Ashanti Gold Corp. GULSF

Message from GUL

[snafur]

I received the following yesterday from Gulf, may ease the waiting. Hopefully, the IR campaign is successful. We apologize for any delays. We will only distribute news when there is something of substance. We can tell you that the first of the North Sea projects will be drilled towards the end of the year, with the others being drilled in the first half of 2007. The delay has been frustrating for all concerned but we are fast approaching target dates. The IR campaign is ramping up and is beginning immediately. You will notice that the market in Canada is tight, as more buyers bid the stock with fewer sellers. The reason for this is the market is starting to realize that we are approaching drill dates. We will be updating the company status as we move forward. As a company, we anticipate that the pending announcements and defined drill dates will move the stock to higher prices, as the best is yet to come. Thank you for your patience.