Advanced Gold Announces Private Placement and Appointment of Director

Rhea-AI Summary

Advanced Gold (OTC:AUHID) announced a board change and a non-brokered private placement on December 16, 2025. The company appointed Shahab Samimi to the board and accepted the resignation of Rodney Ireland.

The Company intends to raise up to 2,000,000 units at $0.15 per unit for gross proceeds up to $300,000. Each unit includes one common share and one-half warrant; each whole warrant will allow purchase of one common share at $0.20 for two years. Securities will be subject to a four-month plus one day hold period. Proceeds are for general corporate and working capital purposes. Closing is subject to regulatory approvals, including the Canadian Securities Exchange, and the Company may pay finder fees up to 10% of funds raised.

Positive

• Private placement size: $300,000 maximum gross proceeds
• Unit structure includes $0.20 warrants valid for 2 years
• New director Shahab Samimi added to board

Negative

• Potential dilution from up to 2,000,000 new common shares and warrants
• Company may pay finder fees up to 10% of funds raised

Toronto, Ontario--(Newsfile Corp. - December 16, 2025) - Advanced Gold Exploration Inc. (CSE: AUEX) (FSE: HZ2) (OTC Pink: AUHID) ("Advanced Gold" or the "Company") is pleased to announce the appointment of Shahab Samimi to its Board of Directors.

Mr. Samimi is an experienced investor and corporate director with a strong background in capital allocation and public company governance. He currently leads enterprise software and digital transformation initiatives as Senior Product Manager at a Fortune 500 company. Mr. Samimi has direct public board experience, having served on the board of Canada's first publicly listed EV charging infrastructure company, Hypercharge Networks, and as CEO of Humanoid Global. He brings valuable expertise in technology-driven growth, sustainability, and resource-intensive industries to the mining exploration sector.

The Company also announces that Rodney Ireland has resigned from the Board of Directors to pursue other opportunities. On behalf of the Board and management, we want to sincerely thank Rodney for his years of dedicated service and valuable contributions to Advanced Gold, we wish him the very best in his future endeavors.

In addition, the Company wishes to announce that it intends to complete a non-brokered private placement (the "Private Placement") of up to 2,000,000 units (each, a "Unit") at a price of $0.15 per Unit for aggregate gross proceeds of up to $300,000 Each Unit shall be comprised one common share in the capital of the company (each, a "Common Share") and one-half of one whole transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.20 per Common Share for a period of two years from the date of 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 gross proceeds of the Private Placement shall be used for general corporate and working capital purposes. The closing of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Canadian Securities Exchange. The Company may pay a finder fee to eligible finders of up to 10% of all funds raised in shares or in cash.

ABOUT ADVANCED GOLD

Advanced Gold Exploration is a Canadian mineral exploration company with a portfolio of Canadian gold and copper properties. The company's expertise is in identifying and acquiring undervalued properties with significant historical work, which it believes it can enhance their economic value at today's prices. The company's purpose is to bring immediate and long-term value to its partners and shareholders.

Contact Information

Arndt Roehlig
CEO, President, Director, Advanced Gold Exploration Inc.
Email: arndtroehlig@gmail.com
Tel: (604) 318-1034

Forward-Looking Information and Cautionary Statements

This news release may contain "forward-looking information" within the meaning of applicable securities laws relating to the trading of the Company's securities and the focus of the Company's business. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "intends", "contemplates", "believes", "projects", "plans" and similar expressions. Forward-looking statements in this news release include statements regarding the Company's ability to increase the value of its current and future mineral exploration properties and, in connection therewith, any long-term shareholder value, the Company's ability to mitigate or eliminate exploration risk, and the Company's intention to develop a portfolio of historic gold properties. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the Company will continue its business as described above. Readers are encouraged to refer to the Company's annual and quarterly management's discussion and analysis and other periodic filings made by the Company with the Canadian securities regulatory authorities under the Company's profile on SEDAR+ at www.sedarplus.ca. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278142

FAQ

What is Advanced Gold (AUHID) raising in the December 16, 2025 private placement?

The company intends to raise up to $300,000 by issuing up to 2,000,000 units at $0.15 per unit.

What does each unit include in Advanced Gold's AUHID private placement?

Each unit includes one common share and one-half of a warrant; each whole warrant permits purchase of one share at $0.20 for two years.

How long is the resale hold period for securities issued by Advanced Gold (AUHID)?

All securities will be subject to a four-month plus one day hold period from issuance.

Will Advanced Gold (AUHID) pay finder fees for the private placement?

The company may pay eligible finders a fee of up to 10% of funds raised, in cash or shares.

Who joined the Advanced Gold board on December 16, 2025 and who resigned?

Shahab Samimi was appointed to the board and Rodney Ireland resigned to pursue other opportunities.

What approvals are required to close Advanced Gold's AUHID private placement?

Closing is subject to necessary regulatory approvals, including approval of the Canadian Securities Exchange.