Asanko and PMI Mail Joint Information Circular in Connection With Special Meetings of Their Shareholders to Consider Business Combination

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 7, 2014) - Asanko Gold Inc. ("Asanko") (TSX:AKG)(NYSE MKT:AKG) and PMI Gold Corporation ("PMI") (TSX:PMV)(ASX:PVM) announces that they have filed their Joint Management Information Circular (the "Joint Circular") and related proxy materials with Canadian securities regulators, the Australian Securities Exchange ("ASX") and the U.S. Securities Exchange Commission in preparation for their special meetings of shareholders.

On December 17, 2013, Asanko and PMI announced a Business Combination between the two companies to be effected by means of a plan of arrangement (the "Arrangement"). The Arrangement is intended to create an emerging mid-tier gold producer with a clear pathway to 400,000 ounces of annual gold production.

Shareholders of each company of record on December 30, 2013 will receive notice of and be entitled to vote at the special meeting. The Joint Circular updates information about the companies and about the Arrangement and is now being mailed to shareholders.

ASANKO SPECIAL MEETING

The Asanko special shareholders meeting is scheduled to be held at Suite 1500 - Royal Centre, 1055 West Georgia Street, Vancouver, British Columbia at 5:00 pm (Vancouver time) on January 30, 2014.

PMI SPECIAL MEETING

The PMI special shareholders meeting is scheduled to be held at CWA House, 1176 Hay Street West, Perth, Western Australia at 9:00 am (Perth time) on January 31, 2014.

Your vote is important regardless of the number of shares you own. Asanko and PMI encourages shareholders to read the meeting materials in detail. A copy of the Joint Circular is available on PMI's website at www.pmigoldcorp.com and on Asanko's website at www.asanko.com. It will also be available under the profile of both companies on SEDAR at www.sedar.com as well as at the ASX website at www.asx.com.au.

YOUR VOTE IS IMPORTANT. VOTE TODAY.

The Board of Directors of ASANKO and PMI UNANIMOUSLY recommend that Shareholders vote IN FAVOUR of the Arrangement.

HOW TO VOTE

Due to essence of time, shareholders are encouraged to vote using the internet, telephone or by fax.

Registered Shareholders may vote:

• Internet: www.investorvote.com
• Telephone: [phone] (toll free in Canada and US) or [phone] (International)
• Facsimile: 1-866-249-7775 (toll free in Canada and US) or [phone] (International)
• By mail
• In person at the meeting

Shareholders who hold PMI or Asanko shares through a bank or other intermediary or Holders of PMI CDIs will have different voting instructions and should carefully follow the voting instructions provided to them.