The Asanko Gold MineCommemorating the

Official Commissioning 7 June 2016

a shining star with a bright future

We are very excited about the future of the Asanko Gold Mine.

We are committed to responsible mining in a manner that leads to sustainable development and brings tangible benefits to all our stakeholders.

The Asanko Gold Mine A shining star with a bright future

It is with great pride that we celebrate the official commissioning of Ghana’s newest mine, the Asanko Gold Mine at Obotan in the Amansie West District of the Ashanti Region, and join the ranks of global gold producers.The successful construction and commissioning of the Asanko Gold Mine within budget and a month ahead of schedule augurs well for the mine’s future. We would like to thank all the stakeholders involved – our employees and contractors, local communities, business partners, regulatory authorities and Government - who contributed their part in turning a project plan into a reality. This is a tremendous accomplishment. As we transition from an exploration and development company into a gold producer, we have a duty to all our stakeholders to mine smartly and responsibly and create a positive, self-sustaining legacy. The development of the Asanko Gold Mine offers a golden opportunity to improve quality of life and support the dreams and aspirations of many Ghanaians through employment, wide-ranging socio-economic benefits and skills development. Even before the mine produced its first gold bar, we have implemented a number of empowerment initiatives in education, financial literacy and vocational training to demonstrate our long-term commitment to our host communities. We believe in regular, open and transparent communication with our stakeholders, engaging in strategic partnerships and co-designing social upliftment programmes to achieve mutually beneficial outcomes. For Asanko Gold, corporate social responsibility is fundamental to the long-term success and sustainability of our business. With ongoing support from our host communities, business partners, regulatory authorities and Government, we will continue to strive diligently to keep the Asanko Gold star shining bright for the benefit of all our stakeholders.Thank you for your encouragement and support.

Peter Breese CEO Asanko Gold Inc

Dr Ben Adoo Non-Executive Chairman Asanko Gold Ghana

Peter Breese CEO Asanko Gold Inc

Dr Ben Adoo Non-Executive Chairman Asanko Gold Ghana

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Our Vision To become a mid-tier gold mining company that maximises value for all stakeholders.

Our Mission We will achieve our vision through:• Providing a safe and healthy working environment for all

employees.• Pro-actively engaging with our stakeholders to create and deliver

shared goals.• Making responsible, competitive and efficient use of all our assets.• Developing and implementing the organisational capability

required to achieve and sustain our business and growth objectives.• Pursuing accretive merger and acquisition opportunities.

Our Values Our values have been shaped by our employees and the communities in which we operate. These values are represented locally by the following Adinkra cultural symbols which were specifically chosen by community leaders and endorsed by our employees.

INNOVATIONANANSE NTONTAN

TRANSPARENCYNSAA

INTEGRITYOSRAMNE NSOROMA

CARINGAKOMA

TEAMWORKESE NE TEKYEREMA

COMMITMENTME WARE WO

Asanko employees

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A proudly Ghanaian business

$202 million contribution to the Ghanaian economy

Increased Demand for Local Goods & Services

• 223 Ghanaian businesses supported through procurement of goods and services

• $157 million spent on goods and services from Ghanaian suppliers

Vocational Training• 112 students graduated from the Obotan and

Esaase vocational training centres

Community Support$470,000 spent on projects

Employment Opportunities• 97% workforce Ghanaians

• 38% from local communities

Contribution 2015

Asanko actively supports the Africa Mining Vision (AMV) and we are contributing to the AMV’s objective by ensuring we extend the positive economic impact of the Asanko Gold Mine into the wider Ghanaian economy via procurement, hiring and investment in skills development.

We are also engaging with local, regional and national institutions so that we are aligned, where possible, with broader development goals.

The development of the Asanko Gold Mine offers an opportunity to create a positive and lasting legacy. The mine will be a major economic driver for the local economy through

direct and indirect employment, infrastructure development and the Company’s Community Assistance Programmes and Sustainable Development Projects.

THE AFRICA MINING VISION

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Building the Asanko Gold Mine

The Nkran pit

Over the course of 2015, more than 6 million cubes of water and 21 million tonnes of waste were removed from the pit.

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Over 2,500 workers were employed in the construction of the 3Mtpa carbon-in-leach processing facility, which achieved an excellent safety record of zero lost time injuries over 7.3 million man hours.

Processing facilities

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The Tailings Storage Facility has been built to the highest technical specification and is lined with HDPE liner throughout.

POWERAsanko has built a 30km long, 161kV power line connecting the mine site to the national power grid at the Asawinso substation. Power is supplied by the Volta River Authority.

Our Fihankra Safety Management System has been uniquely designed for the mine to keep our workers safe.

Plant infrastructure

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The Manso Nkran Partial Resettlement ProjectA portion of the Manso Nkran village had to be resettled due to the construction of the Asanko Gold Mine.The project was designed and financed by Asanko Gold and built by the local community for the local community at a cost of US$9 million. The project took seven months to complete and includes 88 houses, a school, a community centre, water storage facilities and a football field. The new site is 45 acres in size, 10 acres bigger than the previous site.

old settlement new settlement

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Setting a new standard in resettlement

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One school with a computer lab

Each house provided with electricity and potable water

Integrated waste

management system

88 houses with kitchen

and bathroom facilities

300 locals employed

All blocks sourced from

local contractors

Health and safety education

Ten contractors, six local

Skills training

One community centre and

one football

field

Street lighting

Large water storage facility with 140,000 litre capacity

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Fostering strong, respectful relationships with our host communitiesCorporate Social Responsibility informs every major action and decision we take. It is embedded in the way we plan, manage and execute our business, engage with our stakeholders and behave towards one another.

We aspire to be a positive contributor to our host country and local communities during mining operations, and to create a positive,

self-sustaining legacy that will survive beyond the life of the mine.

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Our CSR CharterThrough our CSR programs and leadership team, we are committed to providing a safe and healthy place of work for our employees and contractors, demonstrating sound environmental stewardship and fostering meaningful dialogue with the communities in which we operate. Our approach is based on the following principles, as described in our CSR Charter:

• Respecting the human rights of anybody who works for us, supplies good or services to us or is affected in any way by our business activities.

• Complying with our corporate governance principles, national and international laws, industry codes and being a responsible corporate citizen.

• Mitigating our impact on the environment.

• Maintaining a high level of Health and Safety performance.

• Actively identifying opportunities to make a positive and meaningful economic contribution to the communities we operate in beyond the life of our mines.

• Engaging with our stakeholders and taking into consideration their perspectives, concerns, customs and cultural heritage before we act.

• Working closely with landowners prior to commencing activities on the ground and negotiating fair compensation measures.

• Developing the skills and careers of our employees.

• Adhering to our values and demonstrating them in our behavior. We do not tolerate any unethical behavior by any stakeholder involved in our business.

THE ASANKO OPPORTUNITY CYCLE

COMMUNITY

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Working in partnershipWe recognise that our core competency is mining so we have formed strategic partnerships with these well-respected organisations to benefit from their specialist skills and knowledge.

…Building sustainable communities and becoming the partner of choice!

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Improving the quality of life in our host communities, both now and for the futureWe are involved in sponsoring and supporting a wide range of community empowerment initiatives that we believe will have a positive and beneficial impact.All of our support projects are selected based on a series of clear criteria: • Project outcomes must make a material difference to members of our communities. • Initiatives must be owned by the community and sustainable after the life of the mine. • Projects and initiatives must be integrated in nature to support a desired future state. • Projects must be designed in such a manner as to maximise community participation

and management post-completion. • Projects must be of a direct or indirect benefit to the mine. • Projects must be aligned with District Development Plans and not be duplicated. These initiatives have been co-designed in consultation with our local stakeholders and strategic partners.

CSR FOCUS AREAS

EDUCATION • Asanko/CODE literacy improvement programme• Infrastructure & Equipment Support - school blocks, PCs

• Asanko Scholars Programme (Bursaries)

HEALTH • Project CURE Medical supplies & equipment• Asanko Community Health & Wellness

Programmes• Malaria Control Intervention

SKILLS • Asanko/GIZ Skills Development Programme• Financial literacy and Credit Unions

•Artisanal Cooperatives and capacity building• Building business linkages

AGRICULTURE• Pilot youth horticulture project

• Support to the District Agriculture Directorate

INFRASTRUCTURE• Partnerships for infrastructure development

(roads, water, sanitation etc)

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Training local youthIn partnership with GIZ and Don Bosco Youth Network, Asanko has built two vocational training centres at Obotan and Esaase. The centres will teach the local youth trades and skills to enable them to gain employment at the Asanko Gold Mine or pursue entrepreneurial ventures that will benefit from the growth in business opportunities in the area. In 2015, Asanko spent approximately $371,000 on the two training centres. Training is provided in core, practical vocations such as carpentry, masonry, catering, plumbing, metal work, fabrication and electrical installation among others. Successful graduates received National Vocational and Technical Institute (NVTI) proficiency certificates and are set up with the basic ‘tools for their trade’. Since the start of the courses in 2014, 260 students have successfully graduated.

2015 HIGHLIGHTS

Carpentry

Plumbing

Catering

Electrical

Masonry

120 students enrolled at the Obotan and Esaase training centres

67% male and 33% female

112 trainees graduated with a NVTI Level 1 certificate

6 trainees were employed in the construction of Phase 1

3 graduates were employed by contractors working on Phase 1

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Case StudySome of our success stories are presented below.

FELICIA KARIKARI, CATERER“In fact, I never dreamt ever working with a gold mining company, but the Esaase Skills Development Project (ESDP) gave me what it takes to be who I am today. It’s such a great feeling working with other knowledgeable people in the company and am able to complete tasks and duties with professionalism and the greatest sense of care. The pay is really good. Thank you to GIZ, Don Bosco and Asanko.”“In just three months after graduating from the ESDP, I have completely taken over my mother’s traditional kitchen at Asuowinn and I have successfully turned it into a modernised, profitable and locally patronised restaurant, which now serves a variety of dishes and pastries including meat pie, bread, chips, fufu etc. The restaurant is now a preferred choice for many members of the community.”

RAZAK ABUDU, MASON“Masonry is an energy-sapping job, yet easy to find and profitable as well. People are building everywhere in Esaase and the neighboring villages. I am delighted because there is no single day I am not engaged and am able to earn a living for myself and my family. Life is generally better than before.”

GLADYS AGGYEMANG, ELECTRICIANThe greatest opportunity life offered her was the ESDP. “I happily embraced the ESDP from the onset as I bravely opted for training in Electrical Installation, a career which is traditionally perceived to be preserved for males. This perception is real in our rural settings. For me, this project was an opportunity as well as a challenge to compete and prove that given the necessary environment, encouragement and available support, women are equally capable of developing careers in male-dominated technical and industrial fields in Ghana.As a single mother, I had to combine a very busy and difficult schedule of developing myself, raising my child, taking care of my aged mother and attending to my cocoa farm. I am now a beacon of hope to many of my contemporaries and a role model to female trainees after I successfully passed, with distinction, my Proficiency II examinations and subsequently, was offered a job at Asanko, where I currently work as an electrician.”

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Reading GhanaDuring 2015, we commenced preparatory work on our flagship Sustainable Development Project, ‘Reading Ghana’, which is a public-private partnership with CODE, a Canadian NGO with 55 years of experience in advancing literacy and learning, and over 20 years experience of working in Ghana. The project will be launched in 2016 and be rolled out over a six year period across the Ashanti Region, including the catchment area surrounding Asanko’s operations. ‘Reading Ghana’ is a comprehensive literacy program whose ultimate goal is to improve learning outcomes of primary and secondary school children through the acquisition of reading, writing and critical thinking skills. By improving student learning outcomes in upper primary and junior secondary school, this initiative supports completion rates and contributes to strengthening the basics skills of youth in the region. These youth can then continue onto secondary high school, transition to TVET training or enter the workforce. Providing children and youth with strong foundational literacy skills will contribute to their abilities to be critical thinkers, problem solvers, providers for their own well being and, consequently, effective contributors to their communities and the economy overall.

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In line with Ghana’s objective of continuously improving its socio-economic indicators, there is an opportunity across the country to address challenges relating to poverty, healthcare provision, access to education, unemployment and gender inequality, and the Amansie West District is no exception. The majority of these challenges can be attributed to lack of access to financial capital and other financial services that are needed to both trigger and support economic growth.In July 2015, Asanko, with support from GIZ, consulted with community members through consultative meetings regarding the establishment of a credit union. The proposal was overwhelmingly positive, with over 93% of people polled supporting the idea and believing it would be beneficial to the community.

Credit Unions are member-owned, not-for-profit financial cooperatives that provide savings, credit and other financial services to their members. Credit union members pool their savings and deposits to finance loans to other members and benefit from higher returns on savings, lower interest rates and fewer fees.The Obotan Cooperative Credit Union (OCCU) was formally launched in December 2015 and to date has a membership of over 460 across seven catchment communities. Its aim is to become the leading financial services provider within the Amansie West District of the Region. Asanko has provided GHc50,000 in seed capital and donated an office, which cost $50,000 to build.By December 2016, the OCCU is targeting to have a membership base of 2,000 and a capital base of GHc 100,000. The OCCU is an affiliate member of the Credit Union Association of Ghana, the umbrella association of all credit union activities in Ghana.

Case Study: The Obotan Co-Operative Credit Union

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Environmental StewardshipProtection of the environment in which we operate is key to the long-term success of Asanko Gold Mine. We minimise our environmental footprint through the careful management of the habitat and our mining operations, including mine waste treatment and disposal, and prudent use of natural resources, such as water and energy. This commitment is manifested in our Environmental Charter, which guides our everyday actions and responsibilities in relation to environmental protection. Asanko is committed to complying in full with Ghanaian legal and regulatory requirements for environmental management for the extractive industry. This includes the Ghanaian Environmental Protection Agency’s Environmental Performance Rating and Disclosure Methodology for Mining Companies (AKOBEN Program). As part of its monitoring program, Asanko has established a network of surface water monitoring points and environmental monitoring boreholes from which water quality and quantity are monitored regularly. The results from these monitoring activities comply with established baseline characteristics.

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Asanko is assisting local communities with access to clean and reliable water supplies and conducts regular water quality monitoring of potable boreholes in the catchment communities. In 2016, we will establish five new water boreholes to assist with the sustainability of community water supplies. During 2015, the Environment Department, in collaboration with the Community Affairs Department, implemented an environmental awareness program for the local communities within the Project’s catchment area. The program was designed to inform local communities of Asanko’s environmental monitoring programs, including water resources management, dust and noise monitoring. The Company also conducted training for community representatives on blast monitoring, and currently conducts joint blast monitoring with community representatives. In 2016, this program will be broadened, in partnership with GIZ, to include an Environmental Sanitation Implementation Plan (ESIP) for the Amansie West District Assembly. The ESIP aims to improve sanitation conditions within the communities through education on household hygiene and efficient segregation of waste materials and waste disposal in the communities.

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Aerial view of the Asanko Gold Mine under construction September 2015

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The Asanko Gold Mine is a proudly Ghanaian business that will deliver significant benefits to the people of Ghana.

Charles Amoah General Manager - Operations The Asanko Gold MineTelephone: +233 (0) 50 373 5542 +233 (0) 24 135 1700

Rammy Oboro Community Affairs Manager The Asanko Gold MineTelephone: +233 (0) 20 894 9204 +233 (0) 24 434 3770

www.asanko.com

Frederick Attakumah Executive: Corporate Affairs Asanko Gold GhanaTelephone: +233 302 761 454 Address: #4 Sir Arku Korsah Road Airport Residential Area, Accra, Ghana

CONTACT DETAILS