Quarterly Activities Report and Appendix 5B March 2020

Adavale Resources Limited (“Adavale”, or “Company”) was pleased to announce the successful capital raising via placement of ordinary shares to sophisticated investor via Alpha Securities as Lead Manager. The placement consisted of 12,000,000 at A$0.02 to raise $240,000 for the use in exploration of the Kabanga North and North East Nickel Project. BOARD AND OFFICE CHANGES During the period Adavale