Asante Gold Corporation has formed an executive committee of the Board The formation of the Executive Committee follows an unsuccessful stealth proxy solicitation campaign (the Stealth Campaign) in advance of the Annual General Meeting of shareholders (the Meeting) held on December 21, 2022. The Stealth Campaign appears to be part of an attempt by the Dissidents to take control of the Company without paying fair value to other shareholders. Members of the Executive Committee: The Executive Committee consists of five of Asante's nine directors.

All but one of the members of the Executive Committee were targeted for removal from the Board in the Stealth Campaign. The mandate of the Executive Committee includes overseeing the general business of the Company as well as investigating matters related to the Meeting and the Stealth Campaign. The Executive Committee members are: Alex Heath (Chair), Asante's lead independent director; Carsten Korch and Roger Norwich, both independent directors; and Douglas MacQuarrie (Chairman of the Board and former CEO) and Nadia Abdul Aziz, both non-independent directors.