Mr. Chris Bakker reports

AVANTI HELIUM CLOSES PRIVATE PLACEMENT FINANCING

Avanti Helium Corp. has completed its non-brokered private placement financing of 17,029,998 units of the company at a price of nine cents per unit for aggregate gross proceeds of $1,532,700.

Each unit under the offering consists of one common share of the company and one share purchase warrant, with each warrant entitling the holder to purchase one additional share at a price of 15 cents per share until Jan. 20, 2028.

The net proceeds of the offering will be used for continuing costs associated with the company's projects and general working capital requirements.

In connection with the offering, the company paid an aggregate of $31,152 and issued an aggregate of 198,000 shares and 742,133 share purchase warrants in finders' fees. Each finder's warrant is exercisable to acquire one share at an exercise price of 15 cents per finder's warrant share until Jan. 20, 2028.

All securities issued under or in connection with the offering, including securities issuable on the exercise thereof, are subject to a hold period expiring on May 21, 2025.

Chris Bakker, the chief executive officer and a director of the company, subscribed for and purchased 2,944,444 units for total consideration of $265,000, 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 offering in reliance of sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that Mr. Bakker's participation in the offering did not exceed 25 per cent of the fair market value of the company's market capitalization.

Investment by Mr. Bakker

As described above, Mr. Bakker acquired 2,944,444 units, comprising 2,944,444 shares and 2,944,444 unit warrants, for total consideration of $265,000 pursuant to the offering.

Immediately prior to the closing of the offering, Mr. Bakker beneficially owned, directly or indirectly, 9,041,980 shares, 3,904,250 share purchase warrants and 712,000 stock options of the company, which represented approximately 9.34 per cent of the issued and outstanding shares on a non-diluted basis and, assuming the exercise of the 3,904,250 warrants and 712,000 options, approximately 13.47 per cent of the issued and outstanding shares on a partially diluted basis.

Immediately following the closing of the offering, Mr. Bakker beneficially owns, directly or indirectly, 11,986,424 shares, 6,848,694 warrants and 712,000 options, representing approximately 10.51 per cent of the issued and outstanding shares on a non-diluted basis and, assuming the exercise of the 6,848,694 warrants and 712,000 options, approximately 16.07 per cent of the issued and outstanding shares on a partially diluted basis.

The securities of the company held by Mr. Bakker are held for investment purposes. Mr. Bakker has a long-term view of the investment, and may acquire additional securities of the company, either on the open market, through private acquisitions or as compensation, or sell the securities on the open market or through private dispositions in the future depending on market conditions, general economic and industry conditions, the company's business and financial condition, reformulation of plans, and/or other relevant factors.

A copy of Mr. Bakker's early warning report will be available on the company's profile on SEDAR+ and may also be requested by mail at Avanti Helium, 1810, 840 7th Ave. Southwest, Calgary, Alta., T2P 3G2, attention: Mr. Bakker or by phone at 403-384-0401.

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.