Mr. Arndt Roehlig reports

ADVANCED GOLD EXPLORATION INC. ANNOUNCES TERMINATION OF MEMORANDUM OF UNDERSTANDING WITH AMEEREX

Following further due diligence, Advanced Gold Exploration Inc. will not be proceeding with the non-binding memorandum of understanding with Ameerex Corp. announced on Oct. 2, 2026, regarding the assignment of the right to purchase the Corcoran Canyon and Belmont properties from Electric Metals (USA) Ltd.

After completing its review, the company's board of directors determined that the proposed transaction was not in the best interests of the company and its shareholders at this time. The MOU was non-binding, and no definitive agreement was entered into. The company has no further obligations to Ameerex in connection with the MOU, and no penalties or break fees are payable by either party.

The company remains focused on advancing its existing projects of Silver Belle, Doyle and Buck Lake, and continues to evaluate opportunities that create value for shareholders.

About Advanced Gold Exploration Inc.

Advanced Gold is a Canadian mineral resource company dedicated to generating immediate and long-term stakeholder value through strategic asset acquisition. The company specializes in identifying and securing undervalued gold, silver and copper properties with substantial historical data. By leveraging modern exploration techniques, Advanced Gold aims to systematically upgrade and unlock the economic potential of its core assets, which include the Doyle and Buck Lake projects in Ontario, and the Silver Belle property in Nevada.

We seek Safe Harbor.