Mr. Jim Gillis reports

ADVANCE GOLD CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Advance Gold Corp. will conduct a non-brokered private placement of 980,000 common shares in the capital of the company at a price per share of five cents for gross proceeds of $49,000. A private company controlled by Jim Gillis, the president, chief executive officer and a director of Advance Gold, will be the sole subscriber to the offering, resulting in related party considerations pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions, for which Advance Gold will rely on exemptions from formal valuation and minority shareholder approval requirements provided for in MI 61-101.

In accordance with applicable securities legislation, the common shares to be issued will be subject to a hold period of four months and one day from the date of issuance of the securities. The proceeds of the private placement will be used by the company for general corporate purposes.

We seek Safe Harbor.