Advanced Gold Exploration Closes Private Placement, Securing Funds for Growth

Advanced Gold Exploration Inc. (AUEX.CN) has successfully closed a private placement, raising a total of $600,000 through the issuance of 6,000,000 units at a price of $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each warrant exercisable at $0.15 for a period of two years. The proceeds from the private placement will be used to fund the Company's exploration and development activities, including the drilling program at the Buck Lake Property and the acquisition of the Melba Property.

The Company's CEO, James Atkinson, expressed his gratitude to the investors for their support, stating, "We are very pleased to have completed this private placement, which will enable us to advance our projects and create value for our shareholders. We appreciate the confidence that our investors have placed in our team and our strategy."

The private placement was announced on December 4, 2023, and was oversubscribed, indicating strong investor interest in the Company's prospects. The funds raised will be used to fund the Company's exploration and development activities, including the drilling program at the Buck Lake Property and the acquisition of the Melba Property.

The Buck Lake Property is a copper-zinc property located in Ontario, Canada, with significant historical work and potential for economic value at today's prices. The Company has identified at least 8 areas of potential based on the presence of base metal mineralization, and an extensive stripping and channel sampling program conducted in 2022 identified several mineral horizons with high-grade copper and zinc mineralization.

The Melba Property is a gold property located in the Kirkland Lake Area of Ontario, which the Company acquired through an option agreement with Patrick Culhane. The property has historical gold-bearing veins, and the Company plans to conduct a winter program to trace the gold-bearing veins to the north and south and explore newly discovered gold-bearing dykes on the property.

The Company's strategy of acquiring undervalued gold properties and applying modern technology to recognize their current value has been successful in increasing the value of its portfolio. The Company's expertise in identifying and acquiring undervalued properties with significant historical work, combined with its ability to fund the reworking of historic data and the application of modern technology, has enabled it to create value for its shareholders.



The Company's management team, led by CEO James Atkinson and CFO Radovan Danilovsky, has extensive experience in the mining sector, with over 45 years of combined experience in mineral exploration, mining, and environmental fields. This experience has been instrumental in the Company's success in identifying and acquiring undervalued properties and in raising funds through the private placement.

The Company's private placement is a testament to the confidence that investors have in its strategy and management team. The funds raised will enable the Company to advance its projects and create value for its shareholders, while also strengthening its balance sheet and enhancing its ability to execute on its exploration and development plans.

In conclusion, Advanced Gold Exploration Inc. has successfully closed a private placement, raising $600,000 to fund its exploration and development activities. The Company's strategy of acquiring undervalued gold properties and applying modern technology to recognize their current value, combined with its experienced management team, has enabled it to create value for its shareholders and secure the funds needed to advance its projects. The Company's prospects for growth and success are strong, and investors can expect to see continued progress in the coming months and years.