Asante Reports Financial and Operating Results for the Quarter Ended July 31, 2024

VANCOUVER, British Columbia, September 13, 2024 (GLOBE NEWSWIRE) — Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | USOTC:ASGOF) (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the three months and six months ended July 31, 2024 (“Q2 2025”).

Dave Anthony, President and CEO, said: “We are pleased to report a solid quarter of growth in consolidated adjusted EBITDA. This reflects positive developments at Bibiani and Chirano as we continue to implement operational improvement initiatives at both mines, as well as a strong gold price environment. At Bibiani, the relocation of the Bibiani-Goaso highway is a significant milestone and the development of the Russel Starter Pit underscores the potential of the district-scale opportunities we have ahead of us, which extend well beyond current operations. Execution of the Sulphide Project is advanced with a targeted completion in early 2025 at Bibiani and will result in 92% gold recovery. At Chirano, the metallurgical and transit projects are beginning to bear fruit. We look forward to updating the market on our extensive non-dilutive financing initiatives to fund our growth initiatives, which are expected to bear fruit in the near term.”