Mr. James Atkinson reports

ADVANCED GOLD EXPLORATION ANNOUNCES PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURES

Advanced Gold Exploration Inc. intends to complete a non-brokered private placement of 100 unsecured convertible debentures at a price of $1,000 per debenture for gross proceeds of $100,000. The company intends to use the net proceeds from the offering for general working capital.

The issuance of the debentures pursuant to the offering (and, if applicable, the underlying common shares of the company and common share purchase warrants comprising the units upon conversion of the debentures) shall be completed on a private-placement and prospectus-exempt basis, as applicable, such that the issuances are (or in the case of any underlying common shares or warrants, shall be) exempt from any applicable prospectus and securities registration requirements.

The debentures will mature three years following the date of issuance and will bear interest at an interest rate of 3 per cent per annum, commencing on Dec. 31, 2024 (i) in cash; or (ii) the equivalent value in common shares based on a price per common share of 10 cents per common share. The holder of a debenture will have the right, from time to time and at any time after the date of issuance to the maturity date, to convert all or any portion of the outstanding principal amount into units, at a conversion price of 10 cents per unit, subject to adjustment as herein provided. Each unit shall comprise one common share and one warrant. Each warrant shall entitle the holder thereof to acquire one common share at a price of 15 cents per common share until the date that is the third year from the date of issuance of the debenture.

Pursuant to applicable Canadian securities laws, the debentures, as well as any underlying common shares or warrants to be issued upon conversion or exchange of these securities, are subject to a hold period of four months and one day. The offering remains subject to the final approval of the Canadian Securities Exchange.

In addition, the company announces that effective Oct. 1, 2024, Radovan Danilovsky has resigned as the corporate secretary of the company. Mr. Danilovsky will remain as a director and the chief financial officer.

In addition, Carly Burk has been appointed the corporate secretary of the company. Ms. Burk practises general corporate and securities law for both public and private issuers, and advises on a variety of transactions including private placements, public offerings, mergers and acquisitions, and continuous disclosure obligations. Ms. Burk holds a bachelor of laws from the University of Southampton, a certificate of qualification from the Federation of Law Societies and a bachelor of arts (honours) from Carleton University. Ms. Burk serves as an officer and/or director of several public and private entities.

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 its value through the application of modern technology. The company 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. The company's 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. The company finances the reworking of 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 they can all advance in the shortest possible time frame.

We seek Safe Harbor.