Asante GOLD Closes Previously Announced Non-Brokered Private Placement
ASANTE GOLD CLOSES PREVIOUSLY ANNOUNCED
NON-BROKERED PRIVATE PLACEMENT
Not for distribution to United States news wire services or for dissemination in the United States
VANCOUVER, British Columbia, January 30, 2026 – Asante Gold Corporation (TSX-V: ASE | GSE: ASG
| OTCQX: ASGOF) (" Asante" or the "Company ") is pleased to announce that it has closed its previously
announced non-brokered private placement of common shares of the Company ("Common Shares") pursuant to
which the Company issued 8,625,000 Common Shares at a price of C$1.60 per Common Share for aggregate gross
proceeds of C$13,800,000 (the "Offering").
The Company intends to use the net proceeds of the Offering for continued development and growth expenditures
at the Bibiani and Chirano mines, and for general working capital purposes.
The Common Shares issued pursuant to the Offering are subject to a four month statutory hold period under
applicable Canadian securities laws, expiring on May 31, 2026. The Offering remains subject to the final
acceptance of the TSX Venture Exchange (the "TSXV").
This Offering is considered to be a "related party transaction" for the purposes of Multilateral Instrument 61-101
– Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is exempt from
the requirements to obtain a formal valuation or minority shareholder approval in connection with the Offering in
reliance on section s 5.5(a) and 5.7(1)(a), respectively, of MI 61- 101, as neither the fair market value of the
securities issued to the related party nor the fair market value of the consideration for the securities issued to the
related party exceeds 25% of the Company's market capitalization as calculated in accordance with MI 61-101.
The Common Shares offered pursuant to the Offering have not been, and will not be, registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may
not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration
under the U.S. Securities Act and all applicable s tate securities laws or compliance with the requirements of an
applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer
to buy in the United States, nor shall there be any sale of the securities in any state in which such offer, solicitation
or sale would be unlawful.
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 studies at its Kubi Gold Pr oject. All mines and exploration projects are located on the prolific Bibiani
and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with
extensive experience in Ghana. The Company is listed on the TSX Venture Exchange, the Ghana Stock Exchange
and the OTCQX® Best Market. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new
discoveries, all adjoining or along strike of major gold mines near the centre of Ghana's Golden Triangle.
Additional information is available on the Company's website at www.asantegold.com.
For further information please contact:
Dave Anthony, President & CEO
Frederick Attakumah, Executive Vice President and Country Director
+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, including, but not limited to, statements
relating to the use of the net proceeds of the Offering; and the Company's ability to obtain all necessary approvals,
including the final acceptance of the TSXV. Forward-looking statements involve risks, uncertainties and other
factors that could cause actual results, performance, prospects and opportunities 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 Company's inability to obtain
necessary approvals, variations 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 strategies, and
the price of gold.
The reader is referred to the Company's public 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, undue 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.