Mr. Ian MacLean reports

AVANTI GOLD CORPORATION ANNOUNCES SETTLEMENT OF HISTORICAL LIABILITY

Avanti Gold Corp. and its wholly owned subsidiary, Regency Mining Ltd., have entered into a binding settlement agreement with Arc Minerals Ltd. in relation to $1.25-million (U.S.) owed to Arc.

Arc, Avanti and Regency engaged constructively to resolve the outstanding payable and have now entered into a new binding settlement agreement whereby the outstanding payable will be settled in cash.

Settlement terms

Under the new settlement agreement, Avanti and Regency have jointly and severally undertaken to settle the total outstanding payable of $1.25-million (U.S.), as follows:

• Through a cash payment, in full settlement of the outstanding payable, of a reduced settlement sum of:
  • $562,500 (U.S.) (45 per cent), if paid by Aug. 31, 2025;
  • Or $625,000 (U.S.) (50 per cent), if paid by Oct. 31, 2025;
  • Or $750,000 (U.S.) (60 per cent), if paid by Dec. 31, 2025.
• If payment has not been made by Dec. 31, 2025, the full outstanding amount becomes immediately due and payable in full on Jan. 1, 2026;

Ian MacLean, chief executive officer of Avanti Gold, commented:

"The company is pleased that we have reached a binding agreement with Arc after a period of constructive negotiations. This settlement could assist in reducing the overall liabilities of Avanti."

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 (DRC), home to the Akyanga gold deposit. The Akyanga deposit has an inferred mineral resource of 44.3 million tonnes (Mt) at an average gold grade of 2.37 grams per tonne (g/t), totalling 3.1 million ounces (Moz) 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

Ephraim Masibhera, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects (NI 43-101), 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.

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