Mr. James Atkinson reports

ADVANCED GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Advanced Gold Exploration Inc. has closed a non-brokered private placement through the issuance of 2.7 million units at a price of five cents per unit and 350,000 flow-through units at a price of 7.5 cents per FT unit for aggregate gross proceeds of $161,250.

Each unit shall be composed of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to acquire one common share at a price of 10 cents per common share for a period of three years from the date issuance. Each FT unit shall be composed of one common share, issued on a flow-through basis and one-half of one whole warrant. The FT shares will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada).

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The net proceeds from the sale of the units will be used for general working capital purposes. The gross proceeds from the sale of the FT units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through expenditures as such terms are defined in the Income Tax Act (Canada).

About Advanced Gold Exploration Inc.

In light of its recent name change, Advanced Gold Exploration is focusing its attention on gold. The company believes that the future of gold is strong, and it will be part of that future. Advanced Gold is bringing an entirely different approach to the mining industry. It does not want to mine but rather it has acquired a portfolio of undervalued gold properties and are increasing their value through the application of modern technology. The company has a growing pipeline of similar properties that it is looking to acquire.

We seek Safe Harbor.