Asante Announces Director Changes

Board Changes - Asante Gold Corporation announces the appointment of Dr Alireza Abbassi Monjezi to the board of directors and the resignation of Mohammad Alothman as a director, effective immediately [1] New Board Member Background - Dr Alireza Abbassi Monjezi is a UK national with a PhD in Chemical Engineering from the University of Surrey [2] - He has an academic research background with positions at Queen Mary University of London and the University of Edinburgh [2] - Dr Alireza has multiple patents and publications in highly ranked international journals [2] - In 2023, he was listed by the UK Royal Academy of Engineering as one of the UK's 274 engineering icons of all time [2] - His start-up was awarded as the top enterprise emerging from the University of Edinburgh in 2019 [2] - He is a director and board member of Waterwhelm, which won the Scottish Edge Higg's Award as the top engineering/technology start-up in Scotland in 2021 [2] Executive Chairman's Statement - Malik Easah, Executive Chairman of Asante, welcomes Dr Alireza's appointment, citing his experience in chemical engineering, water treatment, entrepreneurial talent, and business acumen [3] Company Overview - Asante Gold Corporation is a gold exploration, development, and operating company with projects and mines in Ghana [3] - The company operates the Bibiani and Chirano Gold Mines and is conducting technical studies at its Kubi Gold Project [3] - All mines and exploration projects are located on the Bibiani and Ashanti Gold Belts [3] - Asante has an experienced team with extensive experience in Ghana [3] - The company is listed on the Canadian Securities Exchange, the Ghana Stock Exchange, and the Frankfurt Stock Exchange [3] - Asante is exploring its Keyhole, Fahiakoba, and Betenase projects for new discoveries, all located near the centre of Ghana's Golden Triangle [3] Bibiani Gold Mine - Bibiani is an operating open pit gold mine in the Western North Region of Ghana with previous gold production of more than 4 5 million ounces [4] - The mine has a refurbished 3 million tonne per annum process plant and existing mining infrastructure [4] - Asante commenced mining at Bibiani in late February 2022, with the first gold pour announced on July 7, 2022, and commercial production announced on November 10, 2022 [4] Chirano Gold Mine - Chirano is an operating open pit and underground mine located in the Western Region of Ghana, immediately south of the Bibiani Gold Mine [6] - The mine was first explored and developed in 1996 and began production in October 2005 [6] - It comprises multiple open pits and underground mines, including Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu, and Mamnao [6] Technical Reports - Additional information on the mineral resource and mineral reserve estimates for the Bibiani Gold Mine can be found in the 2024 Bibiani Technical Report filed on the company's SEDAR+ profile [5] - Additional information on the mineral resource and mineral reserve estimates for the Chirano Gold Mine can be found in the 2024 Chirano Technical Report filed on the company's SEDAR+ profile [7]