Douglas MacQuarrie

Tel: +1 604-558-1134


Jag Sandhu

Tel: +1 604-306-1950

This news release contains forward-looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements.

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Source: ENP Newswire

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