ASANTE GOLD COMMISSIONING MILESTONE - CRUSHER START UP THE BIBIANI GOLD MINE

Vancouver, British Columbia, May 09, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) (“Asante” or the "Company") is pleased to announce the successful refurbishment and operation of the primary crusher and associated equipment at the Bibiani Gold Mine. Stockpiling of crushed ore to support the imminent commencement of processing will continue for several weeks, while downstream process plant equipment is commissioned and confirmed operational.

The Bibiani Gold Mine came out of care and maintenance in September 2021 and an extensive refurbishment program has continued since that time. With the support of its key contractors, Asante is on track to pour gold in the third quarter 2022.   Stockpiling of ore on the Run of Mine Pad has been ongoing since mining commenced in February 2022.

The primary crusher system includes a 42” X 72” gyratory crusher capable of delivering 544 tonnes per hour to the mill. Comprehensive refurbishment was completed on the primary crusher and ancillary equipment which included total overhaul of the hydraulic lubrication unit, piping, electrical, instrumentation and replacement of other mechanical components.

Asante is pleased to recognize and thank the team from Kenmore Limited, lead contractor on the crusher re-build, for completing the refurbishment ahead of schedule. All associated conveyors and control equipment have been refurbished or replaced and made operational by Harlequin International.

Dave Anthony, President and CEO stated, “We are very pleased that our refurbishment efforts at the Bibiani Gold Mine have been delivered ahead of schedule. The excellent and timely work completed by local contractors, Kenmore and Harlequin, is just another example of how the Ghanaian mining industry is fully resourced to support development and maintenance of modern, large-scale mining operations. With the crusher and all associated equipment now operational, Asante is now ready to advance with commissioning of downstream process plant equipment.”

“We also wish to congratulate our Bibiani team that recently reported 2 million hours without a Lost Time Incident, a testament to the team’s commitment to operational safety and excellence.”

About Asante Gold Corporation

Asante is a gold exploration, project development and operations company with a high-quality portfolio of projects in Ghana, Africa’s largest and safest gold producer. Asante is currently focused on completing the purchase of the Chirano Gold Mine and developing to production its Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts.   Asante has an experienced and skilled team of mine finders, builders and operators, located in Ghana. Asante is listed on the Canadian Securities Exchange and Frankfurt Stock Exchange and has announced plans to co-list its shares in Ghana. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Additional information is available on our web site at: www.asantegold.com.