An anonymous director reports

AVANTI HELIUM ANNOUNCES OVERNIGHT MARKETED BEST EFFORTS PUBLIC OFFERING OF UNITS

Avanti Helium Corp. has commenced an overnight marketed best effort public offering of units of the company, seeking to raise gross proceeds of approximately $3-million. Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. The number of units to be distributed, the price of each unit and the exercise price of each warrant will be determined in the context of the market with final terms to be determined at the time of pricing.

The offering will be conducted pursuant to the terms and conditions of an agency agreement to be entered into between the company and Canaccord Genuity as lead agent and sole bookrunner on behalf of a syndicate of agents.

The offering will be conducted pursuant to the company's Canadian base shelf prospectus dated Nov. 23, 2022. A prospectus supplement relating to the offering will be filed in each of the provinces of Canada, except the province of Quebec. Copies of the prospectus supplement and accompanying base shelf prospectus will be available under the company's profile on SEDAR+.

Certain directors and officers of the company are expected to participate in the offering. Such participation would be considered to be a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The net proceeds from the offering will be used by the company to finance further development of the company's Greater Knappen, Montana, helium exploration and development project and for general corporate purposes.

The units will be offered in the United States on a private placement basis to a limited number of accredited investors pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and outside of Canada and the United States on a private placement or equivalent basis.

The offering is subject to the acceptance of the TSX Venture Exchange.

About Avanti Helium Corp.

Avanti Helium is focused on the exploration, development and production of helium across Western Canada and the United States. Avanti Helium's professional oil and gas exploration and production team is actively targeting helium trapped in structures to help meet the increasing global demand for an irreplaceable and scarce element critical to advanced technology, medical and space exploration industries.

We seek Safe Harbor.