ADVANCE METALS LIMITED — AGM Information 2021

May 30, 2021

Pacific American Holdings Limited (ASX:PAK) AGM Presentation

==> picture [368 x 336] intentionally omitted <==

May 2021

==> picture [214 x 71] intentionally omitted <==

Disclaimer

This presentation has been prepared by Pacific American Holdings Limited. (“PAK” or the "Company"). This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment.

Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons in to whose possession this document comes should inform themselves about, and observe, all such restrictions. In Australia this document is only being provided to persons who are sophisticated investors, in accordance with section 708(8) of the Corporations Act 2001 ("Corporations Act") and professional investors, in accordance with section 708(11) of the Corporations Act, or to such other persons whom it would otherwise be lawful to distribute it.

This presentation is not financial product or investment advice. It does not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

This presentation may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of coal. Forwardlooking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information available to it as at 28 May 2021 and has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

Competent Person Statement

The information in this document that relates to JORC 2012 Resources based on information compiled by Mr. Dwight Kinnes, B.Sc Colorado State University, Geology, who is a Member of a Recognised Overseas Professional Organisation (ROPO) included in a list promulgated by the ASX from time to time, being the Society for Mining, Metallurgy, and Exploration (Registered Member No. 4063295), and American Institute of Professional Geologists (Cert. No. 10244).

Mr Kinnes is Principal Consultant/President of Highland GeoComputing, LLC and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration by them and to the activity which they are undertaking to qualify as a ‘Competent Person’ as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code 2012). Mr Kinnes consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

2

Corporate Overview

Capital Structure

ASX:	PAK
Shares Outstanding	318,584,900
Share Price1:	$0.02
Shares on issue	318,584,900
Market Capitalisation:	$6.37M

Major Shareholders

Board & Management

Non-Executive Chairman	Geoff Hill
Executive Director & CEO	Mark Sykes
Non-Executive Director	Simon Bird
VP – Business Development	Dom Hill

Portfolio Brands

Metals

==> picture [151 x 51] intentionally omitted <==

==> picture [145 x 51] intentionally omitted <==

==> picture [131 x 69] intentionally omitted <==

Special purpose vehicle established to invest into the gold industry.

Raw Steel Materials

The Elko Project contains 303Mt JORC Coking Coal Resource in Canada

Renewable Energy

Focus on developing off grid micro projects within Australia and South Pacific

3

1. As at 28 May 2021

12 Month Highlights

• Developed renewables business in Australia and

South Pacific Islands

Investment Portfolio

Building a diversified investment portfolio with a focus on mining and energy

• Finalised farm in agreement into unexplored gold

assets in Western Australia

• Completed first drill program Q1 2021

• Waiting on Assays

• Reduced costs across the business in response to

the COVID-19 outbreak

• Raised $1.76M from existing and new investors

• Reviewing partnership opportunities for Elko

• Elko remains an undervalued asset

• Elko is drill ready with all permits in place

• Advanced North American Metals Initiative

• Reviewing opportunities in base and precious

Pacific American Holdings Ltd

==> picture [369 x 244] intentionally omitted <==

----- Start of picture text -----

Pacific American Pacific American Primary Power
Gold Pty Ltd Coal (Canada) Ltd Pty Ltd
Porphyry North
Elko Coking Coal GP Hydro Pte Ltd
Farm-in
Project (JV Company)
Agreement
100% 50%
North American
Metals Initiative
----- End of picture text -----

metals in Western USA

4

Renewable Energy

• Reviewing technologies and opportunities for the Australian and South Pacific Regions.

• GP Hydro first 12 months:

• Established business in Australia including the appointment of a Chief Executive Officer

==> picture [188 x 98] intentionally omitted <==

• Opportunities :

Agriculture – Developing product specifically for Australian Agriculture sector

Government – Tendering for projects in the South Pacific Islands

Off- grid community – Proposal submitted for projects in Victoria and South Australia

Mining – Collaborating with mining groups in the South Pacific to deliver low carbon solutions

• Second milestone investment decision June 30[th] 2021

• Reviewing GP Hydro operations moving forward

==> picture [216 x 171] intentionally omitted <==

5

North American Coking Coal - Elko

==> picture [134 x 47] intentionally omitted <==

• Renewing license areas Q2-Q3 2021

• Drill ready property with licenses in place

• Coal market is weak at the moment

• Market should strengthen after covid restrictions lifted

• Government infrastructure programs will support coal prices and demand

• Reviewing opportunities for partnerships

• Valuable asset with high quality coking coal and large resource

• Still true believers in Elko and the value it holds for

shareholders

	Location:	East Kootenay Coal Basin Crowsnest Coal Field
	PAC Ownership:	100%
	Area	8,824 acres (3 adjoining tenements)
	Environmental Status Product Coal Type:	Highly disturbed land (logging) Coking Coal
	Resources Million Tonnes(1):
	Measured	117.6
	Indicated	93.2
	Inferred	____92.3
	Total Resource	303.1
	Coal Seams:	9 Seams Multiple seams are mineable thickness
	Mining Method	Underground
	Logistics	Existing rail and port infrastructure
	Approvals	Notice of Work for the Western Coal License valid until September 2024
	Targeted Saleable Production(2) Mine Life(2)	1.25Mt - 1.75Mt per annum 20+ years
	Validation	Historical metallurgical testing was completed by Japanese trading houses

• (1) Elko Coking Coal Project JORC Resource report

• (2) PAK Estimates

6

Gold

==> picture [192 x 64] intentionally omitted <==

• Completed drill program on unexplored Gold project in Western Australia

• Drilling program finished on time and on budget.

• Waiting for analysis to be received

• Completed review of North American Metals projects to compliment Gold Strategy

• Ground truthing program starting in Q2 2021

• Building on in country team in place

• Targeting Western USA states with history of mining

• Large resources still intact in areas

• Mineral sustainability and security is increasing with economic growth plans been driven by government

agendas

North American Metals Initiative

• •

• Colorado Wyoming

• Idaho

• Nevada

• Montana • California

==> picture [267 x 321] intentionally omitted <==

7

Company Summary

✓ Diversified portfolio

==> picture [213 x 71] intentionally omitted <==

✓ Three distinct and complementary business units

✓ Pacific American Gold – Metals Initiative

✓Western Australian Farm-In Agreement ✓North American metals initiative

✓ Primary Power – Renewable off grid solutions ✓Review opportunities and technologies ✓Joint Venture with GP Hydro

✓ Focused on Australia and Pacific Region and industries ✓ Mining, Agriculture, Community

✓ Pacific American Coal – Steel Making Coal ✓Elko has 303Mt JORC Resource

CONTACT US

Name: Mark Sykes – Executive Director Email: marks@pamcoal.com

Name: Dominic Hill Email: dhill@primarypower.com.au

✓Project is drill ready

✓ Significant value uplift

Website: www.pacificamerican.com.au

• ✓ Tightly held and supportive investor base

8