Asanko Gold Strengthens Executive Management Team

Vancouver,  British  Columbia,  March  26,  2014  –  Asanko  Gold  (“Asanko”)  (TSX,  NYSE  MKT:  AKG)  is  pleased  to announce  changes  and  additions  to  its  Executive  Management,  as  it  strengthens  the  team  in  preparation  of an   investment   decision   in   Q3   2014   to   commence   construction   of   Phase   1   of   the   Asanko   Gold   Mine (“AGM”),  its  flagship  project  in  Ghana.

The  Company  has  added  depth  to  its  technical  team  with  the  appointment  of  Rob  Sherwen-­‐Slater  as  Mining Executive,   who   will   be   based   in   the   Projects   office   in   Johannesburg.     Rob   has   over   20   years   of   mining experience  in  operational,  project  management  and  executive  roles  in  Africa  and  Australia.  Most  recently Rob   was   Group   Executive   Mining   for   Coffey   International   based   in   Australia.   Prior   to   that   he   was Operations  Director  for  Norilsk  Nickel  in  Australia,  Projects  Director  for  LionOre  Mining  in  Africa  and  Chief Mining  Engineer  for  JCI  Projects.

Mike   Gloyne,   former   Chief   Operating   Officer   of   PMI   Gold   has   been   retained   by   the   Company   on   a temporary  basis  to  assist  with  the  integration  of  PMI’s  assets  into  Asanko.    In  addition,  Tony  Devlin,  Chief Operating  Officer  of  Asanko,  has  resigned  and  taken  early  retirement.

Josephat  (Joe)  Zvaipa  has  been  appointed  Managing  Director  –  Ghana  and  will  be  based  in  Ghana.      Dr.  Ben Adoo,  formerly  Managing  Director  and  Chairman  of  the  Company’s  Ghanaian  subsidiary,  will  retain  the  full-­‐ time  role  of  Executive  Chairman  in  Ghana.    Joe  has  over  25  years  of  experience  in  operations  management, human   resources,   training   and   development.   During   his   career,   he   has   held   positions   as   Operations Executive   at   Zimasco   in   Zimbabwe,   one   of   Africa’s   largest   integrated   ferrochrome   producers,   Head   of Training  and  Development  at  the  Hwange  Colliery,  Zimbabwe’s  largest  coal  producer  and  Head  of  HR  at LionOre   Mining’s   Africa   division,   until   its   acquisition   by   Norilsk   Nickel.     Most   recently   he   was   Head   of Organizational  Capability  at  Asanko.

To  fill  the  role  left  by  Mr.  Zvaipa’s  move  to  Ghana,  the  Company  has  hired  Frans  de  Bruyn  as  Organizational Capability   Executive,   who   will   based   in   Johannesburg.     Frans   has   extensive   human   resources   and organizational   development   experience.   He   has   held   senior   managerial   positions   in   South   Africa   and Australia  with  a  number  of  mining  and  mining  services  companies,  including  Anglo  American,  Rio  Tinto  and Snowden.  During  the  past  20  years,  he  has  focused  on  business  readiness  and  capability  development  and worked   as   a   consultant   with   Asanko,   Mantra   Resources,   LionOre   Mining,   Rio   Tinto,   BHP   Billiton,   BCL, Mimosa  Mining  Company  and  Zimasco.    He  holds  a  Doctorate  in  Psychology.

Commenting   on   the   announcement   Peter   Breese,   President   and   CEO,   said   “The   Executive   Management   structure  has  been  designed  around  the  capabilities  required  for  a  high  performance  business  to  deliver  our   vision  of  becoming  a  mid-­‐tier  gold  producer.      

I  am  delighted  to  welcome  Rob  and  Frans  to  the  team.  I  believe  we  have  put  together  a  highly  skilled  and   appropriately  experienced  Executive  Management  Team  with  a  proven  track  record  of  operating  in  Africa   and  delivering  projects  on  schedule  and  within  budget.      

I  would  like  to  thank  Tony  for  the  key  role  he  has  played  in  building  Asanko  over  the  past  eighteen  months   and,  in  particular,  for  implementing  our  comprehensive  stakeholder  engagement  plan  in  Ghana,  which  is   critical  to  our  social  license  to  operate.  On  behalf  of  the  team,  I  wish  him  well.”  

Executive  Management  Team  Biographies  

With  the  addition  of  Rob  Slater  and  Frans  de  Bruyn,  the  Company  has  rounded  out  its  Executive  Team  in line  with  its  vision  of  becoming  a  mid-­‐tier  gold  producer.    Other  current  executive  team  members  are  as follows:

Peter  Breese,  Director,  President  &  CEO  

Mr.   Breese   has   over   25   years   operational   experience   in   the   global   mining   industry,   predominantly   in southern  Africa  (South  Africa,  Botswana,  Tanzania  and  Zimbabwe)  and  Australia.  Prior  to  joining  Asanko,  he was  most  recently  CEO  of  Mantra  Resources,  before  its  US$1  billion  acquisition  by  ARMZ,  the  wholly  owned subsidiary  of  the  Russian  State  Corporation  for  Nuclear  Energy  and  Chief  Executive  of  Norilsk  International, following  its  US$6  billion  acquisition  of  LionOre,  where  he  was  Chief  Operating  Officer.  Peter  has  also  held senior  executive  and  Board  positions  with  Impala  Platinum  Holdings,  Mimosa  Mining  Company,  Zimasco and  BCL.  He  is  currently  a  Director  of  TSX  listed  Coalspur  Mines  Limited  and  holds  a  PMD  from  Harvard Business  School.

Greg  McCunn,  CFO  

Mr.  McCunn  has  been  the  CFO  of  Asanko  for  three  years  and  has  over  20  years  of  experience  in  the  mining industry.  His  background  includes  technical,  operational,  corporate  development  and  financial  roles  with Teck,  Placer  Dome  and  several  junior  mining  companies  in  Canada  and  Australia.  Most  recently  he  was  CFO of  Farallon  Mining,  during  which  time  the  company  constructed  and  commissioned  the  G-­‐9  mine  in  Mexico and  was  subsequently  acquired  by  Nyrstar.  Greg  holds  a  Master's  degree  in  Business  Administration  as  well as  a  Bachelor  of  Applied  Science  in  Metallurgical  Engineering.

Dr  Ben  Adoo,  Executive  Chairman  –  Ghana    

Dr.  Adoo  is  a  mining  engineer  and  has  almost  four  decades  experience  in  Ghana.  He  was  former  Managing Director,  Ghana  Bauxite  Co.,  a  subsidiary  of  Alcan,  former  General  Manager  of  Prestea,  Tarkwa  and  Dunkwa Goldfields  in  Ghana  and  is  a  past  President  and  Honorary  Member  of  Council  of  the  Ghana  Chamber  of Mines.     Dr.   Adoo   has   also   acted   as   a   representative   of   Ghana's   mining   community   on   many   occasions, including  a  recent  role  with  the  World  Bank  study  on  "The  Mining  Sector  and  Business  Sector  Development in  Burkina  Faso".    He  graduated  from  the  Camborne  School  of  Mines  and  holds  a  Masters  in  Engineering.

Hugo  Truter,  Projects  Executive  

Mr.  Truter  is  a  mechanical  engineer  and  holds  a  bachelor  of  commerce  degree  in  management.    He  has over  25  years  experience  of  project  and  operational  management  in  Africa  and  has  worked  in  the  gold, base   metals,   platinum   and   diamond   sectors.   Most   recently   he   was   Manager,   Engineering   for   Mantra Resources’  Mkuju  River  Project  in  Tanzania  before  its  acquisition  by  ARMZ,  the  wholly  owned  subsidiary  of the  Russian  State  Corporation  for  Nuclear  Energy.    Prior  to  this,  Hugo  held  a  number  of  senior  roles  at  Tati Nickel   in   Botswana,   one   of   LionOre   Mining’s   major   mining   operations,   including   Head   of   Engineering, Project  Manager  of  the  DMS  plant,  one  of  the  world's  largest  and  acted  as  General  Manager  of  Tati  for  two years.

Rob  Sherwen-­‐Slater,  Mining  Executive  

Mr.   Sherwen-­‐Slater   has   over   20   years   of   mining   experience   in   operational,   project   management   and executive   roles   in   Africa   and   Australia.   Most   recently   Rob   was   Group   Executive   Mining   for   Coffey International   based   in   Australia.   Prior   to   that   he   was   Operations   Director   Australia   for   Norilsk   Nickel, Projects   Director   for   LionOre   Mining   and   Chief   Mining   Engineer   for   JCI   Projects.   In   addition   to   these corporate  roles,  Rob  has  had  significant  experience  as  a  professional  mining  consultant  in  numerous  parts of  the  world.

Ed  Munnik,  Metallurgical  Executive  

Mr.   Munnik   has   over   30   years   of   experience   working   in   Africa   in   the   gold,   nickel,   uranium,   copper   and cobalt  sectors.  During  his  career,  he  was  COO  of  Chambishi  Metals,  a  copper  and  cobalt  smelting,  leaching, refining  and  electro  winning  facility  in  Zambia,  Metallurgical  Executive  at  LionOre  Mining’s  Africa  division and  most  recently  Metallurgy  Manager  at  Mantra  Resources,  where  he  managed  the  process  aspect  of  the Definitive  Feasibility  Study  for  the  Mkuju  River  Project.  Ed  holds  a  Bachelor  of  Science  degree  in  Chemical Engineering  and  a  Bachelor  of  Commerce  degree.

Fausto  Di  Trapani,  Finance  Executive  

Mr.   Di   Trapani   is   a   Chartered   Accountant   with   over   16   years   auditing,   accounting   and   information technology   experience.   During   this   time,   he   has   held   a   number   of   financial   management   roles   at   BHP Billiton  and  Norilsk  Nickel  International.    More  recently  Fausto  was  Financial  Controller:  Africa  at  Mantra Resources   where   he   was   responsible   for   managing   the   financial   evaluation   of   the   Mkuju   River   Project Definitive   Feasibility   Study   and   formulating   the   National   Investment   Steering   Committee   tax   incentive package.  He  holds  an  Honours  Bachelor  of  Accounting  Sciences  degree.

Josephat  Zvaipa,  Managing  Director,  Ghana  

Mr.  Zvaipa  has  over  25  years  of  experience  in  Operations,  Human  Resources,  Training  and  Development. During   his   career,   he   has   been   Operations   Executive   at   Zimasco   in   Zimbabwe,   one   of   Africa’s   largest integrated  ferrochrome  producer,  Head  of  Training  and  Development  at  the  Hwange  Colliery,  Zimbabwe’s largest  coal  producer  and  Head  of  HR  at  LionOre  Mining’s  Africa  division,  until  its  acquisition  by  Norilsk Nickel.    Most  recently  Joe  was  Head  of  Organizational  Capability  at  Asanko.

Enquiries:  

For  further  information  please  visit  www.asanko.com  or  contact:

Alex  Buck,  Manager  –  Investor  Relations   Greg  McCunn,  Chief  Financial  Officer Telephone:  +44-­‐7932-­‐740-­‐452   Telephone:  +1-­‐778-­‐729-­‐0604 Email:  [email protected]   Email:  [email protected]

General  enquiries:  [email protected]

About  Asanko  Gold  Inc.  

Asanko’s  vision  is  to  become  a  mid-­‐tier  gold  mining  company  that  maximizes  value  for  all  its  stakeholders. Asanko’s   flagship   project   is   the   fully   financed,   multi-­‐million   ounce   Asanko   Gold   Mine   Project   located   in Ghana,  West  Africa.

Asanko  is  managed  by  highly  skilled  and  successful  technical,  operational  and  financial  professionals.  The Company   is   strongly   committed   to   the   highest   standards   for   environmental   management,   social responsibility,  and  health  and  safety  for  its  employees  and  neighbouring  communities.