ADVANCE METALS LIMITED — Share Issue/Capital Change 2024

Jun 27, 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

ADVANCE METALS LIMITED

Date of this announcement

Friday June 28, 2024

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Performance Rights 5,000,000 28/06/2024 to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

1 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

==> picture [21 x 22] intentionally omitted <==

Part 1 - Entity and announcement details

1.1 Name of entity

ADVANCE METALS LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 83127131604

1.3 ASX issuer code

AVM

1.4 The announcement is

New announcement

1.5 Date of this announcement

28/6/2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

2 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

==> picture [21 x 22] intentionally omitted <==

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

Issue of 5m performance rights convert into 5m shares subject to vesting conditions and 3yr life.

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

3 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

==> picture [21 x 22] intentionally omitted <==

Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

==> picture [495 x 220] intentionally omitted <==

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

ASX +security code +Security description
New class - code to be confirmed Performance Rights
+Security type ISIN code
Other
Date the +securities the subject of this notification were issued
28/6/2024
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
www.advancemetals.com.au
Any other information the entity wishes to provide about the +securities the subject of this notification
----- End of picture text -----

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The issue of the performance rights approved by shareholders on 31 May 2024 and the party being appointed a director of the company.

Issue details

Number of +securities

5,000,000

Were the +securities issued for a cash consideration? No

Please describe the consideration being provided for the +securities

Nil

Purpose of the issue

To pay for services rendered

Additional Details

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

4 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

==> picture [21 x 22] intentionally omitted <==

Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
AVM : ORDINARY FULLY PAID	135,412,443
AVMO : OPTION EXPIRING 31-MAY-2029	75,875,771
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
AVMAK : OPTION EXPIRING 28-FEB-2027 EX $0.06	500,000
AVMAI : OPTION EXPIRING 31-MAY-2027 EX $0.40	150,000
AVMAD : OPTION EXPIRING 29-JUN-2026 EX $0.60	450,000
AVMAB : OPTION EXPIRING 12-NOV-2025 EX $0.12	2,380,950
AVMAJ : OPTION EXPIRING 10-MAR-2025 EX $0.42	1,833,318
AVMAH : OPTION EXPIRING 31-MAR-2025 EX $0.36	190,000
New class - code to be confirmed : Performance Rights	5,000,000

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

5 / 6

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

==> picture [21 x 22] intentionally omitted <==

Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

14

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

6 / 6