One Year Extension to Expiry Date of Warrants

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

FOR IMMEDIATE RELEASE

Vancouver, British Columbia – January 22, 2014 – Asante Gold Corporation (TSX.V:ASE/ FRANKFURT:1A9) (the "Company") announces that, subject to TSX Venture Exchange approval, the Company has extended the expiry date of 2,000,000 share purchase warrants, exercisable at a price of $0.70 per share for two years, for an additional year to February 28, 2015.

On behalf of the Board, "Douglas R. MacQuarrie"

President & CEO

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’s Golden Triangle between Perseus’ Edikan mine, and AngloGold Ashanti’s Obuasi mine.

For further information please contact:

Douglas MacQuarrie, President, tel: +1 604-558-1134; E-mail: [email protected] Jag Sandhu, Director, Corporate Development, tel: +1 604-306-1950 Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: [email protected] Kirsti Mattson, Media Relations, tel: +1 778-434-2241; E-mail: [email protected] Europe: Florian Riedl-Riedenstein, Director, tel: +43 2774 28814; E-mail: [email protected]

This news release may contain 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. We Seek Safe Harbour.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.