ADVANCE METALS LIMITED — Share Issue/Capital Change 2025

Dec 29, 2025

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

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Announcement Summary

Entity name

ADVANCE METALS LIMITED

Date of this announcement

Tuesday December 30, 2025

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

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	Unlisted Attaching Options Ex. $0.15 Exp. 29	5,000,000	29/12/2025
to be confirmed	December 2027

Refer to next page for full details of the announcement

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

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

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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 ACN 127131604

1.3 ASX issuer code

AVM

1.4 The announcement is

New announcement

1.5 Date of this announcement

30/12/2025

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

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
23-Oct-2025 17:03	New - Proposed issue of securities -	A placement or other type of issue
	AVM

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

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

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 29/12/2025 Any other information the entity wishes to provide about the +securities the subject of this notification 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 Provision of Investor Relations Services

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

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

ASX +security code		+Security description
New class - code to be confirmed		Unlisted Attaching Options Ex. $0.15 Exp. 29 December 2027
+Security type		ISIN code
Options
Date the +securities the subject of this notification were		issued
29/12/2025
Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued. https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03026733-2A1637847&v=undefined
Options Details
+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.15000000	29/12/2027
Details of the existing class of +security that will be issued upon exercise or conversion of this new class of
company option
AVM : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

5,000,000

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

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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	389,991,489
AVMO : OPTION EXPIRING 31-MAY-2029	166,003,964
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	125,000
AVMAE : OPTION EXPIRING 27-MAR-2028 EX $0.075	12,280,579
AVMAD : OPTION EXPIRING 29-JUN-2026 EX $0.60	450,000
AVMAB : OPTION EXPIRING 12-NOV-2025 EX $0.12	2,380,950
AVMAC : PERFORMANCE RIGHTS	39,954,976
AVMAF : OPTION EXPIRING 03-DEC-2027 EX $0.15	1,500,000
New class - code to be confirmed : Unlisted Attaching Options Ex. $0.15 Exp. 29 December	5,000,000
2027

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

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