Mr. Chris Bakker reports

AVANTI HELIUM CLOSES THE SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Avanti Helium Corp. has closed the second and final tranche of its previously announced non-brokered private placement of units of the company by issuing one million units at a price of 25 cents per unit for aggregate gross proceeds of $250,000. Together with the first tranche of the offering, the company issued an aggregate of 2.2 million units for aggregate gross proceeds of $550,000.

Each unit is composed of one common share of the company and one share purchase warrant, with each unit warrant entitling the holder to purchase one additional share at a price of 30 cents per share for a period of one year from the date of issuance.

Chris Bakker, the chief executive officer and a director of the company, purchased an aggregate of two million units in the first tranche and the second tranche, and such participation is considered a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is exempt from the requirement to obtain a formal valuation and minority shareholder approval in connection with Mr. Bakker's participation in the first tranche and the second tranche in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the first tranche and the second tranche by Mr. Bakker did 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 continuing costs associated with the company's projects and general working capital requirements.

All securities issued under the second tranche, including securities issuable on the exercise thereof, are subject to a hold period expiring on Jan. 5, 2025, in accordance with applicable securities laws and the policies 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 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.