Mr. Chris Bakker reports

AVANTI HELIUM ANNOUNCES BINDING MIDSTREAM AGREEMENT FOR HELIUM PRODUCTION FOR SWEETGRASS HELIUM POOL

Avanti Helium Corp. has signed a mid-stream agreement to commercialize and achieve cash flow at the Sweetgrass pool within its Greater Knappen asset.

Helium recovery plant

Avanti has signed a binding mid-stream agreement with IACX Resources Montana LLC, a subsidiary of industry leader IACX Energy, to build, finance and operate a helium recovery plant to process the raw gas from Avanti's Sweetgrass helium pool.

The plant is expected to initially process 10 MMcf/d (million cubic feet/day) of raw gas with the option to increase production to 15 MMcf/d. The initial components for the plant are expected to start being delivered on site in Q4 2023 with initial production expected in early Q1 2024.

"We are very pleased to have entered into the arrangement with IACX, a proven helium mid-stream operator," commented Chris Bakker, Avanti chief executive officer. "Having IACX construct and operate the plant derisks execution for Avanti. We are also pleased to have arrived at fee terms that drastically reduce our need for capital. I would like to thank the entire Avanti team for the huge amount of work done to bring the company to this tremendously positive turning point."

Developing the helium recovery plant independently posed a major capital expenditure and expertise requirement for Avanti, but through the IACX transaction, and the liquification tolling agreement, the company will have access to the required infrastructure to achieve cash flow in an attractive commercial environment. Under the terms of the agreement, Avanti will pay a scheduled monthly fee for seven years with an option to renew annually for the life of the pools. IACX will build, finance, install and operate the helium recovery plant on site near the Sweetgrass helium pool. The company will be required to complete minor associated infrastructure work (which is already in process) in order to commence production from the plant.

Additional information and cautionary statements

The company's committed costs under the mid-stream agreement and liquefaction tolling agreement include a monthly service fee under the mid-stream agreement and take-or-pay obligations under the liquefaction tolling agreement. Under the terms of the mid-stream agreement, liquefaction tolling agreement and transportation the company will have a total committed cost as noted herein.

The company expects to finance these commitments from cash flows from operations.

Adviser

Alcedio Capital Inc. acted as the exclusive financial adviser for Avanti on the IACX Energy facility transaction.

ICP Securities Inc.

The company also announces that, subject to the receipt of approval from the TSX Venture Exchange, it has engaged the services of ICP Securities Inc., a Canadian advisory firm, to provide market-making services in accordance with TSX-V policies. ICP will trade shares of the company on the TSX-V and all other trading venues with the objectives of maintaining a reasonable market and improving the liquidity of the company's common shares.

Under the agreement, ICP will receive compensation of $7,500 plus applicable taxes per month in advance. The agreement is for an initial term of four months, renewable thereafter on a month-to-month basis, and may be terminated by either party with 30 days notice. There are no performance factors contained in the agreement and ICP will not receive shares or options as compensation. ICP and the company are unrelated and unaffiliated entities.

CYFR Inc.

The company has entered into an engagement agreement with CYFR Inc. to execute monthly evergreen marketing campaigns that might include enhanced campaigns for press releases. These campaigns will run multiple days over six to 12 months. The engagement includes services related to cost-per-click advertising, content creation, Web landing pages, activation support, advertising creative development, search engine optimization and strategic digital consulting. The term of the agreement is for a period of 12 months and can be terminated by either party by giving 45 days written notice. In addition to a fee equal to $7,500 per month, plus applicable taxes, the company may engage CYFR to provide further agency and Web development services under the agreement for additional fees, if and when applicable. CYFR is not related to the company and has no interest, directly or indirectly, in the company or its securities nor does CYFR have any right or intent to acquire such an interest.

CYFR is a private company located in Calgary, Alta., that provides integrative services that combine business intelligence, big data and digital marketing to offer comprehensive solutions to companies looking to improve their data utilization, access new technology and to better connect with stakeholders.

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.

We seek Safe Harbor.