Yoquivo Silver-Gold Project Drilling Update

• Five diamond holes completed across three target areas, with assays pending
• Drilling targeting extensions to existing high-grade silver-gold resources
• Extensive program of relogging and assaying of historic drill core underway

Advance Metals Limited (ASX:AVM) has provided an update on the exploration activities underway at its 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico. The Company recently commenced a fully funded, high-impact diamond drilling program at the project, with five holes completed to date across three separate target areas. The new drilling includes down-dip extensional targets at the Pertenencia prospect, which currently hosts a Foreign Estimate of 17.23Moz of silver equivalent. Previous drilling in the area has returned high-grade intersections, including 4.42m at 446g/t AgEq, 3.07m at 203g/t AgEq, and 4.87m at 544g/t AgEq. The new holes, YQ-25-009 and YQ-25-010, have the potential to significantly expand the resource, targeting the Pertenencia mineralization approximately 150 meters below previous intersections. Additional drilling is also planned along strike to the north and south at Pertenencia in early 2026. Further to the west, two holes have been completed at the San Francisco Prospect area, and one hole at the La Esparanza target. Drilling in 2026 will also test several additional regional targets, including newly identified high-grade vein structures southeast of the Dolar Vein system, which returned peak grades of up to 1,594g/t AgEq in surface rock chip sampling. The Company is also nearing completion of an extensive program of relogging and assaying of previously untested core from Pertenencia, with more than 4,000 meters of diamond core now sent for analysis. The results from this resampling work, combined with Advance Metals' previous and new drilling, will feed into an upgraded JORC Resource Estimate for Yoquivo, targeted for early 2026.

Advance Metals' fully funded exploration program at the Yoquivo Silver-Gold Project in Mexico will continue into 2026, with additional drilling planned to test multiple targets, including down-dip extensions of the existing high-grade resources and newly discovered vein structures. The Company expects to release an updated JORC Resource Estimate for the project in early 2026 as part of its growth strategy in North America.