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Asanko GOLD Announces Management Change

Management Changes

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PRESS RELEASE

ASANKO GOLD ANNOUNCES MANAGEMENT CHANGE

Vancouver, British Columbia, January 11, 2016 – Asanko Gold Inc. (“Asanko” or the “Company”) (TSX,

NYSE MKT: AKG) announces the appointment of Fausto D i Trapani as Chie f Financial Officer , effective

immediately, following the resignation of Greg McCunn , who has decided to pursue other business

opportunities. Mr McCunn will be available in an advisory capacity as required to support a seamless

transition as part of a long term succession plan.

Mr. Di Trapani , a Chartered Accountant , joined Asanko in 2012 as Executive: Finance and has played a

major role in the transformation of the C ompany’s Finance function from late stage exploration through

project development and production to the multi-jurisdictional fully integrated function it is today. This has

included t he deployment of a group wide ERP system to improve forecasting and budgetary controls,

securing the Red Kite project finance facility and leading the C ompany’s procurement processes to bring

the Asanko Gold Mine into production on time and under budget. During his 18 year career, Fausto has

held a number of senior financial management roles at significant liste d resource companies including

Mantra Resources, Norilsk Nickel International and BHP Billiton . H e holds an Honours Bachelor of

Accounting Sciences degree.

Commenting on the management change, Peter Breese, President and CEO, said “ I’d like to thank Greg for

his enormous contribution to Asanko over the past f ive years. During this time, Asanko has successfully

transitioned from a junior exploration company into a growth oriented gold producer with a strong balance

sheet and financial flexibility. I wish him great success in his future endeavours.

As Asanko moves forward, Fausto’s strong financial background and solid African experience will be

instrumental as we s trive to successfully execute our second phase of growth, starting with the recently

approved Phase 2A growth project.”

Enquiries:

For further information please visit: www.asanko.com, email: [email protected] or contact:

Alex Buck - Manager, Investor and Media Relations

Toll-Free (N.America): 1-855-246-7341

Telephone: +44-7932-740-452

Email: [email protected]

Wayne Drier - Executive, Corporate Development

Telephone: +1-778-729-0614

Email: [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.

The Company’s flagship project is the multi-million ounce Asanko Gold Mine located in Ghana, West Africa.

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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.