Asante Gold Corporation announced results from its ongoing exploration drilling program at the Aboduabo prospect located on Bibiani ? Chirano mines corridor, Sefwi Greenstone Belt, Ghana. Latest drill results have intersected high grade shoot extensions in multiple zones down-plunge of the defined +1km strike length of Aboduabo mineralization.

Previous announcements by the Company (see press releases of January 17, 2023, February 8, 2023 and April 6, 2023) have highlighted the significant intercepts and potential of this deposit, located along the Bibiani Shear Zone. To date, 88 holes totaling 21,000m have been completed testing lateral extensions and upgrading geologic confidence in previously tested zones. Field mapping has been initiated along the trend to identify new targets for future growth.

Highlights: CHRC3406 intersected a high gold grade shoot extension of significant interest, grading 8.73 g/t over 20.5m. Step-out drilling has intersected consistently wide, significant gold mineralization within metasedimentary shear zones. Selected intercepts include: CHRC3406D ?

20.5m @ 8.73 g/t Au from 222 to 242.5m, CHRC3420D ? 10.1m @ 5.83 g/t Au from 214.7 to 224.8m, CHRC3405D ? 17.15m @ 4.27 g/t Au from 274.5 to 291.65m, Includes 7.7m @ 8.94 g/t Au from 274.5m to 282.2m, CHRC3386D ?

30m @ 2.81 g/t Au from 120m to 150m, Includes 24m @ 3.16 g/t Au from 126m to 150.0m, CHRC3400D ? 26.6m @ 2.27 g/t Au from 166.35m to 192.95m, Includes 8.3m @ 4.2 g/t Au from 169.7m to 178.0m, CHRC3411D ? 65.0m @ 1.41 g/t Au from 46.0m to 111.0m, Includes 24.20m @ 2.47 g/t Au from 46.0m to 70.2m, CHRC3441D- 46.70m @ 1.90 g/t Au from 380.3.0m to 427.0m, Includes 10.0m @ 4.37 g/t Au from 402.1m to 413.0m.