• Engaged investor relations provider S3 Consortium for marketing activities
• Commissioned report from East Coast Research, released publicly
• Awaiting final assay results from diamond drilling program at Myrtleford Project

Advance Metals Limited (ASX:AVM) has responded to an ASX price query regarding the recent change in the price of its securities from a close of $0.054 on 18 September 2025 to a high of $0.09, as well as the significant increase in trading volume. The company advised that it has been undertaking marketing activities through S3 Consortium Pty Ltd, an investor relations provider engaged by the company, which it believes accounts for the recent increases in the company's share price and trading volumes. Additionally, the company engaged East Coast Research to undertake a report on the company, which was released publicly this morning and may also contribute to the recent price and volume movements. The company confirmed that no undisclosed results from any of its projects have been included in these marketing materials. Separately, the company noted that it has been relying on Listing Rule 3.1A in relation to not announcing the results of its recently recommenced diamond drilling program at the Myrtleford Project in the Victorian Goldfields, as the full results have not yet been received and are therefore insufficiently definite to warrant disclosure to the market. The company intends to release an announcement detailing the results from the additional holes on the Myrtleford Project on Friday, 26th September 2025, subject to receipt of the final results from the laboratory.