An anonymous director reports

AVANTI HELIUM CLOSES PRIVATE PLACEMENT FINANCING OF $1.8 MILLION

Avanti Helium Corp. has closed its previously announced non-brokered private placement of units of the company by issuing 4,686,500 units at a price of 40 cents per unit for aggregate gross proceeds of $1,874,600. Each unit is composed of one common share of the company and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at an exercise price of 60 cents per warrant share until Nov. 30, 2025.

In connection with the offering, the company paid an aggregate of $129,822 and issued an aggregate of 324,555 share purchase warrants in finders' fees. Each finder's warrant is exercisable to acquire one share at an exercise price of 40 cents per finder's warrant share until Nov. 30, 2025.

All securities issued under and in connection with the offering are subject to a statutory hold period expiring on March 31, 2024, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

An insider of the company subscribed for a total of 50,000 units for gross proceeds of $20,000. The issuance of 50,000 units to the insider is considered a related-party transaction subject to Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the participation in the offering by the insider will not exceed 25 per cent of the fair market value of the company's market capitalization.

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.

About Avanti Helium Corp.

Avanti Helium is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti Helium'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.