VANCOUVER, British Columbia, October 22, 2025 (GLOBE NEWSWIRE) — Asante Gold Corporation (TSXV: ASE | GSE: ASG | OTCQX: ASGOF) (“Asante” or “Company“) is pleased to announce the results of its Annual General and Extraordinary Meeting of Shareholders (“Meeting“), held yesterday, October 21, 2025. A total of 373,258,309 ordinary shares of the Company have been issued (“Ordinary shares“) (representing approximately 52% of the outstanding Common Shares) were presented at the Meeting and all matters submitted for management's approval were duly authorized and approved, including:
- determination of the number of directors of the Company for the next year in the amount of seven (7);
- election of directors of the Company for the next year;
- appointment of the Company's auditor for the next year and giving the Company's directors the right to set the auditor's remuneration;
- approval and ratification of the Company's comprehensive equity incentive plan, as well as all unvested options, rights and benefits thereunder (“Omnibus plan“); And
- approval and approval of the plan for the acquisition of shares by the Company's employees (“ESPP“).
Detailed voting results:
| Permission | Votes for | Votes against | Votes withheld |
| Establishing the number of directors at seven |
373 256 704 (100.00%) |
1605 (0.00%) |
N/A |
| Appointment of auditors | 373 256 704 (100.00%) |
N/A | 1605 (0.00%) |
| Approval of the comprehensive equity incentive plan and all unvested options, RSUs and DSUs under the comprehensive equity incentive plan | 349 100 456 (99.68%) |
1,117,932 (0.32%) |
N/A |
| Approval of employee stock purchase plan | 320 412 590 (91.49%) |
29 805 798 (8.51%) |
N/A |
The detailed voting results for the election of directors are as follows:
| Name | Voting result | Votes for | Votes withheld |
| Bashir Akwasi Ahmed | The Chosen One | 281 855 663 (80.48%%) |
68 362 725 (19.52%) |
| David Anthony | The Chosen One | 327 736 313 (93.58%) |
22 482 075 (6.42%) |
| Malik Isa | The Chosen One | 350 217 663 (100.00%) |
725 (0.00%) |
| Alex Heath | The Chosen One | 251 935 036 (71.94%) |
98 283 352 (28.06%) |
| Alireza Abbassi Mongezi | The Chosen One | 281 846 525 (80.48%) |
68 371 863 (19.52%) |
| Roger Norwich | The Chosen One | 280 040 663 (79.96%) |
70 177 725 (20.04%) |
| Alexander Smirnov | The Chosen One | 259 365 175 (74.06%) |
90 853 213 (25.94%) |
More detailed information on the above issues is set out in the materials of the Company's meeting, including in the management information circular dated September 18, 2025 (“Circular“), are available in the Company's issuer profile on SEDAR+ at www.sedarplus.ca. The Company also provided a report on the voting results for all resolutions adopted at the SEDAR+ Meeting.
Safety-Based Compensation Plans
At the meeting, shareholders approved the Consolidated Plan and ESS. The Omnibus Plan is a 10% rolling plan and provides options, restricted stock, vested stock and deferred stock. The ESPP is a “capped” plan and provides for the issuance of up to 6,000,000 shares of common stock to eligible employees. The aggregate number of shares of Common Stock reserved for issuance pursuant to the Omnibus Plan, the ESPP and all other securities-based compensation agreements of the Company at any time shall not exceed 10% of the total number of shares of Common Stock issued and outstanding of the Company. Additional information regarding the Omnibus Plan and the ESPP can be found in the circular, which is available under the company's issuer profile on SEDAR+ at: www.sedarplus.ca.
About Asante Gold Corporation
Asante is a gold exploration, development and exploitation company with a high quality portfolio of projects and mines in Ghana. Asante currently operates the Bibiani and Chirano gold mines and continues detailed technical studies at its Kubi gold project. All mines and exploration projects are located in the rich Bibiani and Ashanti gold belts. Asante has an experienced and qualified team of mine detectors, builders and operators with extensive experience in Ghana. The company is listed on the TSX Venture Exchange and the Ghana Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new deposits, all adjacent to or along the strike of major gold mines near the center of Ghana's Golden Triangle.
Additional information is available on the Company's website at: www.asantegold.com
For more information contact:
Dave Anthony, President and CEO
Frederick Attakuma, Executive Vice President and Regional Director
Tel: +1 604 661 9400 or +233 303 972 147
E-mail: [email protected]
LEI code: 529900F9PV1G9S5YD446. Neither IIROC, the TSX Venture Exchange nor any securities exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
