• Adavale's systematic drillout at London-Victoria progressed strongly with 88 holes targeting 18,000m.
• Acquisition of Calarie Gold Mining Licence increased Adavale's Mineral Resource by 44% to 166koz Au.
• Divestment of Marree Embayment Uranium Portfolio for $650,000 cash and 5,000,000 ORP shares.

Adavale Resources Ltd. reported substantial progress in its quarterly activities for the period ended 30 June 2026. The company's systematic drillout at the London-Victoria Gold Mine achieved significant milestones, with 88 holes drilled to support an upcoming Mineral Resource Estimate (MRE). The acquisition of the Calarie Gold Mining Licence increased Adavale's Mineral Resource by 44% to 166,000 ounces of gold, enhancing the company's belt-scale position along the Parkes Thrust. Additionally, Adavale divested its non-core Marree Embayment Uranium Portfolio, receiving $650,000 in cash and 5 million Orpheus Uranium Ltd shares, thereby sharpening the company's focus on gold and copper. The company also identified multiple high-quality near-mine gold targets adjacent to the London-Victoria deposit, with historic drilling revealing bonanza-grade intercepts.

Adavale Resources plans to update its Mineral Resource Estimate in the September quarter.

Adavale Resources anticipates continued momentum with the planned update to the Mineral Resource Estimate and the identification of multiple near-mine growth opportunities.