Profile

Advance Gold Corp., an exploration stage company, is engaged in the evaluation and exploration of mineral properties in Tanzania and Kenya. It has interests in the Kakamega Project consisting of three prospective special licenses, including Bukura SL265, Sigalagala SL266, and Rosterman SL267 in western Kenya.

The company was formerly known as Africa West Minerals Corp. and changed its name to Advance Gold Corp. in May 2010. Advance Gold Corp. was incorporated in 2004 and is headquartered in Kamloops, Canada.

Properties

Kakamega Project:
African Barrick Gold plc. ("Barrick") has 51% and the right to earn 75% equity in the Kakamega Project, which comprises the Rosterman, Burkura, and Sigalagala Projects in Kenya, East Africa.

Acacia Mining Plc. ("Acacia"), formerly African Barrick Gold Plc., was assigned an Option and Joint Venture Agreement that Advance Gold Corp. ("Advance") had previously entered into with Aviva Corporation Ltd. regarding Special License 265 (Bukura), Special License 266 (Sigalagala) and Special License 267 (Rosterman) located in the Kakamega region of Kenya. Acacia has the right to acquire a 75% ownership interest in the three Advance Special Licenses.

Once Acacia has reached 75%, the Company may elect to contribute or dilute to 10% after which Acacia may convert the Company's interest in the property to a 3% net smelter royalty. Under the terms of an existing agreement between Acacia and Lonmin these properties fall within the designated 2km area of interest and will be offered to the West Kenya joint venture after the commencement of the earn-in period.

On January 28, 2014 Advance announced that Acacia had completed the drilling of 325 Aircore holes for 12,494 metres with results received for 192 holes. Over 20% of the holes assayed to date have returned significant intercepts of greater than 0.1 grams per tonne gold (g/t Au).

The most northerly of the three licences hosts the historic Rosterman mine, which is reported to have produced in excess of 250,000oz Au at in excess of 13g/t. Rosterman was subject to significant exploration activity during the mining period up until 1952 but since then very little exploration appears to have been done. The potential for residual ore, more lodes and the value of selvedges to mined lodes justifies immediate further exploration activity. Recent structural mapping has highlighted a major long lived structure on the northern flank of the Kakamega Dome combined with a number of occurrences of gold in stream anomalies that appear never to have been followed up.

Office Address

Advance Gold Corp.
Royal Avenue
Kamloops, BC
Canada V2B 3P7

Ph: 250-314-0186
Fax: 250-828-2269

Email: info@advancegold.ca

www.advancegold.ca/s/home.asp

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