An anonymous director reports

ADVANCE GOLD CLOSES $190,000 PRIVATE PLACEMENT FINANCING

Further to Advance Gold Corp.'s news releases dated Jan. 19, 2018, and Jan. 31, 2018, the TSX Venture Exchange has accepted documents for closing the company's $190,000 private placement financing.

The company will issue 3,166,667 units, each unit comprising one common share in the capital of the company and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at a price of eight cents per share at any time within 24 months of the date of issuance.

All securities issued pursuant to the financing are subject to a four-month hold period. The company will use the net proceeds of this private placement for general corporate purposes and to advance its Tabasquena silver project in Zacatecas, Mexico.

About Advance Gold Corp.

Advance Gold is a TSX Venture Exchange-listed junior exploration company focused on exploring and acquiring mineral properties containing precious metals. The company currently has a 14-per-cent interest on the Kakamega advanced gold project in Kenya. The remaining 86 per cent of the Kakamega project is held by Acacia Exploration Kenya Ltd. If Advance Gold elects to be diluted to less than 10 per cent of the project, it retains an uncapped 3-per-cent net smelter return.

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