News Column

Asante Gold Corporation - Goknet Obotan Royalty Transaction not Proceeding Private Placement Cancelled

August 29, 2014

ENP Newswire - 29 August 2014

Release date- 28082014 - Vancouver, British Columbia - Asante Gold Corporation (TSX.V: ASE/ FRANKFURT: 1A9) announces that it has received notice from Goknet Mining Company Limited of Accra, Ghana that it has entered into a settlement agreement with Asanko Gold Inc. which eliminates Goknet's claim for a 2% net smelter return royalty on Asanko's Asanko Gold Mine and that the proposed royalty transaction with the Company announced on November 8, 2012 is cancelled.

In addition, the Company announces that the private placement funding of up to $550,000 announced on May 15, 2014 as amended June 27, 2014, will not be proceeding.

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.


Asante Gold Corporation

Douglas MacQuarrie

President and CEO

Tel: +1 604-558-1134


Jag Sandhu


Corporate Development

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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