Advance Lithium Corp. — Capital/Financing Update 2021

Jun 25, 2021

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June 24, 2021

TSX-V: AAX OTCMKTS: ADGCF

ADVANCE GOLD EXTENDS WARRANT EXERCISE PERIOD

Advance Gold Corp. (TSXV: AAX) ("Advance Gold" or "the Company") is pleased to announce that it has applied to the TSX Venture Exchange (the “Exchange”) to extend the expiry date on 3,082,000 share purchase warrants (the “Warrants”), issued pursuant to a Private Placement Financing in July 2019, by 1 year to July 9, 2022. The Warrants’ original exercise price of $0.07 per share will not change.

About Advance Gold Corp.

Advance Gold is a junior exploration company focused on acquiring and exploring mineral properties containing precious metals, battery metals and fertilizer minerals. The company acquired a 100-per-cent interest in the Tabasquena silver mine in Zacatecas, Mexico, in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

In addition, Advance Gold holds an 11.13% interest in strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 88.87% of the Kakamega project is held by Shanta Gold Limited (project previously owned by Barrick Gold Corporation, for details see Advance Gold News Release dated 202008-26).

In March 2020, the Company moved into the lithium space with a purchase agreement to acquire 13 lithium-potassium boron prospective salars in central Mexico, which also includes a test plant and exclusive rights to a patented proprietary lithium extraction method.

For further information, please contact: Allan Barry Laboucan, President and CEO Mexico Cellular Phone (492) 238-5282 Email: allan@advancegold.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.