Asanko Gold to Acquire PMI to Create an Emerging Mid-Tier Gold Producer

Asanko Gold

and PMI Gold Corporation

are pleased to announce that they have entered into a definitive agreement whereby Asanko will acquire all of the common shares of PMI (the "Business Combination") to create an emerging mid-tier gold producer with a clear pathway to 400,000 ounces of annual gold production. A joint conference call and webcast hosted by Peter Breese and Peter Bradford will be held today at 4:00pm (EST) and 1:00pm (PST) (8:00am Wednesday in Sydney) to discuss this transaction. Call-in details are provided at the end of this release. Highlights:-- Combination of the neighbouring Esaase and Obotan gold projects in Ghana, West Africa, with a combined Resource base of 7.5 million ounces Measured & Indicated Resources and an additional 2.9 million ounces Inferred Resources, of which 4.8 million ounces are categorized as Proven and Probable Mineral Reserves (1,2,3,4&5) -- Pathway to approximately 400,000 ounces of annual gold production by 2017, creating a mid-tier gold producer