NI43-101 Technical Report CHIRANO GOLD MINES LIMITED Ghana, West Africa

The Asante Gold Corporation has filed its Technical Report on their recently acquired Chirano Gold Mine, as required by the Standards of Disclosure for Mineral Projects.
Highlights of the report are:

• Measured and Indicated Mineral Resources of 28.1Mt at 1.26 g/t AU (1.13Moz) and inferred Mineral Resources of 6.05Mt at 1.91 g/t (0.37 Moz)
• Proven and Probable Mineral Reserves of 15.76Mt at 1.95 g/t AU (0.989 Moz)
• Life of Mine of five years (Open Pit and Underground)
• Post-Tax NPV (5%) of US$258 million at US1,712/oz AU
• AISC of US$1,122/oz AU
• Gold Recovery of 88.5% yielding 873Koz Au from run of mine grade of 1.9 g/t
• Main driver of increase in Indicated Resources is a result of exploration drilling (additions from Suraw and Obra underground and Mamnao open pit mines)
• Significant exploration upside along the developed 11 km of the Chirano Shear Zone and extensive growth potential
• Strong community and traditional authority support