• Adavale Resources has executed a Sale Agreement with Orpheus Uranium Limited.
• The agreement involves the sale of 7 exploration licenses for $650,000 cash and 5,000,000 ORP shares.
• The sale sharpens Adavale's focus on its gold-copper assets in the Parkes Project.

Adavale Resources Limited (ASX:ADD) has executed the Sale Agreement with Orpheus Uranium Limited (ASX:ORP) for the sale of its Marree Embayment Uranium Portfolio. The transaction involves the sale of 7 exploration licenses (EL5892, EL5893, EL6553, EL6597, EL6598, EL6821, and EL6890) for a total consideration of $650,000 cash and 5,000,000 ORP shares (current market value of $575,000 @ 11.5cps). The sale follows a binding agreement announced on June 11, 2026. Adavale will continue to work with Orpheus to satisfy the conditions precedent, including the assignment of 2 Native Title Mining Agreements and regulatory processes. This sale allows Adavale to focus on its gold-copper assets within the Parkes Project in the Lachlan Fold Belt, NSW, and provides exposure to the uranium assets through its resulting shareholding in Orpheus (1.25% of shares on issue). The cash component will support Adavale's exploration program at the Parkes Project, with a Mineral Resource update expected this quarter.

Adavale Resources expects a Mineral Resource update for the Parkes Project this quarter.

Adavale Resources is committed to its Parkes gold-copper assets and expects to release an updated Mineral Resource this quarter.