Mr. Paul Haber reports

ADVANTAGEWON OIL CORP. CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release on April 26, 2023, announcing non-brokered private placement of up to eight million units of the company at a price of five cents per unit for aggregate gross proceeds of up to $400,000, Advantagewon Oil Corp. has closed the first tranche of the offering through the issuance of 2.6 million units at a price of five cents per unit for aggregate gross proceeds of $130,000 on April 28, 2023.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles its holder to purchase one additional common share at an exercise price of six cents per common share for a period of 24 months from the date of issue. All securities issued in connection with the private placement will be subject to a four-month-and-a-day hold period under applicable securities laws.

The company intends to use the net proceeds from the first tranche: (i) for general working capital for business and corporate matters; (ii) to prepare its financial statements; and (iii) to pay its auditor.

About Advantagewon Oil Corp.

Advantagewon's common shares are listed on the OTC Markets in the United States and on the Canadian Securities Exchange in Canada. Advantagewon is a member of the CSE Composite Index (CSE: AOC).

We seek Safe Harbor.