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 the approval and adoption by its Board of Directors of an Advance
Notice Policy (the "Policy"). The purpose of the Policy is to provide
shareholders, Directors and management of the Company with a clear framework for
nominating directors of the Company. The Company is committed to: (i)
facilitating an orderly and efficient annual general or, where the need arises,
special meeting, process; (ii) ensuring that all shareholders receive adequate
notice and information of the Director nominees; and (iii) allowing shareholders
to register an informed vote after having been afforded reasonable time for
appropriate deliberation. The Policy is intended to further these objectives.


The Policy includes a provision that requires advance notice to the Company in
certain circumstances where nominations of persons for election to the Board of
Directors are made by shareholders of the Company. The Policy fixes a deadline
by which Director nominations must be submitted to the Company prior to any
annual or special meeting of shareholders and sets forth the information that
must be included in the notice to the Company. No person will be eligible for
election as a Director of the Company unless nominated in accordance with the
Policy.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 days and not more than 65 days prior to the date of the
annual meeting; provided, however, that, in the event that the annual meeting is
to be held on a date that is less than 50 days after the date on which the first
public announcement of the date of the annual meeting was made, notice may be
made not later than the close of business on the 10th day following such public
announcement.


In the case of a special meeting of shareholders called for the purpose of
electing Directors (whether or not called for other purposes), notice to the
Company must be made not later than the close of business on the 15th day
following the day on which the first public announcement of the date of the
special meeting was made.


The full text of the Policy is available under the Company's profile at
www.sedar.com and on the Company's website (www.asantegold.com) or upon request
by contacting the Company's Corporate Secretary, Janet Horbulyk, at
(604)-558-1134.


The Policy is in effect as at the date of this news release. Pursuant to the
terms of the Policy, the Company will seek shareholder ratification of the
Policy at its next annual general meeting of shareholders (the "Meeting"). If
the Policy is not confirmed at the Meeting, the Policy will terminate and be of
no further force and effect following the termination of the Meeting.


The Company also announces that it has entered into a loan agreement with Goknet
Mining Company Limited ("Goknet") of Accra, Ghana. Pursuant to the terms of the
agreement, Goknet will loan the Company CDN$200,000 for working capital
purposes, payable within 60 days of demand, with interest payable on the unpaid
principal at the rate of 5% per annum, calculated yearly. The loan is not
convertible into securities of the Company. Goknet is a related party, as
Douglas R. MacQuarrie is the CEO of the Company and the Managing Director of
Goknet.


Goknet has also informed the Company that its arbitration with PMI Gold
Corporation, with respect to PMI's consent to the assignment of a 1% NSR royalty
interest on the Obotan Gold Mine project in Ghana held by Goknet to the Company,
is progressing with the full panel of arbitrators now selected. The Goknet/PMI
agreement calls for a decision of the majority of the arbitrators to be made
within 30 days. Further updates will be issued when and as received.


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 royalty focused company, exploring the Fahiakoba Concession
located in the centre of Ghana's Golden Triangle between Perseus Mining's
250,000 oz Au per year Edikan mine, and AngloGold Ashanti's 315,000 oz Au per
year Obuasi mine. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Asante Gold Corporation
Douglas MacQuarrie
President
+1 604-558-1134;
douglas@asantegold.com


Asante Gold Corporation
Jag Sandhu
Director, Corporate Development,
+1 604-306-1950


Asante Gold Corporation
Doreen Kent
Shareholder Communications
+1 604-948-9450
d.kent@eastlink.ca


Asante Gold Corporation
Kirsti Mattson
Media Relations
+1 778-434-2241
kirsti.mattson@gmail.com


Asante Gold Corporation - Europe:
Florian Riedl-Riedenstein
Director
+43 2774 28814
frram@aon.at

(TSXV:ASE)
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(TSXV:ASE)
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