Advance United Holdings Reports on Buck Lake Property 2022 Work Program - June 28, 2022

Advance United Holdings Reports on Buck Lake Property 2022 Work

Program

Advance United Holdings Inc. (CSE: AUHI) (FSE: 9I0) (the “Company” or “Advance United”) is

pleased to report the summer work program on the Buck Lake Property in the Batchewana

Greenstone Belt (“BGB”) of Northern Ontario is underway.

Figure 1 Buck Lake Property Location

The Buck Lake Property lies within the eastern part of the BGB of the Superior Province

approximately two hours north-northeast by road from Sault Ste Marie and is comprised of 78

claims totaling approximately 1,715 hectares. The property covers three (3) known mineralized

areas which have potential for Volcanic Massive Sulphide Deposits ( VMS) – the Noranda, El

Carmen, and Goulais River Zones (refer to Figure 2). Geological mapping and prospecting crews

have been mobilized to the property to begin field work in the area refe rred to as the Noranda

Zone. Numerous base metal occurrences are known in the BGB and the past producing Tribag

Mine occurring 30 km to the southwest was a significant copper producer.

Figure 2 Buck Lake Property Location of Mineralized Zones

The work program will focus initially on targets around the massive sulphide mineralization

intersections identified in previous drilling in the Noranda Zone and the extended VLF-EM

anomalies identified related to this mineralization. They will also be following up on anomalous

copper in soil results obtained in the 2017 soil survey and rock samples which returned 0.3%

copper.

Figure 3 EM map showing anomalies and location of Noranda Drill Hole where

initial prospecting and sampling will be completed.

The ground VLF-EM survey completed on the property in 2021 identified strong conductors which

have been interpreted to be related to major mineralized zones which traverse the property. An

area in the central part of the property , the Noranda Zone, where drill intersections identified

massive sulphide mineralization will be the focus of intense prospecting, sampling, and mapping.

History of the Buck Lake Property

Past work in the eastern part of the BGB has been limited in part due to poor access and mineral

rights ownership of a large number of townships by Algoma Central Railway but there has been

some work in the vicinity and on the property in the 1970s by companies such as Granges.

A modest exploration program on the Buck Lake Property was carried out by Noranda in the mid

1980’s which resulted in the definition of a 3 ,000-meter-long airborne and ground geophysical

electromagnetic (“EM”) anomaly. Noranda followed up with a single drill hole which intersected

two 4-meter-thick massive sulphide zones which reported copper and zinc mineralization ,

although no assays were reported.

In 2017 a reconnaissance soil survey w as completed, and a 2,500-meter-long copper/zinc

anomaly was identified overlying the area of the former drilling and extending to the south.

In 2021 a ground VLF-EM survey outlined the known EM anomaly in detail near the Noranda Drill

hole and resulted in several key areas for follow-up.

Mineralization Discovered on the Buck Lake Property

Massive sulphide mineralization has been identified in past work by Noranda drilling and has

been confirmed by recent ground VLF -EM and rock sampling which returned results up to 0.3%

Copper from massive sulphide and exhalite samples.

Several sulphide-rich units occur near the transition between felsic volcanic and mafic volcanic

units a classic location for VMS-type of deposits.

The three zones identified to date include 8 meters of massive sulphide mineralization in Noranda

Drill hole (the Noranda Zone), pyrite, pyrrhotite and chalcopyrite in trenches (the Goulais River

Zone) and pyrite and pyrrhotite with magnetite in trenches (the El Carmen Zone)

The geologic setting and mineralization can be compared to typical VMS deposits of the Kidd

Creek and Horne areas.

About Advance United Holdings

Advance United, headquartered in Toronto, Canada, is traded on the Canadian Securities

Exchange in Canada under th e symbol “AUHI” and the Börse Frankfurt Stock Exchange in

Germany under the symbol “9I0”.

Advance United brings an entirely different approach to the mining industry. We don’t mine.

Rather, we’ve acquired a portfolio of undervalued gold properties and are increasing their value

through the application of modern technology. We have a growing pipeline of similar properties

that we are looking to acquire. And now we’ve launched the Au Marketplace. A first of its kind

digital platform that connects owners of mineral commodities and deposits with developers and

producers.

We are involved exclusively in the acquisition and advancement of past projects – with no intent

to bring them back into production or to mine them ourselves. Our expertise is in identifying and

acquiring undervalued properties with significant historical work, which were uneconomic at the

time, but we believe have economic value at today’s prices.

We fund the development of re -working historic data and applying modern technology to

underwrite new qualified reports, document quantifiable resources and reserves to current

standards, thereby recognizing the current value.

Our purpose is to bring immediate and long -term value to our partners and shareholders while

seeking to eliminate exploration risk, so that we can all advance united in the shortest possible

time frame.

For additional information about us, our projects, or to find out how you can list your project in

the Au Marketplace, visit www.advanceunited.ca.

Contact Information

James Atkinson, P. Geo., CEO

Email: [email protected]

Tel: (647) 278-7502

Qualified Person

James Atkinson M.Sc., P. Geo., a Qualified Person (“QP“) as such term is defined by National

Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved

the geological information reported in this news release. The Qualified Person has not completed

sufficient work to verify all historic information on the Property, particularly with regards to

historical sampling, drill results, and technical work provided by Noranda, Granges, and others.

The Qualified Person assumes that sampling and analytical results were completed to industry

standard practices. The information provides an indication of the exploration potential of the

Property but may not be representative of expected results.

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 t he 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 w ith 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.