Mr. Craig Nelsen reports

AVANTI MINING ISSUES SHARES IN LIEU OF CASH FOR INTEREST PAYABLE UNDER TERMS OF BRIDGE LOAN

In accordance with the terms of a bridge loan facility dated Dec. 6, 2011, between Avanti Mining Inc. and Resource Capital Fund IV LP (RCF), Avanti has made an interest payment in the amount of $39,452.05 on the bridge loan for the period from Dec. 7, 2011, to Dec. 31, 2011. According to the terms and conditions set out in the loan agreement, RCF has the option to receive interest payments in the form of common shares of Avanti. RCF has made a request to receive the interest payable on the bridge loan in the amount of $39,452.05 in common shares and Avanti will deliver to RCF 387,926 common shares in satisfaction of the accrued interest payable for the period from Dec. 7, 2011, to Dec. 31, 2011. The shares will be subject to a four-month hold period.

We seek Safe Harbor.