Mr. James Atkinson reports

ADVANCED GOLD EXPLORATION INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Further to the press releases of Nov. 27, 2023, and Dec. 4, 2023, Advanced Gold Exploration Inc. has closed its previously announced non-brokered private placement through the issuance of 5,633,332 flow-through units at a price of three cents per FT unit for aggregate gross proceeds of $169,000.

Each FT unit is composed of one common share, issued on a flow-through basis, and one common share purchase warrant, issued on a non-flow-through basis. Each FT warrant shall entitle the holder thereof to acquire one common share at a price of five cents per common share for a period of five years from the date of issuance. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government's critical mineral exploration tax credit.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The gross proceeds from the sale of the FT units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada). The closing of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange.

About Advanced Gold Exploration Inc.

Advanced Gold (formerly Advance United Holdings Inc.) brings an entirely different approach to the mining industry. It does not mine. Rather, it has acquired a portfolio of undervalued gold properties and is increasing their value through the application of modern technology. It has a growing pipeline of similar properties that it is looking to acquire. It is involved exclusively in the acquisition and advancement of past projects -- with no intent to bring them back into production or to mine them itself. Its expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but, it believes, have economic value at today's prices. It finances the reworking historic data and applying modern technology to underwrite new qualified reports and document quantifiable resources and reserves to current standards, thereby recognizing the current value. Its purpose is to bring immediate and long-term value to its partners and shareholders while seeking to eliminate exploration risk, so that it can all advance in the shortest possible time frame.

We seek Safe Harbor.