Quarterly Activity and Cashflow Report

• Strong drilling results expand scale and continuity of Yoquivo silver-gold system
• Maiden JORC resource of 33Moz AgEq positions Yoquivo as a significant project
• Drilling at Myrtleford expands high grade gold footprint and confirms district-scale potential

Advance Metals (ASX:AVM) delivered a transformational quarter, reporting strong drilling results that continued to expand the scale and continuity of mineralization at the Yoquivo silver-gold project in Mexico. Results confirmed broad and high-grade intersections, supporting the potential for resource growth. Ongoing re-sampling of historic drill core also identified previously unrecognized mineralization, providing a low-cost pathway to further expand the resource base. Following the quarter, Advance reported a maiden JORC (2012) Mineral Resource Estimate for Yoquivo, comprising 8.8Mt @ 120g/t AgEq for 33Moz AgEq. This represents a significant milestone, positioning Yoquivo as a large-scale, high-grade silver-gold system with potential for open pit and underground mining. Exploration at the Myrtleford gold project in Victoria, Australia, also delivered strong results, including the discovery of a new high-grade gold zone and confirmation of district-scale potential along the 13km Happy Valley trend. Advance also completed the divestment of its non-core Elko coking coal asset in Canada, strengthening its balance sheet and sharpening the focus on its high-grade precious metals assets. With a maiden resource established, continued exploration success, and a streamlined portfolio, Advance is well-positioned to deliver sustained growth and value creation.

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Key priorities for Advance Metals include: commencement of maiden drilling at the Gavilanes project, ongoing exploration and development studies at Yoquivo, and continued drilling at Myrtleford to define the scale of the system. With a focused asset base and multiple near-term catalysts, the company is well-positioned to deliver sustained growth and value creation.