• Initial JORC Inferred Mineral Resource of 8.8Mt at 120g/t AgEq
• Potential for bulk tonnage open cut and/or underground mining scenarios
• Mineralisation remains open along strike and at depth

Advance Metals has reported an initial JORC (2012) Mineral Resource Estimate (MRE) for its 100%-owned Yoquivo Silver-Gold Project in southwestern Chihuahua, Mexico. The MRE confirms Yoquivo as a large-scale silver-gold system, with mineralisation extending from surface and demonstrating strong continuity across key zones. The initial Inferred MRE totals 8.8Mt at 120g/t silver-equivalent (AgEq), containing 33Moz AgEq. The resource has been reported at a 50g/t AgEq cut-off and highlights the potential for both bulk tonnage open cut and/or underground mining scenarios. The MRE is the first for the Yoquivo Project reported in compliance with the JORC Code (2012) and is supported by 99 diamond holes totalling more than 26,000m of drilling, including 21 holes recently completed by Advance Metals. Importantly, the resource incorporates broader zones of mineralisation beyond historically targeted high-grade veins, demonstrating the potential for a lower cost development profile, subject to further technical and economic studies. Mineralisation remains open along strike and at depth, and multiple additional high potential zones have been identified in the broader project area. Advance Metals' total Mexico endowment now stands at 116Moz AgEq, underpinning the company's resource growth strategy across its three high-grade projects.

Advance Metals has established the MRE at Yoquivo at a cost of US$0.10/oz AgEq, inclusive of the recent drilling and historic sampling programs, as well as the initial project purchase.

The company is now focused on the next phase of drilling to drive further resource growth and advance Yoquivo toward development, while also planning to commence drilling at its Gavilanes Project to the south.