Mr. Arndt Roehlig reports

ADVANCED GOLD ANNOUNCES CLOSING OF OFFERING, ACQUISITION OF SILVER BELLE PROJECT AND VERTICAL AMALGAMATION

Further to Advanced Gold Exploration Inc.'s press release of Feb. 27, 2026, it has closed its non-brokered private placement through the issuance of 4,885,000 units at a price of 20 cents per unit for aggregate gross proceeds of $977,000.

Each unit comprises one common share in the capital of the company and one-half of one whole common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share at a price of 30 cents per common share for a period of two years from the date of issuance.

All securities issued pursuant to the offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The gross proceeds of the offering shall be used for general corporate and working capital purposes.

In connection with the offering, the company paid certain eligible persons a cash commission of an aggregate of $59,760 and issued an aggregate of 286,800 broker warrants. Each broker warrant entitles the holder thereof to acquire one common share at a price of 30 cents per common share for a period of two years from the closing of the offering.

The offering constituted a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions as insider of the company subscribed for an aggregate of 150,000 units. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the company is not listed on a specified market and the fair market value of the participation in the private placement by the insider does not exceed 25 per cent of the market capitalization of the company in accordance with MI 61-101. The company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the offering, which the company deems reasonable in the circumstances in order to complete the offering in an expeditious manner.

In addition, further to the company's press release of Feb. 27, 2026, and pursuant to a mineral property purchase and sale agreement dated Feb. 26, 2026, with Stream Metals LLC and Kadenwood Development Corp. (collectively, the vendors) it has issued an aggregate of 1.5 million common shares to the vendors as partial consideration for the Silver Belle project located in Eureka county, Nevada.

Finally, the company is pleased to announce that effective as of 12:01 a.m. ET on March 17, 2026, it has completed a vertical short form amalgamation with its wholly owned subsidiary, Talisker Gold Corp. (the subsidiary).

The amalgamation of the company and its subsidiary was undertaken in order to simplify the corporate structure of the company and to reduce administrative costs.

No securities of the company will be issued in connection with the amalgamation and the company's share capital will remain unchanged. All of the issued and outstanding shares of the subsidiary will be cancelled, and the assets, liabilities and obligations of the subsidiary will be assumed by the company. The amalgamation will not have any significant effect on the business and operations of the company and the shares of the company will continue to be listed on the Canadian Securities Exchange.

About Advanced Gold Exploration Inc.

Advanced Gold Exploration is a Canadian mineral exploration company with a portfolio of Canadian gold and copper properties. The company's expertise is in identifying and acquiring undervalued properties with significant historical work, which it believes it can enhance their economic value at today's prices. The company's purpose is to bring immediate and long-term value to its partners and shareholders.

We seek Safe Harbor.