Shares FOR Debt Announced

SHARES FOR DEBT ANNOUNCED

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

FOR IMMEDIATE RELEASE SHARES ISSUED: 57,160,221

Vancouver, British Columbia – June 1 3, 2019 – Asante Gold Corporation ( CSE:ASE/

FRANKFURT:1A9) (“Asante” or the "Company") announces that it has reached an agreement

to settle outstanding debt of C$132,687.50 to an arm’s length creditor by way of the issuance of

1,895,536 common shares of the Company at a deemed value of $0.07 per share.

The common shares issued will have a four (4) month and one day hold period from the date of

distribution.

On behalf of the Board,

"Douglas R. MacQuarrie"

President and CEO

About Asante Gold Corporation

Asante is continuing to develop its Kubi Gold Min e project towards production , and is exploring its Keyhole,

Fahiakoba and Betenase concessions/options for new discoveries , all adjoining or along strike of major gold mines

near the centre of Ghana’s Golden Triangle . Please see Asante Gold press release dated March 11, 2019 on SMD at:

http://www.asantegold.com/news/asante-gold-explores-new-mining-technology-for-kubi-gold-project-ghana

For further information please contact:

Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: [email protected]

Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: [email protected]

Valentina Gvozdeva, Business Development, E-mail: [email protected]

Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail: [email protected]

Additional information is available on our web site at: www.asantegold.com

Further information on Kubi is available at: http://www.asantegold.com/projects/kubi-gold-mine

LEI Number: 529900F9PV1G9S5YD446

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the

adequacy or accuracy of this release.