Mr. Shawn Howarth reports

AVANTI MINING ISSUES SHARES IN LIEU OF CASH FOR INTEREST PAYABLE UNDER TERMS OF RCF BRIDGE LOAN AND RCF PRECONSTRUCTION LOAN AND PAYS ESTABLISHMENT FEE AND EXTENSION FEE ON THE RCF BRIDGE LOAN

In accordance with the terms of the amended and restated loan agreement dated July 12, 2013, between Avanti Mining Inc., its wholly owned subsidiary, Avanti Kitsault Mine Ltd., CEF (Capital Markets) Ltd., Resource Capital Fund IV LP and Resource Capital Fund VI LP, Avanti has made interest payments in the aggregate amount of $1,472,222.21 (U.S.) for the period from Oct. 1, 2013, to June 30, 2014, by delivering to RCF IV 13,267,622 common shares and to RCF VI 12,676,066 common shares.

In addition, in accordance with the terms of its preconstruction loan agreement dated Dec. 19, 2013, between Avanti, AKM and RCF VI, Avanti has made interest payments in the amount of $1,102,222.22 (U.S.) for the period from Dec. 20, 2013, to June 30, 2014, by delivering to RCF VI 16,196,231 common shares.

The company has also paid the Tranche A extension fee of $500,000 (U.S.) and Tranche B establishment fee of $500,000 (U.S.) to RCF IV in accordance with the terms of the bridge loan by delivering to RCF IV an aggregate of 21,296,000 common shares.

All such shares will be subject to a four-month hold period.