Asante Gold Corporation
TSX VENTURE : ASE
FRANKFURT : 1A9

January 08, 2013 09:00 ET

Asante Gold Corporation: Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2013) -

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 that Douglas MacQuarrie, directly and indirectly has acquired 1,000,000 common shares by the exercise of warrants at a price of $0.25 per share. The shares were purchased for investment purposes.

Following the above-mentioned transactions, Douglas MacQuarrie beneficially owns, directly or indirectly, 4,474,000 common shares; 250,000 share purchase warrants and 300,000 stock options, which upon exercise of such warrants and stock options, represents approximately 22.77% of the issued and outstanding common shares of the Company on a partially diluted basis.

On behalf of the Board,

Douglas R. MacQuarrie, President & CEO

About Asante Gold Corporation

Asante Gold Corporation (TSX VENTURE:ASE) (FRANKFURT:1A9) is a Vancouver based gold royalty and exploration company, exploring the Fahiakoba Concession located in the centre of Ghana's Golden Triangle between Perseus Mining's 280,000 oz Au per year Edikan mine, and AngloGold Ashanti's 315,000 oz Au per year 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.

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