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Asante Announces Receipt of Net Proceeds from $125M Mezzanine, $50M Stream, $10M Non-Brokered Private Placement Financings, $5M Senior Debt First Utilization

VANCOUVER, British Columbia, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE, GSE: ASG, FRANKFURT:1A9, OTCQX:ASGOF) ("Asante" or the "Company") is pleased to announce that, further to its news release dated August 11, 2025 announcing the execution of definitive agreements relating to an approximately $500 million financing package (the "Financing Package"), the Company has closed and received the net proceeds from the subordinated debt facility in the gross amount of $125 million ("M") (the "Mezzanine Facility"), the gold stream financing in the gross amount of $50M (the "Gold Stream") and the non-brokered private placement of common shares in the capital of the Company ("Common Shares") to certain funds advised by Appian Capital Advisory Limited ("Appian") for gross proceeds of $10M (the "Non-Brokered Private Placement"). All amounts are in U.S. dollars unless otherwise indicated.

Pursuant to the Non-Brokered Private Placement, the Company issued 9,484,828 Common Shares to Appian at a price equal to the U.S. dollar equivalent of C$1.45 per Common Share for aggregate gross proceeds to the Company of $10M. The Common Shares issued to Appian are subject to a statutory four month hold period pursuant to applicable Canadian securities laws which will expire on December 14, 2025.

In addition, the Company has completed a $5M first utilization of the previously announced senior debt facility of $150M (the "Senior Debt Facility"). Together with the net proceeds from the previously announced brokered private placement of subscription receipts (including the $53M payment to Kinross Gold Corporation announced on August 12, 2025) and the net proceeds from the Mezzanine Facility, Gold Stream and Non-Brokered Private Placement financings noted above, ...