Mr. Cliff Cain reports

AVANTI HELIUM SIGNS HELIUM MARKETING AGREEMENT WITH THE EDELGAS GROUP

Avanti Helium Corp. has signed an exclusive helium marketing agreement with The Edelgas Group.

The agreement between Edelgas and Avanti paves the way for the marketing and sale of Avanti's helium gas and/or liquid products. With an extensive network and decades of experience in the industrial, specialty and rare gases sector, Edelgas is well positioned to effectively promote and distribute Avanti's helium offerings.

Through this agreement, Avanti gains access to Edelgas's established network of end users, encompassing both short-term and long-term contracts. Leveraging its expertise, Edelgas excels in facilitating agreements tailored to meet the diverse needs of multiple end-user buyers. Its record of successfully managing short- and long-term contracts underscores its reliability and ability to deliver value to both Avanti and its customers. As the company is targeting production in 2024, this collaboration marks a strategic alignment, poised to unlock new opportunities and help drive growth for Avanti.

"Avanti is pleased to formalize our partnership with Edelgas, following several months of successful collaboration," stated Chris Bakker, chief executive officer of Avanti. "The global helium market is very dynamic at the moment. While Helium Shortage 4.0 seems to be easing, concerns persist regarding supply security due to ongoing military disruptions in Ukraine and the Middle East, as well as potential EU trade sanctions on Russian helium. With Avanti's exceptional assets and competitive operating costs of approximately $200 (U.S.)/Mcf for liquefied helium and $130 (U.S.)/Mcf for crude gaseous helium, we anticipate strong profitability across a wide spectrum of offtake prices."

Cliff Cain, chief executive officer of Edelgas, commented: "We are excited to collaborate with Avanti to develop this project, especially given the persistent helium shortages over the past decade. The Greater Knappen area has demonstrated top-tier flow rates in a proven helium-rich, low-risk jurisdiction. Ensuring a stable helium supply will catalyze growth in pivotal sectors like space exploration, semiconductor manufacturing, drone production, airships and quantum technology."

Avanti also announces that it will enter into agreements to settle amounts owing for services of approximately $330,047 to certain arm's-length service providers of the company, by issuing 1,118,085 common shares in the capital of the company at a deemed price of 29.5 cents per common share, to the service providers. The board of directors has determined that it is in the best interests of the company to settle amounts owing by the issuance of common shares to preserve the company's cash for continuing operations.

Closing of the transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange. The company intends to close the transaction as soon as practicable. All common shares issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada.

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.