Broad Ag-Cu-Au Intersections in Drilling at Gavilanes

• Second drill hole confirms high-grade silver mineralization extending to the south
• Broad copper-silver-gold zone discovered beneath existing silver system
• Historic hole SCHN-01 also shows strong copper-silver-gold mineralization
• Results support potential for a large-scale polymetallic discovery
• Assays pending for GV-26-003 and a fourth hole in progress

Advance Metals Ltd has reported promising results from its second diamond drill hole (GV-26-002) at the Gavilanes Silver Project in western Durango, Mexico. The drill hole successfully extended the known high-grade silver system to the south and intersected a broad copper-silver-gold zone at depth, representing the strongest copper interval recorded at Gavilanes to date. The hole returned 8.4 metres at 245g/t Ag from 90m, including 3 metres at 523g/t Ag from 90m, and 54.6 metres at 0.6% Cu, 22g/t Ag & 0.3g/t Au from 180m, including 12 metres at 1.1% Cu, 42g/t Ag & 0.7g/t Au from 184.8m. Analysis of drilling results in the vicinity of GV-26-002 identified historic hole SCHN-01, which also hosts strong copper-silver-gold mineralization at depth. The results support Advance Metals Ltd's interpretation that Gavilanes has the potential for a large-scale polymetallic discovery below the high-grade silver zone. Assays are pending for GV-26-003, and a fourth hole is currently underway.