Asante Gold Corporation: January 2014 Update

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 an Update to its news release of November 12th, 2012 wherein the
Company reached an agreement to purchase a 1% NSR gold royalty interest in the
Obotan Gold Project in Ghana held by Goknet Mining Company Limited of Accra,
Ghana ('Goknet'). Completion of this purchase is subject to certain closing
conditions which have not yet been satisfied.


Goknet has informed the Special Committee of the Company, which was formed to
complete the transaction on behalf of the Company, that the arbitration
proceedings it initiated under the Commercial Arbitration Act of British
Columbia to affirm Goknets' royalty interests in the Obotan Gold Project and
other concessions in Ghana under its agreement with PMI Gold Corporation
('PMI'), have been delayed pending the re-appointment of an arbitrator by PMI.
Once the arbitration tribunal is reconstituted, it is expected that a new
hearing date will be set for the earliest available date.


The Company and Goknet expect to complete the transaction once all the subject
to conditions, including regulatory and fairness approvals, are satisfied. Given
the extended closing period, both parties have agreed that final purchase terms
may require adjustment based on changes since the announcement in the fair
market value of the royalty interest; the share price of Asante; and the general
market conditions. 


On behalf of the Board,

Mark Holcombe, Director, Chairman of Special Committee

About Asante Gold Corporation

Asante Gold Corporation (TSX VENTURE:ASE)(FRANKFURT:1A9) is a Vancouver based
gold company, exploring the Fahiakoba Concession located in the centre of
Ghana's Golden Triangle between Perseus Mining's Edikan mine, and AngloGold
Ashanti's 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. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.


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.net

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