Mr. Jim Gillis reports

ADVANCE GOLD APPOINTS NEW PRESIDENT AND CEO AND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Advance Gold Corp. has appointed Allan Barry Laboucan of the Allan Barry Reports as the president and chief executive officer of the company, effective immediately, to fill the vacancy created by the resignation of James Gillis as president and CEO of the company. Mr. Gillis will continue as a director of the company and will also be appointed chairman of the board of directors of the company. Mr. Laboucan is a first nations mining entrepreneur who started working in the mining sector in 1993. The company will benefit from his experience and network of professionals in the diamond and gold mining sectors.

Advance Gold will also conduct a non-brokered private placement of 10 million common shares in the capital of the company at a price per share of five cents for gross proceeds of $500,000.

Finders' fees in amounts to be determined may be paid to parties who introduce the company to subscribers.

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.