• AVM to target growth to +200Moz AgEq endowment across Mexican portfolio
• New exploration programs to commence immediately at Yoquivo, Guadalupe y Calvo and Gavilanes
• Maiden drilling programs planned at Guadalupe y Calvo and Gavilanes in 2026

Advance Metals Limited ('Advance' or 'the Company') is pleased to provide an update on its strategy targeting rapid growth across high grade silver-gold assets in Mexico. Following the recent acquisition of the Guadalupe y Calvo Project, Advance has reached an impressive endowment of more than 100Moz silver-equivalent (AgEq) in Foreign Estimates in Mexico. Given the district-scale potential of all three projects, the Company is now targeting substantial growth to +200Moz AgEq across the portfolio in the medium term. Aligned with these growth objectives, Advance's Board has approved the immediate commencement of new exploration programs at all three of the Company's high grade Mexican silver-gold assets. This includes diamond drilling to extend high grade mineralization at the Yoquivo Project, as well as maiden drilling programs planned at the Guadalupe y Calvo and Gavilanes projects in 2026. The Company has an experienced in-country field team and operating infrastructure, including a centrally-located core storage and processing facility in Durango. Advance is now very well-funded to execute its silver growth strategy, having recently completed a $13 million placement cornerstoned by leading global institutional investors.

Advance is targeting a substantial growth to over 200Moz AgEq endowment across its Mexican portfolio in the medium term. The Company has approved immediate commencement of new exploration programs, including diamond drilling at Yoquivo and maiden drilling at Guadalupe y Calvo and Gavilanes in 2026.