Mr. John Quigley reports

JOHN ROSS QUIGLEY ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO HISTORICAL TRANSACTIONS OF ACQUISITIONS OF SECURITIES OF ADVANCED GOLD EXPLORATION INC.

John Ross Quigley has filed an early warning report in connection with historical transactions involving common shares in the capital of Advanced Gold Exploration Inc. and common share purchase warrants in the capital of the company that occurred between December, 2023, and September, 2024. None of the transactions occurred on the facilities of the Canadian Securities Exchange. As of Oct. 3, 2024, Mr. Quigley has beneficial ownership of, or control or direction over, 16,738,777 common shares, representing approximately 22.14 per cent of the issued and outstanding common shares of the company.

On Dec. 22, 2023, the company issued common shares to exercise an option pursuant to an option agreement. Prior to completion of the option payment, Mr. Quigley, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 5,405,444 common shares, which represented approximately 12.29 per cent of the then issued and outstanding common shares on an undiluted and partially diluted basis. As a result of the company issuing additional common shares out of treasury for the option payment, Mr. Quigley, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 5,405,444 common shares, representing approximately 9.54 per cent of the issued and outstanding common shares on an undiluted and partially diluted basis.

On April 5, 2024, Mr. Quigley acquired 3,333,333 common shares and 3,333,333 warrants pursuant to the company's non-brokered private placement. Prior to completion of the April, 2024, financing, Mr. Quigley, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 5,405,444 common shares, which represented approximately 9.23 per cent of the then issued and outstanding common shares on an undiluted and partially diluted basis. Upon completion of the April, 2024, financing, Mr. Quigley, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 8,738,777 common shares and 3,333,333 warrants, representing approximately 13.63 per cent of the issued and outstanding common shares on an undiluted and approximately 17.89 per cent on a partially diluted basis.

On Sept. 3, 2024, Mr. Quigley acquired eight million common Shares and 4.6 million warrants pursuant to the company's non-brokered private placement. Prior to completion of the September, 2024, financing, Mr. Quigley, directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 8,738,777 common shares and 3,333,333 warrants, representing approximately 13.63 per cent of the issued and outstanding common shares on an undiluted and approximately 17.89 per cent on a partially diluted basis. Upon completion of the September, 2024, financing, Mr. Quigley directly or indirectly, beneficially owned, or had control or direction over, an aggregate of 16,738,777 common shares and 7,933,333 warrants, representing approximately 22.14 per cent of the issued and outstanding common shares on an undiluted and approximately 29.53 per cent on a partially diluted basis.

Depending on market and other conditions, or as future circumstances may dictate, Mr. Quigley may from time to time increase or decrease its holdings of common shares or other securities of the company.