Highest Grade Intercept at London Victoria

• Adavale's highest grade gold intercepts to date received from London-Victoria
• Mineralisation remains open at depth, down plunge and along strike
• 7 additional holes pending, with strong potential to further support resource expansion

Adavale Resources Limited (ASX:ADD) has announced results from the first 5 holes (935m) of the recently completed Phase 2 drilling program at The London-Victoria Gold Mine. The highlights include: 14m @ 2.62g/t Au from 133m in hole ALRC018, and 23m @ 1.64g/t Au from 142m in hole ALRC020. These are Adavale's highest grade gold intercepts to date at the project. The program has focused on validating the structural controls on the gold mineralisation and expanding the JORC Mineral Resource Estimate (MRE). The London-Victoria mineral system remains open at depth, down plunge and along strike, with all drillholes received from Phase 2 potentially supporting material increases to the MRE. Results for 7 additional holes (1,476 meters) are still pending, and Adavale is planning a Phase 3 drilling program to further test the extent of the mineralisation.

Adavale is highly encouraged by the latest drilling results from London-Victoria, which demonstrate the scale and continuity of the gold mineralisation. With additional assays pending and a Phase 3 program imminent, the company sees strong potential to further expand the mineral resource and strengthen the long-term development case for the project.