Mr. Charles Dove reports

ADVANTAGEWON PROVIDES PRODUCTION UPDATE

Advantagewon Oil Corp. has provided today an update on the production increase achieved on the 32 additional wells recently put back into production.

As previously announced in the corporation's July 23, 2018, press release, the corporation anticipated that combined production from these 32 wells would ultimately add approximately 16 barrels to 64 barrels of oil per day and indicated it would provide a progress report mid-August. As of the date of this press release, the 32 wells have added production of 22 barrels of oil per day. The corporation is continuing work to better equip some of these wells and anticipates further improvements. Operations are under way on additional wells to improve their deliverability.

As stated in the corporation's April 30, 2018, press release, the corporation has been diligently working on identifying and evaluating opportunities in the LaVernia area. This work was instrumental in increasing the undiscounted reserve value in LaVernia, which, as stated in the corporation's National Instrument 51-101 report, increased from $98,712,300 (U.S.) in 2016 to $175,867,450 (U.S.) in 2017, representing a 78-per-cent increase in the undiscounted reserve value.

The corporation has prepared the first of the two wells drilled last March for the frac to address the formation damage. The procedure on the well has been delayed as cost quotes on the frac on the single well have been high and additional quotes have been requested.

About Advantagewon Oil Corp.

Advantagewon is focused on building consistent cash flow from low-cost, low-risk oil wells in the state of Texas. Advantagewon applies specialized expertise to increase oil recovery from 10 per cent to 15 per cent to up to 75 per cent for each well.

We seek Safe Harbor.