• Raised $13 million through a two-tranche placement
• Funds will accelerate exploration across silver-gold portfolio in Mexico and gold projects in Victoria
• Placement supported by leading global institutional investors including Jupiter Asset Management and Tribeca Investment Partners

Advance Metals Limited ('Advance' or 'the Company') has announced the successful completion of a $13 million capital raising initiative to fully fund accelerated exploration programs across its high-grade silver-gold portfolio in Mexico and its high-grade gold projects in Victoria. The placement was strongly supported by both local and offshore precious metals-focused funds, including cornerstone investments by Jupiter Asset Management and Tribeca Investment Partners who received a combined allocation of $6.5 million, with other key institutional investors including Lowell Resources Fund, APAC Resources and Next Investors. The raising follows the recent transformational acquisition of the high-grade Guadalupe y Calvo (GyC) Gold-Silver Project in Mexico, with work also recently ramping up at the Company's nearby Yoquivo and Gavilanes Silver Projects. Advance is also midway through an expanded drilling program at its Myrtleford Gold Project in Victoria, with recent work seeing a coherent ultra-high grade gold zone emerging in the central portion of the Happy Valley Prospect. The Company will target significant extensions of the known gold mineralisation at Happy Valley and will also expand drilling to new high priority targets in the region in the coming months.

The Company has an aggressive workplan designed to expand the silver endowment at all three Mexican projects, including a maiden diamond drilling program at GyC in the coming months (subject to requisite approvals). The Company will also target significant extensions of the known gold mineralisation at Happy Valley and expand drilling to new high priority targets in the Victoria region in the coming months.

Given the extensive recent offshore interest in Advance's portfolio of high-grade assets, the Company has decided to pursue a dual-listing in North America and will keep the market fully informed on progress in this regard.