Advanced Gold Exploration is pleased to announce it has closed the first tranche of its non-brokered private placement through the issuance of 1,250,000 units at a price of $0.05 per Unit for aggregate gross proceeds of $62,500 Each Unit shall be comprised of one common share in the capital of the Company and one Common Share purchase warrant of the Company. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.05 per Common Share for a period of 5 years from the date issuance. All securities issued pursuant to the Offering 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. The net proceeds from the sale of the Units will be used for general working capital purposes.