AAX Advanced Gold Corp

Apex Capital Corp. ('Apex') (TSX VENTURE:AAX) and its wholly owned subsidiary
Traxion Energy Inc. is pleased to provide the following operations and
production update.


Apex has tied in and has commenced flowing its 37.5% working interest Traxion
6-29 well in the Granlea area at a rate of approximately 500 mcf/d (187 mcf/d,
31 BOE net).


In the Pakowki area of Alberta, Apex has surveyed two drilling locations, the
first of which is expected to be drilled in the first quarter of 2008, pending
regulatory and surface landowner approval. The second Pakowki location will be
drilled when all the required regulatory and surface landowner approvals have
been obtained.


Apex is an Alberta based corporation engaged in the exploration, development and
production of petroleum and natural gas.


CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The
use of any of the words "anticipate", "continue", "estimate", "expect", "may",
"will", "project", "should", "believe", and similar expressions are intended to
identify forward-looking statements. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in such forward-looking statements.
The Corporation believes the expectations reflected in those forward-looking
statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements included in this
report should not be unduly relied upon. The Corporation does not undertake any
obligation to publicly update or revise any forward-looking statements. The
Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas
to BOE. BOEs may be misleading, particularly if used in isolation. A BOE
conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

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