Ashanti Gold Corp. announced its first assay results from the recently completed 105 hole Reverse Circulation (“RC”) and Diamond Drill (“DD”), 12,283 metre drill program that tested mineralization on the Kossanto East Project (the “Property”) in western Mali. These results report assay data for three drill holes from the Gourbassi East main zone and include GERC242, GERC243 and GERC245. All three holes include multi-metre, multi-gram intercepts with local high grade zones. These holes, and others with assay results to follow, test mineralization down dip, along strike and along section fences to provide sufficient data for a resource estimate later this year. Importantly, mineralized intervals reported here lie along zones of mineralization interpreted and predicted from previous drilling and thereby will favorably support geologic and resource modeling. The Kossanto East Project is a 66.41 km2 concession in the prolific Kedougou - Kenieba Inlier, the northwestern most exposure of Birimian rocks in West Africa and host to the Loulo and Sadiola group of world class gold deposits. The Property hosts two principal historically drill-tested targets, Gourbassi East and Gourbassi West and several surface anomalies identified in historic surface samples and Rotary Airblast (RAB) drill holes. Geochemical anomalies identified by previous explorers led to drill testing and successful intersection of gold mineralization. The results reported here are from Gourbassi East. Further results from Gourbassi East and Gourbassi West are anticipated in the coming weeks.