Asanko Gold Receives Environmental and Water Approvals for Esaase Site

Vancouver,  British  Columbia,  April  1,  2014  –  Asanko  Gold  Inc.  (“Asanko”  or  the  “Company”)  (TSX,  NYSE MKT:  AKG)  is  pleased  to  announce  it  has  received  the  Environmental  Invoice  (the  “Invoice”)  and  Water  Use Permits  for  the  Esaase  deposit,  part  of  the  Asanko  Gold  Mine  (“AGM”)  Project,  from  the  relevant  Ghanaian Regulatory  Authorities.

The   Invoice,   issued   by   the   Environmental   Protection   Agency   (“EPA”),   through   its   Technical   Review Committee,  is  a  pre-­‐cursor  to  receiving  the  final  Environmental  Permit.  Asanko  will  now  finalize  its  EIS  to incorporate   the   comments   of   the   Invoice,   which   are   not   onerous,   and   submit   it   to   the   EPA   for   final permitting,  which  will  occur  in  due  course.

The  receipt  of  the  Invoice  from  the  EPA  means  that  Asanko  will  be  able  to  apply  for  a  temporary  mining permit  and  commence  early  works  at  the  Esaase  site,  should  Asanko  decide  to  progress  with  the  Esaase deposit  as  part  of  Phase  1.

In  addition,  the  Company  has  also  received  three  key  Water  Use  Permits  required  for  the  Esaase  site  from the   Ghanaian   Water   Resources   Commission   (“WRC”).     The   permits   will   allow   the   Company   to   abstract boreholes  for  domestic,  construction  and  operations  purposes  at  the  Esaase  site  and  are  valid  for  an  initial period  of  three  years  and  renewable  thereafter.

Commenting  on  the  announcement,  Peter  Breese,  President  and  CEO,  said  “We  are  delighted  that  we  have   now  received  our  Invoice  from  the  EPA  and  Water  Use  Permits  from  the  WRC  for  the  Esaase  site.  This  means   that   in   addition   to   our   fully   permitted   Phase   1   project,   we   now   have   a   second   site   that   has   passed   the   necessary  hurdles  as  required  by  the  Ghanaian  regulatory  authorities.  

We  would  like  to  thank  both  the  EPA  and  the  WRC  for  their  valued  and  proactive  contributions  during  the   permitting  of  the  Esaase  Gold  Project  as  we  continue  de-­‐risking  our  assets  in  Ghana.”

Enquiries:  

For  further  information  please  visit  www.asanko.com  or  contact:

Alex  Buck,  Manager  –  Investor  Relations   Greg  McCunn,  Chief  Financial  Officer Telephone:  +44-­‐7932-­‐740-­‐452   Telephone:  +1-­‐778-­‐729-­‐0604 Email:  [email protected]   Email:  [email protected]

General  enquiries:  [email protected]

About  Asanko  Gold  

Asanko’s  vision  is  to  become  a  mid-­‐tier  gold  mining  company  that  maximizes  value  for  all  its  stakeholders. Asanko’s   flagship   project   is   the   fully   financed,   multi-­‐million   ounce   Asanko   Gold   Mine   Project   located   in Ghana,  West  Africa.

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  neighboring  communities.

Forward-­‐Looking  and  other  Cautionary  Information  

This   release   includes   certain   statements   that   may   be   deemed   "forward-­‐looking   statements".   All   statements   in   this   release,  other  than  statements  of  historical  facts,  that  address  estimated  resource  quantities,  grades  and  contained   metals,  possible  future  mining,  exploration  and  development  activities,  are  forward-­‐looking  statements.  Although  the   Company  believes  the  forward-­‐looking  statements  are  based  on  reasonable  assumptions,  such  statements  should  not   be  in  any  way  construed  as  guarantees  of  future  performance  and  actual  results  or  developments  may  differ  materially   from  those  in  the  forward-­‐looking  statements.  Factors  that  could  cause  actual  results  to  differ  materially  from  those  in   forward-­‐looking   statements   include   market   prices   for   metals,   the   conclusions   of   detailed   feasibility   and   technical   analyses,  lower  than  expected  grades  and  quantities  of  resources,  mining  rates  and  recovery  rates  and  the  lack  of   availability  of  necessary  capital,  which  may  not  be  available  to  the  Company  on  terms  acceptable  to  it  or  at  all.  The   Company   is   subject   to   the   specific   risks   inherent   in   the   mining   business   as   well   as   general   economic   and   business   conditions.  For  more  information  on  the  Company,  Investors  should  review  the  Company's  annual  Form  20-­‐F  filing  with   the  United  States  Securities  Commission  and  its  home  jurisdiction  filings  that  are  available  at  www.sedar.com.  

Neither  Toronto  Stock  Exchange  nor  the  Investment  Industry  Regulatory  Organization  of  Canada  accepts  responsibility   for  the  adequacy  or  accuracy  of  this  release.