20170111 nr cfo announcement final · 1/11/2017  · 20170111_nr_cfo announcement_final author:...

PRESSRELEASE

ASANKOGOLDANNOUNCESMANAGEMENTCHANGEVancouver,BritishColumbia,January11,2017–AsankoGoldInc.(“Asanko”orthe“Company”)(TSX,NYSEMKT:AKG)announcestheappointmentofFaustoDiTrapaniasChiefFinancialOfficer,effectiveimmediately,following the resignation ofGregMcCunn,whohas decided to pursue other business opportunities.MrMcCunnwillbeavailableinanadvisorycapacityasrequiredtosupportaseamlesstransitionaspartofalongtermsuccessionplan.Mr.DiTrapani,aCharteredAccountant,joinedAsankoin2012asExecutive:FinanceandhasplayedamajorroleinthetransformationoftheCompany’sFinancefunctionfromlatestageexplorationthroughprojectdevelopmentandproductiontothemulti-jurisdictionalfullyintegratedfunctionitistoday.ThishasincludedthedeploymentofagroupwideERPsystemtoimproveforecastingandbudgetarycontrols,securingtheRedKiteprojectfinancefacilityandleadingtheCompany’sprocurementprocessestobringtheAsankoGoldMineintoproductionontimeandunderbudget.Duringhis18yearcareer,Faustohasheldanumberofseniorfinancialmanagement roles at significant listed resource companies includingMantra Resources,NorilskNickelInternationalandBHPBilliton.HeholdsanHonoursBachelorofAccountingSciencesdegree.Commentingonthemanagementchange,PeterBreese,PresidentandCEO,said“I’dliketothankGregforhis enormous contribution to Asanko over the past five years. During this time, Asanko has successfullytransitionedfromajuniorexplorationcompanyintoagrowthorientedgoldproducerwithastrongbalancesheetandfinancialflexibility.Iwishhimgreatsuccessinhisfutureendeavours.As Asanko moves forward, Fausto’s strong financial background and solid African experience will beinstrumental aswe strive to successfully execute our second phase of growth, startingwith the recentlyapprovedPhase2Agrowthproject.”Enquiries:Forfurtherinformationpleasevisit:www.asanko.com,email:info@asanko.comorcontact: AlexBuck-Manager,InvestorandMediaRelationsToll-Free(N.America):1-855-246-7341Telephone:+44-7932-740-452Email:alex.buck@asanko.comWayneDrier-Executive,CorporateDevelopmentTelephone:+1-778-729-0614Email:wayne.drier@asanko.com

AboutAsankoGoldInc.Asanko’svisionistobecomeamid-tiergoldminingcompanythatmaximizesvalueforallitsstakeholders.TheCompany’sflagshipprojectisthemulti-millionounceAsankoGoldMinelocatedinGhana,WestAfrica.Asanko ismanagedbyhighlyskilledandsuccessful technical,operationalandfinancialprofessionals.TheCompany is strongly committed to the highest standards for environmental management, socialresponsibility,andhealthandsafetyforitsemployeesandneighbouringcommunities.