Mr. Allan Laboucan reports

ADVANCE GOLD ANNOUNCES SECOND INCREASE TO PRIVATE PLACEMENT FINANCING

Subject to the approval of the TSX Venture Exchange, Advance Gold Corp. proposes to increase to $725,000 its previously announced (see news releases dated July 20, 2020, and July 22, 2020) non-brokered private placement of units at a price of 10 cents per unit for gross proceeds of $725,000. Each unit shall be composed of one common share in the capital of the company and one common share purchase warrant.

Each warrant shall entitle the holder to purchase one common share at a price of 12 cents 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 to a four-month resale restriction.

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.

In addition, Advance Gold holds a 12.84-per-cent interest on strategic claims in the Liranda corridor in Kenya, East Africa.

We seek Safe Harbor.