• Advance Metals to upgrade 100Moz AgEq in Foreign Estimates to JORC Resources
• Significant district-scale potential identified across 3 high-grade silver-gold assets in Mexico
• Detailed exploration programs underway to expand known Resources and identify new mineralisation

Advance Metals Limited ('Advance' or 'the Company') is pleased to provide an update on planned work across its three high grade silver-gold assets in the states of Chihuahua and Durango, Mexico. The transformational acquisition of the Guadalupe y Calvo Project (GyC) in late July significantly expanded Advance's precious metals portfolio, adding a new, high-grade gold-silver asset strategically located between the Company's existing Yoquivo and Gavilanes Projects. Advance's combined endowment in Foreign Estimates in Mexico currently sits at over 100Moz AgEq, with significant, district-scale upside identified across all three projects. Following a review of the data supporting the current Foreign Estimates at GyC, Yoquivo and Gavilanes by the Company's technical team, Advance will now target sequential upgrade/conversion of all three of the Foreign Estimates to JORC Resources. Key areas of focus will include reviewing the split between underground and open cut resources, updating cut-off grades and metal price assumptions, and investigating the potential to add additional mineralisation to the Resources. Detailed exploration work programs are also currently being developed for each of the projects to expand known Resources and identify new high grade silver-gold mineralisation.

Advance Metals is focused on upgrading its existing Foreign Estimates of over 100Moz AgEq to JORC Resources across its three high-grade silver-gold projects in Mexico. The Company sees significant district-scale potential to expand known Resources and identify new mineralisation through its planned exploration programs.