Mr. James Gillis, an investor, reports

James T. Gillis of 1100, 235 First Ave., Kamloops, B.C., on Dec. 31, 2012, acquired ownership of 88,000 common shares of Advance Gold Corp., representing approximately 0.25 per cent of the issuer's then issued and outstanding common shares. Following this acquisition, Mr. Gillis owned, directly and indirectly, 2,334,750 common shares in the capital of the issuer, representing approximately 6.52 per cent of the issuer's then issued common shares, and owned, directly and indirectly, options and warrants entitling the purchase of an aggregate 1.4 million common shares of the issuer, or, assuming exercise of these options and warrants, a total of 3,734,750 common shares or approximately 10.04 per cent of the issuer's issued and outstanding common shares on a postconversion beneficial-ownership basis. The shares were purchased by Mr. Gillis for 4.5 cents per share through the facilities of the TSX Venture Exchange for investment purposes, which investment in the issuer will be evaluated and increased or decreased from time to time at Mr. Gillis's discretion.

As of the date of this press release, Mr. Gillis owns, directly and indirectly, 2,534,750 common shares in the capital of the issuer, representing approximately 6.89 per cent of the issuer's issued common shares, and owns, directly and indirectly, options and warrants entitling the purchase of an aggregate 1.6 million common shares of the issuer, or, assuming exercise of these options and warrants, a total of 4,134,750 common shares or approximately 10.77 per cent of the issuer's issued and outstanding common shares on a postconversion beneficial-ownership basis.

A report respecting this acquisition will be electronically filed with the securities commissions in British Columbia and Alberta, and will be available for viewing through the Internet on SEDAR.