• Visible gold intersected 140m below previous deepest hit, highlighting significant expansion potential
• High-grade gold system now potentially extends over 500m vertically and remains open in all directions
• Assay results expected in 4-5 weeks, exploration programs fully funded following $13 million placement

Advance Metals Limited (ASX:AVM) is pleased to announce that visible gold mineralisation has been intersected in the deepest drill hole to date at the Happy Valley Deposit, located in the Myrtleford Project in the prolific Victorian Goldfields in Australia. The recent deep drilling program has intersected visible gold 140m below previous deepest hit, highlighting significant expansion potential. The high-grade gold system now potentially extends over 500m vertically and remains open in all directions. Logging and processing of the core is underway, with assay results expected in 4-5 weeks. The Company is developing a follow-up exploration strategy to fully define the scale of the deposit, including the potential to add additional drilling rigs to the program. Advance will also continue to test the potential of the broader Happy Valley trend with maiden drilling of the Queen of the Hills Prospect expected to commence in mid-November. The Company's confidence to drill a bold step-down was facilitated by the continuity and incredible grade tenor observed in earlier holes, and it is now in a fantastic position to fully unlock the potential of Happy Valley and the broader region following a recent $13 million placement.

The Company is developing a follow-up exploration strategy to fully define the scale of the Happy Valley deposit, including the potential to add additional drilling rigs to the program. Advance will also continue to test the potential of the broader Happy Valley trend with maiden drilling of the Queen of the Hills Prospect expected to commence in mid-November.