Mr. Chris Bakker reports

AVANTI HELIUM PROVIDES UPDATE ON SWEETGRASS PROJECT IN GREATER KNAPPEN

Avanti Helium Corp. has provided an operational update on its Sweetgrass project within its Greater Knappen asset.

Land Secured for Helium Recovery Plant

Avanti is pleased to announce it has secured 40 acres of land in Liberty County, Montana which is expected to be the site of the Company's Helium Recovery Unit (HRU) that will process raw gas from the WNG 10-21, and WNG 11-22 wells. The site is located ~3-4 miles from the Company's Sweetgrass pool and is adjacent to an all-season public road. Avanti has signed a 25-year lease with an option to renew and has also secured all pipeline easements from the wells to the site. The lease agreement is subject to customary closing conditions.

Helium Recovery Plant

In addition to securing the land, the Company has completed the review of proposals from several midstream and Helium Recovery Unit manufacturers. The Company expects to move forward and enter into a definitive agreement with respect to development of the HRU in the coming weeks. The Company is targeting to have the HRU in place and on stream in Q4 2023.

Liquefaction Tolling Agreement

The Company is also pleased to announce it has signed a Helium liquefaction tolling agreement with Paradox Midstream LLC for 150 Mcf/d of helium gas to be liquified at Paradox's Lisbon gas plant located in Southern Utah. The liquefaction tolling agreement will commence upon completion of the Helium Recovery Unit, expected in Q4 2023.

"Having drilled one of the most significant helium wells in North America in decades, Avanti's focus has shifted to extracting best-in-class returns from production and commercial arrangements," commented Chris Bakker, Avanti CEO. "The announced agreements progress our plan to market 99.999% pure liquid Helium. Negotiations on the remaining agreements are progressing well and we expect to have additional information available to shareholders in the coming weeks."

About Avanti Helium Corp

Avanti Helium is focused on the exploration, development, and production of helium across western Canada and the United States. Avanti's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries. For more information, please go to the Company's website at www.avantihelium.com.

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