Mr. Mohamed Cisse reports

AVANTI GOLD CLARIFIES FACTS FOR SHAREHOLDERS AND CONTINUES TO DELIVER ON ITS EXPLORATION STRATEGY

Avanti Gold Corp. has noted the announcements issued by Toubani Resources Ltd. confirming completion of its acquisition of an approximate 19.9-per-cent interest in the company. For the benefit of shareholders, the company wishes to confirm the nature of the transaction and to reaffirm its exploration strategy.

Highlights:

• Consideration was satisfied by issue of Toubani shares and options. The purchase price disclosed by Toubani is 65 cents per share (Toubani corrected and issued an update to an earlier figure in its closing announcement today and confirmed the purchase price was 65 cents per share).
• The shares were sold by certain existing Avanti shareholders in a private transaction.
• The transaction was between shareholders. The company was not a party and received no proceeds.
• The company's strategy remains unchanged. Avanti has four rigs active on site now, six by the end of July -- targeting the 3.11-million-ounce National Instrument 43-101 inferred mineral resource and the 55-kilometre Kibara gold belt, with first 2026 assay results expected imminently.

The transaction

The purchase announced by Toubani was a private transaction with certain existing Avanti shareholders, who elected to sell their shares. The company was not a party to the share purchase agreements, issued no securities and received no proceeds.

Consideration was satisfied in Toubani shares and options rather than cash. For clarity, the company notes that Toubani corrected the share price in its closing announcement earlier today. The price most recently disclosed by Toubani is 65 cents per Avanti share.

Management commentary

Mohamed Cisse, chief executive officer of Avanti, commented: "This was a private transaction between shareholders. Our focus is unchanged -- delivering the largest exploration program in the project's history, with four rigs on site today, six by the end of July, and our first 2026 assays expected imminently."

The company remains focused on its exploration strategy

As announced on July 15, 2026, Avanti has doubled its active drill fleet at Misisi from two to four rigs, with six rigs expected to be operating by the end of July -- the largest drilling capacity ever deployed at the project. The 2026 program is designed to expand and upgrade the existing 3.11-million-ounce NI 43-101 inferred mineral resource at the Akyanga deposit while systematically testing multiple high-priority targets along the 55-kilometre Kibara gold belt. First 2026 assay results are expected in the coming weeks.

About the Misisi project

The Misisi project site is located in the Fizi territory of South Kivu province in the Democratic Republic of the Congo, approximately 250 kilometres south of Bukavu and 180 kilometres north of Kalemie. The project comprises three contiguous 30-year mining leases covering 133 square kilometres along the 55-kilometre Kibara gold belt.

The Akyanga deposit, located centrally in the Misisi project, hosts an NI 43-101-compliant inferred mineral resource of 40.8 million tonnes averaging 2.37 grams per tonne gold, containing 3.11 million ounces, which was based on 19,956 metres of historic drilling, including 105 diamond drill holes totalling 19,070 metres and six reverse circulation drill holes totalling 887 metres. The resource extends from surface to a vertical depth of 350 metres over a strike length of approximately 2,100 metres, using a $1,500-per-ounce pit shell. The mineralization remains open at depth and along strike.

About Avanti Gold Corp.

Avanti Gold is a gold exploration company with a robust portfolio of projects in Africa. The company's flagship asset is the Misisi project in the Democratic Republic of the Congo, home to the Akyanga gold deposit. The Akyanga deposit has an inferred mineral resource of 40.8 million tonnes at an average gold grade of 2.37 grams per tonne, totalling 3.1 million ounces of gold. The Misisi project spans three contiguous 30-year mining leases covering 133 square kilometres along the 55-kilometre-long Kibara gold belt, a prominent metallogenic province known for hosting significant gold deposits.

Qualified person statement

Ephraim Masibhera, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), who is independent, has reviewed the scientific and technical information that forms the basis for this news release, and has approved the disclosure herein. Historical information contained in this news release cannot be relied upon as the company's qualified person, as defined under NI 43-101, has not prepared nor verified the historical information.

We seek Safe Harbor.