An anonymous director reports

AVANTI HELIUM CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Avanti Helium Corp. has closed the second tranche of its non-brokered private placement. The company issued 150,000 units at a price of 60 cents per unit for gross proceeds of $90,000. Together with the first tranche closing on Aug. 31, 2023, the company has raised a gross total of $1,000,219.80 under the offering, which is now closed.

Each unit comprises one common share of the company and one share purchase warrant. Each warrant shall entitle the holder to acquire one additional share at an exercise price of 70 cents per warrant share for a period of 12 months after the date of issuance.

In connection with the second tranche, the company paid and issued an aggregate of $9,000 and 15,000 share purchase warrants in finder's fees. Each finder's warrant is exercisable to acquire one share at an exercise price of 70 cents per finder's warrant share for a period of 12 months after the date of issuance.

All securities issued pursuant to or in connection with the second tranche closing are subject to a statutory hold period expiring on Jan. 12, 2024, in accordance with applicable securities laws and policies of the TSX Venture Exchange.

The net 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 purposes.

Following the company's announcement of the agreement for third party construction and ownership of the helium recovery unit (HRU) to produce the Sweetgrass discovery (please see the company's press release dated July 27, 2023), Avanti 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 the 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.

About Avanti Helium Corp.

Avanti 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.