• Advance Metals secures 100% ownership of Myrtleford and Beaufort Gold Projects
• Additional consideration of C$1.0M to be paid over three years
• Excellent gravity gold recoveries at Happy Valley support low-cost processing
• High-grade gold intersections continue to validate potential of the projects
• Regional exploration targets identified along the Magpie-Barwidgee trend

Advance Metals Ltd has reached an agreement to acquire the remaining 20% interest in the high-grade Myrtleford and Beaufort Gold Projects, achieving 100% ownership. The total consideration for 100% ownership is C$4.0M, payable over three years in tranches, either in shares or cash. The acquisition follows successful exploration programs at the Myrtleford Project, which have intersected numerous high-grade gold results. Initial testwork at Happy Valley has returned excellent gold recoveries of up to 96%, supporting potential low-cost gravity processing options. Further drilling at Happy Valley has also returned high-grade gold intersections, including 1 metre at 22.3g/t Au. Regional exploration across the Myrtleford Project area has identified multiple gold targets, including the 16km Magpie-Barwidgee trend, which remains untested by modern drilling.

Total consideration for 100% ownership of Myrtleford and Beaufort Gold Projects is C$4.0M.

Advance Metals Ltd is optimistic about the potential of the Myrtleford and Beaufort Gold Projects, with ongoing exploration and structural modelling to further validate the projects' potential.