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ASE.V ·

Asante GOLD Announces Appointment of Chief Development Officer

Management Changes

ASANTE GOLD ANNOUNCES APPOINTMENT OF

CHIEF DEVELOPMENT OFFICER

Vancouver, British Columbia, June 4, 2026 – As ante Gold Corporation (TSX.V:ASE | GSE:ASG |

OTCQX:ASGOF) (“Asante” or the “Company”) is pleased to announce the appointment of Glenn

Baldwin, as Chief Development Officer of the Company.

Mr. Baldwin is a commercially focused mining execu tive with more than 30 years of international

experience across enterprise development, operations and strategic leadership. He has held senior executive

roles across Africa, the Middle East, Asia, Australia and South America and brings significant expertise in

corporate strategy, business development, transfor mation programmes, capital allocation and operational

turnaround initiatives.

Glenn joins Asante from BGN International, where he served as Head of Mining, establishing a new mining

business to support the company's expansion into criti cal minerals. He has previously served as Chief

Executive Officer of several mining companies, includi ng Consolidated Minerals in Ghana and Yilmaden

Holding, with operations across more than a dozen coun tries. Earlier in his career, Glenn held senior roles

at Gold Fields, where he oversaw 1.7 Moz of annua l gold production across a global portfolio, served as

Chief Operating Officer of Ivanhoe Nickel & Platinum, and well as technical and development positions at

Anglo American and Ma'aden Gold & Base Metals. He has a strong track record of leading operational

turnarounds, raising capital and executing acquisitions.

As Chief Development Officer, Glenn will be based in Ghana, working alongsid e the CEO and the site

teams at the Company’s operations. In the near term his focus will be operational: leading the turnaround

and performance improvement of the Bibiani and Chirano mines, where consistent, predictable production

is the Company’s immediate priority. In practice his development and operational responsibilities will be

one and the same for the foreseeable future. Alongside this, Glenn will begin adva ncing the Kubi project

toward production, and over time will lead Asante’s broader growth agenda; developing the projects and

opportunities that build long-term value, with disciplined capital allocation across the business.

Malik Easah, Executive Chairman of Asante, stated, “We are delighted to welcome Glenn to Asante. His

appointment strengthens our leadership at exactly th e right time. Our immediate priority is delivering

consistent, reliable production from Bibiani and Chira no, and Glenn brings deep operational experience

and a strong track record of leading mining turnarounds, including here in Ghana. He is well placed to work

alongside Campbell and the team to lift the performan ce of our operations, and in time to develop the

opportunities that will build lasting value for all of our shareholders.”

About Asante Gold Corporation

Asante is a gold exploration, development and operating company with a high-quality portfolio of projects

and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with

detailed technical and development studies at its Kubi Gold Project. All mines and exploration projects are

located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine

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finders, builders and operators, with extensive expe rience in Ghana. The Company is listed on the TSX

Venture Exchange, the Ghana Stock Exchange and the US OTCQX Best Market. Asante is also exploring

its Keyhole, Fahiakoba and Betenase projects for new di scoveries, all adjoining or along strike of major

gold mines near the centre of Ghan a's Golden Triangle. Additional information is available on the

Company’s website at www.asantegold.com.

Contact Information

Frederick Attakumah, Executive Vice President and Country Director

[email protected]

+1 604 661 9400 or +233 303 972 147

Cautionary Statement on Forward-Looking Statements

Certain statements in this news release constitute forward-looking statements or forward-looking

information. All statements, other than statements of historical fact, are forward-looking statements or

information. Forward-looking statements involve ri sks, uncertainties and other factors that could cause

actual results, performance, prospects, and opportun ities to differ materially from those expressed or

implied by such forward-looking statements. Factors that could cause actual results to differ materially

from these forward-looking statements include, but are not limited to, the duration and effect of local and

world-wide inflationary pressures and the potential fo r economic recessions; fluctuations in the price of

gold; fluctuations in currency markets; operational risks and hazards inherent with the business of mining

(including environmental accidents and hazards, indu strial accidents, equipment breakdown, unusual or

unexpected geological or structural formations, cave-ins, flooding and severe weather); risks relating to the

credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company

does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards;

employee relations; relationships a nd claims by local communities; ch anges in laws, regulations and

government practices in the jurisdictions where we operate, including environm ental, export and import

laws and regulations; changes in national and local government, legislation, taxation, controls or regulations

and political, legal or economic developments in countries where the Company may carry on business,

including legal restrictions relating to mining, risks relating to expropriation; va riations in the nature,

quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any

necessary permits, consents or authorizations required for its planned activities, the Company’s inability to

raise the necessary capital or to be fully able to implement its business and growth strategies, the Company’s

inability to negotiate certain amendm ents to agreements with our lendi ng group; and those risk factors

identified in the Company’s management’s discussions and analysis and the most recent annual information

form. The reader is referred to the Company’s publ ic disclosure record which is available on SEDAR+

(www.sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing

the forward-looking statements are reasonable, und ue reliance should not be placed on these statements,

which only apply as of the date of this news release, and no assurance can be given that such events will

occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the

securities exchanges on which the Company is listed, the Company disclaims any intention or obligation

to update or revise any forward-looking statement, whether as a result of new information, future events or

otherwise.

LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities

regulatory authority accepts responsibility for the adequacy or accuracy of this release.