Mr. James Atkinson reports

ADVANCED GOLD EXPLORATION INC. ANNOUNCES ACQUISITION OF MELBA PROPERTY

Further to its press releases of July 26, 2022, Sept. 28, 2022, June 20, 2023, and Dec. 4, 2023, Advanced Gold Exploration Inc. has exercised its option to acquire a 75-per-cent legal and beneficial interest in certain mineral claims located in Melba township in the Kirkland Lake area of Ontario pursuant to an option agreement between the company and Patrick Culhane (the optionor) dated June 21, 2021, as amended on June 16, 2023, and Nov. 28, 2023.

The company issued two million common shares in the capital of the company, at a deemed issuance price of seven cents per common share, to the optionor on Dec. 22, 2023. All securities issued in connection with the amending agreement 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.

In addition, the company is pleased to announce that it has entered into a mining claim acquisition agreement dated Dec. 12, 2023, with an arm's-length third party (the purchaser) pursuant to which the Purchaser acquired a 5-per-cent interest in the property. As consideration, the company was paid $25,000 (U.S.).

About Advanced Gold Exploration Inc.

Advanced Gold Exploration (formerly Advance United Holdings Inc.) brings an entirely different approach to the mining industry. The company does not mine. Rather, it has acquired a portfolio of undervalued gold properties and is increasing their value through the application of modern technology. Advanced Gold has a growing pipeline of similar properties that it is looking to acquire. The company is involved exclusively in the acquisition and advancement of past projects -- with no intent to bring them back into production or to mine them itself. Its expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but the company believes have economic value at today's prices. Advanced Gold finances the 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 seeking to eliminate exploration risk, so that everyone can advance in the shortest possible time frame.

We seek Safe Harbor.