Mr. Craig Nelsen reports

AVANTI MINING CLOSES PRIVATE PLACEMENTS FOR $15 MILLION

Avanti Mining Inc. has closed its previously announced private placement of 43,650,794 shares of the company at 25.2 cents per share for proceeds of approximately $11-million with SeAH Holdings Corp., the largest specialty steel producer in Korea. The company plans to use the proceeds from the offering to finance detailed design engineering, environmental assessment and permitting for the company's Kitsault molybdenum mine in British Columbia and for general corporate purposes.

About SeAH Holdings

SeAH is a public company listed on the Korean stock exchange. SeAH is the holding company of SeAH Group, established in 2001 by separating the SeAH Steel's investment sector and is based in Seoul, South Korea. SeAH has 18 domestic and 13 overseas subsidiaries/operations, with business areas in special steel producing, pipe manufacturing, information technology and energy. SeAH Besteel Corp., the largest subsidiary of SeAH, is known as the No. 1 special steelmaker in Korea and the company mainly produces automotive parts and shipbuilding parts for globally renowned automakers and shipbuilders. SeAH and SeAH Besteel are currently listed on the Korean stock exchange. CPM Group of New York is acting as financial adviser to SeAH in these transactions.

The company has also closed its previously announced private placement of 10,152,284 flow-through common shares at a price per share of 39.4 cents, for proceeds of approximately $4-million. The FT offering was sold through D&D Securities Inc. of Toronto, Ont., on a commercially reasonable-efforts basis. The company paid D&D a cash commission equal to 8 per cent of the gross proceeds from the FT offering.

The funds raised from the FT offering will be used by the company for expenditures on its Kitsault molybdenum property, which constitutes exploration expenditures (as defined in the Income Tax Act (Canada)) and will be renounced for the 2010 taxation year.

All securities issued pursuant to the offering and the FT offering are subject to a four-month hold period that expires on May 1, 2011.

We seek Safe Harbor.