Asante sadly announces the passing of the long-time Director, Florian Riedl-Riedenstein, who passed away suddenly on July 7th in Vienna. The Company extends its heartfelt condolences to Florian’s family.

The Board of Directors have appointed Carsten Korch as a Non-Executive Director of the Company. Korch has also agreed to serve as an Independent Director on the Company’s Audit Committee and has been granted 500,000 incentive stock options for a five-year term at a price of $0.10 per share.

Korch is one of the founding shareholders of Asante and has a long history of investing in mine development in Ghana as an early shareholder and supporter of Asante’s President & CEO Douglas MacQuarrie (the former CEO of PMI Gold Corp. now owned by Galiano Gold Inc.).  A highly optimistic and driven entrepreneur with more than 25 years of experience in senior Board and management positions.

Korch states “I am excited to help Asante to develop it’s projects and further its goal to reach production.  As my first commitment to that success, I have agreed to subscribe for 1,000,000 units of the announced private placement.”  He joins Bashir Ahmed VP of Production and Development, Alex Heath Audit Committee Chair, Dr. Abdel-Majeed Haroun Non-Executive Director, and Douglas MacQuarrie President & CEO on the Company’s Board of Directors.