Advanced Gold Announces Appointment of New CFO

Rhea-AI Summary

Advanced Gold (OTCQB: AUHIF) appointed director Jason Baker as Chief Financial Officer, effective May 1, 2026, replacing David MacDonald, who resigned to retire from accounting.

Mr. Baker is a finance professional with Altus Capital Partners, has served as CFO and board member for public and private companies, currently serves as CFO of Magma Silver Corp, and has helped raise more than $35 million in equity financings over the past two years.

Positive

• New CFO appointment enhances finance leadership
• Jason Baker helped raise $35 million in recent equity financings
• Baker has prior CFO and board experience at public companies

Negative

• Current CFO David MacDonald resigned to retire

News Market Reaction – AUHIF

-9.41%

-9.41% Session close to close

In the May 13 session, AUHIF declined 9.41%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Vancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - Advanced Gold Exploration Inc. (CSE: AUEX) (FSE: ZF2) (OTCQB: AUHIF) ("Advanced Gold" or the "Company") is pleased to announce that further to his role as director of the Company, Jason Baker has been appointed CFO (Chief Financial Officer), replacing David MacDonald.

Mr. Baker is a finance professional with Altus Capital Partners, a boutique investment bank based in Vancouver, B.C. Over the past two years, he has helped raise more than $35-million in equity financings for public and private companies, including Scorpio Gold Corp. and Magma Silver Corp. He has served as CFO (chief financial officer) and as a board member of multiple public and private companies, and currently serves in these roles for Magma Silver Corp. Mr. Baker holds a bachelor of commerce in finance from the UBC Sauder School of Business and an accounting diploma from Langara College.

David MacDonald has resigned as CFO to retire from accounting. "On behalf of the Board and management, we want to sincerely thank David for his years of dedicated service in various roles and his valuable contributions to Advanced Gold, we wish him the very best in his future endeavors."

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.sedar.com. 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/295538

FAQ

Who is the new CFO of Advanced Gold (AUHIF) and when was the appointment announced?

Jason Baker was appointed CFO on May 1, 2026. According to Advanced Gold, he joins from Altus Capital Partners and replaces David MacDonald, who resigned to retire from accounting.

What relevant experience does Advanced Gold (AUHIF) say Jason Baker brings to the CFO role?

He has served as CFO and board member for public and private companies. According to Advanced Gold, Baker helped raise more than $35 million in equity financings over the past two years.

Did Advanced Gold (AUHIF) indicate why the previous CFO left the company?

David MacDonald resigned to retire from accounting. According to Advanced Gold, the board thanked him for years of dedicated service and wished him well in his future endeavors.

Will Jason Baker continue other roles while serving as Advanced Gold (AUHIF) CFO?

Advanced Gold notes Baker currently serves as CFO and board member of Magma Silver Corp. According to Advanced Gold, he also works with Altus Capital Partners as a finance professional.

What qualifications does Advanced Gold (AUHIF) list for their new CFO Jason Baker?

Baker holds a bachelor of commerce in finance from UBC Sauder and an accounting diploma from Langara College. According to Advanced Gold, his background includes equity financings and CFO experience.