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January 31, 2018 TSX-V: AAX


ADVANCE GOLD ANNOUNCES INCREASE TO PRIVATE PLACEMENT FINANCING

Kamloops, British Columbia: Advance Gold Corp. (TSXV: AAX) ("Advance Gold" or "the Company") announces that, subject t
--->o the approval of the TSX Venture Exchange, it has increased its private placement financing, previously announced Jan
--->uary 19, 2018, from $180,000 to $190,000. The private placement is comprised of units (the "Units") at a price of 6 ce
--->nts ($0.06) per Unit. Each Unit shall be comprised of one common share in the capital of the Company and one common sh
--->are purchase warrant. 

Each warrant shall entitle the holder to purchase one common share at a price of 8 cents ($0.08) per share at any time
---> within 24 months of the date of issuance.  All securities to be issued under this private placement will be subject t
--->o a four-month resale restriction. 

The Company intends to close the private placement immediately following the satisfaction of customary closing conditi
--->ons, including receipt of all regulatory approvals. Advance Gold will use the net proceeds of this private placement f
--->or general corporate purposes and to advance our Tabasquena silver project in Zacatecas, Mexico.  

About Advance Gold Corp. (AAX.V)

Advance Gold is a TSX-V listed junior exploration company focused on exploring and acquiring mineral properties contai
--->ning precious metals. The Company currently has a 14% interest on the Kakamega advanced gold project in Kenya.  The re
--->maining 86% of the Kakamega project is held by Acacia Exploration Kenya Ltd. If Advance Gold elects to be diluted to l
--->ess than 10% of the project, it retains an uncapped 3% NSR.

Advance Gold has recently acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico.
For further information, please contact: Allan Barry Laboucan, President and CEO Phone (604) 505-4753
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 o
--->f future performance and actual results  may  differ  materially  from those  in forward based on the beliefs, estimat
--->es 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 fac
--->tors should change, except as required by law.

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