Asante Gold Corporation
TSX VENTURE : ASE

April 03, 2012 09:00 ET

Asante Gold Corporation Announces Advisory Board Appointments & Incentive Options Granted

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2012) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Asante Gold Corporation (TSX VENTURE:ASE) (the "Company") is pleased to announce the appointment of W. E. Jonah and Alan McKerron, consultants, to its Advisory Board, effective immediately.

Mr. Jonah, LLB/BA (Hons), also known as Nana Prah Agyensaim VI, was born in Obuasi, Ghana. He is a Graduate of Metropolitan University of City of London and holds LLB/BA (Hons) in Business Law, a Barrister-at-Law and Solicitor of the Supreme Court of the Republic of Ghana. He is a former Member of the Council of State (Presidential Advisory Board), Board Chairman of Perseus Mining Ghana Limited, Board Member of Maxam Mining Explosives and a Director of Ghacem Ghana Limited, and is resident in Accra, Ghana.

Mr. McKerron, M.A.Hons, is a former Executive Director of Anglo American Corporation and served in many capacities including Chairman of the New Mining Business Division and as Vice President Anglo American Corporation of Canada. He was also past Chairman, Kroondal Platinum; Director, Aquarius Platinum. Mr. McKerron is a resident of Cape Town.

Douglas MacQuarrie, President and CEO comments that, "I have had the pleasure to work with each of these gentlemen for many years, and am confident that their insight, experience and vision will be invaluable to Asante as it continues its development."

The Company has granted stock options to consultants to purchase up to 200,000 common shares at a price of $0.75 per share for a five year period.

On behalf of the Board,

Douglas R. MacQuarrie, President & CEO

About Asante Gold Corporation

Asante Gold Corporation is a Vancouver-based gold exploration and development company, exploring the Fahiakoba Concession located in the centre of Ghana's Golden Triangle. The initial 5,000 metre drilling program is underway.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. In making the forward-looking statements in this news release, the Company has applied certain factors or assumptions that it believes are reasonable, including that the Company will obtain Exchange approval, that it will be able to obtain necessary equipment, supplies, personnel and approvals for its exploration and development activities and that the Company's exploration activities can proceed as expected. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the Company's ability to obtain Exchange approval, timeliness of regulatory approvals, actual results of exploration activities, the Company's ability to complete its drilling and exploration programs on schedule, possibility of equipment breakdowns and delays, and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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.

Contact Information

  • Asante Gold Corporation
    Douglas MacQuarrie
    President
    604-558-1134
    douglas@asantegold.com

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

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

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

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