Mr. Jim Atkinson reports

ADVANCED GOLD EXPLORATION ANNOUNCES APPOINTMENT OF PRESIDENT, AND OTHER CORPORATE ITEMS

Advanced Gold Exploration Inc. has appointed Dr. Andrew Ramcharan, PhD, PEng, as the president of the company effective Feb. 15, 2024. Concurrent with Dr. Ramcharan's appointment, Jim Atkinson will be resigning as the president of the company; however, Mr. Atkinson will remain as the company's chief executive officer and as a director of the company.

Mr. Atkinson stated: "I am pleased to announce the appointment of Dr. Andrew Ramcharan as president of the company. Dr. Ramcharan has over 20 years unique experience in the mining industry which includes investor relations, project evaluation, operations, capital markets, consultancy and investment banking."

He went on further to say: "Andrew's vast experience and sound technical knowledge coupled with a financial side will be valuable to your company. He will assist the company in the identification, analyzing and due diligence in evaluating mining projects or companies for mergers and acquisitions, and investments and will assist in technical areas within the company. We anticipate that his extensive contacts and knowledge in the business will be invaluable to the continued success of our company."

Among his past accomplishments, Dr. Ramcharan has created and implemented investor relations policies and corporate strategies with significant success and has completed over 300 project evaluations globally on many commodities and proposed over 40 different investment strategies. In addition, he has been involved in the completion of two major takeover transactions worth $800-million and $1.5-billion capital cost, and raised over $1-billion in financing.

His PhD from Colorado School of Mines included a minor in mineral economics. He also attended Harvard Business School (short course on strategy investment).

In connection with his appointment, the company has granted Dr. Ramcharan stock options to purchase an aggregate of 150,000 common shares in the capital of the company pursuant to the company's stock option plan. The options are exercisable until Feb. 15, 2029, at a price of 10 cents per common share. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.

Finally, the company is pleased to announce that it has appointed MS Partners LLP is its new auditor. The company's audit committee and board of directors approved the appointment of MS Partners LLP effective Feb. 5, 2024.

There were no reservations in Zeifmans LLP reports on the company's financial statements for the period commencing at the beginning of the company's two most recently completed financial years and ending on the date of resignation of the former auditor. There are no reportable events including disagreements, consultations or unresolved issues as defined in National Instrument 51-102 -- Continuous Disclosure Obligations (Part 4.11) between the company and the former auditor.

In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and MS Partners LLP, have been reviewed by the board of directors of the company and filed on SEDAR+.

About Advanced Gold Exploration Inc.

Advanced Gold (formerly Advance United Holdings Inc.) is focusing its attention on gold. It believes that the future of gold is strong, and it will be part of that future. It 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 is increasing their value through the application of modern technology. It has a growing pipeline of similar properties that it is looking to acquire. It is involved exclusively in the acquisition and advancement of past projects -- with no intent to bring them back into production itself. That it will leave to others which are expert in these areas. Its expertise is in identifying and acquiring undervalued properties with significant historical work, which were uneconomic at the time, but it believes have economic value at today's prices. It finances the development of reworking historic data and applying modern technology to underwrite new qualified reports, and document quantifiable resources and reserves to current standards, thereby recognizing and realizing the current value. Its purpose is to bring immediate and long-term value to its partners and shareholders while seeking to reduce risk by working with experts.

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