2019 News _ Advance Gold Corp_

With reference to today’s press release, Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) announcing the closure of the second tranche of the private placement announced in news releases dated October 8, 2019 and November 8, 2019. The Company announced that it has closed the second and final tranche of a non-brokered private placement of 525,000 units (the “Units”) at a per Unit price of $0.08 for gross proceeds of $42,000. Each Unit is comprised of one common share of the Company and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase an additional common share at a price of $0.10 per share until December 9, 2021, subject to accelerated expiry in certain circumstances.