Advance Gold Closes Private Placement and Prepares for Phase 3 Drilling

AdvanceGold_28022019_nr

Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that it has closed its previously announced private placement financing (see February 5,
2019 and February 22, 2019 news releases). The Company has issued 5,691,539 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.08 for 24 months, for gross proceeds of
$369,950. Proceeds from the financing will be used to fund the phase 3 drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.

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