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Advance United appoints corporate secretary, directors

2021-06-21 10:17 ET - News Release

Mr. Jim Atkinson reports

ADVANCE UNITED HOLDINGS INC. ANNOUNCES NEW BOARD OF DIRECTORS APPOINTMENTS WITH A DIFFERENT APPROACH TO JUNIOR GOLD MINING FAILURE - DON'T

Advance United Holdings Inc. (Au Holdings) has appointed Chris Irwin, independent corporate secretary, Daniele Spethmann, independent director, and Vishal Gupta, independent director.

Forty-year mining industry veteran Jim Atkinson, chief executive officer and director of Au Holdings, says: "Au Holdings is a different kind of junior mining company involved exclusively in the acquisition and advancement of gold properties in Canada, with no intent to bring them into production or to mine them ourselves, instead qualifying them for mid-tier mining, production, streaming and/or off-take partners."

Au Holdings, as the name suggests -- gold holdings -- works with gold property owners to advance united as opposed to working alone. The goal is to create a large and comprehensive portfolio of past-producing and highly promising gold mining and exploration properties. Identifying gold properties with underdeveloped and undervalued potential -- properties with significant historical work and previous drill programs that were uneconomic at the time but have proven economic value at today's price of gold hovering at $2,000 a troy ounce.

The company finances the development of reworking the old data to document quantifiable resources and reserves using current standards and modern technology, thus increasing the value and commercializing them for profit and sale.

The cost of reworking old data with modern tech is significantly more cost-effective and allows Advance United to deliver the highest returns to shareholders in the shortest possible time frame. A portfolio of properties diversifies the investor's risk.

The company adheres to a highly disciplined approach, and a strict set of criteria and historic work protocols in its selection process of properties and off-take partners. Leveraging this experience, network and knowledge, and by using modern exploration techniques, Advance United taps its industry contacts and arbitrage the value of previous work programs in today's economy and gold's all-time highs.

Mr. Atkinson says: "Au Holding's incoming board members, whom I have known and worked with for decades, share this vision. Together, we intend to develop a portfolio of properties that will provide our shareholders a unique and diversified investment opportunity in arguably the most stable gold mining jurisdiction in the world: Canada."

Mr. Irwin, QC, appointed corporate secretary

Mr. Irwin practises securities, corporate and commercial law, and has been an independent barrister since August, 2006.

Mr. Irwin advises numerous public companies on a variety of issues including continuous disclosure and regulatory issues, reverse-takeover transactions, initial public offerings and takeover bids. Mr. Irwin also advises boards of directors, including independent committees. Mr. Irwin is a director and/or officer of several public companies, including Drone Delivery Canada Corp., Intercontinental Gold and Metals Ltd., Greencastle Resources Ltd. and Deveron Corp.

Ms. Spethmann, PGeo, appointed independent director

Ms. Spethmann, PGeo, has over 30 years experience as an exploration geologist in Northern Ontario, Canada, and internationally in Latin American and Botswana.

She has worked as a senior geologist on teams credited with several significant discoveries including notably the Choco 10-Carolina zone and Fruta del Norte, and mid-tiers Iamgold, African Copper, Aurelian Resources and Bolivar Goldfields.

Mr. Spethmann is the current president and chief executive officer of Warrior Gold Inc., a TSX Venture Exchange-listed company with gold properties in Kirkland Lake, Ont. She is a member of the Association of Professional Geoscientists Ontario, a committee member of the Toronto Geological Discussion Group, and a member of Women in Mining Toronto and Canada.

Mr. Gupta, PGeo, appointed independent director

Mr. Gupta is a seasoned mining industry expert and finance public markets veteran.

He is a qualified individual (QI) under National Instrument 43-101, professional geologist, registered with the Professional Geoscientists of Ontario, Canada, and currently serving the president of Blingold Corp., a private gold exploration company with a portfolio of gold and copper-gold exploration properties in the Beardmore gold belt of Ontario.

Prior, Mr. Gupta held positions as an officer and director of both private and public companies in Canada and the United States, and worked as an equity analyst covering the junior base and precious metals sector for Dundee Capital Markets, Fraser Mackenzie and Global Financial.

Mr. Vishal will replace David McDonald on the board of directors, and Mr. McDonald will remain with the company in his position as chief financial officer.

About Advance United Holdings Inc.

Advance United is a different kind of Canadian junior mining company, one designed to succeed where other junior mining companies fail. It is involved exclusively in the acquisition and advancement of past-producing gold mines -- with no intent to bring them back into production or to mine them itself. The company's expertise is in identifying and acquiring undervalued gold properties with significant historical work which were uneconomic at the time but have proven economic value at today's price of gold.

The company finances the development of reworking historic data and applying modern technology to underwrite new qualified reports, document quantifiable resources and reserves to current standards, thereby recognizing the current value.

The company's purpose is to bring immediate and long-term value to its partners and shareholders while eliminating exploration risk, so that everyone can advance united in the shortest possible time frame.

We seek Safe Harbor.

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