Mr. Mark Frascogna reports

AVANTI SUBMITS ENVIRONMENTAL IMPACT STUDY FOR COLLE SANTO GAS PROJECT

Avanti Energy Inc.'s Italian subsidiary, CMI Energia SpA, has completed its environmental impact study for the Colle Santo block in central Italy and has now formally submitted the study to the Ministry of Environment for review and approval.

CMI managing director Mark Frascogna stated: "We are very pleased with the work that our team of professionals from Olimar srl, Tea Ambiente, Tea Sistemi, Ediltop srl, Libra Engineering and Dream has now completed. The permit application requires a large and in-depth body of work, and we are confident that the submission is of the highest quality. We are looking forward to moving our Colle Santo project to project sanction."

The environmental impact study covers the gas production, pipeline and gas treatment segments of the development program, and is the second and final filing under Italian regulations. The first submission detailing the proposed work program was provided to the Ministry of Economic Development (UNMIG division) on April 18, 2016.

Located in central Italy, the Colle Santo project is the largest undeveloped onshore gas field in Italy. As previously announced, Avanti has identified an extension to the Colle Santo field that has tremendous potential to expand the existing reserves. CMI is operator and, along with its partners, owns a 90-per-cent (net 33.3 per cent) working interest in the project.