ASE

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 the second phase of its initial 5,000 metre diamond drill program
on the Fahiakoba concession in Ghana, West Africa will commence at the end of
August. A total of 2,500 metres of drilling in 12 holes is expected to be
completed.


Drilling will target strike extensions to the recently announced gold
discoveries and new targets generated from the completion of approx. 1,200 auger
soil geochemical sample holes and coincident ground EM geophysical surveys. The
field data is currently being compiled and final drill targets selected.


In addition, the Company announces that an IP/resistivity survey has commenced
to cover the strong VTEM conductor noted in the southeastern boundary area of
the concession. These surveys have been successful in the region for outlining
discrete granitic bodies that are transected by the regional shear zones and can
contain significant gold mineralization - such as at the nearby Edikan gold mine
(total measured and indicated mineral resources for six deposits at Edikan are
reported as 156.3Mt containing 5.6Moz of gold; and in nine deposits total
inferred mineral resources 50.6Mt containing 1.7Moz of gold, Perseus Mining
Limited, August 14, 2012).


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 company, exploring the Fahiakoba Concession located in the
centre of Ghana's Golden Triangle between Perseus Mining's new 280,000 oz Au per
year Edikan mine, and AngloGold Ashanti's 350,000 oz Au per year Obuasi mine
(continuous production since 1898). 


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.

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