Mr. Adrian Smith reports

AVANTE MINING MOBILIZES DIAMOND DRILL TO THE VOISEY'S WEST PROJECT

Avante Mining Corp. has mobilized a diamond drill to the Voisey's West nickel project to begin drilling, targeting zones of 1 per cent plus nickel. Voisey's West is located in the same intrusive complex as the nearby Voisey's Bay mine and 70 kilometres (km) west of the town of Nain, Labrador, Canada.

Highlights:

• 2.5-kilometre trend with high-grade nickel zones;
• Same intrusive complex hosted on Voisey's West claims as nearby Voisey's Bay deposit;
• 1.85 per cent nickel recently sampled by the company;
• First drilling since 2008 drilling cut 14 metres at 1.02 per cent nickel, 0.51 per cent copper and 0.03 per cent cobalt;
• Multiple new targets to be tested from 3-D (three-dimensional) modelling.

Adrian Smith, chief executive officer of the company, comments: "Having recently sampled grades up to 1.85 per cent nickel at Voisey's West, we are excited to bring the drill on site to begin work. We look forward to identifying new zones and are excited to test targets from our 3-D modelling, incorporating geology, magnetics, electromagnetics and gravity. With a 2.5-kilometre trend identified, we are aiming to better define the zones where these high-value minerals are concentrated."

Preliminary targets have been identified from new geophysical modelling and are planned to test VTEM (versatile time-domain electromagnetic) conductors that have not been tested or exist beneath the historic drilling with eight planned drill holes, total metres to be determined. Along with potential extensions of the No Baccy zone, the company has also identified a jog or bend in the main nickel-bearing horizon located south of the All-About-It zone. This structure intersects the horizon that has shown nickel values of greater than 1 per cent nickel, up to 1.85 per cent nickel, as verified by the company (see news release dated July 6, 2023).

Initial drilling will focus on the areas with correlating VTEM conductors, magnetic and gravity anomalies located at the south of the All-About-It zone and to the north of the No Baccy zone. These areas have not been properly tested and could represent locations where the flow of magma may have slowed during emplacement allowing gravitational settling of nickel and sulphides.

The company looks forward to providing updates on the progress and results of the exploration program and drilling at the Voisey's West project in the coming months.

About the Voisey's West project

The Voisey's West project is located 50 km from and within the same intrusive complex and geological setting as the world-class Voisey's Bay nickel mine.

The property is in the Churchill province of Labrador and underlain predominately by quartz-feldspathic and metasedimentary gneisses derived from plutonic and sedimentary rocks. The rocks are intruded by the multiphase Nain plutonic suite (NPS) composed primarily of anorthosite, troctolite, diorite and granitoids and are known to host nickel-sulphide mineralization.

Following the discovery of Voisey's Bay deposit, enhanced regional prospecting led to the discovery of three pyrrhotite-chalcopyrite-pyrite-pentlandite showings located on the Voisey's West project, namely Long Pond, All-About-It and No Baccy. Initial surface grab samples from the Long Pond and All-About-It showings returned up to 1.36 per cent nickel and 0.58 per cent copper, and 1.05 per cent nickel and 1.53 per cent copper, respectively. Continued work led to the identification of a primary mineralized corridor occurring over approximately 2.5 kilometres and multiple high-grade nickel drill intersections up to 14 metres of 1.02 per cent nickel, 0.51 per cent copper and 0.03 per cent cobalt.

Disclosure

Some results presented in this release are considered historic in nature. The qualified person for the company has not verified all of the historic sample analytical data disclosed within this release. While the company has obtained all historic records, including analytical data from the previous owners of the Voisey's West project and from various government databases, the company has not independently verified all of the results of the historic sampling.

Mr. Smith, PGeo, is a qualified person as defined by National Instrument 43-101 for the Voisey's West project. The qualified person is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered professional geoscientist. Mr. Smith has reviewed and approved the technical information disclosed herein.

About Avante Mining Corp.

Avante Mining is a mining exploration company focused on developing high-value geographically significant projects, including the Voisey's West project. Avante is paving the way by combining quality projects with proven exploration strategies and a dedicated team to achieve exceptional outcomes.

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