An anonymous director reports

AVANTI HELIUM ANNOUNCES PRIVATE PLACEMENT OF UP TO $1,000,000

Avanti Helium Corp. has arranged a non-brokered private placement financing of up to 1,666,667 units at a price of 60 cents per unit for total proceeds of up to $1-million.

Each unit under the offering will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 70 cents for a period of one year from the date of issue. The company may pay a finder's fee in cash and/or warrants under the offering.

Certain directors and officers of the company are expected to participate in the private placement. Such participation would be considered a related party transaction, as defined under Multilateral Instrument 61-101. The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The proceeds of the offering will be used for various work related to the company's helium recovery plant located on the Sweetgrass pool in Montana, and for general working capital. All securities issued under the offering, including securities issuable on the exercise thereof, are subject to a hold period expiring four months and one day from the date of issuance.

Following the announcement of the agreement for third party construction and ownership of the helium recovery unit (HRU) to produce the Sweetgrass discovery (please see press release dated July 27, 2023), Avanti Helium is now able to aggressively move forward to achieve its commercial production.

The HRU solution also moves forward Avanti's discussions for non-dilutive financing options. Managing dilution and providing best value for existing shareholders remains the primary focus for management. Avanti is in discussions with multiple parties regarding possible royalty financing arrangements as well as possible debt instruments. Moving closer to cash flow via the HRU and offtake discussions greatly improves the company's ability to negotiate an attractive arrangement.

The offering is subject to the acceptance of the TSX Venture Exchange.

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 the advanced technology, medical and space exploration industries.

We seek Safe Harbor.