An anonymous director reports

AVANTI HELIUM ANNOUNCES THE PRICING OF OVERNIGHT MARKETED BEST EFFORTS PUBLIC OFFERING OF UNITS

Avanti Helium Corp. has priced the previously announced, on Nov. 2, 2023, overnight marketed best efforts public offering of units of the company. Pursuant to the offering, which is being conducted on a best efforts agency basis, Avanti will issue 6,667,000 units at a price of 45 cents per unit for aggregate gross proceeds of up to $3,000,150.

Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one common share for 24 months from the closing of the offering at an exercise price of 60 cents.

The offering is being conducted on a best efforts agency basis pursuant to the terms and conditions of an agency agreement to be entered into between the company and Canaccord Genuity Corp. as lead agent and sole bookrunner on behalf of a syndicate of agents, which includes Beacon Securities Ltd. and Cormark Securities Inc.

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+.

Closing of the offering is expected to occur on or about Nov. 10, 2023, and is subject to a number of conditions, including without limitation, receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

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 United States 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'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.