Mr. James Gillis reports

ADVANCE GOLD CORP. ANNOUNCES 5:1 SHARE CONSOLIDATION

Advance Gold Corp., further to its news releases of Feb. 27, 2014, and May 2, 2014, and as approved by shareholders and accepted by the TSX Venture Exchange, will effect a consolidation of its issued securities on the basis of five old shares for one new share, subject to adjustment as a result of fractional share rounding such that each fractional share resulting from the consolidation that is less than one-half of a share will be cancelled and each fractional share that is at least one-half of a share will be changed to one whole share. At the open of market on Monday, Dec. 1, 2014, the company's common shares will commence trading on the TSX Venture Exchange on a 1:5 postconsolidated basis under the company's current trading symbol "AAX."

There is no change of name associated with the consolidation.

The company's transfer agent will be mailing to registered shareholders a letter of transmittal for shareholders to use to exchange existing share certificates for share certificates representing shares on a consolidated basis. No action is required to effect consolidation of beneficially held securities by non-registered shareholders who hold securities of the company through an intermediary or broker.

Details with respect to the proposed consolidation are included in the information circular dated March 27, 2014, which was prepared by Advance Gold's management and mailed to shareholders in connection with the special meeting held on May 1, 2014. The information circular is electronically filed with regulators and available for viewing under Advance Gold's issuer profile on the SEDAR website.

We seek Safe Harbor.