Mr. Allan Laboucan reports

ADVANCE GOLD ANNOUNCES PRIVATE PLACEMENT FINANCING

Advance Gold Corp., subject to the approval of the TSX Venture Exchange, proposes to undertake a non-brokered private placement of units at a price of 10 cents per unit. Each unit shall comprise one common share in the capital of the company and one common share purchase warrant, with each warrant being exercisable to purchase one common share at a price of 12 cents per share at any time within 24 months of the date of issuance.

The financing will be for a maximum of $250,000 resulting in 2.5 million units being issued. Funds will be used to advance the Tabasquena project and for general corporate purposes.

The company intends to close the private placement immediately following the satisfaction of customary closing conditions, including receipt of all regulatory approvals. There are no material facts or material changes relating to the company that have not been previously disclosed.

About Advance Gold Corp.

Advance Gold is a TSX-Venture-Exchange-listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

We seek Safe Harbor.