Asante Gold CEO Anthony to retire May 15

Executive Summary

• Asante Gold Corp. announced a comprehensive leadership transition, appointing Campbell Baird as Chief Operating Officer and initiating a formal search for a new CEO following the retirement of Dave Anthony.
• The company is bolstering its governance and strategic advisory capabilities by retaining Michele Muscillo and Kevin Tomlinson as advisers to support operational excellence, risk management, and capital market initiatives.
• Director Dr. Roger Norwich will also retire from the board, marking a significant shift in executive and board composition as the company continues its production ramp-up at the Bibiani and Chirano gold mines.

Key Details

• COO Appointment: Campbell Baird appointed Chief Operating Officer, effective immediately. Brings over 30 years of international mining experience across exploration, development, and production environments in Africa, Australia, and North America.
• COO Mandate: Focus on strengthening operational execution, improving production efficiencies, and driving operational excellence at the Bibiani and Chirano gold mines during their ramp-up toward planned production levels.
• CEO Retirement: Dave Anthony to retire as President & CEO and Director, effective May 15, 2026. Served as CEO since March 2022 (previously COO since July 2021).
• CEO Track Record: Led the company's transformation from a development-stage entity to a producing gold company, strengthened operational foundations at Bibiani and Chirano, and raised over $500 million USD in development capital.
• CEO Succession: Formal search for a new CEO has been initiated. Anthony will remain in an advisory capacity post-retirement for a defined transitional period to ensure operational continuity.
• Director Retirement: Dr. Roger Norwich to retire as Director, effective March 10, 2026. Served on the board since August 2020, with active committee roles in audit, compensation/governance/nominating, ESG, technical, and special committees.
• Advisory Appointments: Michele Muscillo (Partner, HopgoodGanim Lawyers) and Kevin Tomlinson (former MD at Westwind Partners/Stifel Nicolaus) retained as advisers effective immediately.
• Advisory Scope: Muscillo will leverage expertise in corporate governance, capital markets, and cross-border transactions. Tomlinson will provide 40+ years of experience in exploration, mine development, project financing, and M&A (including leading Cardinal Resources' $587M sale to Shandong Gold).
• Strategic Focus: Both advisers will strengthen governance structures, enhance risk management frameworks, and provide specialized technical support to drive operational excellence and advance strategic initiatives.

Notable Quotes

• Malik Easah (Executive Chairman) on Campbell Baird: "Campbell brings deep operational experience and a strong track record of delivering improvements across complex mining operations. His appointment strengthens Asante's operational leadership at a critical time as we continue to focus on execution, efficiency and long-term value creation."
• Malik Easah (Executive Chairman) on Dave Anthony: "The company owes Dave a debt of gratitude. In July, 2021, I asked Dave to shelve his retirement plans, and, then, in March, 2022, the board of directors appointed him to be president and CEO. Now, almost five years later and having helped build a solid base for the future, it is only fair that we allow him to retire again. We wish Dave well."