Mr. Ian MacLean reports

AVANTI GOLD CLOSES SECOND TRANCHE OF PREVIOUSLY ANNOUNCED $1,400,000 PRIVATE PLACEMENT

Avanti Gold Corp. has closed the final tranche of the previously announced non-brokered private placement for gross proceeds of $517,998. This final tranche completes the full $1.4-million offering. The company issued 14,799,927 units at a price of 3.5 cents per unit in this closing.

Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of five cents per share for a period of 12 months from closing. No finders' fees were paid in connection with the final tranche.

The common shares and warrants issued under the offering are subject to a four-month statutory hold period ending Nov. 15, 2025, under applicable Canadian securities laws and are considered restricted securities as defined in Rule 144(a)(3) under the U.S. Securities Act of 1933, as amended.

Officers and directors of the company participated in the final tranche, acquiring a total of 7,142,857 units. This participation constitutes a related party transaction, as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) as the value of the units issued to insiders does not exceed 25 per cent of the company's market capitalization.

The net proceeds from the offering will be used to pay annual licence fees related to the company's Misisi gold project in the Democratic Republic of the Congo and for general working capital purposes.

Following the offering, Martino De Ciccio, the lead investor, holds approximately 9.9 per cent of the company on a partially diluted basis. In addition, chairman Sam Jonah, chief executive officer Ian MacLean, and other members of the board and management collectively hold approximately 19 per cent on a partially diluted basis. As insiders, their participation also constitutes a related party transaction but is exempt from MI 61-101's formal valuation and minority approval requirements.

Omnibus equity incentive plan

The company also announces that it has granted a total of 3.5 million restricted share units (RSUs) to certain directors, officers and consultants pursuant to its omnibus equity incentive plan. The RSUs are subject to vesting conditions. Once vested, each RSU entitles the holder to receive either one common share or the cash equivalent, at the company's discretion.

About Avanti Gold Corp.

Avanti Gold is a gold exploration company with a strong portfolio of projects in Africa. The company's flagship asset is the Misisi project in the Democratic Republic of the Congo, which hosts the Akyanga gold deposit. Akyanga contains an inferred mineral resource of 44.3 million tonnes at an average grade of 2.37 grams per tonne of gold, totalling approximately 3.1 million ounces. The Misisi project encompasses three contiguous 30-year mining leases covering 133 square kilometres along the 55-kilometre-long Kibara gold belt, a prolific metallogenic zone known for hosting significant gold deposits.

Qualified person

Ephraim Masibhera, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Historical information presented herein should not be relied upon as it has not been verified by the company's qualified person.

We seek Safe Harbor.