Asante Gold Corporation: Early Warning Report

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")
announces that Douglas MacQuarrie, directly and indirectly has acquired 642,500
common shares through the facilities of the TSX Venture Exchange at prices
ranging from $0.175 to $0.50 per share. The shares were purchased for investment
purposes.  


Following the above-mentioned transactions, Douglas MacQuarrie beneficially
owns, directly or indirectly, 3,452,500 common shares; 1,250,000 share purchase
warrants and 300,000 stock options, which upon exercise of such warrants and
stock options, represents approximately 23.09% of the issued and outstanding
common shares of the Company on a partially diluted basis.  


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
(TSX:PRU) Edikan and AngloGold Ashanti's (NYSE:AU) 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.

(TSXV:ASE)
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