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File: News Release - announcing closing (AAX 13May2016).docx

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May 13, 2016           TSX-V: AAX

ADVANCE GOLD CORP. CLOSES $49,000 PRIVATE PLACEMENT

Advance Gold Corp. ("Advance Gold" or the "Company") announces that it has closed the $49,000 non-brokered private pla
--->cement previously announced on April 20, 2016, having issued 980,000 common shares in the capital of the Company at a 
--->price per share of $0.05 to a private company controlled by Jim Gillis, the President, Chief Executive Officer and a d
--->irector of Advance Gold, the sole subscriber to the offering.  The shares issued under this offering are subject to a 
--->hold period until September 14, 2016, in accordance with applicable securities legislation and the polices of the TSX 
--->Venture Exchange.  The proceeds of the private placement will be used by the Company for general corporate purposes.

Mr. Gillis's involvement in this offering resulted in related party considerations pursuant to TSX Venture Exchange Po
--->licy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-
--->101").  Advance Gold relied on section 5.5(c) of MI 61-101 for an exemption from the formal valuation requirement and 
--->Section 5.7(1)(b) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the
---> fair market value of the securities distributed in the transaction did not, nor did the cash consideration received b
--->y Advance Gold for the securities, insofar as the transaction involved interested parties, exceed $2,500,000.  As a re
--->sult of the transaction, Mr. Gillis's voting interest (direct and indirect) in the Company increased from approximatel
--->y 9.7% to approximately 19.9%.  As of the date of this release, Advance Gold has four independent directors in respect
---> of the transaction, who are not employees of the Company, all of whom approved the transaction.  Neither Advance Gold
---> nor, to the knowledge of Advance Gold after reasonable inquiry, Mr. Gillis has knowledge of any material information 
--->concerning Advance Gold or its securities that has not been generally disclosed.


About Advance Gold Corp:  Advance Gold is focused on acquiring and developing gold and precious metal projects in stab
--->le jurisdictions with manageable risk.  

For further information, please contact:
Jim Gillis, President
Advance Gold Corp.
432 Royal Avenue
Kamloops, BC  V2B 3P7
Phone  1.250.574.5011
Fax  1.250.828.2269
www.advancegold.ca
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statemen
--->ts are statements that are not historical facts and are generally, but not always, identified by the words "expects", 
--->"plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that e
--->vents or conditions "will", "would", "may", "could" or "should" occur.  Although the Company believes the expectations
---> expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees 
--->of future performance and actual results may differ materially from those in forward looking statements. Forward looki
--->ng statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements 
--->are made. The Company undertakes no obligation to update these forward-looking statements in the event that management
--->'s beliefs, estimates or opinions, or other factors should change, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMI
--->NATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE
---> SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER T
--->HE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN T
--->HE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM. 



File: News Release - announcing closing (AAX 13May2016).pdf

          THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES
                              OR TO U.S. NEWS AGENCIES




May 13, 2016                                                                               TSX-V: AAX

                 ADVANCE GOLD CORP. CLOSES $49,000 PRIVATE PLACEMENT

Advance Gold Corp. ("Advance Gold" or the "Company") announces that it has closed the $49,000
non-brokered private placement previously announced on April 20, 2016, having issued 980,000
common shares in the capital of the Company at a price per share of $0.05 to a private company
controlled by Jim Gillis, the President, Chief Executive Officer and a director of Advance Gold, the
sole subscriber to the offering. The shares issued under this offering are subject to a hold period until
September 14, 2016, in accordance with applicable securities legislation and the polices of the TSX
Venture Exchange. The proceeds of the private placement will be used by the Company for general
corporate purposes.

Mr. Gillis's involvement in this offering resulted in related party considerations pursuant to TSX
Venture Exchange Policy 5.9 and Multilateral Instrument 61-101   Protection of Minority Security
Holders in Special Transactions ("MI 61-101"). Advance Gold relied on section 5.5(c) of MI 61-101 for
an exemption from the formal valuation requirement and Section 5.7(1)(b) of MI 61-101 for an
exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value
of the securities distributed in the transaction did not, nor did the cash consideration received by
Advance Gold for the securities, insofar as the transaction involved interested parties, exceed
$2,500,000. As a result of the transaction, Mr. Gillis's voting interest (direct and indirect) in the
Company increased from approximately 9.7% to approximately 19.9%. As of the date of this release,
Advance Gold has four independent directors in respect of the transaction, who are not employees of
the Company, all of whom approved the transaction. Neither Advance Gold nor, to the knowledge of
Advance Gold after reasonable inquiry, Mr. Gillis has knowledge of any material information
concerning Advance Gold or its securities that has not been generally disclosed.


About Advance Gold Corp: Advance Gold is focused on acquiring and developing gold and
precious metal projects in stable jurisdictions with manageable risk.


For further information, please contact:
Jim Gillis, President
Advance Gold Corp.
432 Royal Avenue
Kamloops, BC V2B 3P7
Phone 1.250.574.5011
Fax 1.250.828.2269
www.advancegold.ca
This news release contains certain statements that may be deemed "forward-looking statements.
Forward looking statements are statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",


                                                    1
 "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ materially from those in forward
looking statements. Forward looking statements are based on the beliefs, estimates and opinions of
the Company's management on the date the statements are made. The Company undertakes no
obligation to update these forward-looking statements in the event that management's beliefs,
estimates or opinions, or other factors should change, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO
SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE
SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND
MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS
REGISTERED OR EXEMPT THEREFROM.




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