James T. Gillis of 432 Royal Avenue, Kamloops, British Columbia, acquired on May 13, 2016, through a private placement offering, indirect ownership of 980,000 common shares in the capital of Advance Gold Corp. (the "Issuer") having a head office at 432 Royal Avenue, Kamloops, British Columbia, which increased the acquiror's percentage of common shares held by approximately 10.2%. The common shares were acquired by the acquiror at a per share price of $0.05 for total cash consideration to the Issuer of $49,000. The shares were issued by the Issuer from its treasury.
The shares were acquired for investment purposes by Mr. Gillis and Mr. Gillis will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Gillis has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he beneficially owns or over which he exercises control or direction. Mr. Gillis may, in the future, exercise options that have been granted to him by the Issuer.
A report respecting this acquisition, which is incorporated herein by reference, will be electronically filed with the Securities Commissions in British Columbia and Alberta and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. To obtain a copy of the report, contact Mr. Gillis at (250) 574-5011.