AVZ Minerals Limited - Further positive results confirmed at Roche Dure extension drilling program

AVZ Minerals Limited (ASX: AVZ, OTC: AZZVF) (AVZ or Company) is pleased to report it has received further strong results from its Mineral Resource drilling (Figure 3) program at the Manono Lithium and Tin Project (Manono Project) in the Democratic Republic of Congo (DRC). The Company has received results from the second four diamond drill holes at the Roche Dure North-East Extension drilling program.

AVZ's Managing Director Mr Nigel Ferguson commented: 'The second lot of four holes drilled at Roche Dure (Figure 1) continue to demonstrate solid grade continuity both along strike and down dip from the current open pit design. 'Thirty-three holes have now been completed with twenty-five holes sampled and dispatched to the laboratory in Perth. 'We secured the services of a fourth diamond rig in October (Figure 5) which will assist to increase the progress being made on our comprehensive drilling program.'

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Joint Company Secretary

Mr. Peter Harris

AVZ Minerals Limited

Peter Harris & Associates

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Competent Person's Statement

The information in this report that relates to analytical assay and drilling results is based on, and fairly represents information compiled and reviewed by Mr Nigel Ferguson, a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy and Member of the Australian Institute of Geoscientists. Mr Ferguson is a Director of AVZ Minerals Limited. Mr Ferguson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves'. Mr Ferguson consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

ABOUT MANONO LITHIUM AND TIN PROJECT

AVZ holds a 75% interest in the Manono Project, located 500km north of Lubumbashi in the south of the Democratic Republic of Congo, hosting the world class Roche Dure Mineral Resource, one of the largest undeveloped hard rock lithium deposits in the world. The Manono Project is strategically positioned as a clean, sustainable source of lithium, significantly contributing to the green energy transition, feeding the global lithium-ion battery value chain. With industry leading ESG credentials, it is forecast to be one of the lowest carbon emitting hard rock mines in the world.

FORWARD LOOKING INFORMATION

This announcement contains certain forward-looking statements and comments about future events, including the Company's expectations about the Manono Project and the performance of its businesses. Forward looking statements can generally be identified by the use of forward-looking words such as 'expect', 'anticipate', 'likely', 'intend', 'should', 'could', 'may', 'predict', 'plan', 'propose', 'will', 'believe', 'forecast', 'estimate', 'target' and other similar expressions within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance on, future earnings or financial position or performance are also forward-looking statements. Forward looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that such predictions, forecasts, projections and other forward-looking statements will not be achieved. Forward looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. Forward looking statements involve known and unknown risks, uncertainty and other factors which can cause the Company's actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements and many of these factors are outside the control of the Company. As such, undue reliance should not be placed on any forward-looking statement. Past performance is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward-looking statements, forecast financial information or other forecast. Nothing contained in this announcement nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of the Company. Except as required by law or the ASX Listing Rules, the Company assumes no obligation to provide any additional or updated information or to update any forward-looking statements, whether as a result of new information, future events or results, or otherwise

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