Ms. Camilla Golding reports

ASANTE PROVIDES FINANCING UPDATE

Asante Gold Corp.'s senior lenders have provided additional waivers in relation to the company's financing arrangements. The matter involves the company's senior facilities agreement and mezzanine facility agreement, its stream purchaser and its hedge counterparty.

As previously disclosed, Asante was required to secure aggregate new financing of at least $100-million (U.S.) by Oct. 31, 2026 (refer to news releases dated Aug. 24, 2026, and Sept. 30, 2026). The lenders, stream purchaser and hedge counterparty have agreed to extend the waiver arrangements for completion of the financing to Nov. 30, 2026. The company is evaluating a number of financing alternatives with its financing partners to secure and optimize the financing by Nov. 30, 2026.

As previously disclosed, the company continues to work with its lenders, stream purchaser and other financing partners as it advances its longer-term financing solution.

Asante will continue to update the market as appropriate.

About Asante Gold Corp.

Asante Gold is a growing mid-tier gold producer, developer and explorer with a high-quality portfolio of assets located on two of West Africa's most prolific and prospective gold belts in Ghana.

We seek Safe Harbor.