Asante Gold Corporation: Drilling & Exploration Update, Fahiakoba Concession, Ghana

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Asante Gold Corporation (TSX VENTURE:ASE)(FRANKFURT:1A9) (the "Company") has
received the balance of drill assays from the first phase of its maiden drill
program on the Fahiakoba concession in Ghana, West Africa. 


Drilling has confirmed the discovery of narrow zones of gold mineralization in 3
of the 14 initial widely spaced drill holes targeting just 1.5 km of the over
20.0 km of favourable shear zones that have been outlined on the concession.
These discoveries are generally along strike of mineralization noted at Perseus
Mining's Edikan mine, which is adjacent and to the southwest of the concession. 


Results have also been received from 399 auger soil holes, part of a planned
1,200 auger drill hole program to outline additional drill targets for the
balance of the 5,000 metre diamond drill program announced in March. The auger
samples are testing saprolite for gold mineralization at depths to 7 metres
under widespread river gravel and alluvium cover. Values to 650 ppb Au have been
noted, with 19 anomalous samples forming two 500 to 650 metre-long new target
areas. The auger program is ongoing in conjunction with 60 line km of ground
geophysics. Drilling will resume as soon as further targets are defined. 


Significant results from the 14 diamond drill holes totaling 2,437 metres are
summarized in the table below: 




----------------------------------------------------------------------------
                                                                    Weighted
                                                   Intercept         Average
Drill Hole     From (metres)     To (metres)        (metres)   g/t Au, uncut
----------------------------------------------------------------------------
FAH12-003(i)           41.08           42.08            1.00            7.34
----------------------------------------------------------------------------
FAH12-004              24.00           24.65            0.65           11.10
----------------------------------------------------------------------------
FAH12-004              37.90           38.45            0.55            3.24
----------------------------------------------------------------------------
FAH12-005(i)          201.50          202.00            0.50          289.50
----------------------------------------------------------------------------
((i) Drill hole previously reported)                                        



A collar map is available at:
http://www.asantegold.com/i/pdf/nr/FAHCollars25Jun12NR.pdf. 


Douglas MacQuarrie, President, stated, "The initial drill results have confirmed
that the Akropong and Edikan shear zones locally contain anomalous to highly
anomalous gold mineralization where they cross our Fahiakoba concession. The
positive early results from the drilling, auger soil sampling and ground
geophysical programs suggest that numerous high priority drill targets will be
outlined. These targets will be drill tested once the ground programs are
completed. Additionally, in order to expand the Company's footprint in Ghana,
Asante is also evaluating other concessions for possible acquisition."


Scientific and technical information contained in this news release has been
reviewed and approved by Douglas R. MacQuarrie, P.Geo. (B.C.) Geology &
Geophysics, the President and CEO of the Company, who is a "qualified person"
under NI 43-101. Drilling field work and sampling was supervised by Donald G.
Allen, MASc. P.Eng. (B.C.). HQ and NQ core were logged, sawn and sampled on
site, with half samples sent to SGS Laboratory in Tarkwa, and analyzed for gold
by fire assay-AA on a 50 gram sample charge. Internal QC consisted of inserting
both blanks and standards into the sample stream and multiple re-assays of
selected anomalous samples. Where multiple assays were received for an interval,
the final value reported was the average of all results for the interval.
Results from the QC program suggest that the reported results are accurate. 


On behalf of the Board,

Douglas R. MacQuarrie, President & CEO

About Asante Gold Corporation 

Asante Gold Corporation (TSX VENTURE:ASE)(FRANKFURT:1A9) is a Vancouver-based
gold exploration and development company, exploring the Fahiakoba Concession
located in the centre of Ghana's Golden Triangle between Perseus Mining's Edikan
and AngloGold Ashanti's Obuasi mines.


This news release contains forward-looking statements which involve known and
unknown risks, delays and uncertainties not under the Company's control which
may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectations implied by
these forward-looking statements. We Seek Safe Harbour.


Fahiakoba Drill Collars - to accompany Asante Gold News Release dated 25 June 2012.

To view the map associated with the Fahiakoba Drill Collars, please visit the
following link: http://media3.marketwire.com/docs/asan0625.pdf.
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