Highest Grade Intercept at London Victoria

Adavale’s highest grade gold intercepts to date received from London-Victoria (from 5 of 12 holes) in the Phase 2 drilling program. Intercepts include (14m @ 2.62g/t Au) in hole ALRC018 and (23m @ 1.64g/t Au) in hole ALRC020. Highlights from the first 5 holes include: • 14m @ 2.62g/t Au from 133m (1.0g/t Au cut-off) (ALR018) • 23m @ 1.64g/t Au from 142m (0.5g/t Au cut-off) (ALR020) including o 4m