ADVANCE METALS LIMITED — Major Shareholding Notification 2021

Nov 4, 2021

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

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----- Start of picture text ----- To Company Name/Scheme Pacific American Holdings LimitedACN/ARSN ABN 83 127 131 6041. Details of substantial holder(1)Name Dovido Pty LtdACN/ARSN (if applicable) 003 891 030There was a change in the interests of the 03/11/2021substantial holder onThe previous notice was given to the 04/11/2021company onThe previous notice was dated 04/11/20212. Previous and present voting powerThe total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or anassociate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company orscheme, are as follows:Class of securities (4) Previous notice Present noticePerson’s Voting power (5) Person’s Voting power (5)votes votesOrdinary fully paid shares 21,895,006 7.90% (based on 277,084,900 31,500,000 7.546% (based onPacific American Holdings 417,439,456 PacificLimited Shares on issue) American HoldingsLimited Shares on issue)3. Changes in relevant interestsParticulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of thecompany or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:Date of change Person whose Nature of change (6) Consideration Class and number of Person’srelevant given in relation securities affected votes affectedinterest to change (7)changed24/09/2020 Dovido Pty Disposal $22,176 (895,006) (895,006)Limited03/11/2021 Dovido Pty Rights offer $168,000 10,500,000 10,500,000Limited4. Present relevant interestsParticulars of each relevant interest of the substantial holder in voting securities after the change are as follows:----- End of picture text -----

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----- Start of picture text ----- Holder of Registered Person entitled to be Nature of relevant Class and number of Person’srelevant interest holder of registered as holder interest (6) securities votessecurities (8)Dovido Pty Dovido Pty Dovido Pty Limited Direct holding 31,500,000 31,500,000Limited Limited----- End of picture text -----

604 page 2/2 15 July 2001

5. Changes in association The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

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----- Start of picture text ----- Name and ACN/ARSN (if Nature of associationapplicable)Not applicable Not applicable6. AddressesThe addresses of persons named in this form are:Name AddressDovido Pty Ltd PO Box 234, South Hurstville NSW 2221 AustraliaSignature Marcus Hill Capacity Directorprint namesign heredate 04/11/2021DIRECTIONS1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or themanager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group ofpersons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group,with the names and addresses of members is clearly set out in paragraph 6 of the form.2) See the definition of “associate” in section 9 of the Corporations Act 2001 (Clth) .3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001 (Clth) .4) The voting shares of a company constitute one class unless divided into separate classes.5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.6) Include details of:a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4)applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accuratedetails of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract,scheme or arrangement; andb) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposalof the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).See the definition of “relevant agreement” in section 9 of the Corporations Act 2001 (Clth) .7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquiredhas, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on thehappening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relationto the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write“unknown”.9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.----- End of picture text -----