Asanko Gold Files Expansion DFS Technical Report

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 2017) - Asanko Gold Inc. ("Asanko" or the "Company") (TSX:AKG)(NYSE MKT:AKG) today filed the National Instrument ("NI") 43-101 Technical Report for the Expansion Definitive Feasibility Study ("DFS") of the Asanko Gold Mine ("AGM" or the "Project") in Ghana, West Africa, which can be found on SEDAR, www.sedar.com, and the Company's website, www.asanko.com. The Expansion DFS has been authored by leading mining consultancy and professional services firms CSA Global, CJM Consulting, DRA Global, Knight Piésold and Venmyn Deloitte.

Peter Breese, President and CEO, commented "The NI 43-101 Technical Report, which has been certified by internationally recognized mining industry consultants, confirms the Asanko Gold Mine is a quality, multi-pit complex that has over 5 million ounces of reserves, a long mine life, a viable organic growth production profile and strong cash flow generation."

The 43-101 Technical Report includes an update to the AGM global Mineral Resource Estimate ("MRE") to align the MRE with other resource estimates in the gold sector. The constraining gold price has been lowered from US$2,000/oz to US$1,500/oz, refer to Table 1.

Importantly the AGM mineral reserves remain unchanged at 101 million tonnes at 1.57 g/t for 5.1 million ounces of contained gold, based on a US$1,300/oz gold price, which is within industry norms.

Table 1: Asanko Gold Mine Global Mineral Resource Estimate - Constraining Gold Price Sensitivity

Gold Price	Measured			Indicated			Total (M&I)
	Mt	g/t Au	Moz	Mt	g/t Au	Moz	Mt	g/t Au	Moz
US$2,000/oz	37.4	1.42	1.70	123.0	1.46	5.79	160.4	1.45	7.49
US$1,500/oz	37.3	1.43	1.72	101.7	1.49	4.87	139.0	1.47	6.59

Notes: